Judging from the howls of protest on Capitol Hill, politicians do not agree with analysts’ estimates that General Motors’ decision to shed 15% of its workforce and close seven facilities worldwide is the act of a smart first mover in an industry facing seismic changes. GM’s plans, reported in the Financial Times, are intended to […]
Category: Automotive
Week in Review: Tata Steel, Chinese Auto Sales and the Oil Price
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 Tata Steel is looking to unify its brand, as it has been a busy year on the […]
This Morning in Metals: Zinc, Copper Move Toward Gains for the Week
This morning in metals news, the zinc and copper prices made gains this week, automakers expressed criticism of the U.S.’s steel and aluminum tariffs, and Shanghai rebar prices fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Zinc, Copper Prices Rise Both metals made gains this week on concerns of […]
Ford’s October Sales in China Reflect Cooling Demand in the Country
Amid rising trade tensions this year, automotive sales in China have been trending downward, a point emphasized by Ford Motor Co.’s recently released China sales figures for October. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Detroit automaker on Tuesday released its October sales numbers for the Chinese market, […]
This Morning in Metals: North American Aluminum Associations Petition for Tariff Exemptions
This morning in metals news, North American aluminum associations wrote a joint letter asking for quota-free tariff exemptions for Canadian and Mexican aluminum, European automakers plan to try out new LME steel contracts launching next year, and the LME copper price has dropped ahead of the U.S. midterm elections. Need buying strategies for steel? Request […]
Automotive MMI: Automakers See Average Transaction Price Surge
The Automotive Monthly Metals Index (MMI) fell 2.1% this month, down to an MMI reading of 94 for November. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Auto Sales It’s quarterly earnings reports season once again. Last week, General Motors reported its third-quarter earnings, posting third-quarter revenue of $38.5 billion, up 6.4% […]
Week in Review: Global Steel Production, M&A Activity and the Dollar’s Strength
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 Global crude steel production jumped 4.4% year over year in September. A recent PwC report overviews M&A […]
General Motors Reports 3Q Income of $3.5B
Automaker General Motors shared news of a strong third quarter Wednesday when the company released its third-quarter financial results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our third-quarter performance demonstrates our determination to manage risks and deliver strong business results while continuing to advance the future of mobility,” Chairman […]
Week in Review: Earnings Reports, Capacity Utilization and Palladium’s Rise
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 Nucor reported net earnings of $676.6 million in the third quarter. Global zinc and lead demand is […]
Ford Shares Surge After 3Q Earnings Release
Ford Motor Co. released its Q3 financial results on Wednesday, two days after President of Global Operations Joe Hinrichs said the U.S.’s tariff on steel have made U.S. steel more expensive than steel from anywhere else in the world. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The automaker posted […]
