This Morning in Metals: Cleveland-Cliffs reports soaring Q1 steelmaking revenues

This morning in metals news: Cleveland-Cliffs reported Q1 steelmaking revenues of $3.9 billion; meanwhile, Novelis added ASI certification for seven more European aluminum manufacturing sites; and, lastly, Tata Steel is suing Liberty Steel over what it says are unpaid debts. With volatile steel markets, knowing which strategy to execute and when can make all the difference…

The post This Morning in Metals: Cleveland-Cliffs reports soaring Q1 steelmaking revenues appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: Cleveland-Cliffs reported Q1 steelmaking revenues of $3.9 billion; meanwhile, Novelis added ASI certification for seven more European aluminum manufacturing sites; and, lastly, Tata Steel is suing Liberty Steel over what it says are unpaid debts. With volatile steel markets, knowing which strategy to execute and when can make all the difference...

The post This Morning in Metals: Cleveland-Cliffs reports soaring Q1 steelmaking revenues appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Rio Tinto joins Japan’s Green Value Chain Platform Network

This morning in metals news: miner Rio Tinto joined an effort in Japan promoting decarbonization transparency; the Nikkei Review reported automaker Nissan plans to use cobalt-free electric vehicle batteries by mid-decade; and British Prime Minister Boris Johnson weighed in on the Liberty Steel crisis. The MetalMiner Best Practice Library offers a wealth of knowledge and…

The post This Morning in Metals: Rio Tinto joins Japan’s Green Value Chain Platform Network appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: miner Rio Tinto joined an effort in Japan promoting decarbonization transparency; the Nikkei Review reported automaker Nissan plans to use cobalt-free electric vehicle batteries by mid-decade; and British Prime Minister Boris Johnson weighed in on the Liberty Steel crisis. The MetalMiner Best Practice Library offers a wealth of knowledge and...

The post This Morning in Metals: Rio Tinto joins Japan’s Green Value Chain Platform Network appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

UK’s Liberty Steel stares into the abyss

We have written before about Sanjeev Gupta’s GFG Alliance, sometimes as a result of its subsidiary Liberty Steel’s purchase of yet another (usually loss-making) steel asset. We have also covered its foray into alternative metals, such as GFG’s purchase of Rio Tinto’s aluminum smelter at Dunkirk in 2018. GFG has been admired by many for…

The post UK’s Liberty Steel stares into the abyss appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

We have written before about Sanjeev Gupta’s GFG Alliance, sometimes as a result of its subsidiary Liberty Steel’s purchase of yet another (usually loss-making) steel asset. We have also covered its foray into alternative metals, such as GFG’s purchase of Rio Tinto’s aluminum smelter at Dunkirk in 2018. GFG has been admired by many for...

The post UK’s Liberty Steel stares into the abyss appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Workers go on strike at Kansas steel manufacturing plant

This morning in metals news: workers went on strike at the Bradken plant in Atchison, Kansas, last week; Liberty Steel has asked for a massive government bailout in the UK; and, lastly, the copper price retraced last week. The MetalMiner Best Practice …

This morning in metals news: workers went on strike at the Bradken plant in Atchison, Kansas, last week; Liberty Steel has asked for a massive government bailout in the UK; and, lastly, the copper price retraced last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on...

The post This Morning in Metals: Workers go on strike at Kansas steel manufacturing plant appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Ford to temporarily idle production of F-150 at Dearborn plant

This morning in metals news: Ford Motor Co. will idle production of its F-150 truck at its Dearborn plant until Sunday; the blockage of the Suez Canal by container vessel Ever Given is having a massive impact on global trade; and, lastly, the UK govern…

This morning in metals news: Ford Motor Co. will idle production of its F-150 truck at its Dearborn plant until Sunday; the blockage of the Suez Canal by container vessel Ever Given is having a massive impact on global trade; and, lastly, the UK government is looking at all options to prevent the collapse of...

