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Current News Search

Metal News & Reports (GMT)

    • NEWS | 03 Sep 15:30
    • US steel imports drop in August
    • Houston, 3 September (Argus) — Applications for US steel imports fell by 9pc in August from the prior month and were down for the year-to-date period, partly reflecting decreased imports from China. Applications totaled 3mn net tons (2.7mn metric tonnes) in August, compared with 3.32mn
    • Read more
    • NEWS | 03 Sep 14:42
    • DJ Gold Prices Fall on Stronger Dollar, Fed Rate Expectations
    • By Katherine Dunn Gold prices fell on Thursday as a stronger dollar and anticipation of U.S. employment data damped investor interest in the hard asset. The most actively traded contract, for December delivery, recently was down $6.10, or 0.5%, at $1,127.50 a troy ounce on the Comex divis
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    • NEWS | 03 Sep 14:35
    • DJ Comex Futures Open Interest
    • DJ Comex Futures Open Interest - Sep 3 Data for previous business day. Open Interest subject to revision. Source: CME Group Gold Open Open Interest Change Silver Interest Change GC U15 190 -7 SI U15 1,241
    • Read more
    • NEWS | 03 Sep 14:34
    • Codelco starts new talks in contract dispute
    • Sao Paulo, 3 September (Argus) — Chilean state-controlled copper-molybdenum producer Codelco has started fresh talks with contractors in a dispute over pay and conditions. Contractors in Chile yesterday discussed their demands with unions and other representatives, with another meeting
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    • NEWS | 03 Sep 14:27
    • Canada Rare Earths buys affliate REC
    • London, 3 September (Argus) — Vancouver-based miner Canada Rare Earth Corp has bought affiliated company CEC Rare Earth Corp (REC) in a move to boost its technical processing and refining abilities. As part of the acquisition, REC's management will be engaged as consultants to Canada Ra
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    • NEWS | 03 Sep 14:20
    • DJ ISM Nonmanufacturing Index Slips in August
    • The U.S. service sector expanded at a slower pace in August but continues to grow at a solid rate, a sign of strength for the domestic economy. The Institute for Supply Management's nonmanufacturing purchasing managers index fell to 59.0 in August from 60.3 in July. The July figure was the high
    • Read more
    • NEWS | 03 Sep 14:05
    • DJ Canada's Trade Deficit Narrows in July
    • OTTAWA #8212;Canada's trade deficit narrowed in July, beating expectations and bolstering hopes the economy is improving after a weak first half of the year. Canada posted a trade deficit of 593 million Canadian dollars ($447 million), compared with a revised C$811 million deficit in June, Stat
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    • NEWS | 03 Sep 06:12
    • Marubeni to join Chilean copper mining project
    • Tokyo, 3 September (Argus) — Japanese trading house Marubeni is joining a project to develop a new copper mine in Chile though a joint venture with domestic mining company Antofagasta. Marubeni and Antofagasta have agreed to develop the Encuentro copper deposit in the Centinela mining
    • Read more
    • NEWS | 02 Sep 22:09
    • TMK-Ipsco to idle Iowa pipe plant
    • Houston, 2 September (Argus) — TMK-Ipsco plans to idle its Camanche, Iowa, steel pipe-making plant at the end of September in response to falling crude and natural gas prices. The company said 43 people at the pipe-making plant were informed they will be laid off. "The continued declin
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    • NEWS | 02 Sep 21:48
    • Vale nickel operations in Onça Puma set to resume
    • Sao Paulo, 2 September (Argus) — Mining company Vale says it has obtained an injunction lifting the suspension of operations at its Onça Puma nickel mine in Brazil's northern Pará state. Vale filed an immediate appeal 17 August against a federal court decision to halt production. The co
    • Read more
    • NEWS | 02 Sep 19:41
    • Ball Corp to expand operations following tax break
    • New York, 2 September (Argus) — US beverage can maker Ball Corp is set to expand operations in Canton, Ohio, after state officials approved a tax credit on 100 jobs it plans to add at the facility. The Broomfield, Colorado-based company is planning a $32mn project to expand and install
    • Read more
    • NEWS | 02 Sep 19:00
    • Mexico opens dumping probe of Chinese wire rod
    • Houston, 2 September (Argus) — Mexico will launch an anti-dumping investigation into steel wire rod imports from China, its latest move in an effort to crack down on unfairly traded steel imports to shore up its struggling steel industry. The economy ministry said there was "sufficient
    • Read more
    • NEWS | 02 Sep 17:32
    • Sage Sustainable acquires Hugo Neu Recycling
    • Houston, 2 September (Argus) — US-based Sage Sustainable Electronics has reached an agreement to acquire Hugo Neu Recycling, an electronics recycler and subsidiary of Hugo Neu. The move will "eliminate the trade-offs in value and sustainability that typify our industry," Sage, , an IT a
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    • NEWS | 02 Sep 17:11
    • Chile's molybdenum production rises in July
    • Sao Paulo, 2 September (Argus) — Chilean molybdenum concentrate output totalled 4,600t in July, up by 17.2pc from a year earlier, figures from the national statistics institute (INE) show. But production was 4pc lower on the month. Output in January-July stood at 28,100t, up by 1.9pc ye
    • Read more
    • NEWS | 02 Sep 16:47
    • US Steel plans to move high-margin Canadian output
    • Houston, 2 September (Argus) — US Steel plans to move output of its highest-value steel from its US Steel Canada subsidiary, which is in a restructuring process, back to the US, representing about a quarter of output at its steel finishing facilities at the Hamilton Works, in Ontario. "
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    • NEWS | 02 Sep 16:44
    • US, Canadian aluminum shipments fall in July
    • Washington, 2 September (Argus) — US and Canadian producers shipped less aluminum in July, as US smelters in particular felt the pinch of a stronger dollar, limiting their international competitiveness and encouraging imports from countries with weaker currencies and lower costs. US an
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    • NEWS | 02 Sep 16:24
    • US, Canadian aluminium shipments fall in July
    • Washington, 2 September (Argus) — US and Canadian producers shipped less aluminium in July, as US smelters in particular felt the pinch of a stronger dollar, limiting their international competitiveness and encouraging imports from countries with weaker currencies and lower costs. US a
    • Read more
    • NEWS | 01 Sep 22:11
    • Codelco contractors demand deal overhaul
    • Sao Paulo, 1 September (Argus) — Codelco, Chile's state-controlled copper-molybdenum producer is facing calls for a line by line revision of an agreement dating from 2007 relating to contractors' pay and conditions. It follows the collapse of talks last week between Codelco and the Conf
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    • NEWS | 01 Sep 22:06
    • Freeport production cut at El Abra faces union ire
    • Sao Paulo, 1 September (Argus) — Freeport McMoRan is facing calls for talks from Chile's Confederation of Copper Workers Union (CTC) following an announcement that the company will cut production at its El Abra mine by 50pc. The mine produced 367mn lbs of copper in 2014. El Abra, one of
    • Read more
    • NEWS | 01 Sep 20:21
    • US auto sales rise to 17.8mn annual pace
    • Houston, 1 September (Argus) — US light vehicle sales rose to a 17.8mn seasonally adjusted annualized pace in August, marking a fourth consecutive month above 17mn, as cheap gasoline prices, steady job growth and easy access to credit spur purchases. Light vehicle sales rose from a 17.5
    • Read more
    • COMMENTARY | 01 Sep 17:50
    • Latin American imports of Chinese steel grow
