We have written before about the GFG Alliance and, in particular, within that Executive Chairman Sanjeev Gupta’s Liberty Group that has bought distressed steel and aluminum assets in the U.K. over the last 10 years. Last month, Gupta’s Liberty Group announced plans to add Europe’s largest aluminum smelter in Dunkerque, France, to its portfolio. MetalMiner’s […]
Category: Automotive
Ford Calls 2017 ‘Challenging’ but Looks Forward to 23 Product Launches in 2018
Ford Motor Co. held its quarterly earnings call Jan. 24, during which company officials also overviewed 2017 as a whole. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook The company reported 4Q 2017 revenue of $41.3 billion, up $2.6 billion year over year. For fiscal year 2017 as a whole, Ford posted revenue […]
This Morning in Metals: NAFTA Talks Continue as U.S. Seeks ‘Breakthroughs’
This morning in metals news, the U.S. team looks for “breakthroughs” in the renegotiation of the North American Free Trade Agreement (NAFTA), more than 25,000 British Steel pension members did not respond to a consultation about the future of their pension pots and zinc hits a 10 1/2-year high on supply concerns. Need buying strategies […]
This Morning in Metals: Indian Crude Steel Production Up 6.2% in 2017
This morning in metals news, Indian crude steel production jumped 6.2% in 2017, a Swiss steel firm was chosen to buy a troubled French steelmaker and Novelis announced that its aluminum will be supplied for the 2018 Jeep Wrangler. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Indian Crude Steel Production […]
Week in Review: Section 232, the Hyperloop and 2017 Global Steel Output
Before we head into the weekend, let’s take a look back at the week that was and some of the headlines here on MetalMiner: Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook India and Iran recently inked a $2 billion deal that will see the two countries cooperating on railways work, Sohrab Darabshaw […]
Aluminum Cars Show Well at North American International Auto Show
The rise of aluminum in the automotive industry is something we’ve kept tabs on here, as some automakers have opted for the lightweight metal for their models, as opposed to steel. Lower your aluminum spend – Take a free trial of MetalMiner’s Monthly Outlook! Not surprisingly, there are passionate supports of each metal, who will […]
This Morning in Metals: Rising Metals Costs Cutting into Profits, Ford Expected to Say
This morning in metals news, Ford Motor Co. is expected to say rising metals costs are cutting into its profits, Japanese crude steel output is down and South Korea’s largest steelmaker is reaping the benefits of high steel prices. Lower your aluminum spend – Take a free trial of MetalMiner’s Monthly Outlook! Rising Metals Prices […]
This Morning in Metals: Metals Supplies, NLMK and Copper Tracks Back
This morning in metals news, the metals supply situation is complicated, Russian steel producer NLMK‘s output rose 3% last year and copper dropped the most it had in almost six weeks. MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel What is the Supply Situation? According to Reuters, stocks of metals in LME industrial […]
This Morning in Metals: Rio Tinto Finds Copper at Grasberg for First Time Since 2014
This morning in metals news, Rio Tinto made a copper discovery at its Grasberg mine for the first time since 2014, automakers urge Trump not to withdraw from the North American Free Trade Agreement (NAFTA) and copper hits a 3 1/2-week low. MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel Rio Makes Copper […]
This Morning in Metals: Steel Wins Big with New Ram, Chevy Models
This morning in metals news, two new vehicles made mostly with steel represent a victory for the steel industry, iron ore prices are down and the U.S. International Trade Commission (ITC) voted to continue its investigation into common alloy aluminum sheet from China. New Ram Pickup, Chevy Silverado Made with Steel As the steel industry […]