This morning in metals, Ford Motor Co. says prices of U.S. steel are higher than anywhere else in the world, China’s alumina exports surged in September and the LME copper price dropped Tuesday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook High Prices U.S. automaker Ford has been vocal about […]
Category: Company News
Nucor Reports Year-to-Date Net Earnings of $1.71 Billion
For those wondering how the surge in domestic steel prices have impacted many domestic steelmakers, there is perhaps no better indicator of that impact than quarterly earnings reports. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Steelmaker Nucor Corporation reported its third-quarter earnings late last week, reporting net earnings of […]
Week in Review: Liberty House, DOC Investigations and Global Steel Demand
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 A recent fire at an Indian plant that killed nine workers again raised significant concerns about safety […]
Credit Suisse Downgrades U.S. Steel Sector Despite Tariff Boon
It seems almost inconceivable that Credit Suisse could be downgrading expectations for the US steel sector, as recently reported by Reuters. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It feels counterintuitive that an industry buttressed by 25% import tariffs would not be riding the crest of a wave, particularly […]
Alcoa Upgrades Full-Year Outlook Slightly in Q3 Financial Report
Alcoa, a leading producer of bauxite, alumina and aluminum products, announced a $200 million share buyback program on Wednesday as part of the release of its third-quarter financial results. Buying Aluminum in 2018? Download MetalMiner’s free annual price outlook “Today’s stock buyback announcement, our smaller net pension and OPEB liability, and our results since launching […]
This Morning in Metals: U.S. Eyeing Steel Quotas for Mexico
This morning in metals news, the U.S. is reportedly looking to impose steel quotas on Mexico, the World Steel Association boosts its forecast for global steel demand and U.S. Steel reaches a tentative agreement with United Steelworkers to avoid a potential strike. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
Liberty House Set to Snap Up Yet Another Steel Asset in Europe
A couple of weeks back, we covered ArcelorMittal’s takeover of Italy’s Ilva, Europe’s largest producer of flat-rolled carbon steel. We observed at the time that ArcelorMittal was one of a few firms capable of funding the cleanup and modernization of Italy’s polluting giant. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
This Morning in Metals: U.S. Steel Sector Gets a Downgrade from Credit Suisse
This morning in metals news, Credit Suisse has downgraded the outlook for the U.S. steel sector, a Turkish steel company CEO is optimistic the U.S. will roll back the recently doubled Section 232 metals tariffs and Brazilian miner Vale posted record Q3 iron ore output. Need buying strategies for steel? Request your two-month free trial […]
Latest Tragedy at Indian Steel Plant Again Raises Red Flags Regarding Safety Standards
Loss-making balance sheets and cost-cutting in — or lax — oversight of health and safety can go hand in hand; they are often examples of poor management. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook The aforementioned also sometimes go hand in hand with state ownership – in both the […]
Week in Review: Mining in Goa, Alunorte’s Stop and Start, and MMI Week
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 Many are hoping for a return to a heavy mining presence in the Indian state of Goa. […]
