India’s foremost private sector steel company, Tata Steel, plans to increase crude steel capacity to 30 million tons a year by 2025, from the present level of approximately 20 million tons a year. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Toward that goal, the steelmaker said it will raise […]
Category: Company News
How Niche Service Centers Punch Above Their Weight Class
Every once in a while, the collective MetalMiner team takes a field trip to a mill, OEM or service center, just to make sure our virtual world knowledge has some grounding in the real world. Our most recent trip took us to the industrial park that houses JDM Steel, a specialty flat-rolled carbon steel service center […]
This Morning in Metals: Steel Dynamics Announces New Flat-Rolled Steel Mill Site
This morning in metals news, Steel Dynamics announced the site of a planned new flat-rolled steel mill, Norsk Hydro says aluminum demand is falling in Germany and Canadian aluminum producers are enjoying boosted profits on the heels of the removal of the U.S.’s Section 232 tariffs. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: China to Impose Anti-Dumping Duty on Stainless Steel
This morning in metals news, China is poised to to impose anti-dumping duties on a number of countries, Nucor says it is happy with the results of the Trump administration’s tariffs and Brazilian miner Vale’s second-quarter output plunged. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China to Hit Imports of […]
Week in Review: Trump’s Executive Order, Oyu Tolgoi and Housing Starts
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: Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In case you missed it, the July 2019 MMI report was released last week. Zinc and lead […]
This Morning in Metals: Colombia Aims to Enter the Copper Market
This morning in metals news, Colombia could look to make itself a factor in the copper market, Aus Tin announced that it had begun the first phase of its Taronga tin project and Rio Tinto announced its Q2 2019 production results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Colombia […]
This Morning in Metals: BHP Forecasts Increase in Copper Production
This morning in metals news, BHP forecasts increases in copper and iron ore production, Alcoa released its second quarter financial results and ArcelorMittal USA is asking its suppliers to cut costs. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper and Iron Ore Miner BHP Billiton forecast an increase in […]
Oyu Tolgoi Delays Challenge Rio’s Balance Sheet
It is just as well Rio Tinto is riding high on a strong iron ore price, as its copper business in Mongolia has hit a cost blowout, according to the Financial Times. Difficult ground conditions are being cited as the primary reason Rio is having to completely rethink the design and development of its underground mine […]
This Morning in Metals: Trump to Sign Order Raising Steel Content Threshold for Federal Projects
This morning in metals news, President Donald Trump is expected to sign an executive order calling for heightened steel content thresholds for federal projects, Japanese firm Nippon Steel is planning to offload $1.9 billion in assets in order to purchase India’s Essar Steel and Chinese iron ore prices are getting a boost from a positive […]
This Morning in Metals: China’s Copper Imports, Imports of U.S. Goods Decline
This morning in metals news, China’s copper import levels fell in June, the U.S.-China trade war saw China’s imports of U.S. goods plunge in June and BHP has long-term designs on mine expansion over the next century. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China Copper Imports Fall Imports […]