    • Houston, 1 September (Argus) — Latin America's imports of finished steel from China grew by 6pc to 5mn metric tonnes in the first seven months of the year compared with the same period last year, led by gains to Argentina and Venezuela. The Latin American Steel Association, known as Ala
    • Read more
    • COMMENTARY | 01 Sep 17:50
    • Latam metcoal: Imports of Chinese steel grow
    • Houston, 1 September (Argus) — Latin America's imports of finished steel from China grew by 6pc to 5mn metric tonnes in the first seven months of the year compared with the same period last year, led by gains to Argentina and Venezuela. The Latin American Steel Association, known as Ala
    • Read more
    • NEWS | 01 Sep 16:56
    • Turkey lifts imports of US scrap
    • London, 1 September (Argus) — Turkish imports of US-origin scrap rose by 48.8pc on the month to 436,000t in July, Turkish statistics agency TUIK said . The steep increase was driven by a sharp drop in prices, with two US sellers reducing their export offers by over $20/t between the beg
    • Read more
    • ANALYSIS | 01 Sep 15:38
    • Molybdenum producers cut output on low prices
    • London, 1 September (Argus) — Sustained downward pressure on molybdenum prices in the past year has resulted in producers reducing or halting output, second-quarter production figures show, while some mining projects are pushing back their timetables. Amerigo Resources in Chile and Thom
    • Read more
    • NEWS | 01 Sep 14:22
    • Steelworkers keep negotiating as contract expires
    • Houston, 1 September (Argus) — The United Steelworkers union (USW) extended an offer to US Steel to continue working under the terms of the existing labor agreement that expires today while the two sides keep negotiating over a new contract. "As long as we continue to be engaged with ma
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    • NEWS | 31 Aug 20:37
    • US raw steel output falls 11.8pc on year
    • Houston, 31 August (Argus) — US raw steel production fell by 11.8pc to 1.7mn net tons (1.54mn metric tonnes) in the week ended 29 August, compared with the same week last year, when output was at 1.93mn nt, the American Iron and Steel Association said. This followed a smaller fall in t
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    • NEWS | 31 Aug 17:45
    • Canada opens steel dumping probes of China
    • Houston, 31 August (Argus) — The Canada Border Services Agency (CBSA) launched investigations into the alleged dumping and subsidizing of certain carbon and alloy steel line pipe exported from China, much of it used by the oil and gas industry. The probe, launched 28 August, follow a co
    • Read more
    • NEWS | 28 Aug 22:45
    • Asarco to cut copper output in Arizona
    • Houston, 28 August (Argus) — US-based copper producer Asarco plans to shut down its Hayden concentrator and reduce output at its Ray mine in Arizona in order to reduce costs and maintain reserves in the current low-cost environment. The company, a wholly owned subsidiary of the Grupo Me
    • Read more
    • COMMENTARY | 28 Aug 21:54
    • This Week in Metals: 24-28 August
    • 28 August (Argus) — Concerns of a quickening economic slowdown in China helped trigger a global equity-market selloff, climaxing in "Black Monday" on 24 August, which spawned fears of more commodity and currency volatility and slowing global growth. While the market calmed towards the en
    • Read more
    • NEWS | 28 Aug 21:54
    • Steelworkers stay at table with ArcelorMittal
    • Houston, 28 August (Argus) — United Steelworker (USW) union negotiators plan to keep negotiating towards an agreement with steelmaker ArcelorMittal USA rather than seek strike authorization from members ahead of the 1 September expiration of the current contract. "As long as we are enga
    • Read more
    • NEWS | 28 Aug 17:01
    • Codelco's first-half molybdenum output falls
    • Sao Paulo, 28 August (Argus) — Chilean state-controlled mining firm Codelco's molybdenum output fell to 14,000t in the first half, down by 12.5pc on the year. The lower output was expected as company engineers shifted their focus to parts of Codelco's mines that have lower-grade ores. M
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    • NEWS | 28 Aug 11:22
    • Codelco talks collapse
    • London, 28 August (Argus) — Talks aimed at resolving a subcontractors' dispute over pay and conditions at Chilean state-controlled mining firm Codelco's copper operations have collapsed, with the company and trade union federation CTC blaming each other. Discussions aimed at resolving t
    • Read more
    • NEWS | 27 Aug 23:35
    • Icahn takes activist stake in Freeport-McMoRan
    • Houston, 27 August (Argus) — Investor Carl Icahn disclosed today he had acquired an 8.5pc stake for about $703mn in US-based resource and mining company Freeport-McMoRan. Icahn he aims to use his role as the largest shareholder in the company to make changes, including cutting higher-cos
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    • NEWS | 27 Aug 22:18
    • Essar Steel Algoma shipments rise amid low prices
    • Pitsburg, Kansas, 27 August (Argus) — Essar Steel Algoma shipments increased by 19pc to 632,000 short tons (573,341t) in the quarter ended 30 June as compared to the same period a year ago. The higher shipments in the first quarter of the company's fiscal year were not sufficient to cou
    • Read more
    • NEWS | 27 Aug 22:10
    • Evraz North America steel sales drop
    • Houston, 27 August (Argus) — Russia-based Evraz group's North America operations sold 8.4pc less steel in the first half of 2015 than the same period last year. The sales decline was led by a 21.5pc drop in tubular products reflecting weak oil and natural gas prices and production curt
    • Read more
    • NEWS | 27 Aug 19:13
    • Sapa adds extrusion presses in midwest
    • Pitsburg, Kansas, 27 August (Argus) — Norwegian aluminum extrusions and tubing producer Sapa has moved two extrusion presses from other facilities to plants in Yankton, South Dakota, and Elkhart, Indiana. The presses are expected to begin supplying customers later this year. The Sapa Ex
    • Read more
    • NEWS | 27 Aug 16:39
    • Freeport cuts Henderson molybdenum output forecast
    • Sao Paulo, 27 August (Argus) — US-based mining company Freeport McMoran has cut its molybdenum production forecast for 2015 at the Henderson mine in the US state of Colorado following a review of operations in response to low prices. The company now expects the mine to produce 17.8mn lb
    • Read more
    • NEWS | 27 Aug 16:05
    • USW plans more marches at US Steel, ArcelorMittal
    • Houston, 27 August (Argus) — The United Steelworkers union is planning "massive solidarity events" to mark the 1 September expiration of current contracts at the US Steel and ArcelorMittal USA headquarters in Pennsylvania and Indiana, as negotiations continue on new contracts with the tw
    • Read more
    • NEWS | 27 Aug 15:26
    • GSM starts booking 2016 silicon contract business
    • New York, 27 August (Argus) — US silicon metal producer Globe Specialty Metals (GSM) has already started booking silicon metal contract business for next year, the company said. Contract negotiations are usually settled during the autumn, but the company said it had already secured sili
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    • ANALYSIS | 27 Aug 14:03
    • Nickel producers struggle against falling prices
    • London, 27 August (Argus) — The continuing decline in base metal prices has resulted in a further fall in global nickel prices in recent days, putting producers' operating margins under further pressure at a time of already limited demand. Macroeconomic concerns over the growth of major
    • Read more
    • NEWS | 26 Aug 21:28
    • Extruded aluminum product shipments fall in July
    • Houston, 26 August (Argus) — US and Canadian aluminum extruded products shipments declined by 1pc to 440.8mn lbs in July from the prior month but were up year to date. Extruded products shipments fell from a revised 445.3mn lbs in June, the Aluminum Association said. Extruded products s
    • Read more
    • NEWS | 26 Aug 18:05
    • Brazil vanadium mine sets production record
