USA

Copper eyes small weekly loss as stronger dollar drags

  Reuters – London copper was headed for a weekly loss as a stronger dollar dented appetite for commodities, while traders said it was too soon after China’s Lunar New Year break to determine the demand outlook in the world’s top user of metals. In the short term, the market ...

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USA: Kobe Steel considers $800 million U.S. aluminium plant for car supplies

japantimes – Kobe Steel Ltd., supplier of aluminum sheet to half of the nation’s auto industry, is considering building a ¥100 billion plant in the U.S. to expand sales to Japanese carmakers operating in North America. The prize is an expected tenfold increase in demand for aluminum sheet in the ...

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US steel prices tumble in February

WSJ – Domestic steelmakers in the US slashed prices in February to cope with a flood of imports juiced by the strong dollar, a move that will pressure their profit margins and reduce costs for buyers of steel, including auto makers. According to figures released Wednesday by the American Iron ...

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North American Aluminum Demand Grows 5.0 Percent in 2014

AA — The aluminum industry in the United States and Canada saw year-over-year demand growth of 5.0 percent through the end of 2014. This according to preliminary data released today in the Aluminum Association’s monthly “Situation Report.” The estimated 25.5 billion pounds (1,133,981 mt) of aluminum shipped by North American ...

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US steel exports decline by 5 percent in 2014

According to AIIS Statement 6 February 2015. Steel exports fell slightly from November to December, capping off a 5 percent decline for the year. The 2.6 percent drop for the last month of 2014 largely resulted from decreases in exports to the United States’ North American Free Trade Agreement (NAFTA) ...

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US Steel Corp. to cut production

U.S. Steel Corp., headquartered in Pittsburgh, has announced plans to temporarily adjust operations at its Lone Star Tubular Operations in Lone Star, Texas, and at its Fairfield Tubular Operations in Fairfield, Alabama. The company’s Fairfield Works plant, the primary flat-roll supplier of rounds to its Fairfield Tubular Operations, also will ...

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