Category: Company News

Week in Review: Stainless steel prices; Novelis-Aleris developments; SAIL looks to export markets

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: MetalMiner’s Stuart Burns on the latest developments in Novelis‘ acquisition of Aleris and the fate of the Lewisport mill. Stainless steel prices have showed some signs of upward momentum in China. Burns…

The post Week in Review: Stainless steel prices; Novelis-Aleris developments; SAIL looks to export markets appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner: MetalMiner’s Stuart Burns on the latest developments in Novelis‘ acquisition of Aleris and the fate of the Lewisport mill. Stainless steel prices have showed some signs of upward momentum in China. Burns...

The post Week in Review: Stainless steel prices; Novelis-Aleris developments; SAIL looks to export markets appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Cleveland-Cliffs to raise flat-rolled steel prices

This morning in metals news, Cleveland-Cliffs announced plans to increase its flat-rolled steel prices, China’s copper inventories have declined and the iron ore price moved up near $100 per ton Thursday. Cleveland-Cliffs to raise flat-rolled steel prices Cleveland-Cliffs, which this year acquired steelmaker AK Steel, plans to raise its prices for flat-rolled steel by at…

The post This Morning in Metals: Cleveland-Cliffs to raise flat-rolled steel prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news, Cleveland-Cliffs announced plans to increase its flat-rolled steel prices, China’s copper inventories have declined and the iron ore price moved up near $100 per ton Thursday. Cleveland-Cliffs to raise flat-rolled steel prices Cleveland-Cliffs, which this year acquired steelmaker AK Steel, plans to raise its prices for flat-rolled steel by at...

The post This Morning in Metals: Cleveland-Cliffs to raise flat-rolled steel prices appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

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…

The post This Morning in Metals: Aluminum Association reiterates support for Section 232 aluminum tariff exemptions appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

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...

The post This Morning in Metals: Aluminum Association reiterates support for Section 232 aluminum tariff exemptions appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Steel Authority of India Ltd. looks to export market as domestic demand drops

Once, it used to be a major supplier of steel for most of India’s domestic consumers. But with COVID-19 and its subsequent lockdowns and the almost overnight disappearance of the steel market, the public company Steel Authority of India Ltd (SAIL) finds itself painted into a corner. Now, it says, to counter the slowdown, SAIL…

The post Steel Authority of India Ltd. looks to export market as domestic demand drops appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Once, it used to be a major supplier of steel for most of India’s domestic consumers. But with COVID-19 and its subsequent lockdowns and the almost overnight disappearance of the steel market, the public company Steel Authority of India Ltd (SAIL) finds itself painted into a corner. Now, it says, to counter the slowdown, SAIL...

The post Steel Authority of India Ltd. looks to export market as domestic demand drops appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: U.S. steel capacity utilization hits 52.7% last week

This morning in metals news, the U.S. steel sector’s capacity utilization rate for the week ending May 16 hit 52.7%, U.S. Steel announced an iron ore sales agreement and the United States International Trade Commission (USITC) is holding a five-year sunset review of duties on oil country tubular goods from several countries. Looking for metal…

The post This Morning in Metals: U.S. steel capacity utilization hits 52.7% last week appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news, the U.S. steel sector’s capacity utilization rate for the week ending May 16 hit 52.7%, U.S. Steel announced an iron ore sales agreement and the United States International Trade Commission (USITC) is holding a five-year sunset review of duties on oil country tubular goods from several countries. Looking for metal...

The post This Morning in Metals: U.S. steel capacity utilization hits 52.7% last week appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: EIA estimates fuel inventory to build by 11.5M b/d in Q2

This morning in metals news, the Energy Information Administration (EIA) released fuel inventory build projections for Q2, Mexico is preparing to ease its coronavirus restrictions and the U.S. recently announced a move targeting China’s Huawei’s. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! EIA forecasts inventory…

The post This Morning in Metals: EIA estimates fuel inventory to build by 11.5M b/d in Q2 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news, the Energy Information Administration (EIA) released fuel inventory build projections for Q2, Mexico is preparing to ease its coronavirus restrictions and the U.S. recently announced a move targeting China’s Huawei’s. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! EIA forecasts inventory...

The post This Morning in Metals: EIA estimates fuel inventory to build by 11.5M b/d in Q2 appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Novelis loses Lewisport in approval of Aleris deal

It was never going to be a straightforward take over. India’s Aditya Birla Group as the owner of Hindalco — and, therefore, Novelis — cemented its position as the world’s largest producer of value-added aluminium products with the completion of the USD 2.8 billion acquisition of Aleris last year. However, approval from the U.S. Justice…

The post Novelis loses Lewisport in approval of Aleris deal appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

It was never going to be a straightforward take over. India’s Aditya Birla Group as the owner of Hindalco — and, therefore, Novelis — cemented its position as the world’s largest producer of value-added aluminium products with the completion of the USD 2.8 billion acquisition of Aleris last year. However, approval from the U.S. Justice...

The post Novelis loses Lewisport in approval of Aleris deal appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: LME copper surges to start the week

This morning in metals news, the copper price jumped Monday, Germany’s Thyssenkrupp is reportedly in talks to consolidate its loss-making steel business and the Oyu Tolgoi copper-gold mine needs $1.5 billion in capital costs. Copper prices make gains to start the week LME copper Monday jumped as much as 2.7%, Reuters reported, buoyed by the…

The post This Morning in Metals: LME copper surges to start the week appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news, the copper price jumped Monday, Germany’s Thyssenkrupp is reportedly in talks to consolidate its loss-making steel business and the Oyu Tolgoi copper-gold mine needs $1.5 billion in capital costs. Copper prices make gains to start the week LME copper Monday jumped as much as 2.7%, Reuters reported, buoyed by the...

The post This Morning in Metals: LME copper surges to start the week appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Week in Review: Aluminum tariffs; oil prices; Indian iron ore exports

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of: copper prices, the automotive sector’s push to restart production, oil prices and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights…

The post Week in Review: Aluminum tariffs; oil prices; Indian iron ore exports appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Before we head into the weekend, let’s take a look back at the week that was and the metals storylines here on MetalMiner, including coverage of: copper prices, the automotive sector’s push to restart production, oil prices and more. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights...

The post Week in Review: Aluminum tariffs; oil prices; Indian iron ore exports appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Copper headed for weekly price drop

This morning in metals news, copper prices were up Friday but expected to be down for the week, Rusal says the aluminum market recovery could stretch into next year and JW Aluminum’s CEO weighed in on potential impacts of the COVID-19 pandemic on U.S. businesses’ sourcing strategy. Looking for metal price forecasting and data analysis…

The post This Morning in Metals: Copper headed for weekly price drop appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news, copper prices were up Friday but expected to be down for the week, Rusal says the aluminum market recovery could stretch into next year and JW Aluminum’s CEO weighed in on potential impacts of the COVID-19 pandemic on U.S. businesses’ sourcing strategy. Looking for metal price forecasting and data analysis...

The post This Morning in Metals: Copper headed for weekly price drop appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.