    • Sao Paulo, 26 August (Argus) — Canada's Largo Resources says it has achieved two vanadium pentoxide production records over consecutive days at its Maracas Menchen mine in Brazil's northeast Bahia state. The company followed a new daily production record on 23 August of 27t, representin
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    • NEWS | 26 Aug 17:17
    • Mexico’s Ahmsa to idle new electric arc furnace
    • Mexico's Ahmsa to idle new electric arc furnace Houston, 26 August (Argus) — Mexican steel producer Altos Hornos de Mexico (Ahmsa) plans to idle its electric arc furnace in the last quarter of the year in reaction to the slow market, industry and company sources said. Ahmsa in May began
    • Read more
    • NEWS | 26 Aug 16:15
    • Chinese REE exports edge up in July
    • Beijing, 26 August (Argus) — China exported a total of 3,658t of rare earth elements (REEs) in July, up by 14pc on the year, according to official customs data, as a result of falling spot prices. China exported a total of 17,539t of REEs in the first seven months of 2015, up by 10pc c
    • Read more
    • NEWS | 26 Aug 16:11
    • Molycorp to suspend operatations at Mountain Pass
    • London, 26 August (Argus) — Troubled US rare earth miner and processor Molycorp will suspend operations at its Mountain Pass rare earth facility in the US state of California, but will continue to serve its customers through its facilities in China and Estonia. The Mountain Pass facilit
    • Read more
    • NEWS | 26 Aug 14:16
    • Alloy prices to remain under pressure: Assore
    • Johannesburg, 26 August (Argus) — Oversupply of mainly medium-grade ores and poor demand from the largest seaborne markets in North America and Europe are likely to depress manganese alloy prices for the foreseeable future, according to South African mining group Assore. Assore reported
    • Read more
    • NEWS | 26 Aug 12:25
    • China ferro-chrome exports fall in July
    • Beijing, 26 August (Argus) — China's exports of high-carbon ferro-chrome decreased by 42.46pc to 89t in July compared with the same month last year, when exports were 154t. The fall is attributable to Chinese supplier unwillingness to sell material to overseas consumers because of unpro
    • Read more
    • COMMENTARY | 25 Aug 22:50
    • US aluminum scrap export prices dip on demand slip
    • 25 August (Argus) — US aluminum scrap export prices dropped by as much as three cents per pounds this past week as terminal market prices fell and Chinese demand continued to weaken. Market participants said that export sales to China were lower this week due to a stronger dollar and w
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    • NEWS | 25 Aug 22:07
    • Century plans curtailment at Kentucky smelter
    • Houston, 25 August (Argus) — Century Aluminum has warned employees at its Hawesville, Kentucky, aluminium smelter that it plans to curtail operations starting 24 October "unless the current pricing environment substantially changes." The WARN (Worker Adjustment and Retraining Notificati
    • Read more
    • NEWS | 25 Aug 20:17
    • Antofagasta profit slides on lower output, prices
    • Sao Paulo, 25 August (Argus) — Chile-based Antofagasta expects to get through the cycle of low copper prices, helped by sales of products, the divestment of its water division and a cost-saving drive running to $160mn in 2015. It comes as the company posted a 67.3pc decline in first-hal
    • Read more
    • NEWS | 25 Aug 20:10
    • BHP Billiton sees copper market well supplied
    • Johannesburg, 25 August (Argus) — BHP Billiton expects the global copper market to be well supplied in the near term. But it expects a deficit to emerge towards the end of the decade as grade decline, rising costs and a scarcity of high-quality future development opportunities are likely
    • Read more
    • NEWS | 25 Aug 19:52
    • US finished steel imports rise
    • Houston, 25 August (Argus) — US imports of finished steel rose by 3.7pc in July from the prior month, led by gains in imports of reinforcing bars, sheets and strip galvanized hot dipped, and cold rolled sheet. Imports of finished steel rose to 2.58mn net ton (2.34mn metric tonnes) from
    • Read more
    • NEWS | 25 Aug 19:09
    • Hogna tapped as chief executive at Sapa
    • Houston, 25 August (Argus) — Norway-based Sapa, an aluminium extrusions and precision tubing supplier, has named Egil Hogna as president and chief executive officer. He will replace Svein Tore Holsether on 1 September. Sapa is an equally owned joint venture between Norsk Hydro and Orkla
    • Read more
    • NEWS | 25 Aug 18:50
    • Canam signs $169mn contract for Champlain Bridge
    • Houston, 25 August (Argus) — The Canam Bridges division of Canada's Canam Group has signed a C$225mn ($168.8mn) contract to supply the steel superstructure for the approaches of the new Champlain Bridge over the St. Lawrence River in Montreal. The contract is the largest ever received b
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    • NEWS | 25 Aug 15:40
    • BHP Billiton sees China steel use peaking earlier
    • Sydney, 25 August (Argus) — Chinese steel consumption is expected to peak earlier and at a lower level than previously expected, as UK-Australian resources BHP Billiton sees the country move from a fixed investment-led economy to a consumption-based economy. The lower forecast for the w
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    • NEWS | 24 Aug 22:21
    • US aluminum scrap purchases steady in 2015
    • Houston, 24 August (Argus) — The US aluminum industry purchased around 4.57bn pounds of aluminum scrap in the first half of 2015 to inch marginally above the 4.56bn pounds consumed in the same year ago period. Consumers purchased 782.3mn lbs of aluminum scrap in June, up 0.1pc from 781.6
    • Read more
    • NEWS | 24 Aug 21:21
    • US, Canada produce less aluminum while orders rise
    • 24 August (Argus) — Aluminum production in the US and Canada dipped by 3pc to 2.6mn t for the first seven months of the year from 2.68mn t in the same period a year ago. New orders for mill products gained 4.6pc in the same comparison. Primary aluminum production in US and Canada was at
    • Read more
    • NEWS | 24 Aug 20:21
    • US steel output drops by 1.5pc
    • Houston, 24 August (Argus) — US domestic raw steel production fell by 1.5pc to 1.74mn net tons (nt) (1.57mn metric tonnes) in the week ended 22 August from the previous week, while capacity utilization declined to 72.9pc. Production dropped from 1.77mn nt in the previous week, when capa
    • Read more
    • NEWS | 24 Aug 20:08
    • Latin American steel production dips in first half
    • Houston, 24 August (Argus) — Crude steel production in Latin America and the Caribbean decreased by 1pc in the first half of this year to 32mn t compared with a year ago. Finished steel production was down by 3pc to 27mn t and finished steel consumption dipped by 1pc to 34.8mn t, accord
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    • NEWS | 24 Aug 17:28
    • Anglo American sells two Chilean copper mines
    • Sao Paulo, 24 August (Argus) — Anglo American has reached an agreement to sell its stake in its Anglo American Norte division to an investor consortium led by Audley Capital Advisors in a deal potentially worth $500mn. The Norte division consists of the Mantoverde and Mantos Blancos cop
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    • NEWS | 24 Aug 15:17
    • Weak US demand dents TMK's pipe sales
    • Moscow, 24 August (Argus) — Russia's largest pipe manufacturer TMK's total sales fell by 6pc on the year in January-June to 1.98mn t on weaker US demand, which was only partially offset by increased sales in Russia. The firm's US division reported a particularly steep decline in April-J
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    • NEWS | 24 Aug 15:16
    • Receivers called into Canada nickel miner
    • 24 August (Argus) — Receivers have been appointed under Canada's Bankruptcy and Insolvency Act to administer the affairs of embattled First Nickel, which has been struggling because of low nickel prices. The move comes after extensive discussions between the company and secured lenders.
