U.S. Steel, Nucor Corporation and Tesla all reported financial results on Wednesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Let’s take a quick look at the earnings pictures for each. U.S. Steel U.S. Steel reported full-year net earnings of $1,115 million for 2018, up from $387 million in 2017. […]
Category: Company News
This Morning in Metals: Iron Ore Buyers Could Look to Australia After Vale Disaster
This morning in metals news, buyers are turning to Australia after a dam breach at one of Vale’s Brazilian iron ore operations, U.S. Sen. Chuck Grassley (R-Iowa) said the Trump administration should lift its Section 232 tariffs before the United States-Mexico-Canada Agreement (USMCA) is ratified and U.S.-China trade talks are set to resume this week. […]
AK Steel to Close ‘Largely-Idled’ Ashland Works by End of 2019
AK Steel on Monday reported its Q4 2018 and full-year earnings, posting net income of $33.5 million in the fourth quarter and adjusted net income of $48.0 million (compared with a loss in Q4 2017). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook For the full year, AK Steel reported […]
This Morning in Metals: Metals to Post ‘Modest Rebound’ in 2019, Per Reuters Poll
This morning in metals news, copper and other metals will bounce back modestly in 2019 (according to a Reuters poll), AK Steel surged during after hours Monday and the Office of the United States Trade Representative (USTR) is holding a public hearing today on trade negotiation objectives for a potential bilateral U.S.-U.K. trade agreement. Need […]
Dam Breach Kills Dozens at Vale’s Córrego do Feijão Mine
Tragedy struck Friday at miner Vale S.A.’s Córrego do Feijão mine in Brumadinho (in the southeastern Brazilian state of Minas Gerais). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to Reuters, a dam breach at the mine led to the deaths of at least 60 people, with rescue missions in […]
This Morning in Metals: U.S. Treasury Department Lifts Sanctions on Rusal
This morning in metals news, the U.S. Treasury Department lifted sanctions against Russian aluminum giant Rusal, one executive makes the case for copper and a dam collapse at one of Brazilian miner Vale’s mines has led to at least 60 deaths. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Sanctions […]
Week in Review: India’s Auto Sector, BHP Production Totals and Steel’s Slide
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 Stuart Burns on the gloomy start to the new year. The Indian government is optimistic about foreign […]
This Morning in Metals: Copper is Getting a Jolt from the EV Sector
This morning in metals news, U.S. copper deposits are garnering investment from electric vehicle (EV) industry players, London copper rose Friday and the E.U. mulls retaliation if the U.S. imposes tariffs on automobiles. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Investment The copper price struggled through the final […]
PwC: Value of M&A Metals Deals Surges 90% in 2018
Last year was a big one for a M&A activity in the world of metals. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to a report released yesterday by PwC, the total value of metals M&A deals in 2018 hit $53.4 billion — up from $28.1 billion in 2017 […]
This Morning in Metals: Anglo American Reports 4Q 2018 Production Figures
This morning in metals news, miner Anglo American reported fourth-quarter 2018 production numbers, Freeport-McMoran also reported production numbers and Dalian iron ore rises. Anglo American Copper Production Rises 23% Miner Anglo American’s copper production in the final quarter of 2018 was up 23%, to 183,500 tons, from the same period in 2017. Need buying strategies for […]
