Liberty Steel UK (LSUK) plans to reduce steelmaking and mothball some of its UK assets as part of restructuring plans. The group instead wants to focus on high-value, alloy-steel production in order to remain competitive. “Despite the injection of £200 million ($244 million) of shareholder capital over the last two years, the production of some […]
Tag: manufacturing
Destroyed Ukrainian Energy Grids Impact Steel Production
Steel production in Ukraine took a hit this past week due to the ongoing conflict with Russia. Industry watchers told MetalMiner that several Ukrainian steelmakers are facing production and rolling issues. Energy suppliers are rationing power distribution to major consumers. The rationing is the direct result of missile attacks and other military actions by Russian […]
Vietnamese automaker VinFast to build EV manufacturing center in North Carolina
As we continue to analyze current market factors and their impacts on nickel prices, copper prices and other key metal prices for automotive production, today we’ll focus on an announced addition to the domestic automotive manufacturing scene. A new automotive player will be coming to the U.S. soon, as Vietnamese automaker VinFast this week announced […]
Fed: October 2020 industrial production rises 1.1%
The Federal Reserve reported October 2020 industrial production rose 1.1%. Sign up today for Gunpowder, MetalMiner’s free, biweekly e-newsletter featuring news, analysis and more. October 2020 industrial production rises Per the Fed, October 2020 industrial production rose but remained 5.6% lower than the pre-pandemic level in February. However, the Fed also noted the industrial production […]
Europe goes back into lockdowns, growth forecast to collapse — again
Global stock markets took a battering last week. Investors finally woke up to the resurgence of COVID infections in Europe and the series of national lockdowns. British Prime Minister Boris Johnson announced a one-month lockdown over the weekend. The U.K.’s lockdown adds to those already in place in the other parts of the U.K. and […]
This Morning in Metals: GM announces partnership with Nikola Corporation
This morning in metals news: General Motors announced a partnership with Nikola Corporation; U.S. manufacturing corporations saw their profits plunge in Q2 2020; and Chile’s copper shipments fell in August. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how often you receive it. Sign up here. […]
This Morning in Metals: Labor productivity declines in wide range of manufacturing industries in 2019
This morning in metals news, productivity was down for a number of manufacturing industries last year, BHP has executed its first blockchain iron ore trade with China’s Baosteel and copper prices continue to surge.
Europe is beating the virus … now it faces the economy
France, heartbeat of the European social ideal, is facing an existential crisis caused by the impact of the lockdown of its economy. Nowhere is that more evident than in the Grand Est region of northeastern France, termed the heart of the country’s auto industry, according to the Financial Times.
Automotive industry struggles back to life
The automotive industry has often been at the vanguard of manufacturing practices. The Toyota Way and lean manufacturing were pioneered in the automotive sector but have since spread across multiple industries and even into services. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! So when the […]
Federal Reserve: Industrial production drops 5.4% in March
The U.S.’s industrial production levels plunged in March amid efforts aimed at curbing the spread of COVID-19. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today!