    • Read more
    • NEWS | 21 Aug 22:58
    • Synalloy foresees sales fall from oil prices
    • Houston, 21 August (Argus) — Storage tank producer and pipe distributor Synalloy predicted a 27pc metals segment decline in sales in the second half of 2015 due to low nickel and oil prices. The South Carolina-based company said nickel price declines would impact results by $5.1 million
    • Read more
    • NEWS | 21 Aug 22:48
    • This Week in Metals: 17-21 August
    • Tumbling stock markets across the globe have sent shivers through metals markets amid weak manufacturing figures that raise concerns the Chinese economic slowdown will deepen. Chinese manufacturing contracted at its fastest rate in more than six years in August, with modest growth in Eu
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    • NEWS | 21 Aug 17:53
    • Sims scrap sales fall, ekes out profit
    • Houston, 21 August (Argus) — Scrap recycler Sims Metal Management boosted its underlying earnings by 4.5pc in the latest fiscal year, on the back of lower operating costs amid declining sales volumes and prices. Australia-based Sims sold 10.5mn t of scrap in the 2014-2015 financial year
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    • NEWS | 21 Aug 15:13
    • Auto supplier SMG plans Alabama plant
    • New York, 21 August (Argus) — US automotive supplier Samvardhana Motherson Group (SMG) plans to build a new $150mn plant in Tuscaloosa County, Alabama. The proposed 700,000 square feet facility will produce painted bumpers, rocker panels, spoilers, interior door panels and other parts.
    • Read more
    • NEWS | 21 Aug 14:55
    • Molybdenum price slump delays Alloycorp funding
    • Sao Paulo, 21 August (Argus) — Canada's Alloycorp Mining now expects to secure funding for its Avanti Kitsault molybdenum project in British Columbia next year, owing to reduced prices and weak investor sentiment. The company had targeted financing by the end of last year. But lenders h
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    • NEWS | 21 Aug 14:14
    • LME offers incentives for new aluminum contract
    • Washington, 21 August (Argus) — The London Metal Exchange (LME) today introduced initiatives to promote liquidity for its new aluminum premium contracts, launching on 23 November. The exchange is offering incentives to firms that will agree to act as market makers and who will accept th
    • Read more
    • NEWS | 21 Aug 14:09
    • Philadelphia Fed shows factories picking up
    • Houston, 21 August (Argus) — Manufacturing activity in the Philadelphia region accelerated in August as measures of shipments and employment grew. The Philadelphia Federal Reserve Bank said its business activity index rose to 8.3 in August from 5.7 in July. A measure of shipments rose
    • Read more
    • NEWS | 21 Aug 14:06
    • Unions back UP in lockout battle
    • Unions back UP in lockout battle Washington, 21 August (Argus) — Two major railroad workers unions backed Union Pacific (UP) as Sherwin Alumina tries to force the carrier to serve its Texas manufacturing plant during a worker lockout. Sherwin asked federal rail regulators to dismiss the
    • Read more
    • NEWS | 21 Aug 12:35
    • Global pig iron production down in July
    • London, 21 August (Argus) — Global pig iron output was 0.8pc lower last month than in June at 97.1mn t, largely attributable to operational cuts in China that offset rising production elsewhere, World Steel Association data show. China produced 57.3mn t, down by 1.7mn t on the month and
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    • NEWS | 20 Aug 21:57
    • Union Partners acquires Lee Steel assets
    • Houston, 20 August (Argus) — Illinois-based Union Partners, an investment holding company, has agreed to acquire Lee Steel's Wyoming, Michigan, service center operations and working capital assets at the Romulus facility in the same state. The Romulus operations will be consolidated int
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    • NEWS | 20 Aug 21:24
    • Big River Steel taps Stickler after Correnti death
    • Houston, 20 August (Argus) — Arkansas-based Big River Steel today named David Stickler as chief executive, taking the spot left by John Correnti, who unexpectedly died earlier this week while on a visit to the Chicago area. Stickler is a member of Big River Steel's board of directors an
    • Read more
    • NEWS | 20 Aug 20:11
    • World stainless steel production rises
    • London, 20 August (Argus) — World stainless steel production hit 10.37mn t in the first quarter of 2015, up only 0.1pc from 10.36mn t year on year, and up 1pc from 10.26mn t in the fourth quarter of 2014, according to data from the International Stainless Steel Forum. Production in Chin
    • Read more
    • NEWS | 20 Aug 18:09
    • Global crude steel output drops
    • London, 20 August (Argus) — Crude steel production continued to fall last month, with almost every major producing country cutting output, according to the World Steel Association. Total output by the 65 nations that report to the association slipped to 132.9mn t in July, down from 135.
