This morning in metals news: miner Vale released its Q3 2020 production results; the Can Manufacturers Institute announced it will release grants in 2021 for aluminum can capture equipment; and, finally, U.S. crude oil inventories remain elevated. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Vale iron ore output […]
Category: Company News
This Morning in Metals: U.S. Steel announces startup of EAF in Alabama
This morning in metals news: U.S. Steel on Monday announced the startup of a new electric arc furnace (EAF) in Fairfield, Alabama; WTI crude dipped below $39 per barrel; and the International Aluminum Institute released global alumina production data. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete […]
Authentic gold from the Scottish Highlands
People have mined, refined and valued gold since Mesopotamian times, with records of early gold jewelry from 2600 BCE — but what about gold from the Scottish Highlands? Anyone who has seen images of Egyptian Pharaoh Tutankhamun’s tomb created almost entirely of gold in 1223 BCE can only wonder at the volumes of gold that […]
This Morning in Metals: Nucor starts work on Kentucky steel plate plant
This morning in metals news: Nucor began work Friday on its new Kentucky steel plate plant; several members of Congress wrote to Secretary of Commerce Wilbur Ross asking the Trump administration not to impose Section 232 tariffs on electrical steel; and BHP released its quarterly operational review. The MetalMiner 2021 Annual Outlook consolidates our 12-month […]
Week in Review: Airbus-Boeing saga; industrial production; Liberty’s Thyssenkrupp bid
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 the Airbus–Boeing subsidy saga, industrial production, Liberty Steel’s bid for German firm Thyssenkrupp’s steel division and much more. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides […]
This Morning in Metals: Nucor Corporation reports Q3 2020 financial results
This morning in metals news: Nucor Corporation released its Q3 2020 financials; Cleveland-Cliffs also unveiled its Q3 2020 results; and battery-storage costs in the U.S. dropped significantly from 2015-2018. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. Nucor Corporation reports Q3 financials Nucor Corporation released its Q3 2020 financial […]
This Morning in Metals: Global groups renew call to target steel overcapacity
This morning in metals news: global steel groups renewed calls for the Global Forum on Steel Excess Capacity to continue its work targeting steel overcapacity; Freeport-McMoRan released its Q3 financial results; and, finally, U.S. natural gas exports to Mexico have increased. Stop obsessing about the actual forecasted steel price. It’s more important to spot the […]
This Morning in Metals: General Motors to invest $2B to transition Tennessee plant for EVs
This morning in metals news: General Motors will invest $2 billion to transition its Tennessee plant for the production of electric vehicles (EVs); Rio Tinto announced its Q3 2020 production results; and Norsk Hydro has made a deal to merge part of its hydropower generation with that of Lyse. The MetalMiner 2021 Annual Outlook consolidates […]
Liberty Steel pushes for the big league with Thyssenkrupp offer
Sanjeev Gupta’s GFG Alliance and, in particular, its steel and aluminum subsidiary Liberty Steel, is rarely out of the news, it seems. The firm’s insatiable appetite for bankrupt or struggling metals assets has the market split. One the one hand, boosters are cheering its entrepreneurial spirit. On the other, naysayers are questioning the opaque funding […]
U.S. ups the ante in Boeing-Airbus subsidy saga
Airbus and Boeing — or, more reasonably, Brussels and Washington — are still at it, haggling over subsidies both sides have received over the decades. The action and counteractions, originally started by the U.S. to stem what it saw as a rising European rival to Boeing’s dominance, has been rumbling on for 16 years. Both […]
