Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
- Global crude steel production rose 4.6% year over year in 2018, while China’s piece of the pie grew.
- A dam breach at Brazilian miner Vale’s Corrego do Feijao iron ore mine has left more than 100 dead and hundreds remain missing.
- Take a listen to MetalMiner’s latest podcast episode, this time on a word that seems to be picking up steam: reshoring. MetalMiner chats with Harry Moser of the Reshoring Initiative.
- U.S. steel mills hit a capacity utilization rate just over 80% for the year through Jan. 26.
- AK Steel recently announced its 4Q 2018 and full-year financial results, also announcing it will shutter its already mostly idled Ashland Works by the end of the year.
- Who really wins after the exchange of metals tariffs between the U.S. and Canada, two longtime allies?
- India moved just past Japan into the No. 2 spot of top global steel producers last year.
- U.S. Steel, Nucor Corporation and Tesla all reported their quarterly results earlier this week.
- Gold has previously been losing a bit of its sheen, but it seems to be shining one again (or, at least, on its way back).