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    • NEWS | 20 Aug 15:10
    • Standard Metals names Cooper chief executive
    • Houston, 20 August (Argus) — US-based metal alloys supplier Standard Metals Processing has appointed Bobby Cooper, a former Kennecott executive, its new chief executive. Cooper, with more than 40 years of experience as an executive in the mining industry, will help guide the supplier to
    • Read more
    • NEWS | 19 Aug 18:22
    • Glencore sees better contribution from metals
    • Johannesburg, 19 August (Argus) — Despite announcing a 29pc drop in 1H EBITDA to $4.6bn and a net loss of $676mn compared to a profit of $1.72bn a year earlier, global resources and trading group Glencore believes it is by far the most diversified commodity producer and marketer and is w
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    • NEWS | 19 Aug 18:17
    • Glencore stresses focus on cash producing metals
    • Johannesburg, 19 August (Argus) — Global commodity producer and trader Glencore said today it will either sell assets or place them on care and maintenance if they do not generate free cash flow. Speaking at the group's 1H results presentation, CEO Ivan Glasenberg said "it does not make
    • Read more
    • NEWS | 19 Aug 18:11
    • Car sales in Europe’s largest markets rise in July
    • Car sales in Europe's largest markets rise in July Singapore, 19 August (Argus) — Car sales in markets like Germany and UK extended their rise in July, reflecting further signs of northern Europe's gradual economic recovery. New car registrations in Germany in July rose by 7pc from a yea
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    • NEWS | 19 Aug 18:07
    • US trucking volumes snaps 2.8pc higher in July
    • New York City, 19 August (Argus) — US trucking volume clicked 2.8pc higher in July compared with the month prior on stronger factory output and increased housing starts, according to latest figures from the American Trucking Association (ATA). The ATA advanced seasonally adjusted for hi
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    • NEWS | 19 Aug 17:35
    • Texas Rare Earth finds scandium in leach tests
    • London, 19 August (Argus) — US mining company Texas Rare Earth Resources is leaching potentially significant amounts of scandium from rhyolite material sourced from its Round Top mine in Texas. While the company's main focus is on extracting heavy rare earth elements (HREEs) at Round To
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    • NEWS | 19 Aug 16:14
    • PdV head named energy and mines minister
    • Caracas, 19 August (Argus) — Venezuelan state-owned PdV chief executive and veteran geologist Eulogio del Pino was named energy and mines minister, a portfolio he will run alongside his current role at the oil company. Del Pino replaced Asdrubal Chavez, who will compete in 6 December na
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    • NEWS | 19 Aug 14:27
    • US new home construction nears eight-year high
    • New York, 19 August (Argus) — The number of US homes starting construction neared an eight-year high in July as builders boosted development of single-family homes. New home construction increased by 0.2pc to an annualised rate of 1.21mn units last month, the highest since October 2007,
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    • NEWS | 18 Aug 22:31
    • Big River Steel’s chief John Correnti dies
    • Big River Steel's chief John Correnti dies 18 August (Argus) — John Correnti, chief executive of Big River Steel and a former chief executive of Nucor, has passed away. The Steel Manufacturer's Association (SMA) issued a statement of "heartfelt condolences at the sudden death" of Corrent
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    • NEWS | 18 Aug 22:02
    • US aluminum service center shipments fall
    • Houston, 18 August (Argus) — US service center shipments of aluminum products fell by 0.6pc in July from a year earlier while the months' supply of inventory on hand rose. Shipments of aluminum products fell to 138,300net tons (nt) (125,400 metric tonnes) in July from a year earlier, th
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    • NEWS | 18 Aug 22:02
    • US service center steel shipments fall
    • Houston, 18 August (Argus) — US service center shipments of steel products fell by 7pc in July from the same month of 2014 while inventories levels rose. Service center steel shipments totaled 3.44mn net tons (nt) (3.1mn metric tonnes) in July, compared with 3.7mn nt a year earlier, the
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    • NEWS | 18 Aug 21:50
    • Labor talks to resume at Chile’s Codelco
    • Labor talks to resume at Chile's Codelco Sao Paulo, 18 August (Argus) — Talks aimed at resolving a subcontractors' dispute over pay and conditions at Codelco copper operations in Chile are due to go ahead tomorrow. They will follow a meeting yesterday between the association bringing tog
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    • NEWS | 18 Aug 20:49
    • NN buys Precision Engineered for $615mn
    • Houston, 18 August (Argus) — Diversified metal components manufacturer NN has agreed to buy Precision Engineered Products Holdings (PEP) for $615mn in cash. Massachusetts-based PEP is a manufacturer of engineered products for medical, electrical, transportation and aerospace markets wit
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    • NEWS | 18 Aug 20:04
    • Fire hits Codelco’s Chuquicamata mine
    • Fire hits Codelco's Chuquicamata mine London, 18 August (Argus) — Chilean state-controlled copper-molybdenum producer Codelco's Chuquicamata mine, in the northern Antofagasta region, was struck by an underground fire yesterday. The incident occurred yesterday afternoon in an underground
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    • NEWS | 17 Aug 22:06
    • Metalico ships less scrap amid weaker prices
    • Houston, 17 August (Argus) — Metalico shipped 240,300 gross tons of ferrous scrap and 41.14mn pounds of nonferrous scrap in the first half of this year. Ferrous and nonferrous sales volumes were down 18.6pc and 19.6pc from the first half of 2014 amid weak demand and prices. For the fir
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    • NEWS | 17 Aug 19:58
    • US steel output falls by 8.4pc
    • Houston, 17 August (Argus) — US domestic raw steel production dropped by 8.4pc to 1.77mn net tons (nt) (1.6mn metric tonnes) in the week ended 15 August from the same week a year earlier, while capacity utilization declined to 73.9pc. Production declined from 1.93mn nt a year earlier, w
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    • NEWS | 17 Aug 18:49
    • US Steel to shut Fairfield Works in November
    • US Steel to shut Fairfield Works in November Houston, 17 August (Argus) — US Steel will permanently close its Fairfield Works mill in Alabama by around 17 November. The company said today that it will idle the blast furnace and most flat-rolled finishing facilities in Fairfield before pe
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    • NEWS | 17 Aug 16:42
    • Yuan depreciation to intensify steel protectionism
    • London, 17 August (Argus) — The depreciation of the yuan against the dollar last week will allow Chinese steelmakers to increase exports, but is also likely to accelerate the imposition of trade action against Chinese exporters, market analysts warned. Chinese steel exports have increas
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    • NEWS | 14 Aug 22:05
    • This Week in Metals: 10-14 August
    • 14 August (Argus) — Developments in China have dominated what would normally be one of the quietest weeks of the year for the global metals industry. The impact of China's currency devaluation on 11 August had hardly sunk in before massive explosions the following night at hazardous goo
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    • NEWS | 14 Aug 21:33
