Before we head into the weekend, let’s take a look back at the week that was and some of the metals coverage here on MetalMiner, including coverage of ArcelorMittal, copper prices, China’s latest five-year plan and much more: Week of March 8-12 (ArcelorMittal, China’s Five-Year Plan and more) Australia’s Lynas Rare Earths reported its half-year […]
Category: Company News
This Morning in Metals: ArcelorMittal reportedly asks for cash upfront to supply GFG mills
This morning in metals news: amid GFG Alliance’s financial crisis, ArcelorMittal has reportedly asked for cash upfront to supply Sanjeev Gupta’s steel mills; meanwhile, a so-called “green hydrogen” facility in Germany has started operations; and, finally, the LME three-month aluminum price has trended sideways this month. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in […]
This Morning in Metals: US Court of International Trade dismisses tariff exclusion challenge
This morning in metals news: the US Court of International Trade rejected a tariff exclusion process challenge; meanwhile, a metals trader ordered 10,000 tons of copper blister and got something else; and, finally, aluminum is gaining popularity as a material for outdoor living products. US Court of International Trade rules on Section 232 tariff exclusion […]
This Morning in Metals: Nucor to build new tube mill in Midwest
This morning in metals news: Nucor announced plans to build a new tube mill in the Midwest; meanwhile, the Bureau of Labor Statistics released the Consumer Price Index summary for February; and the oil price pulled back slightly this week. Nucor to build new tube mill Nucor Corporation said Tuesday its Board of Directors had […]
What are ArcelorMittal’s prospects in the US after its Cleveland-Cliffs deal?
ArcelorMittal has strong prospects in the United States. This is even after the group sold in 2020 almost 14 million tons of integrated crude capacity to Cleveland-Cliffs. “It is one of the major steel markets, even though many steel plants in the United States have shut down in the past 10 years,” one analyst said. […]
ArcelorMittal Nippon Steel to build new steel plant for nearly $7 billion
ArcelorMittal Nippon Steel India Ltd (AM/NS) signed an agreement with the provincial government of Odisha in eastern India to build a US $6.88 billion steel mill. The proposed plant is a joint venture between ArcelorMittal and Nippon Steel, and will have a production capacity of 12 million tons per year. ArcelorMittal had to drop its […]
GFG Alliance, Liberty Steel financial position under scrutiny
The media loves stories of the rise of underdogs, of entrepreneurial spirit and corporate derring-do — so has been the story of Sanjeev Gupta and the meteoric expansion of his GFG Alliance in recent years. That rise has almost defied the gravity of conventional business in a string of acquisitions, often of defaulting or bankrupt entities, […]
This Morning in Metals: U.S. Steel acquires flat rolled steel sheet patents
This morning in metals news: U.S. Steel announced the acquisition of patents from The NanoSteel Company, Inc.; meanwhile, China is eyeing stronger management of its mineral resources; and, lastly, Rio Tinto plans on building a new tellurium plant at its Kennecott mine. U.S. Steel acquires steel patents U.S. Steel announced it had acquired flat rolled […]
Automotive MMI: US auto sales strong in February despite inclement weather
The Automotive Monthly Metals Index (MMI) rose by 7.1% this month, as US auto sales were strong in February. You want more MetalMiner on your terms. Sign up for weekly email updates here. US auto sales Ford Motor Co. reported its February US retail auto sales reached 163,520 vehicles, down 1.8% year over year. Ford […]
This Morning in Metals: Senate confirms new secretary of commerce
This morning in metals news: the American Iron and Steel Institute (AISI) offered positive comments on the heels of the confirmation of the secretary of commerce; UK unions worry about the potential loss of thousands of jobs; and the Biden administration is taking a step back in the process toward an Arizona copper mine. AISI […]
