This morning in metals news, Russian aluminum giant Rusal had a big third quarter, Vale announced an iron ore supply deal with Emirates Steel and British Steel is potentially looking to make an acquisition in the U.S. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Rusal 3Q Earnings Up 42% Russian […]
Category: Company News
Week in Review: Global Steel Production, M&A Activity and the Dollar’s Strength
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 Global crude steel production jumped 4.4% year over year in September. A recent PwC report overviews M&A […]
This Morning in Metals: Two Chinese Economists Critical of Country’s Economic Model
This morning in metals news, two prominent Chinese economists have been publicly critical of China’s economic model, the U.S. Department of Commerce has launched an audit of tariff waivers received by companies, China’s steel demand appears to be a boon for the Indian iron ore sector and U.S. Steel shares dipped after hours Thursday following […]
This Morning in Metals: U.S. Steel Imports Down 26% in September
This morning in metals, U.S. imports of steel are down by 26%, metal prices have gotten a boost from a softer dollar and ArcelorMittal reported its third-quarter results. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steel Imports in the U.S. U.S. imports of steel were down 26% in September […]
From Spitfires to Watches: REC Looks to Use Metal from Fighter Plane in Watches
Yes, yes, I know this has nothing to do with metal prices or trading fundamentals — but in my defense I will say it covers two of my passions (so just get over it, will you). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook ThomasNet occasionally puts out some great […]
Week in Review: Earnings Reports, Capacity Utilization and Palladium’s Rise
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 Nucor reported net earnings of $676.6 million in the third quarter. Global zinc and lead demand is […]
This Morning in Metals: ArcelorMittal, Nippon Submit Joint Bid for Essar
This morning in metals news, the final two bidders for India’s Essar Steel have been chosen, businesses are grappling with the reality of no tariff exclusions vis-a-vis the most recent round of tariffs on China and trade ministers met in Ottawa to talk about strengthening the World Trade Organization (WTO). Need buying strategies for steel? […]
Ford Shares Surge After 3Q Earnings Release
Ford Motor Co. released its Q3 financial results on Wednesday, two days after President of Global Operations Joe Hinrichs said the U.S.’s tariff on steel have made U.S. steel more expensive than steel from anywhere else in the world. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The automaker posted […]
This Morning in Metals: London Copper Prices Hit Two-Week Low
This morning in metals news, the LME copper price fell Thursday, miner Antofagasta downgraded its 2018 copper production guidance and Norsk Hydro says the global aluminum market is moving toward a deficit. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Price Slides The LME copper price dropped to a two-week low […]
This Morning in Metals: POSCO Reports Strongest Quarter Since 2011
This morning in metals news, Korean steelmaker POSCO posted its highest quarterly earnings in seven years, Caterpillar cites tariffs are part of the reason for its slide and a German metals distributor’s third-quarter earnings were boosted significantly by higher prices. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook POSCO Earnings […]
