Category: U.S. Steel

This Morning in Metals: USTR releases annual WTO compliance report for China, Russia

This morning in metals news: the United States Trade Representative released its annually mandated report covering the WTO rules compliance of China and Russia; U.S. Steel officially closed on its acquisition of the remaining equity of Big River Steel;…

This morning in metals news: the United States Trade Representative released its annually mandated report covering the WTO rules compliance of China and Russia; U.S. Steel officially closed on its acquisition of the remaining equity of Big River Steel; and the Pilbara Ports Authority earlier this month reported shipping data for December. USTR releases annual...

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This Morning in Metals: U.S. Steel sells Keystone Industrial Port Complex for $160M

This morning in metals news: U.S. Steel sold the Keystone Industrial Port Complex for $160 million; ArcelorMittal and Nippon Steel will build a new electric arc furnace at their joint venture in Alabama; and, finally, the aluminum price has retraced sl…

This morning in metals news: U.S. Steel sold the Keystone Industrial Port Complex for $160 million; ArcelorMittal and Nippon Steel will build a new electric arc furnace at their joint venture in Alabama; and, finally, the aluminum price has retraced slightly in December. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what...

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This Morning in Metals: U.S. Steel releases Q4 2020 guidance

This morning in metals news: U.S. Steel announced its Q4 2020 guidance; the Bureau of Labor Statistics released its November employment summary; and the copper price continues to surge. Cut-to-length adders. Width and gauge adders. Coatings. Feel confi…

This morning in metals news: U.S. Steel announced its Q4 2020 guidance; the Bureau of Labor Statistics released its November employment summary; and the copper price continues to surge. Cut-to-length adders. Width and gauge adders. Coatings. Feel confident in knowing what you should be paying for metal with MetalMiner should-cost models. U.S. Steel releases Q4...

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This Morning in Metals: U.S. Steel to acquire remaining equity of Big River Steel for $774 million

This morning in metals news: U.S. Steel today announced it will acquire the remaining equity of Big River Steel for $774 million; meanwhile, the U.S. steel sector’s capacity utilization rate for the week ended Dec. 5 reached 71.4%; and, finally, the Aluminum Association recently penned a letter to Secretary of Commerce Wilbur Ross criticizing the…

The post This Morning in Metals: U.S. Steel to acquire remaining equity of Big River Steel for $774 million appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

This morning in metals news: U.S. Steel today announced it will acquire the remaining equity of Big River Steel for $774 million; meanwhile, the U.S. steel sector’s capacity utilization rate for the week ended Dec. 5 reached 71.4%; and, finally, the Aluminum Association recently penned a letter to Secretary of Commerce Wilbur Ross criticizing the...

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European steel review, Part 1: Central, Eastern Europe offer mixed picture

(Editor’s Note: This is the first of a two-part review of the European steel sector.) While steelmakers east of Berlin are working to meet rising demand, others are facing myriad technical and regulatory challenges. Those challenges include a global pandemic that has severely impacted economies, industry watchers and market participants told MetalMiner. Sign up today…

The post European steel review, Part 1: Central, Eastern Europe offer mixed picture appeared first on Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner.

(Editor’s Note: This is the first of a two-part review of the European steel sector.) While steelmakers east of Berlin are working to meet rising demand, others are facing myriad technical and regulatory challenges. Those challenges include a global pandemic that has severely impacted economies, industry watchers and market participants told MetalMiner. Sign up today...

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This Morning in Metals: U.S. Steel announces startup of EAF in Alabama

This morning in metals news: U.S. Steel on Monday announced the startup of a new electric arc furnace (EAF) in Fairfield, Alabama; WTI crude dipped below $39 per barrel; and the International Aluminum Institute released global alumina production data. …

This morning in metals news: U.S. Steel on Monday announced the startup of a new electric arc furnace (EAF) in Fairfield, Alabama; WTI crude dipped below $39 per barrel; and the International Aluminum Institute released global alumina production data. The MetalMiner 2021 Annual Outlook consolidates our 12-month view and provides buying organizations with a complete...

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This Morning in Metals: Job openings unchanged in August

This morning in metals news: the number of U.S. job openings showed little movement in August, the Bureau of Labor Statistics reported; U.S. Steel’s Keetac mine remains closed; and winter heating bills are likely to be a little higher than last year’s, per the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month…

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This morning in metals news: the number of U.S. job openings showed little movement in August, the Bureau of Labor Statistics reported; U.S. Steel’s Keetac mine remains closed; and winter heating bills are likely to be a little higher than last year’s, per the Energy Information Administration. The MetalMiner 2021 Annual Outlook consolidates our 12-month...

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This Morning in Metals: U.S. Steel’s Q3 guidance features $100M loss

This morning in metals news: U.S. Steel’s Q3 guidance included a $100 million loss despite improving conditions; the United States International Trade Commission (USITC) made a sunset review determination related to kitchen appliance shelving and racks; and a subsidiary of Norsk Hydro entered into a contract with Spanish aluminum company Alu Iberica. We’re offering timely…

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This morning in metals news: U.S. Steel’s Q3 guidance included a $100 million loss despite improving conditions; the United States International Trade Commission (USITC) made a sunset review determination related to kitchen appliance shelving and racks; and a subsidiary of Norsk Hydro entered into a contract with Spanish aluminum company Alu Iberica. We’re offering timely...

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This Morning in Metals: U.S. steel prices rise

This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you.  Steel prices rise U.S. steel prices are on the rise, but…

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This morning in metals news: steel prices have been making gains; the WTI crude price moved up; and Vale plans to increase its iron ore output. Upcoming negotiation on your steel buy? Make sure you know how your service centers will negotiate with you.  Steel prices rise U.S. steel prices are on the rise, but...

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This Morning in Metals: U.S. Steel reports Q2 net loss of $589M

This morning in metals news: U.S. Steel released its second-quarter earnings results; Nucor Corporation also reported its own financial earnings; and the Federal Reserve opted to maintain its federal funds rate. U.S. Steel posts Q2 results U.S. Steel, …

This morning in metals news: U.S. Steel released its second-quarter earnings results; Nucor Corporation also reported its own financial earnings; and the Federal Reserve opted to maintain its federal funds rate. U.S. Steel posts Q2 results U.S. Steel, like other steelmakers, struggled in the second quarter, recording a net loss of $589 million. Metal prices...

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