This morning in metals news, Tokyo Steel plans to raise plate prices, Rio Tinto says new aluminum capacity is needed outside of China and copper prices tick upward. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Plate Prices Rise Tokyo Steel plans to raise heavy plate prices by 2.5% in […]
Tag: Aluminum
This Morning in Metals: Zinc, Copper Move Toward Gains for the Week
This morning in metals news, the zinc and copper prices made gains this week, automakers expressed criticism of the U.S.’s steel and aluminum tariffs, and Shanghai rebar prices fell. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Zinc, Copper Prices Rise Both metals made gains this week on concerns of […]
Metal Manufacturers Group Weighs in on Tariff Exclusion Process
Yesterday, we noted a recent Aluminum Association letter, in which the industry group claimed the Department of Commerce’s Section 232 tariff exclusion request undermined the domestic aluminum industry. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook On Tuesday, the Coalition of American Metal Manufacturers and Users (CAMMU) also weighed in […]
Liberty Group Seals Financing to Acquire Rio Tinto’s Dunkerque Aluminum Smelter
A financing deal was recently struck between steel tycoon Sanjeev Gupta’s GFG Alliance with international banks for the purchase of Rio Tinto’s Dunkerque aluminum smelter in France, one of Europe’s largest smelters. The Liberty House Group is a part of the GFG Alliance. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook […]
This Morning in Metals: China’s Steel Output Soars in October
This morning in metals news, China’s October steel output hit a record high, workers and management at U.S. Steel have reached an agreement on a four-year labor deal and the Aluminum Association in a letter criticized the Department of Commerce’s tariff exclusion process. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s […]
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 […]
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 […]
This Morning in Metals: DOC Issues Affirmative Determination in Common Alloy Aluminum Sheet Cases
This morning in metals news, the Department of Commerce issued an affirmative determination its investigation of imports of common alloy aluminum sheet from China, China boasted strong October exports despite the U.S. tariffs, and aluminum prices are too low for such a tight market, according to analysts. Need buying strategies for steel? Request your two-month […]
Is the Russian Aluminum Giant Rusal Off the Hook?
Reading like Tolstoy’s “War and Peace,” an epic article in The New York Times explores the background and history of Oleg Deripaska’s battle to initially gain acceptance in the West and, later, to save his companies — notably Rusal and its holding company En+ — from potentially bankrupting U.S. sanctions. Buying Aluminum in 2019? Download […]
Politics or Compliance? Tariff Waiver Process Under Scrutiny
Criticism of Donald Trump’s tariff action, particularly by archrival Sen. Elizabeth Warren, is too often cast as simply political maneuvering, but there is a very real issue underpinning this current argument. That is, to be successful tariffs need to block imports and support domestic production — otherwise, what’s the point? Need buying strategies for steel? […]