India’s renewable energy sector, the fourth-most attractive renewable energy market in the world today, is all set to get a new player. U.S.-based ArcVera Renewables, which specializes in consulting and technical services, has announced its entry into India’s solar, wind and hybrid energy storage market. ArcVera has opened up an office in Bengaluru in the […]
Category: Company News
MetalMiner breaks down Cleveland-Cliffs’ acquisition of ArcelorMittal USA
As we noted earlier this week, the Cleveland-Cliffs acquisition of ArcelorMittal USA came at a price tag of $1.4 billion. This comes after Cleveland-Cliffs acquired AK Steel earlier this year (among other things, AK Steel is the lone remaining U.S. producer of electrical steel). The deal includes nearly all of the ArcelorMittal subsidiary’s North American facilities […]
This Morning in Metals: Union leaders express optimism over ArcelorMittal USA sale to Cleveland-Cliffs
This morning in metals news: local union leaders have reportedly expressed optimism regarding this week’s announced sale of ArcelorMittal USA to Cleveland-Cliffs; the United States International Trade Commission will launch a Section 337 investigation covering electronic stud finders, metal detectors and electrical scanners; and the Bureau of Labor Statistics today released data on jobless rates. […]
This Morning in Metals: Aluminum group files anti-dumping, CVD petitions
This morning in metals news: an aluminum trade group filed anti-dumping and countervailing subsidy petitions relating to imports of aluminum foil from five countries; the consultation period for Alcoa’s San Ciprián aluminum plant ended without an agreement on a social plan for workers; and the U.S. Census Bureau released August import and export data. The […]
European steelmakers are at a challenging crossroads
Europe’s steel industry appears to be at a crossroads. Hurting before the coronavirus pandemic-induced lockdowns, the industry struggled with overcapacity, high costs, weak demand and competition from lower-cost sources (like China and Russia). The lockdowns decimated demand. Major consumers, like the automotive sector, which takes something like 20% of European production of flat-rolled steel, according […]
Automotive giants Fiat Chrysler, PSA to merge
It is not often the world’s largest carmakers engage in mergers and acquisitions among themselves. Fiat Chrysler and Renault Nissan announced a $35 billion plan to merge back in May 2019. The merger would have created the third-biggest carmaker, behind Volkswagen and Toyota. But within 10 days of the announcement, FCA pulled out and it […]
Cleveland-Cliffs reaches $1.4B agreement to acquire ArcelorMittal USA
Cleveland-Cliffs Inc. has reached an agreement to acquire ArcelorMittal USA, the former announced Monday morning. Cliffs will acquire ArcelorMittal USA for approximately $1.4 billion. The deal is expected to close in the fourth quarter, “subject to the receipt of regulatory approval and the satisfaction of other customary closing conditions.” Cleveland-Cliffs (CLF) shares closed today at […]
This Morning in Metals: Steel Dynamics releases Q3 earnings guidance
This morning in metals news: Steel Dynamics recently released its financial guidance for Q3; miner Ivanhoe Mines announced plans to double annual capacity at the Kakula copper mine; and lead prices have lost steam. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete understanding of the fundamental factors […]
This Morning in Metals: U.S. industrial production rises 0.4% in August
This morning in metals news: U.S. industrial production picked up in August; Nucor recently released its third-quarter guidance; and the Energy Information Administration broke down the impact of OPEC+’s output reductions. Want MetalMiner directly in your inbox? Sign up for weekly, monthly or quarterly updates. U.S. industrial production up 0.4% U.S. industrial production rose 0.4% […]
This Morning in Metals: Copper price bounces back
This morning in metals news: the copper price bounced back Tuesday after a down Monday session; ArcelorMittal issued a statement on the European Commission’s policy proposals aimed at reducing emissions; and U.S. oil exports have fallen in each month since February. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with […]
