Alcoa, a leading producer of bauxite, alumina and aluminum products, announced a $200 million share buyback program on Wednesday as part of the release of its third-quarter financial results. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “Today’s stock buyback announcement, our smaller net pension and OPEB liability, and our results since launching […]
Lisa Reisman
This Morning in Metals: House Members Write USTR in Support of Tariff Exclusions
This morning in metals, members of the House are asking the Trump administration to allow tariff exclusions (related to the latest round of tariffs levied against China), Chile’s state copper miner has plans to extend the life of one of its copper deposits and BHP reported a sharp year-over-year increase in iron ore production. Need […]
World Steel Association Forecasts Steel Demand to Grow by 3.9% in 2018
The World Steel Association yesterday released its Short Range Outlook (SRO), in which it forecasts global steel demand to grow 3.9% in 2018. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Global steel demand is projected to hit 1,657.9 million tons (MT). Meanwhile, the SRO forecasts global steel demand will rise by […]
This Morning in Metals: U.S. Eyeing Steel Quotas for Mexico
This morning in metals news, the U.S. is reportedly looking to impose steel quotas on Mexico, the World Steel Association boosts its forecast for global steel demand and U.S. Steel reaches a tentative agreement with United Steelworkers to avoid a potential strike. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
DOC Initiates CVD, AD Investigations of Aluminum Wire, Cable Imports From China
The U.S. Department of Commerce (DOC) announced late last week that it had initiated anti-dumping and countervailing duty investigations related to imports of aluminum wire and cable from China. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to the DOC, imports of the products from China in 2017 were […]
This Morning in Metals: U.S. Steel Sector Gets a Downgrade from Credit Suisse
This morning in metals news, Credit Suisse has downgraded the outlook for the U.S. steel sector, a Turkish steel company CEO is optimistic the U.S. will roll back the recently doubled Section 232 metals tariffs and Brazilian miner Vale posted record Q3 iron ore output. Need buying strategies for steel? Request your two-month free trial […]
The October MMI Report: Eight of 10 Subindexes Either Fall or Stay Put
Another month has come and gone, and MetalMiner’s October Monthly Metals Index (MMI) report is out. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook This month’s report featured four subindexes posting declines, four standing put and just two posting increases (Copper and Global Precious). A few highlights from this month’s […]
Week in Review: Mining in Goa, Alunorte’s Stop and Start, and MMI Week
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Many are hoping for a return to a heavy mining presence in the Indian state of Goa. […]
This Morning in Metals: Canada Plans to Impose 25% Steel Tariff, Quotas
This morning in metals news, Canada plans to impose tariffs and quotas on seven categories of steel, the VIX surged this week to an eight-month high, and China’s steel and aluminum exports held relatively steady last month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Canada to Impose Steel Safeguards […]
This Morning in Metals: Chinese Steelmaking Hub Orders Production Cuts Over Next Week
This morning in metals news, the Chinese city of Tangshan has called for called for a 50% cut in production over the next week, AK Steel won a $1.2 million award from the Department of Energy and Novelis broke ground on a new automotive aluminum facility in China. Need buying strategies for steel? Request your […]
