This morning in metals news: copper jumped as the dollar continued its slide; ArcelorMittal saw its core profits grow significantly in 2017, leading to a resumption in dividend payments; and the London Metal Exchange has a new chief operating officer. Copper Jumps Ahead of Fed Announcement Copper jumped 1% on Wednesday, according to reuters.com, ahead […]
Category: Company News
Nucor Reports Highest Earnings Since 2008 Despite Rising Imports
Nucor Corporation announced its 4Q and 2017 full-year earnings during its quarterly earnings call Tuesday afternoon. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook For the fourth quarter of 2017, Nucor reported consolidated net earnings of $383.9 million, or $1.20 per diluted share, compared with net earnings of $254.9 million ($0.79 per […]
Tata Steel Sees ‘Great Opportunity’ for Growth in India
Tata Steel is turning bullish on growth in India. Its global CEO and managing director, T.V. Narendran, has said the time had come for Tata Steel Ltd to start its next leg of expansion. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook “We see great opportunity to grow in India and […]
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 […]
This Morning in Metals: Britain Uses $1M Toward Satellite Research to Locate Minerals
This morning in metals news, the U.K. is looking to be a low-carbon player in the post-Brexit world, Chinese steel mills get a win and the City of Chicago files a lawsuit against U.S. Steel related to toxic spills into Lake Michigan by the company last year. MetalMiner’s Annual Outlook provides 2018 buying strategies for […]
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: Kobe Steel Hopes New Personnel Can Help Restore Image
This morning in metals news, Kobe Steel‘s personnel shake-up constitutes one attempt to put distance between the company and its quality data falsification scandal, the chairman of the Japan Iron and Steel Federation said China’s steel output is under control despite record production in 2017 and the fate of the 24-year-old North American Free Trade […]
India, Iran Sign $2BN Deal for Rail Sector Cooperation
This development could bring some cheer to India’s Steel Authority of India Limited (SAIL), the state-run corporation that has a monopoly in the supply of railway tracks, and some of the domestic steel companies. Need buying strategies for steel? Try two free months of MetalMiner’s Outlook India and Iran recently signed a deal worth U.S. […]
Week in Review: Rio Tinto’s Dunkerque Smelter, Nickel and NALCO
Before we head into the weekend, let’s take a look back at the week that was here on MetalMiner: Lower your aluminum spend – Take a free trial of MetalMiner’s Monthly Outlook! Rio Tinto’s massive Dunkerque aluminum smelter is possibly set to change hands — to a familiar buyer, our Stuart Burns writes. A tight […]
This Morning in Metals: MetalMiner on NPR, NAFTA and Alcoa Earnings
This morning in metals news, our own Lisa Reisman appeared on NPR’s “Marketplace” yesterday, President Trump said Wednesday that terminating the North American Free Trade Agreement (NAFTA) would lead to the best renegotiated deal and Alcoa reported its 2017 4Q and full-year earnings. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook Aluminum and China on […]
