10.3 C
London
Saturday, December 9, 2023

Metal Miner

Steelmaker ArcelorMittal Halts Bosnia Steel Plant Amid Demand Slump

By Sohrab Darabshaw via AGMetalminer.com A drop in steel demand throughout Europe proved the reason for ArcelorMittal temporarily suspending output at its Bosnia plant. The company remains a leading player in the steel industry, making approximately 70...

Precious Metals Prices Stagnate Amid Global Uncertainties

Via Metal Miner The Global Precious Metals MMI (Monthly Metals Index) maintained a sideways trend once again, this time moving up only 2.07%. That said, the overall future for precious metals prices brightened recently. For example, through October, go...

Offshore Wind Project Cancellations Add to Copper Demand Concerns

Via Metal Miner Although they appear on the rebound from last month’s lows, copper prices have yet to break out of their long-term sideways range. Nonetheless, following an almost 2% overall decline throughout October, prices have now retraced to their...

Potential Tariffs on Chinese EV Imports Stir Global Trade Concerns

Via Metal Miner The Renewables MMI (Monthly Metals Index) remains volatile, especially when it comes to EV battery technology. Starting in August, the index experienced sharp up-and-down movements from month to month. Indeed, between October 1 and Nove...

British Steel’s Bold Plan to Combat Emissions with Electric Furnaces

Via Metal Miner British Steel recently told steel news sources of a £1.25 billion ($1.53 billion) project to replace its blast furnace operations with electric arc furnaces. The company said the goal was to help slash current carbon emissions. “The pro...

Aluminum Prices Struggle As Demand Dwindles

Via Metal Miner Although they fell 4.29% throughout October, aluminum prices remain trapped within a sideways trend established back in July. Prices retraced from their late-September spike but failed to create a lower low. Therefore, they continue to ...

ArcelorMittal Takes Legal Action Against Liberty Steel Over Unpaid Debt

Via Metal Miner ArcelorMittal recently obtained a freeze order from a Singaporean court against Liberty Steel. The order totals €140 million ($150 million) and relates to the prospective sale of Liberty Steel assets. According to reports, the Luxembour...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Must read