ArcelorMittal plans to invest C$1.77 billion ($1.42 billion) into installation of new technology at its Dofasco plant in Ontario. The investments will cut carbon emissions by 60%, or 3 million metric tons, over the next seven years, the steelmaker said. With volatile steel markets, knowing which strategy to execute and when can make all the […]
Category: Company News
This Morning in Metals: Union workers at Escondida mine reject BHP contract offer
This morning in metals news: the union representing workers at the Escondida copper mine rejected BHP’s latest contract offer; meanwhile, U.S. construction spending ticked up in June; and, lastly, productivity increased in a majority of wholesale and retail trade industries last year. You want more MetalMiner on your terms. Sign up for weekly email updates […]
Tata Steel to raise carbon surcharge on new contracts beginning Sept. 1
Tata Steel Europe (TSE) plans to raise from Sept. 1 its carbon surcharge on new contracts concluded for flat rolled steel products, an official with the company said. “The surcharge is in line with the [European Union’s] Emissions Trading Scheme” for carbon regulation, the official told MetalMiner late last week. You want more MetalMiner on […]
Week in Review: Stainless demand; global crude steel production; tin prices
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, including stainless demand, a drop in global crude steel production and much more: We know what you should be paying for metals — MetalMiner should-cost models are the ultimate savings […]
This Morning in Metals: China raises export tariffs for steels
This morning in metals news: China opted to increase export tariffs on some steel products; meanwhile, Glencore released its first-half production results; and, lastly, U.S. personal income increased slightly in June. Want MetalMiner directly in your inbox? Sign up for weekly updates now. China boosts steel export tariffs China has raised export tariffs for some […]
This Morning in Metals: Rio Tinto commits $2.4B in funding for Serbia lithium project
This morning in metals news: miner Rio Tinto said it had committed funding of $2.4 billion toward the Jadar lithium-borates project in Serbia; meanwhile, the U.S. international trade in goods deficit rose in June; and, finally, the United States International Trade Commission determined imports of metal lockers from China materially injure U.S. industry. Want MetalMiner […]
This Morning in Metals: Steel capacity utilization rises to 84.6%
This morning in metals news: the U.S. steel capacity utilization rate rose further to 84.6% last week; miner BHP announced a nickel supply agreement with Tesla; and, lastly, crude oil imports have been on the rise over the last four weeks. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]
This Morning in Metals: Steel Dynamics to invest in four new value-added flat rolled steel coating lines
This morning in metals news: Steel Dynamics Inc. released its second-quarter results, during which it tallied $4.5 billion in net sales; Nucor Corporation also released its Q2 results; and, lastly, miner Rio Tinto signed a renewable energy agreement in Madagascar. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers […]
Week in Review: Exchanges tackle electrification; HRC momentum slows; MW premium hits record
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, including competition between the COMEX and LME vis-á-vis electrification, consolidating copper prices, the upcoming MetalMiner 2020 Forecasting Workshop and much more: Each month, MetalMiner hosts a webinar on a specific […]
This Morning in Metals: South Korean steelmaker POSCO reports strong Q2
This morning in metals news: South Korean steelmaker POSCO reported its strongest operating profit in Q2 since Q3 2010; the United States International Trade Commission made a determination regarding steel wire mesh from Mexico; and, lastly, tin prices have been soaring. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should […]
