Sources said that steel manufacturing entities in northern Europe are unlikely to seek price increases on hot rolled coil until July, despite events since May that could create conditions to raise them. “If you do that, you seem very opportunistic,” one source told MetalMiner. Mills were seeking €630-650 ($675-695) per metric ton EXW in late […]
Category: Manufacturing
Anglo American Rejects £39 Billion Offer from BHP, Citing Regulatory Risks
Australian mining multinational BHP recently abandoned its bid for London- and Johannesburg listed Anglo American after the target company rejected the latest offer. “While we believed that our proposal for Anglo American was a compelling opportunity to effectively grow the pie of value for both sets of shareholders, we were unable to reach agreement with […]
Renewables/GOES MMI: Despite Slight GOES Supply Gut, U.S. Still Lacks Enough Transformers for Renewable Energy
The Renewables MMI (Monthly Metals Index) witnessed more notable declines month-over-month than last month’s MMI, declining by 7.09%. Renewable energy news sources indicate there exists a number of renewable energy projects within the U.S. currently ready to begin work, but are on hold due to an array of factors. Furthermore, solar and wind fields still […]
Secret Weapon in the ‘Copper War’?
Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer and consumer of refined copper […]
Norsk Hydro Comments on Current Aluminum Market Conditions
Recently, MetalMiner had the pleasure of speaking with Norsk Hydro about aluminum market trends, market insights and the general market outlook for the aluminum industry, especially in the U.S. As the premier green aluminum producer in the United States, Europe-based Norsk Hydro continues to make significant strides in helping to convert the aluminum extrusion market […]
New Heat-Resistant Aluminum Alloys Developed by Tianjin University to Revolutionize Aerospace Engineering
Chinese scientists recently announced the development of a technique to significantly enhance the heat resistance of aluminum alloys. The breakthrough will address a major challenge that has long restricted the use of this lightweight metal in critical fields such as aerospace and transportation. According to a report in the South China Morning Post, the team […]
Liberty Steel’s $70 Million Hungarian EAF Project Raises Questions Amid Financial Strains
Steel manufacturing giant Liberty Steel recently signed a contract with Chinese engineering company CISDI, finalizing a feasibility study to build an electric arc furnace at the Dunaújváros plant in Hungary. Steel production estimates state that the facility would have an annual crude capacity of 1.5 million metric tonnes. According to a May 16 announcement by […]
GFG Alliance Explores Co-Investment and Divestment Options for Liberty’s Belgian, Luxembourg, and Italian Plants
Liberty Steel recently triggered a review of its downstream flat rolling assets in Western Europe. The firm’s parent company, GFG Alliance, said the potential steel industry shakeup stems from an expression of interest from several interested parties. “The review will evaluate Liberty’s assets in Liège (Belgium), Dudelange (Luxembourg), and Piombino (Italy) and will be facilitated […]
Liberty Steel Reviews Future of Scunthorpe Merchant Bar Plant
Steel manufacturing giant Liberty Steel recently began consultations with unions on mothballing its merchant bar producer, Liberty Merchant Bar (LMB), in Scunthorpe. “This decision comes after a thorough review of strategic options and the challenging external conditions, especially the lack of local feedstock supply that has affected the plant’s viability,” Liberty’s parent company, GFG Alliance, […]
Outokumpu Expects Sideways Stainless Market, Promotes the Necessity for Protectionism
Speaking at the Chicago chapter of the Association of Women in the Metals Industry’s (AWMI) most recent dinner, Outokumpu Business Area Americas CEO and President Tamara Weinert highlighted the many challenges facing domestic stainless producers. She also commented on the global stainless steel price, the company’s overall outlook, and its path toward a greener future. […]