    • Vale files appeal against nickel site suspension
    • Sao Paolo, 14 August (Argus) — Brazilian mining company Vale has filed an appeal against a federal court decision to stop production at its Onça Puma nickel mine in Brazil's northern Pará state. The court ordered the halt today telling Vale it must show what actions it has taken to comp
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    • NEWS | 14 Aug 20:21
    • Allegheny Technologies locks out union employees
    • Houston, 14 August (Argus) — Allegheny Technologies issued a lockout notice affecting 2,200 workers at 12 plants, citing "lack of progress" in contract negotiations with the United Steel Workers union. Pittsburgh-based ATI said the lockout will take effect tomorrow but the company will
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    • NEWS | 14 Aug 19:53
    • KGHM reviews impact of US dollar strength
    • Sao Paulo, 14 August (Argus) — Poland's KGHM, which controls the Sierra Gorda copper-molybdenum project in Chile, is analysing the potential consequences for commodities of a further strengthening of the US dollar. A stronger US currency would put pressure on dollar-denominated commodit
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    • NEWS | 14 Aug 19:49
    • Glencore sells Falcondo, new owner to restart
    • London, 14 August (Argus) — Switzerland-based global resources company Glencore subsidiary Glencore Canada has completed the sale of its Falcondo ferro-nickel operations in the Dominican Republic to US producer American Nickel. The company did not disclose the exact price for the sale b
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    • NEWS | 14 Aug 19:47
    • Weak fundamentals outweigh Tianjin impact
    • Beijing, 14 August (Argus) — The 12 August explosion at the Chinese port of Tianjin has yet to affect the country's minor metal markets because the effect of the disruption on imports and exports has been momentarily outweighed by weaker physical demand. The explosion left 55 people de
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    • NEWS | 14 Aug 19:44
    • Ferbasa HC ferro-chrome, ferro-silicon sales fall
    • Sao Paulo, 14 August (Argus) — Brazil-based Ferbasa's sales of high-carbon ferro-chrome fell to 6,464t in July, down by 46.2pc against the same month last year. Sales of ferro-silicon 75pc grade fell to 4,625t in the same month, down by 24pc on the year. The fall was attributed to reduc
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    • NEWS | 13 Aug 21:16
    • Broken Hammer mine produces 1.8mn lbs copper
    • Houston, 13 August (Argus) — Wallbridge Mining produced 1.8mn lbs of contained copper from its year-old Broken Hammer open pit mine in Sudbury, Ontario, in the first half of 2015 despite an operation suspension from 28 March to early June caused by local spring thaw load restrictions. T
    • Read more
    • NEWS | 13 Aug 20:25
    • Ryerson’ total metal volume down, aluminium up
    • Ryerson' total metal volume down, aluminium up Houston, 13 August (Argus) — Metals processor and distributor Ryerson Holding shipped 7.8pc less tonnage in the second quarter, as gains in aluminium shipments failed to offset declines in carbon steel and stainless steel. The Chicago-based
    • Read more
    • NEWS | 13 Aug 19:02
    • ARCA sales fall on lower metals pricing
    • Houston, 13 August (Argus) — Appliance Recycling Centers of America (ARCA), which sells and recycles appliances, posted an 8.1pc decline in sales in the second quarter, due to falling recycling sales and lower byproduct revenue. Sales fell to $30.2mn in the quarter, down from $32.8mn a
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    • NEWS | 13 Aug 17:01
    • Tianjin blast disrupts non-ferrous trade: Update
    • Adds trader comments in paragraphs 5-6 Beijing, 13 August (Argus) — China's exports and imports of non-ferrous metals, ferro-alloys and ores have been disrupted by a serious explosion on 12 August in the port of Tianjin, one of China's largest commodities shipping ports. Tianjin is t
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    • NEWS | 13 Aug 15:51
    • US mill shipments up in June, down on year
    • Houston, 13 August (Argus) — US steel mill shipments rose by 8.1pc to 7.76mn net tons (nt) (6.9mn metric tonnes) in June from the prior month but were sharply lower from a year earlier, the American Iron and Steel Institute (AISI) said today. Shipments were up from 7.18mn nt shipped in
    • Read more
    • NEWS | 13 Aug 15:23
    • CSN foreign sales offset domestic declines
    • Houston, 13 August (Argus) — Brazilian steelmaker Companhia Siderurgica Nacional's (CSN) steel shipments were little changed in the second quarter as foreign sales helped offset declining domestic sales. CSN shipped 1.26mn t of steel in the quarter, down by 0.2pc from a year ago. Domes
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    • NEWS | 13 Aug 15:05
    • Tianjin blast disrupts non-ferrous, alloys trade
    • Beijing, 13 August (Argus) — China's exports and imports of non-ferrous metals, ferro-alloys and ores have been disrupted by a serious explosion on 12 August in the port of Tianjin, one of China's largest commodities shipping ports. Tianjin is the largest port for exports of ferro-alloy
    • Read more
    • NEWS | 13 Aug 15:03
    • Taseko idles Gibraltar molybdenum circuit
    • Sao Paulo, 13 August (Argus) — Canada's Taseko Mines has idled the molybdenum circuit at its Gibraltar facility in British Columbia because of low prices. Operations will restart as soon as market conditions improve, the firm said. Roasted molybdenum concentrate values have continued t
    • Read more
    • NEWS | 13 Aug 15:01
    • US rare earth oxide imports fall, metals rebound
    • New York, 13 August (Argus) — US imports of rare earth oxides and chlorides in June continued to decline this year, while imports of rare earths metals rebounded after falling in May, according to the US International Trade Commission (ITC). Imports of rare earth oxides and chlorides in
    • Read more
    • NEWS | 13 Aug 12:28
    • Chile copper union sets deadline for Codelco talks
    • Sao Paulo, 13 August (Argus) — Chile's National Confederation of Copper Workers trade union said talks with state-controlled copper-molybdenum producer Codelco to resolve a dispute over pay and conditions must last no longer than two weeks once they begin. The two sides have not yet spec
    • Read more
    • NEWS | 13 Aug 10:08
    • Tianjin blast disrupts non-ferrous, alloys trade
    • Beijing, 13 August (Argus) — China's exports and imports of non-ferrous metals, ferro-alloys and ores have been disrupted by a serious explosion on 12 August in the port of Tianjin, one of China's largest commodities shipping ports. Tianjin is the largest port for exports of ferro-alloy
    • Read more
    • NEWS | 12 Aug 21:32
    • Metal Exchange expands Pennex Aluminum operation
    • Pitsburg-Kansas, 12 August (Argus) — Pennex Aluminum has completed a $38mn expansion of its Leetonia, Ohio, aluminum extrusion plant which nearly triples the size of the plant to 275,000ft² (25,548.34m²). The expanded plant has added two aluminum press lines, including a 12inch (30.5cm)
    • Read more
    • NEWS | 12 Aug 18:07
    • Codelco Ministro Hales contractors suspend protest
    • Sao Paulo, 12 August (Argus) — Contract workers that seized Codelco's Ministro Hales operations in an dispute over contractors' pay and conditions have suspended the protests in favour of talks, Chile's state-controlled copper-molybdenum producer said. A separate vote on whether to susp
    • Read more
    • NEWS | 12 Aug 17:46
    • Global Cobalt plans September asset spin-off
    • Sao Paulo, 12 August (Argus) — Canada-based Global Cobalt plans to undertake the transfer of North American cobalt assets to its spin-off company Global Energy Metals on 2 September. In April, Global Cobalt unveiled plans to transfer rights to its Werner Lake site in Ontario, Canada and
