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: Global crude steel production rose 4.6% year over year in 2018, while China’s piece of the pie grew. A dam breach at Brazilian miner Vale’s Corrego do Feijao iron ore […]
Category: Ferrous Metals
This Morning in Metals: Trump Signs ‘Buy American, Hire American’ Executive Order
This morning in metals news, President Donald Trump signed an executive order Thursday pushing for increased use of domestic materials and labor, miner Glencore released its full-year production results for 2018, and the latest on the deadly dam breach at Vale’s Corrego do Feijao mine. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Copper Hits Seven-Week High
This morning in metals news, copper gains momentum, Japan’s steel federation thinks domestic output will grow this year and U.S. Steel will have to pay at least $40 million to repair one of its facilities after a fire. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Copper Reaches Seven-Week […]
India Moves Past Japan into No. 2 Spot of Global Steel Producers
It was an expected development — so when it was announced, it did not come as much of a surprise to many in the steel sector in India (or even globally). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook An updated World Steel Association analysis of crude steel outputs by […]
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 […]
U.S. Steel Mills’ Capacity Utilization Rate Inches Over 80% for YTD
U.S. steel mills achieved a capacity utilization rate of 80.3% for the year through Jan. 26, according to a recent report by the American Iron and Steel Institute (AISI). Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Year-to-date production hit 70.07 million tons, according to the AISI report, up 10.9% from […]
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 […]
Global Crude Steel Production Rises 4.6% in 2018
According to a World Steel Association report, global crude steel production increased 4.6% last year compared to 2017. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Crude steel production increased in every region except the E.U. E.U. production declined 0.3% year over year. Overall, production growth slowed from the 6.3% […]
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 […]
