Metal & Steel News
U.S. Steel responded by filing suit, claiming Algoma already owed approximately $22 million, with potential damages approaching $100 million.
The analysts said they expect LME copper prices to average $10,710 in the first half of 2026.
The steelmaker says it is ready to defend the case and believes the claimant faces serious obstacles on both admissibility and substance.
Rising global demand for copper, driven by the energy transition, electrification of transport, and renewable infrastructure buildout, underpins the positive outlook.
The marginal pullback highlights short-term adjustments rather than a shift in underlying demand trends.
Freeport updated on progress at Grasberg in November saying full production is expected to be restored in 2027.
ICRA expects domestic hot-rolled coil (HRC) prices to average around 50,500 rupees per ton ($560–$565) in fiscal year 2025/2026.
Under the deal terms, Global Panduro will pay USD 45 million in cash at closing and issue a USD 65 million loan note to First Quantum.
Japan followed with 6.8 Mt, while Russia produced 5.2 Mt and South Korea 5.0 Mt.
Closed in 2019, the Utah copper mine was a victim of a commodity slump that prompted low copper prices.
LED announced in March that the company planned the $5.8 billion steel mill for roughly 1,700 acres within the park.
Steel pricing volatility affects the entire ferrous scrap ecosystem, with different steel product categories creating distinct demand patterns and price relationships. Understanding these dynamics helps predict scrap market movements and optimize timing strategies.
Together, the three projects are expected to reduce carbon dioxide emissions by nearly 1.6 million tonnes annually.
Despite the broader downturn in production, a number of regions posted year-on-year increases.
Aluko will create 285 new jobs and invest $107.7 million to locate its integrated aluminum manufacturing operations in a former Tupperware building.
Entergy provided several photos of a suspect, who appears to be wearing a gray or khaki t-shirt and pants, black gloves, and a head and face covering.
In addition to the batteries impacted by the explosion, U.S. Steel has four others that are operating and have buildings with workers near them.
In parallel, U. S. Steel continues to advance major upgrades at the hot strip mill and steel shop, where iron is transformed into finished steel products.
According to Benchmark Minerals, the tariff-driven arbitrage has distorted global trade flows.
The year-to-date capability utilization rate averaged 76.8%, up from 75.4% in 2024.
Commissioners could also do nothing by simply correcting the mistake so it doesn't happen again.
Chile recorded a 0.7% decline in mine output, as gains at Escondida and Codelco were outweighed by losses at Collahuasi and Los Pelambres.
In the raw materials segment, earnings are anticipated to decline mainly because of two scheduled outages at Nucor’s direct reduced iron facilities.
Manufacturing indicators in major economies also show regional slowdowns and stagnation.
Under Trump’s visionary leadership, we are choosing strength over vulnerability, self-reliance over dependency, and long-term national security over short-term political convenience.