This morning in metals news, China wants the U.S. to remove tariffs before a final trade deal can be reached, U.S. Steel announced it would offer $300 million in senior convertible notes and Alcoa released its third-quarter financial results. Keep up to date on everything going on in the world of trade and tariffs via […]
Tag: U.S. Steel
This Morning in Metals: U.S. Steel Announces New CFO, Corporate Model
This morning in metals news, it was a busy week for U.S. Steel, copper hit a two-week high and miner Rio Tinto signed its first portside iron ore contract in Chinese currency. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Steel Looks […]
This Morning in Metals: U.S. Steel Announces Joint Venture Partnership with Big River Steel
This morning in metals news, U.S. Steel announced a new joint venture with Big River Steel, the E.U.-U.S. fight over aircraft subsidies continues and Chile’s copper output increased in August. Keep up to date on everything going on in the world of trade and tariffs via MetalMiner’s Trade Resource Center. U.S. Steel to Purchase 49.9% […]
Earnings Suffer as U.S. Steel Companies Face Falling Steel Prices
Earnings guidance recently released by U.S. steel companies have a common denominator: the impact of falling steel prices. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! Last year, upon the Trump administration’s implementation of Section 232 steel tariffs, domestic steel prices surged. However, since mid-2018, steel […]
This Morning in Metals: U.S. Steel Shares Down on Third Quarter Guidance
This morning in metals news, U.S. Steel shares are down over 10% this morning, U.S.-China trade talks resume and the Federal Reserve decided to cut its benchmark interest rate again yesterday. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook U.S. Steel Shares Down on Earnings Guidance U.S. Steel announced it […]
This Morning in Metals: Thyssenkrupp Elevators, U.S. Steel Investment and Zinc Exploration
This morning in metals news, thyssenkrupp may have to sell its elevator business, U.S. Steel plans to move forward with investments at Gary Works despite idlings and a zinc exploration company filed a bankable feasibility study. Ups and Downs thyssenkrupp may have to sell its successful elevator business to save the German firm’s other segments, […]
This Morning in Metals: Steel Imports Down 10.6% Through July
This morning in metals news, U.S. imports of steel are down 10.6% for the first seven months of the year, U.S. Steel plans to idle its East Chicago plant, and China will raise tariffs on imports of copper scrap and aluminum scrap from the U.S. Need buying strategies for steel? Request your two-month free trial […]
This Morning in Metals: Layoffs Coming at U.S. Steel’s Great Lakes Works
This morning in metals news, U.S. Steel plans to lay off hundreds at its Great Lakes facility, miner BHP released its financial results for the fiscal year and copper prices pull back. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Layoffs Coming at U.S. Steel Plant A new round of […]
Report: U.S. Steel to Move Away from Spot Market-Based Sheet Steel Contracts in 2020
As metals buyers look to lock in their metals spend strategy, a reported decision by U.S. Steel could throw a wrench into some of those plans. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook According to a report by S&P Global Platts, the Pittsburgh-based steelmaker plans to move away from […]
This Morning in Metals: Asian Stocks Fall Ahead of Much-Anticipated Trump-Xi Meeting
This morning in metals news, stocks in Asia fell Tuesday, Chinese steel prices continued recent gains and U.S. Steel named a new chief information officer. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Asian Stocks Slide Shares in Asian companies fell Tuesday ahead of a meeting scheduled for later this […]