    • Read more
    • NEWS | 12 Aug 16:56
    • Weaker yuan to hit China steel feedstock imports
    • London, 12 August (Argus) — Market participants in the steel feedstock and steel market have been digesting the impact of the recent depreciation of the yuan against the dollar since yesterday. China's yuan fell by as much as 3pc over two days to 6.42 yuan/$1 before the People's Bank of
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    • NEWS | 12 Aug 16:54
    • US car supplier outlook stays positive in July
    • New York, 12 August (Argus) — The US automotive supplier outlook continued to hold at a positive level in July, according to a latest survey by the Original Equipment Suppliers Association (OESA). The OESA automotive supplier sentiment index, which is published every other month, was at
    • Read more
    • NEWS | 12 Aug 16:37
    • Weaker yuan to hit China steel feedstock imports
    • London, 12 August (Argus) — Market participants in the steel feedstock and steel market have been digesting the impact of the recent depreciation of the yuan against the dollar since yesterday. China's yuan fell by as much as 3pc over two days to 6.42 yuan/$1 before the People's Bank of
    • Read more
    • NEWS | 12 Aug 16:16
    • SMDI names Nucor’s Blume to head board
    • SMDI names Nucor's Blume to head board Houston, 12 August (Argus) — The Steel Market Development Institute (SMDI) today said that Rick Blume, commercial vice president at Nucor, will succeed Dan Mull as chairman of its board of directors. Mull, vice president for marketing at ArcelorMitt
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    • NEWS | 12 Aug 15:09
    • Gerdau steel shipments fall, revenue gains
    • Houston, 12 August (Argus) — Brazil-based steelmaker Gerdau shipped 5.6pc less steel in the second quarter even as its revenue gained, led by North American sales. Gerdau, the largest steel producer in Brazil and Latin America, shipped 4.27mn t of steel compared with 4.52mn t in the sam
    • Read more
    • NEWS | 12 Aug 14:26
    • Novelis shipments flat, sales down on prices
    • Houston, 12 August (Argus) — US aluminum producer Novelis's shipments of rolled alumimum were flat from a year earlier while revenues were lower on decreased prices. Shipments of rolled aluminum totaled 768,000t in the first quarter of fiscal 2016, in line with 770,000t sold in the same
    • Read more
    • NEWS | 12 Aug 13:53
    • US aluminium group urges Chinese export scrutiny
    • Washington, 12 August (Argus) — A US aluminium trade association is calling on authorities in China and the US to investigate allegations that a Chinese company is deliberately misclassifying aluminium products to avoid export duties and collect rebates. The Aluminum Association wants U
    • Read more
    • NEWS | 12 Aug 13:50
    • China to crack down on illegal REEs
    • Beijing, 12 August (Argus) — Beijing has promised to crack down on illegal production and sales of rare earth elements (REEs) to relieve the continuing market oversupply. Illegal production in southern China has increased in recent months following the introduction of higher resource ta
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    • NEWS | 11 Aug 21:53
    • US ferrous scrap imports fall in first half
    • Houston, 11 August (Argus) — US imports of ferrous scrap fell by 14pc in the first half of 2015 from a year earlier, led by declines in imports of No. 1 bundles and No. 1 heavy melt scrap from Canada. Shipments fell to 1.45mn t in the first half of the year, compared with 1.7mn t in the
    • Read more
    • NEWS | 11 Aug 16:35
    • Six US steelmakers file new antidumping petitions
    • Houston, 11 August (Argus) — Six major US steel producers today filed petitions charging that allegedly unfairly traded imports of hot-rolled steel products from Australia, Brazil, Japan, South Korea, Netherlands, Turkey and the UK are causing material injury to the US steel injury. The
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    • NEWS | 11 Aug 16:08
    • LME molybdenum edges up on physical recovery
    • London, 11 August (Argus) — The London Metal Exchange (LME) cash molybdenum price has pared more losses in the past couple of weeks against a steady recovery in physical prices. The LME officially closed molybdenum cash prices yesterday at $13,200-13,700/t, up from $13,000-13,500/t on
    • Read more
    • NEWS | 11 Aug 16:03
    • LME base metals fall on yuan devaluation
    • London, 11 August (Argus) — China's devaluation of the yuan today has capped a brief recovery for base metals on the London Metal Exchange (LME)and has a strong implication for future prices. Nickel, zinc, copper and aluminium traded higher yesterday for the first time in days on larger
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    • NEWS | 11 Aug 15:58
    • LME base metals fall on yuan devaluation
    • London, 11 August (Argus) — China's devaluation of the yuan today has capped a brief recovery for base metals on the London Metal Exchange (LME)and has a strong implication for future prices. Nickel, zinc, copper and aluminium traded higher yesterday for the first time in days on larger
    • Read more
    • NEWS | 10 Aug 20:33
    • US steel output falls by 9pc
    • Houston, 10 August (Argus) — US domestic raw steel production dropped by 9pc to 1.76mn net tons (nt) (1.6mn metric tonnes) in the week ended 8 August from the same week a year earlier, while capacity utilization declined to 73.4pc. Production declined from 1.93mn nt a year earlier, when
    • Read more
    • NEWS | 10 Aug 19:28
    • Novelis names Fisher chief executive
    • Houston, 10 August (Argus) — US-based aluminum producer and recycler Novelis has named Steve Fisher as its chief executive officer and president. Fisher is currently chief financial officer and has also been serving as interim president and chief executive of Novelis since April. During
    • Read more
    • NEWS | 10 Aug 19:11
    • Codelco restarts copper mining after suspension
    • Sao Paulo, 10 August (Argus) — Operations are running normally at Chilean state-controlled copper-molybdenum producer Codelco's Chuquicamata, Radomiro Tomic and Gabriela Mistral operations after the north of the country was hit by heavy rains and strong winds yesterday. Operations have
    • Read more
    • NEWS | 10 Aug 19:08
    • Noble optimistic despite weaker aluminium premium
    • London, 10 August (Argus) — Base metals trader Noble Group is optimistic about future opportunities, despite seeing its metals business fall as spot premiums for aluminium metal dropped by over 70pc in the first half of 2015. Weak demand continued to weigh on prices for the company's no
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    • NEWS | 10 Aug 19:07
    • USW to counter Allegheny’s 'last, best' offer
    • USW to counter Allegheny's 'last, best' offer Houston, 10 August (Argus) — The United Steel Workers (USW) union is preparing a counteroffer to a contract proposal from specialty steel producer Allegheny Technologies (ATI)that management called its "last, best and final" offer. The union
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    • NEWS | 10 Aug 17:06
    • US first-half scrap exports down by 10pc
    • Houston, 10 August (Argus) — US exports of ferrous scrap including stainless steel and alloy scrap fell by 9.5pc in the first half from a year earlier, led by declining shipments to Taiwan and South Korea, amid a strengthening US dollar and ongoing global oversupply of steel. Shipments
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    • NEWS | 10 Aug 14:37
    • Buffett buys Precision Castparts for $37bn
    • Houston, 10 August (Argus) — Billionaire investor Warren Buffet's holding company Berkshire Hathaway has agreed to acquire Precision Castparts (PCC), a maker of aerospace and power parts, in a deal valued at $37.2bn in cash and debt that would make it the investor's largest acquisition.
