This morning in metals news: the US steel sector’s steel capacity utilization rate dipped to 75.2% last week; meanwhile, Tata Steel reported its highest ever consolidated quarterly EBITDA; and, lastly, the Metals Service Center Institute (MSCI) launched a new campaign advocating for infrastructure investment. Steel capacity utilization down to 75.2% The US steel sector’s capacity […]
Category: Company News
Week in Review: Copper retraces; USCIT rules on Section 232 steel tariff; Vale reaches $7B settlement
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, from steadier metals prices to the United States Court of International Trade’s recent ruling related to a Section 232 steel tariff challenge. Furthermore, Brazilian miner Vale reached a massive settlement two years […]
This Morning in Metals: Miner Vale reaches $7B settlement over Brumadinho disaster
This morning in metals news: Brazilian miner Vale reached a $7 billion settlement with the state of Minas Gerais two years after a fatal dam collapse; the US goods and services deficit decreased in December; and Ford Motor Co. announced an increase in its planned investment in electric and autonomous vehicles. Vale reaches $7B settlement Approximately […]
Crude steel production at Evraz’s North American assets drops 15.1%
Crude steel production at Evraz’s North American assets dropped 15.1% year over year in 2020. The drop was due mainly to the COVID-19 pandemic’s impact on the global economy, the Russian group noted. Evraz output in North America drops Production for the 12 months totaled 1.58 million metric tons from slightly over 1.86 million tons […]
Automotive MMI: US automotive sales show strength in January
The Automotive Monthly Metals Index (MMI) ticked up 4.6% for this month’s value, as automotive sales were strong in January. US auto sales On the sales front, Honda reported its US sales fell by 9.2% in January. Sales totaled 92,225 units in the first month of the new year. Honda truck sales fell 2.2%, while […]
SSAB walks away from prospective IJmuiden acquisition
Swedish steelmaker SSAB has ended discussions with India’s Tata Steel over potential acquisition of IJmuiden plant, or Tata Steel Netherlands, the Stockholm-headquartered group stated Jan. 29. “After deeper analysis and discussions, it became clear that there were limited possibilities to integrate IJmuiden into the SSAB strategic framework,” SSAB said in a statement. “Discussions with Tata […]
Week in Review: General Motors shoots for carbon neutrality by 2040; copper price cools; December US steel imports rise
Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner. In sustainability news, Big 3 automaker General Motors said it intends to be carbon neutral in its operations by 2040. The automaker has also indicated it will offer 30 new all-electric models […]
This Morning in Metals: General Motors targets carbon neutrality by 2040
This morning in metals news: General Motors announced its goal for carbon neutrality; miner Anglo American released its Q4 2020 production results; and, finally, the Aluminum Association of Canada announced an update in a project related to traceability of Canadian aluminum. General Motors aims for carbon neutrality by 2040 Matching similar announcements by other major […]
This Morning in Metals: Changan Ford to manufacture Mach-E in China for local customers
This morning in metals news: Ford Motor Co. announced Changan Ford will manufacture the new all-electric Mach-E SUV in China for local customers; the U.S.’s monthly deficit declined from November to December; and U.S. steel imports fell by 21% last year. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. […]
U.K. developing an integrated rare-earths-to-turbine supply chain
In a rare example of joined up governmental thinking, the announcement by Pensana Rare Earths that it has submitted a planning application for a $125 million rare earth oxide refining facility. The facility would be near Hull in northeast England and would plug a gap in an ore-to-finished-turbine manufacturing landscape developing rapidly in the U.K.’s […]
