This morning in metals news, the Indonesian government is considering whether or not to extend the copper export contract with Freeport McMoRan, Reliance Steel and Aluminum announces its fourth quarter earnings. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Aluminum Tariffs Could Mean Pricier Beer? President Trump has met with lawmakers this week […]
Category: Company News
This Morning in Metals: Japan’s JFE Holdings Plans to Spend $6B on Upgrades
This morning in metals news, JFE Holdings Inc. in Japan plans to spend $6 billion on upgrades in the coming years, the Congressional Steel Caucus asked the administration for guidance on the Section 232 action timeline and Shanghai copper posted its biggest price jump since October. Need buying strategies for steel? Try two free months […]
This Morning in Metals: Metal Firms Line Up to Bid for Distressed Essar Steel
This morning in metals, several companies are looking to buy the distressed Essar Steel India Ltd., copper prices bounced back up and gold prices are up. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Essar Steel on the Market Companies like ArcelorMittal and VTB Group are vying for embattled Indian firm […]
This Morning in Metals: January Finished Steel Import Market Share Hits 26%
This morning in metals news, the American Iron and Steel Institute (AISI) reported finished steel imports accounted for 26% of the U.S. market, analysts expect the index that measures market volatility to come back down and General Motors reported strong 2017 earnings. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Steel […]
Noble Group Staves Off Collapse to Fight Another Day
Noble Group, the Singapore-listed trading group, started in 1986 by ex-Phibro trader Richard Elman, once had aspirations to rival commodities trader and miner Glencore and oil trading giant Vitol. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook But this week the firm narrowly avoided bankruptcy in a refinancing deal which sees […]
This Morning in Metals: Rusal Aluminum Production Rises 1.5% in Q4 2017
This morning in metals news, Rusal saw its fourth quarter 2017 aluminum production rise, commodities generally escaped the brunt of Monday’s market plummet and European steel demand is set to rise in 2018. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Rusal Aluminum Production Jumps According to Platts, Rusal’s Q4 2017 […]
This Morning in Metals: Voestalpine Chief Executive Warns of European Steel Overcapacity
This morning in metals news, the chief executive of Austria’s Voestalpine says Europe’s steel industry has excess capacity, copper picked up as the dollar’s gains paused and automotive aluminum use is picking up according to one survey.Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Aluminum Autos The aluminum sector is becoming […]
U.K. Automotive to Get a Boost to its Supply Chain
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 […]
Week in Review: New-Look Diet Coke, Growth in India and Ford’s Future
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: Need buying strategies for steel? Try two free months of MetalMiner’s Outlook Our Stuart Burns talked about the new-look Diet Coke, which will not only come in a series of new […]
This Morning in Metals: Japan’s Steelmakers Enjoy Jump in Profits
This morning in metals news, Japan’s steelmakers are on a hot run (despite the bad press of the Kobe Steel quality data falsification scandal), U.S. Steel reported fourth-quarter 2017 net earnings of $159 million and Glencore said production in 2017 was down for most commodities. Need buying strategies for steel? Try two free months of MetalMiner’s […]
