USA

Alcoa to kick off reporting season

Alcoa will announce its first-quarter figures on Wednesday 8 April, and the market is expecting a solid start to the new financial year.  IG – Alcoa has made a big recovery since the credit crisis, but is in a stronger position after asset striping, slashing its dividend and restructuring. The largest ...

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US Steel to temporarily idle Minnesota ore operations

  Mining Technology –  United States Steel (US Steel) has announced plans to scale-down production and temporarily idle a portion of its Minnesota Ore Operations – Minntac plant in Mountain Iron, Minnesota. According to local union officials, this will come into effect from 1 June, resulting in job losses for ...

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North America: Primary Aluminium production declined in February 2015

  ِArabMetal – North America produced 348,039 tons of primary Aluminum in February 2015, down by – 3.64% compared to the production of 361,204 tons in February 2014. The majority of the decline due to lower production of the United States, in February 2015 to 129,626 tons, a decline by – ...

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USA: AK Steel to Report First-Quarter Loss as Steel Imports Rise

WSJ – AK Steel warned Thursday 19 March, that it would swing to a loss in its first quarter, due to unexpectedly high levels of steel imports. Shares in the company, down nearly 30% this year, fell 7.6% to $3.88 in recent after-hours trading. The West Chester, Ohio-based steel producer ...

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U.S. sets preliminary duties on Turkey welded pipe imports, spares S.Korea

Reuters – The United States on Tuesday set preliminary duties on  line pipe from Turkey after finding they are produced using unfair government subsidies, but spared South Korean imports. The U.S. Department of Commerce said anti-subsidy duties on the pipe, used for oil or gas pipelines, would range from 3.76 ...

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Alcoa to curtail 443 000 t of Suriname refining capacity

MiningWeekly – US-based aluminium and lightweight alloys producer Alcoa plans to curtail 443 000 t of alumina refining capacity at its Suralco plant, in Suriname. The NYSE-listed company, which earlier this month said that a review of its operations to cut costs could impact 14% of its global smelting capacity ...

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US flat-rolled steel market expecting prices to stabilize soon

  Platts – The precipitous decline in flat-rolled steel pricing in the US over the last four months is starting to show signs of a soft bottom, sources continued to say Friday. Platts maintained its daily hot-rolled and cold-rolled coil prices at $480-$495/st and $610-$630/st, respectively. All prices are normalized ...

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North America Primary Aluminum Production (USA and Canada) 1998 – 2014

  Source: The Aluminum Association Prepared by Arab Metal

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USA exported 925,429 tons in January 2015

  ArabMetal – Falls Church, VA. March 11, 2015. Amidst a steep jump in steel exports to one minor trading partner, and a sharp drop in shipments to another, total steel exports by the United States in January were nearly unchanged from last December. According to American Institute for International ...

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Alcoa’s warning of smelter closures shows impact of falling premiums

  Reuters – A warning by Alcoa that it may reduce smelting capacity is the first concrete sign that lower delivery premiums for aluminium are threatening producers amid low futures prices, traders and industry sources said. The vertically integrated aluminium company announced Friday it would review 14% of its smelting ...

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