The post This Morning in Metals: Ford to temporarily idle production of F-150 at Dearborn plant appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

GFG Alliance, Liberty Steel financial position under scrutiny

The media loves stories of the rise of underdogs, of entrepreneurial spirit and corporate derring-do — so has been the story of Sanjeev Gupta and the meteoric expansion of his GFG Alliance in recent years. That rise has almost defied the gravity of conventional business in a string of acquisitions, often of defaulting or bankrupt entities,…

The post GFG Alliance, Liberty Steel financial position under scrutiny appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

The media loves stories of the rise of underdogs, of entrepreneurial spirit and corporate derring-do — so has been the story of Sanjeev Gupta and the meteoric expansion of his GFG Alliance in recent years. That rise has almost defied the gravity of conventional business in a string of acquisitions, often of defaulting or bankrupt entities,...

The post GFG Alliance, Liberty Steel financial position under scrutiny appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

ThyssenKrupp ends talks with Liberty Steel over potential steel unit takeover

ThyssenKrupp has ended discussions with London-based Liberty Steel over the potential sale of the German conglomerate’s steel unit. The parent company made the announcement Wednesday evening, Feb. 17. “We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart,” ThyssenKrupp Chief…

The post ThyssenKrupp ends talks with Liberty Steel over potential steel unit takeover appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

ThyssenKrupp has ended discussions with London-based Liberty Steel over the potential sale of the German conglomerate’s steel unit. The parent company made the announcement Wednesday evening, Feb. 17. “We opened the door for negotiations, but in the end our ideas about the corporate value and the structure of the transaction were far apart,” ThyssenKrupp Chief...

The post ThyssenKrupp ends talks with Liberty Steel over potential steel unit takeover appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Germany’s ThyssenKrupp mulls steel division spinoff

German steelmaker ThyssenKrupp must be desperate to get rid of its steel business. The steelmaker makes a great range of products of world-class quality. The brand has undeniable strength as a result. However, it has not and cannot make money from it. ThyssenKrupp steel division posts losses The ThyssenKrupp steel division lost money last year….

The post Germany’s ThyssenKrupp mulls steel division spinoff appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

German steelmaker ThyssenKrupp must be desperate to get rid of its steel business. The steelmaker makes a great range of products of world-class quality. The brand has undeniable strength as a result. However, it has not and cannot make money from it. ThyssenKrupp steel division posts losses The ThyssenKrupp steel division lost money last year....

The post Germany’s ThyssenKrupp mulls steel division spinoff appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This Morning in Metals: Liberty Steel to make over 100 layoffs at Georgetown steel mill

This morning in metals news: Liberty Steel will make over 100 layoffs at its Georgetown steel mill; U.S. energy-related carbon dioxide emissions fell in 2019; and, lastly, a new airport has opened at Rio Tinto’s Gudai-Darri mine. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how…

The post This Morning in Metals: Liberty Steel to make over 100 layoffs at Georgetown steel mill appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: Liberty Steel will make over 100 layoffs at its Georgetown steel mill; U.S. energy-related carbon dioxide emissions fell in 2019; and, lastly, a new airport has opened at Rio Tinto’s Gudai-Darri mine. We’re offering timely emails with exclusive analyst commentary and some best practice advice – and you choose how...

The post This Morning in Metals: Liberty Steel to make over 100 layoffs at Georgetown steel mill appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Liberty Steel pushes for the big league with Thyssenkrupp offer

Sanjeev Gupta’s GFG Alliance and, in particular, its steel and aluminum subsidiary Liberty Steel, is rarely out of the news, it seems. The firm’s insatiable appetite for bankrupt or struggling metals assets has the market split. One the one hand, boosters are cheering its entrepreneurial spirit. On the other, naysayers are questioning the opaque funding…

The post Liberty Steel pushes for the big league with Thyssenkrupp offer appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

Sanjeev Gupta’s GFG Alliance and, in particular, its steel and aluminum subsidiary Liberty Steel, is rarely out of the news, it seems. The firm’s insatiable appetite for bankrupt or struggling metals assets has the market split. One the one hand, boosters are cheering its entrepreneurial spirit. On the other, naysayers are questioning the opaque funding...

The post Liberty Steel pushes for the big league with Thyssenkrupp offer appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.