A year on from the U.S.’s anti-dumping and countervailing duty orders on Chinese aluminum foil, imports of the product have plunged. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook The Aluminum Association Trade Enforcement Working Group filed a petition requesting relief from imports of Chinese aluminum foil in May 2017. Almost one year […]
Category: Company News
This Morning in Metals: China’s Stimulus Measures Boost Steel, Iron Ore
This morning in metals news, the Chinese government’s decided to continue stimulus measures offers a boost to steel and iron ore, India could move past the U.S. in steel use and Tokyo Steel holds prices steady for a fifth consecutive month. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook China […]
Challenges at Tesla’s Gigafactory Suggest EV Rollout Won’t be as Fast as Hoped For
Reports that Panasonic is stepping back from its commitment to develop its Reno, Nevada Gigafactory with Tesla have the note of warning about them suggesting all is not well with Tesla or for sales of its new Model 3 batteries, which the new factory was designed to make, according to TechCrunch. But Tesla blames lowered deliveries […]
Week in Review: Iron Ore, Global Growth Forecasts and U.S. Raw Steel Production
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 Could the iron ore price continue to rise even further? The April Monthly Metals Index (MMI) report […]
This Morning in Metals: Per ITC Analysis, USMCA Would Raise U.S. GDP by 0.35%
This morning in metals news, an analysis by the U.S. International Trade Commission digs into the details of the pending United States-Mexico-Canada Agreement (USMCA), the Congressional Research Service released a report covering economic growth levels around the world and the chairman of Chile’s Antofagasta says the green revolution will be good for copper. Need buying […]
Rusal Makes Post-Sanctions Splash with Investment in U.S. Downstream Production
Call me cynical if you will but Russian aluminum firm Rusal’s announcement, reported in the Financial Times last week, that it intends to invest $200 million for a 40% stake in a new Kentucky aluminum rolling mill — in partnership with privately owned Braidy Industries — has the ring of payback to it. Need buying strategies […]
This Morning in Metals: U.S. Steel Import Market Share in February Hits 20%
This morning in metals news, U.S. imports of steel dropped in February after an import-heavy January, Alcoa released its first-quarter financial results and flat-rolled aluminum producer Novelis is looking to secure exemptions on its pending requests related to tariffs covering Canadian aluminum. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Rio Tinto Downgrades 2019 Iron Ore Guidance After Recent Cyclones
Miner Rio Tinto released its first-quarter production results this week and downgraded its 2019 iron ore guidance on the heels of the recent cyclones battering the Western Australia coast. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook “Our iron ore business faced several challenges at the start of this year, […]
This Morning in Metals: Shanghai Rebar Hits 7 1/2-Year High
This morning in metals news, the price of SHFE rebar continued its rise Tuesday, the Aluminum Association released its first new material registration record in almost two decades and Brazilian steelmakers are struggling with an iron ore shortage. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Shanghai Rebar Rises The […]
Norsk Hydro to Increase Automotive Aluminum Capacity at Husnes Plant
Norwegian aluminum maker Norsk Hydro has recently been in the news for a cyber attack that brought much of its operations to a halt. Buying Aluminum in 2019? Download MetalMiner’s free annual price outlook More recently, however, the company turned to more positive news, announcing plans to upgrade technology at its Husnes plant to produce […]
