AMM Daily

Friday Jul 25 2014
AMM’s daily issue is a collection of the top stories as selected by our editors. Access is restricted to subscribers and trialists so if you aren’t subscribing, you are missing the benefit of our editors' experience in judging the most critical news items of the day. Subscribe or take a free trial today.

Latest News By Category

Steel RSS

  • Essar Steel Algoma finalizes funding deal

    Jul 24, 2014 | 08:14 PMThorsten Schier

    Essar Steel Algoma Inc. has finalized the terms of an agreement that would provide the struggling steelmaker with a near-term capital infusion of $100 million.

  • Nucor mulling growth opportunities

    Jul 24, 2014 | 07:15 PMMichael Cowden

    Nucor Corp. continues to mull acquisitions, but won’t aim to add more sheet capacity, its top executive said.

  • Cliffs tumbles into red amid lower prices

    Jul 24, 2014 | 02:48 PMNat Rudarakanchana

    Cliffs Natural Resources Inc., the largest U.S. iron ore miner, posted a $1.9-million net loss in the second quarter amid falling iron ore and metallurgical coal prices.

Nonferrous RSS

  • Brazil outages could boost US silicon prices

    Jul 24, 2014 | 06:30 PMNathan Laliberte

    Silicon production outages in Brazil could lead to supply shortfalls and spot price increases if the situation continues, North American silicon market participants said, although manganese alloy suppliers expect little impact on their market.

  • Kaiser plans extrusion growth on auto strength

    Jul 24, 2014 | 05:23 PMNathan Laliberte

    Kaiser Aluminum Corp. is actively expanding its automotive extrusion capabilities in an effort to meet spiking demand from the sector, the company’s top executive said.

  • Teck earnings slide in second quarter

    Jul 24, 2014 | 03:48 PMSaranya Kapur

    Teck Resources Ltd.’s second-quarter earnings were dented by weaker copper results, but profits from its zinc business surged due in part to stronger sales and higher pricing.

Scrap RSS

  • US ferrous scrap export prices to Asia slip

    Jul 24, 2014 | 06:07 PMSean Davidson

    Bulk and containerized ferrous scrap export prices into most Asian markets fell this week as demand remained weak.

  • Japan alloy rush may boost US zorba

    Jul 24, 2014 | 04:51 PMSean Davidson

    Domestic and export prices for zorba, a nonferrous auto shred comprised mostly of aluminum, could trek higher in August as Chinese smelters look to fill up inventories to cater to strong alloy demand from Japan, according to some market participants.

  • Fla. recycler claims lender forced bankruptcy

    Jul 23, 2014 | 08:42 PMLisa Gordon

    A Miami metals recycler claims it was wrongly pushed into bankruptcy by its lender.

Supply Chain RSS

  • PCC mulls another $6B in acquisitions

    Jul 24, 2014 | 06:04 PMFrank Haflich

    Precision Castparts Corp. (PCC) could spend another $4 billion to $6 billion on acquisitions during the next three years, chairman and chief executive officer Mark Donegan said.

  • Reliance net jumps; flat shipments a concern

    Jul 24, 2014 | 05:43 PMNat Rudarakanchana

    Reliance Steel & Aluminum Co.’s earnings jumped in the second quarter, but flat shipments vs. the first quarter sparked some concern from analysts.

  • Caterpillar gets construction boost, mining segment weak

    Jul 24, 2014 | 12:47 PMThorsten Schier

    Caterpillar Inc.’s construction segment contributed to a 4.1-percent increase in second-quarter net income, offsetting continued weakness in its mining segment.

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