Before we head into the weekend, let’s take a look at the week that was and some of the metals storylines here on MetalMiner, including coverage of: copper prices and the coronavirus’ impact; European steel consumption; Jingye’s British Steel takeover bid; U.S. steel production; automotive sales and more. Improve metal purchase timing and mitigate price […]
Tag: British Steel
British Steel sale hits yet another bump in the road from French objections
In October last year, the British government thought it had found a savior for the loss-making British Steel that would in the process save some 5,000 jobs. Request a 30-minute demo of the MetalMiner Insights platform now. Chinese conglomerate Jingye Group agreed to buy British Steel in a £50 million rescue deal and promised a […]
This Morning in Metals: E.U. eyes potential tariffs on stainless steel from China, Taiwan, Indonesia
This morning in metals news, the European Union has registered flat-rolled stainless steel imports from a trio of Asian countries in what could be a prelude to tariffs, China’s Jingye Group plans to cut 500 jobs as part of its British Steel takeover and manufacturers look to adapt to business conditions in the years ahead. […]
This Morning in Metals: Turkey’s Cengiz eyes Jingye’s British Steel takeover bid
This morning in metals news, a Turkish conglomerate is reportedly ready to step into the British Steel process if Jingye Group’s takeover effort falls apart, copper prices fell to a two-week low and an Indonesian company aims to augment its aluminum production. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire […]
This Morning in Metals: Rio Tinto releases Q4 production results
This morning in metals, miner Rio Tinto recently released its Q4 production results, China unveiled new copper scrap and aluminum scrap regulations, and China’s Jingye Group has called on consultants to help strengthen its case for its British Steel takeover plans. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about […]
This Morning in Metals: LME copper price rises to seven-month high
This morning in metals news: copper prices surged to their highest level in seven months; the acquisition of British Steel is progressing, according to prospective Chinese buyer Jingye; and USTR Robert Lighthizer communicated with Mexico regarding USMCA implementation. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! […]
British Steel Moves Toward Takeover by China’s Jingye
When it comes to the bidding for British Steel, it’s now out with the Turks and in with the Chinese. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook It is all change at the sales counter in the process of hawking British Steel to the highest — or any — […]
This Morning in Metals: China’s Jingye Set to Buy British Steel
This morning in metals news, a Chinese firm is poised to take over the insolvent British Steel, Chinese iron ore futures were down Monday and speakers at a recent convention in Budapest weighed in on the stainless steel market. Jingye to Buy British Steel After talks with Turkey’s Ataer Holding fell apart, Chinese firm Jingye […]
This Morning in Metals: Antofagasta Lowers Copper Guidance
This morning in metals news, miner Antofagasta lowered its full-year copper guidance by 20,000 tons, a new favorite has emerged in the British Steel sweepstakes and the U.S. unemployment rate was unchanged in October. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Antofagasta […]
British Steel Sale Back Out for Open Tender as Talks with Turkish Buyer End
The British government has ended negotiations with the Turkish company Ataer Holding regarding its bid to buy British Steel, the Steel Times reported. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. Ataer owns almost 50% of Erdemir, Turkey’s biggest steel producer, and is also […]
