This morning in metals news, Novelis Inc. reported its quarterly financial results, steel trade in China slows amid coronavirus fears and India’s carbon emissions are projected to soar over the next 30 years. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
Category: Company News
PwC: Metals deal size, volume fall in 2019, but Q4 showed signs of renewed growth
M&A activity in global metal firms dropped 10% by volume compared to 2018, but the value of all deals declined by a third driven by fewer “megadeals” — transactions with disclosed values greater than $5 billion — compared to the previous year, according to PwC’s Global Metal Deal Insights report for 2019. Looking for metal […]
This Morning in Metals: Norsk Hydro faces headwinds in weak aluminum market
This morning in metals news, Norsk Hydro unveiled its Q4 and full-year 2019 financial results, Nippon Steel projected a net loss of $4 billion for the recent fiscal year, and President Donald Trump’s new tariffs on steel and aluminum derivatives took effect over the weekend. Metal prices fluctuate. Key is knowing when and how much […]
Week in Review: Copper prices; British Steel roadblock; U.S. auto sales
Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner, including coverage of: copper prices and the coronavirus’ impact; European steel consumption; Jingye’s British Steel takeover bid; U.S. steel production; automotive sales and more. Improve metal purchase timing and mitigate price […]
Eskom’s monopoly on South African power production finally comes to an end
South Africa, the primary or major source of so many critical metals, is caught in a Catch-22 situation of its own making. Request a 30-minute demo of the MetalMiner Insights platform now. The mining industry is a major employer in South Africa and contributes some 7% of national GDP. The impact of mining goes beyond […]
This Morning in Metals: U.S. trade deficit shrank by 1.7% in 2019
This morning in metals news, the U.S. trade deficit fell for the first time in six years last year, ArcelorMittal released its Q4 and full-year 2019 financials, and two Novelis plants in Europe gained ASI certifications. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
India’s annual budget could prove to be a boost to the steel sector
India’s union budget is an annual exercise, one that industry and commerce always look forward to for direction and signals of growth. MetalMiner’s monthly buying outlook reports give you pricing and specific buying strategies for 10 metal types. Request your trial now. India’s metals sector, especially steel, had expectations from this year’s budget and seems […]
This Morning in Metals: U.S. goods and services deficit hits $48.9B in December
This morning in metals news, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis released the U.S. goods and services deficit for December, President Donald Trump delivered the State of the Union address Tuesday night and the CEO of a Kentucky aluminum company is out. Metal prices fluctuate. Key is knowing when and […]
This Morning in Metals: Glencore’s ’19 copper production down 6%, cobalt up 10%
This morning in metals news, miner Glencore released its 2019 production results, the coronavirus fallout continues and U.S. Steel is planning to temporarily close its Gary Works No. 4 blast furnace in April. Metal prices fluctuate. Key is knowing when and how much to buy with MetalMiner Outlook. Request a free trial.
British Steel sale hits yet another bump in the road from French objections
In October last year, the British government thought it had found a savior for the loss-making British Steel that would in the process save some 5,000 jobs. Request a 30-minute demo of the MetalMiner Insights platform now. Chinese conglomerate Jingye Group agreed to buy British Steel in a £50 million rescue deal and promised a […]
