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Why a Shrinking US Aluminum Industry is Tricky News for Clean Energy

Why a Shrinking US Aluminum Industry is Tricky News for Clean Energy

The incentive covers 10 percent of production costs and includes direct cash payments, which would help aluminum makers pay for improving their facilities, Quinn said.
Nippon Steel Pledges to Move U.S. HQ to U.S. Steel's Pittsburgh

Nippon Steel Pledges to Move U.S. HQ to U.S. Steel's Pittsburgh

Nippon Steel will honor all agreements currently in place between U.S. Steel and the USW, will not cut jobs, close facilities or move production overseas, Mori reiterated.
Freeport CEO Calls for Improvement in U.S. Copper Mine Permitting Process

Freeport CEO Calls for Improvement in U.S. Copper Mine Permitting Process

Freeport noted that the company is focused on earning the support of people living near its mine sites.
AISI Reported Surge in U.S. Raw Steel Output

AISI Reported Surge in U.S. Raw Steel Output

The production was 1.734 million NT during the week ended March 9, 2024, with a capability utilization rate of 78.1%.
United States Steel Corporation Announced First Quarter 2024 Guidance

United States Steel Corporation Announced First Quarter 2024 Guidance

The adjusted EBITDA is projected at around $425 million, the company press release said.
Steel Dynamics, Inc. Announced Q1 2024 Earnings Guidance

Steel Dynamics, Inc. Announced Q1 2024 Earnings Guidance

SDI repurchased $279 million, or 1.4 percent, of its common stock during the first quarter through March 11, 2024.
Aluminum Association: North American Demand Dipped in 2023

Aluminum Association: North American Demand Dipped in 2023

It must be noted that imports dropped by nearly one-fourth, amidst flat domestic producer shipments.
Nippon Steel Denied Layoffs, Plant Closures Due to U.S. Steel Acquisition

Nippon Steel Denied Layoffs, Plant Closures Due to U.S. Steel Acquisition

The United Steelworkers (USW) too had expressed their strong protest over selling out the employees to a foreign entity.
Hydro to Complete Upgrades at Husnes Aluminum Plant

Hydro to Complete Upgrades at Husnes Aluminum Plant

Since September 2022, it has curtailed 80 out of the 200 production cells in the B line.
Raw Materials Squeeze Jolts Copper Out of its Torpor

Raw Materials Squeeze Jolts Copper Out of its Torpor

Macquarie estimates another two million tonnes of new or expanded capacity is also due to ramp up outside of China this year, increasing the pressure on concentrates availability.
Rusal’s 2023 Profit Slumps on Subdued Prices, Lower Production

Rusal’s 2023 Profit Slumps on Subdued Prices, Lower Production

Sales of primary aluminum, however, rose 6.6% to 4.2 million metric tons in the year ended Dec. 31, while production was largely unchanged at 3.8 million tons.
Nucor’s Steel Product Segment Earnings to See Decline in Q1 2024

Nucor’s Steel Product Segment Earnings to See Decline in Q1 2024

The improved performance at its DRI facilities was offset by lower margins at its scrap processing operations, the company press release said.
Biden to Raise Concern over Nippon Steel's Deal for U.S. Steel

Biden to Raise Concern over Nippon Steel's Deal for U.S. Steel

Last year, the Pittsburgh-based company launched a formal review of its strategic options after rebuffing a takeover offer from steelmaker Cleveland-Cliffs.
U.S. Steel Announced Strategic Investment in Freespace Robotics

U.S. Steel Announced Strategic Investment in Freespace Robotics

Freespace Robotics is a portfolio company from Carnegie Foundry, in which U.S. Steel is also an anchor investor.

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