This morning in metals news, a planned takeover of British Steel by a Turkish military pension fund is in doubt, Caterpillar reported down third-quarter earnings and Chinese iron ore futures made gains again. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. OYAK Bid […]
Tag: British Steel
This Morning in Metals: USTR Hails WTO’s Record $7.5B Tariff Ruling
The United States Trade Representative lauded the World Trade Organization’s (WTO) decision on U.S. countertariffs against the E.U., a Chinese steelmaker could enter the mix in bidding for British Steel and the WTO put out less than optimistic figures with respect to global growth levels in 2019 and 2020. Keep up to date on everything […]
Controversial Bidder for British Steel Emerges as Frontrunner
British Steel is still limping along, losing £5 million a week while it continues looking to secure a buyer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook After reporting on the group entering into the Official Receiver’s hands in the spring we have been following its ups and downs in […]
This Morning in Metals: Turkish Military Pension Fund Reaches Tentative Deal to Buy British Steel
This morning in metals news, a Turkish military pension fund has reportedly reached a tentative deal to buy the ailing British Steel, copper prices held flat Friday and the latest round of tariffs could impact China’s ability to prop up its economy. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: U.S. to Delay Tariffs on Some Consumer Goods from China
This morning in metals news, the United States Trade Representative (USTR) announced the U.S. would delay some of the recently announced tariffs on Chinese goods, what could be the largest copper mine project in North America recently got a key approval from the U.S. Forest Service and a Turkish military pension fund has a £900 […]
This Morning in Metals: A Preferred Bidder for British Steel?
This morning in metals news, British Steel could have a buyer lined up, protests have disrupted copper mine activities in Peru and the American Iron and Steel Institute (AISI) released July steel import data. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook British Steel Update According to The Guardian, a […]
This Morning in Metals: China Responds to Currency Manipulator Designation
This morning in metals news, China offered a response to the U.S.’s designation of it as a currency manipulator, British Steel’s lenders are looking for a speedy end to the auction for the liquidated steel company and Glencore announced it will pause production at a mine in the Democratic Republic of the Congo. Need buying […]
This Morning in Metals: Nickel Prices Fall on the Heels of Earlier Surge
This morning in metals news, the nickel price rally appears to have lost some steam, iron ore prices have started to come back down to earth and a Chinese company pulls out of the bidding for British Steel. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Nickel Price Slides After […]
This Morning in Metals: Indian Annual Steel Consumption Nears 100M Tons
This morning in metals news, India is likely to remain a net steel importer for at least the next two years, residents of Scunthorpe are concerned about the future of their town should British Steel close down and the copper price retreated to a one-week low. Need buying strategies for steel? Request your two-month free […]
This Morning in Metals: G20 Wary of Slowing Growth, Calls for ‘Free, Fair’ Trade
This morning in metals news, world leaders gathered in Japan this weekend for the G20 Summit, a deadline for bidding on the liquidated British Steel came and went June 30, and Australia’s iron ore exports are forecast to fall for the first time in 18 years. Need buying strategies for steel? Request your two-month free […]
