-
Felman Trading Inc. has significantly lowered its sales prices for manganese alloys in November.
-
Horsehead Holding Corp. recorded a third-quarter net loss of more than $9 million on lower London Metal Exchange zinc prices, but has expanded plans for its new North Carolina zinc smelter.
-
Employment at U.S. metal producers held steady in October, with 406,400 people working in the industry (not seasonally adjusted), according to the latest jobs report from the U.S. Bureau of Labor Statistics.
-
Due to a server disruption caused by Hurricane Sandy, the pricing database at amm.com/pricing was not fully updated between Oct. 29 and Nov. 4. Server service has since been restored and the pricing database has been updated retroactively.
-
Stainless steel mills in China have cut their bids for November nickel pig iron (NPI) after nickel prices fell on the London Metal Exchange.
-
Labor contract discussions between Alcoa Inc. and the United Steelworkers union for the Pittsburgh producer’s Aluminerie de Bécancour Inc. (ABI) smelter continue this week ahead of the Nov. 22 deadline.
-
Aluminium Bahrain BSC (Alba) registered a $35-million net loss in the third quarter, in contrast to adjusted net income of $97 million in the same period last year, due to lower prices on the London Metal Exchange and higher gas prices.
-
Rio Tinto Plc has entered into a power supply deal with an unnamed Chinese company for its Oyu Tolgoi copper-gold project in the South Gobi region of Mongolia.
-
China has kept export quotas unchanged for some minor metals for the coming year, while it reduced the quota for tin.
-
China’s underlying demand for refined copper will grow just 4 percent this year compared with apparent growth of 9 percent, according to the International Wrought Copper Council (IWCC).
-
HudBay Minerals Inc.’s third-quarter revenue fell 31.9 percent year on year as the Canadian miner closed its Trout Lake Mine in Manitoba and ore sales fell due to a drawdown of excess inventory, the company said in an earnings report Thursday.
-
Economic activity in the U.S. manufacturing sector expanded in October for the second consecutive month, with the Institute for Supply Management (ISM) purchasing managers’ index inching up one-fifth of a point to 51.7 percent.
-
GD Affiliates S de RL de CV of Monclova, Mexico, has filed a request with the North American Free Trade Agreement (Nafta) Secretariat for a panel review.
-
The Commerce Department’s International Trade Administration (ITA) is offering interested parties the opportunity to request administrative reviews of various duty orders.
-
Century Aluminum Co. posted a net loss of $12 million for the third quarter, nearly double the $6.6-million loss in the same period last year, on sales that fell 11.9 percent to $304.64 million from $345.65 million, but the company maintains that U.S. customer markets are strong and it remains optimistic.
-
Raw material prices aren’t expected to be a problem for titanium producers next year.
-
AMM's New York office is currently closed due to the effects of Hurricane Sandy. The AMM e-mail system is down and AMM staff in the United States are unable to receive messages. We expect to have services back up in the next several days and we will reply to e-mails as soon as possible. If you need to contact AMM urgently, please use the following directory.
-
South African steel and ferroalloys producers have expressed concerns over the power tariff hike proposed by national power company Eskom, with some saying the move may “change their business model."
-
With just days to go before the presidential election, the stakes are higher than ever as both candidates reach out to voters in their last-ditch efforts to obtain victory. AMM takes a closer look at the track records of President Obama and Republican rival Mitt Romney on issues pertaining to the metals and manufacturing industry.
-
The much-delayed Ambatovy joint venture in Madagascar is now very close to making its first nickel shipment, according to a top executive at Sherritt International Corp., the largest stakeholder.
-
Aluminum service centers are still feeling the impact from Hurricane Sandy as many are forced to delay or reroute trucks heading to East Coast customers.
-
Trading house Glencore International Plc said its marketing arm continued to trade “strongly” in the third quarter, but warned it does not expect much improvement in global economic conditions in the near future.
-
Led by the impact of recent acquisitions that offset a $2.4-million hit from a transformer fire, RTI International Metals Inc.’s earnings more than doubled in the third quarter despite flat titanium shipments and prices.
-
The U.S. International Trade Commission’s decision that revocation of an anti-dumping duty order on silicomanganese from Brazil likely would not lead to a continuation or recurrence of material injury to the domestic industry has been published in the Federal Register.