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 […]
Category: Ferrous Metals
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 […]
Tata Steel Aims to Unify Brand Ahead of Long-Term Capacity Goals
Much is happening at Tata Steel. To begin with, the Indian steel conglomerate announced it was looking at increasing its installed capacity from the present 18.5 million tons (MT) per annum to 30 MT by 2025. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook In the near term, Tata wants […]
This Morning in Metals: Nickel Falls to 11-Month Low
This morning in metals news, the nickel price has plunged to its lowest level in 11 months, Canadian Prime Minister Justin Trudeau spoke with President Donald Trump over the weekend regarding the U.S.’s steel and aluminum tariffs, and two train derailments appear to have had little impact on Australia’s iron ore sector. Need buying strategies […]
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 […]
Stainless MMI: LME Nickel Prices, Stainless Surcharges Fall
The Stainless Steel Monthly Metals Index (MMI) fell in November. The index moved back towards September 2017 levels (when it hit 67 points). The current index stands at 68 points. The drop came as a result of lower LME nickel prices and lower U.S. stainless steel surcharges. Need buying strategies for steel? Request your two-month […]
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 […]
Raw Steels MMI: Domestic Steel Prices Show Slowing Momentum
The Raw Steels Monthly Metals Index (MMI) decreased this month, dropping two points for an MMI reading of 87 points. The Raw Steels MMI had held at 89 points since August. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Domestic steel prices have showed slowing momentum since June 2018. Domestic […]
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 […]
