This morning in metals news, Chilean state copper agency Cochilco again trimmed its average copper price prediction for the year, China’s state-owned aluminum producer Chinalco is looking abroad and oil prices are up for the second straight day. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Prediction Falls […]
Category: Company News
Liberty Group Seals Financing to Acquire Rio Tinto’s Dunkerque Aluminum Smelter
A financing deal was recently struck between steel tycoon Sanjeev Gupta’s GFG Alliance with international banks for the purchase of Rio Tinto’s Dunkerque aluminum smelter in France, one of Europe’s largest smelters. The Liberty House Group is a part of the GFG Alliance. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: China’s Steel Output Soars in October
This morning in metals news, China’s October steel output hit a record high, workers and management at U.S. Steel have reached an agreement on a four-year labor deal and the Aluminum Association in a letter criticized the Department of Commerce’s tariff exclusion process. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
Tata Steel Q2 Profit More Than Triples Year Over Year
Tata Steel on Tuesday released its financial results for the quarter ending Sept. 30. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Tata Steel reported profit after tax (PAT) of 31.16 billion rupees (USD $430.8 million) in the quarter, more than triple that of Q2 2017, when it hit 10.18 […]
Ford’s October Sales in China Reflect Cooling Demand in the Country
Amid rising trade tensions this year, automotive sales in China have been trending downward, a point emphasized by Ford Motor Co.’s recently released China sales figures for October. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The Detroit automaker on Tuesday released its October sales numbers for the Chinese market, […]
This Morning in Metals: Novelis Invests $175M in Brazil Operations
This morning in metals news, Novelis Inc. announced a $175 million investment in its aluminum recycling and production capabilities in aluminum, Chinese steel prices fell, and U.S. CRC and HDG prices dropped to start the week. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Novelis Announces $175M Investment Aluminum roller and […]
GOES MMI: Tata Steel-Thyssenkrupp JV Under Scrutiny for Grain-Oriented Electrical Steel
The much-publicized joint venture between Tata Steel and Thyssenkrupp will now go under the magnifying glass of the European Commission due to “preliminary competition concerns” around steel for automotive applications, metallic coated steel for packaging and grain-oriented electrical steel (GOES). According to a press release from the European Commission, the commission has concerns about reduced […]
Week in Review: MMI Week, Tariff Waivers and Russian Sanctions
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 We kicked off our November MMI this week. In case you missed it, revisit our subindex recaps […]
This Morning in Metals: Copper Falls to One-Week Low
This morning in metals news, the copper price has slipped to a one-week low, builders in British Columbia are asking the Canadian government to loosen limits on steel imports and U.S. tariffs contributed to a Pittsburgh steelmaker’s down third quarter. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook LME Copper […]
This Morning in Metals: Shangahi Rebar Steel Hits One-Month Low
This morning in metals news, Shanghai rebar has dropped to a one-month low, cobalt prices are set to rise after a mining halt at a Glencore location in the Democratic Republic of the Congo (DRC) and BHP says a train derailment will impact its iron ore exports from Australia. Need buying strategies for steel? Request […]
