Category: ArcelorMittal

This Morning in Metals: ArcelorMittal, Nippon Steel to build EAF at Alabama plant

This morning in metals news: ArcelorMittal announced plans to build an electric arc furnace at its joint venture steelmaking facility in Calvert, Alabama; the state of Alabama is kicking in some incentives for the project; and China churned out a recor…

This morning in metals news: ArcelorMittal announced plans to build an electric arc furnace at its joint venture steelmaking facility in Calvert, Alabama; the state of Alabama is kicking in some incentives for the project; and China churned out a record amount of crude steel in July. Stop obsessing about the actual forecasted steel price....

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Despite COVD-19 fallout, some Indian steel executives see signs for optimism

Although domestic demand has been hit hard in India, CEOs of Indian steelmakers see signs for optimism.
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Although domestic demand has been hit hard in India, CEOs of Indian steelmakers see signs for optimism.

The post Despite COVD-19 fallout, some Indian steel executives see signs for optimism appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: ArcelorMittal to lay off nearly 900 at East Chicago plant

This morning in metals news: ArcelorMittal cited market deterioration in its decision to lay off nearly 900 workers at its plant in East Chicago; Rio Tinto is investing an additional $200 million in its lithium-borate project in Serbia; and the U.S. De…

This morning in metals news: ArcelorMittal cited market deterioration in its decision to lay off nearly 900 workers at its plant in East Chicago; Rio Tinto is investing an additional $200 million in its lithium-borate project in Serbia; and the U.S. Department of Commerce has launched antidumping and countervailing subsidy probes related to metal lockers...

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This Morning in Metals: Core markets ‘showing signs of recovery,’ ArcelorMittal says

Steelmaker ArcelorMittal says its core markets have exhibited some signs of recovery.

The post This Morning in Metals: Core markets ‘showing signs of recovery,’ ArcelorMittal says appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Steelmaker ArcelorMittal says its core markets have exhibited some signs of recovery.

The post This Morning in Metals: Core markets ‘showing signs of recovery,’ ArcelorMittal says appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

ArcelorMittal lays out its Green Deal for Europe

The European Union (E.U.) always knew it would be a herculean undertaking for Europe to achieve net-zero emissions by 2050. Never mind that the goal is poorly defined. Technically, planting a billion trees but changing nothing else would probably achieve net-zero emissions, as the trees would offset all other pollution — but that’s not really…

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The European Union (E.U.) always knew it would be a herculean undertaking for Europe to achieve net-zero emissions by 2050. Never mind that the goal is poorly defined. Technically, planting a billion trees but changing nothing else would probably achieve net-zero emissions, as the trees would offset all other pollution — but that’s not really...

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This Morning in Metals: Supreme Court rejects Section 232 challenge

This morning in metals news, the U.S. Supreme Court has rejected a challenge to the Trump administration’s Section 232 tariffs on steel, British MPs are calling for government assistance for the British steel industry and ArcelorMittal is reportedly considering the sale of some of its Canadian iron ore assets. Supreme Court rejects challenge to Section…

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This morning in metals news, the U.S. Supreme Court has rejected a challenge to the Trump administration’s Section 232 tariffs on steel, British MPs are calling for government assistance for the British steel industry and ArcelorMittal is reportedly considering the sale of some of its Canadian iron ore assets. Supreme Court rejects challenge to Section...

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This Morning in Metals: Union workers at Ilva steel plant to go on strike over reported job cuts plan

This morning in metals news, workers at Italy’s Ilva steel plant will go on strike to protest a reported job cuts plan by plant owner ArcelorMittal, Alcoa has begun to lay off workers at its Ferndale, Washington aluminum smelter and President Donald Trump renewed a previous threat to impose tariffs on automobiles imported from the…

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This morning in metals news, workers at Italy’s Ilva steel plant will go on strike to protest a reported job cuts plan by plant owner ArcelorMittal, Alcoa has begun to lay off workers at its Ferndale, Washington aluminum smelter and President Donald Trump renewed a previous threat to impose tariffs on automobiles imported from the...

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This Morning in Metals: Aluminum Association reiterates support for Section 232 aluminum tariff exemptions

This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75…

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This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75...

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Raw Steels MMI: Steel sector eyes demand pickup as automakers prepares to restart production

The Raw Steels Monthly Metals Index (MMI) held flat this month. Steel production suspensions continue amid COVID-19 crisis The steel sector has taken a major hit as a result of the COVID-19 crisis, with firms adjusting for lighter order books and deman…

The Raw Steels Monthly Metals Index (MMI) held flat this month. Steel production suspensions continue amid COVID-19 crisis The steel sector has taken a major hit as a result of the COVID-19 crisis, with firms adjusting for lighter order books and demand and, in many cases, opting to suspend production. Looking for metal price forecasting...

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ArcelorMittal reports Q1 net loss of $1.1B, suspends dividend payments

Steelmaker ArcelorMittal late last week released its Q1 2020 financial results, reporting a net loss of $1.1 billion amid challenges stemming from the COVID-19 crisis. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “There are still too many uncertainties to accurately predict what the rest of…

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Steelmaker ArcelorMittal late last week released its Q1 2020 financial results, reporting a net loss of $1.1 billion amid challenges stemming from the COVID-19 crisis. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “There are still too many uncertainties to accurately predict what the rest of...

The post ArcelorMittal reports Q1 net loss of $1.1B, suspends dividend payments appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.