    • Read more
    • NEWS | 10 Aug 14:18
    • Ferbasa ferro-chrome output up, ferro-silicon down
    • Sao Paulo, 10 August (Argus) — Brazilian ferro-alloy producer Ferbasa produced 41,750t of high-carbon ferro-chrome in the second quarter, an increase of 8pc from 38,658t a year earlier. Output was largely unchanged with the first first three months of 2015, Ferbasa produced 41,824t. The
    • Read more
    • NEWS | 10 Aug 13:05
    • Russia reduces export taxes on scrap
    • Moscow, 10 August (Argus) — The Russian government has lowered export taxes on scrap and ferrous metal waste exported from Russia to buyers outside of the Eurasian Customs Union, effective from 1 September. Scrap export taxes have been reduced by 2.5pc to 7.5pc, but will not fall below
    • Read more
    • NEWS | 07 Aug 23:40
    • This Week in Metals: 3-7 August
    • Houston, 7 August (Argus) The height of summer 2015 is proving to be the toughest period in living memory for many players in the metals markets as demand has petered out and activity is even slower than usual for this time of year. China s role in global metals markets is manifold. Underly
    • Read more
    • NEWS | 07 Aug 22:57
    • US brass mill imports, exports fall in June
    • Houston, 7 August (Argus) — US imports and exports of brass mill products declined in June from their year ago tallies, with imports down by 6.6pc and exports little changed. The Washington-based Copper Brass Fabricators Council said today that brass mill products imports in June tota
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    • NEWS | 07 Aug 15:44
    • Thompson Creek sees higher molybdenum sales
    • Sao Paulo, 7 August (Argus) — North American mining company Thompson Creek, which has put its molybdenum mines on care and maintenance because of low prices, expects higher revenues from the sale of inventory this year than previously expected. The company updated its guidance for 2015,
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    • NEWS | 07 Aug 15:41
    • Colombia ferro-nickel exports rise in June
    • Sao Paulo, 7 August (Argus) — Colombia's ferro-nickel exports rose by 9.9pc on the year to 11,000t in June, according to the latest official customs data. The value of shipments in June dropped by 35.1pc to $36.6mn. Shipments in the first six months of this year edged up by 0.4pc to 63,
    • Read more
    • NEWS | 07 Aug 14:50
    • Century tallies higher shipments, $34mn loss
    • Houston, 7 August (Argus) — Century Aluminum increased primary aluminum shipments by 8.3pc in the second quarter from a year earlier but tallied a $33.9mn loss for the quarter, mainly reflecting a charge for the closure of its Ravenswood smelter. Century's primary aluminium shipments ro
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    • NEWS | 06 Aug 23:06
    • Olin, Chase brass shipments down as munitions dip
    • Pitsburg, Kansas, 6 August (Argus) — Shipments by Global Brass and Copper Holdings declined by 1.5pc in the second quarter on lower demand in the munitions market. The company said continued destocking in the supply chain negatively impacted demand from the munitions industry. However,
    • Read more
    • NEWS | 06 Aug 22:08
    • Century tallies higher shipments, $34mn loss
    • Houston, 6 August (Argus) — Century Aluminum increased primary aluminum shipments by 8.3pc in the second quarter compared to a year earlier but tallied a $33.9mn loss for the quarter, mainly reflecting an impairment charge for the closure of its Ravenswood smelter. Century's primary alu
    • Read more
    • NEWS | 06 Aug 20:05
    • US steel exports up for second straight month
    • Houston, 6 August (Argus) — US exports of steel increased for a second consecutive month in June, rising by 1.7pc from the prior month, but were still almost 15pc below year-earlier volumes. The Virginia-based American Institute for International Steel said today that 885,191 net tons (
    • Read more
    • NEWS | 06 Aug 17:52
    • Voestalpine 1Q earnings jump by 45pc
    • London, 6 August (Argus) — Austrian steelmaker Voestalpine's first-quarter earnings before interest, taxation, depreciation and amortisation (ebitda) increased by 45pc year on year, as a result of stronger demand from Europe and North America. The company posted first-quarter ebitda of
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    • NEWS | 31 Jul 22:24
    • Tredegar's extrusion sales rise with higher prices
    • Pitsburg, Kansas, 31 July (Argus) — The Bonnell Aluminum extrusion operations of Virginia-based manufacturer Tredegar increased sales volumes by 12.4 pc in the second quarter to 42.9mn pounds from 38.2mn pounds in the same quarter a year ago. Aluminum extrustion sales volumes are up 10.
    • Read more
    • NEWS | 31 Jul 22:09
    • This Week in Metals: 27-31 July
    • Houston, 31 July (Argus) Weaker growth in the eastern US and the onset of summer holidays in the west are dragging on metal demand and prices, promising tougher weeks ahead. Some market players are taking advantage of the prevailing bearish sentiment to pick up stocks of metal at current hi
    • Read more
    • NEWS | 24 Jul 22:35
    • This Week in Metals: 20-24 July
    • Houston, 24 July (Argus) Prospects of Federal Reserve interest rate hikes as soon as September appeared to drive investors away from commodities, metals companies and miners this week as broader equities also stumbled amid disappointing earnings. London Metal Exchange (LME) aluminum, copper
    • Read more
    • NEWS | 17 Jul 22:21
    • This Week in Metals: 13-17 July
    • Houston, 17 July (Argus) US equities rebounded and the three major indexes ended the week higher although energy stocks weighed on the Dow and S P 500. The dollar posted its biggest weekly rise in two months on the likelihood of a Federal Reserve rate hike this year. US housing starts rose
    • Read more
    • NEWS | 13 Jul 15:15
    • Capstone Mining holds to copper production outlook
    • Houston, 13 July (Argus) — Canada-based copper producer Capstone Mining is holding to its 2015 production guidance of 90,000t of copper as improved performance at its Minto mine is expected to offset a shortfall at Cozamin. Capstone produced 21,100t of copper in the second quarter, down
    • Read more
    • NEWS | 13 Jul 14:25
    • Aleris aluminium appoints new chief executive
    • Houston, 13 July (Argus) Ohio-based aluminium producer Aleris s board of directors appointed Sean Stack as the company s new chief executive, replacing Steve Demetriou. Stack, who has been at Aleris since its formation in 2004, most recently served as chief executive of the company s North
    • Read more
    • NEWS | 02 Jul 22:26
    • This Week in Metals: 29 June - 2 July
    • Uncertainty continued to surround the Greek debt crisis ahead of a weekend referendum on tough terms for bailout aid. This pushed the euro close to parity against the US dollar on 1 July. A second consecutive monthly improvement in the health of global manufacturing was seen in Purchasing Man
    • Read more
    • NEWS | 02 Jun 20:32
    • US zinc prices shrug off Horsehead rampup
    • By Philip Burgert Houston, 2 June A near doubling of zinc production from Horsehead Holding Corp s plant in Mooresboro, North Carolina, has not impacted US zinc prices. The plant produced about 4,100t of zinc metal in May, compared to 2,600t tons and 2,800t in March and April, respectively.
    • Read more

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