Tag: CRU

A roundup of this week's CRU aluminum news.

In this Insight piece, CRU economists explore the possible economic effects of Trump's and Harris' agendas.

Global scrap prices increased in Asia and the US in October, although we believe downside risks remain for prices in the short term, particularly outside the US market.

Aloca reports strong results Alcoa‘s performance improved in Q3 due to reduced costs and higher alumina prices, the Pittsburgh-based company said in its Q3 financial results. The report coincided with an announcement on the future of Alcoa San Ciprián operations, in the Galicia region of Spain – a strategic agreement with IGNIS EQT, a Madrid-based […]

A roundup of the week's CRU aluminum news.

Iron ore prices spiked as the Chinese market reopened after the country’s seven day holiday, but the rally started to lose steam on Tuesday afternoon.

A roundup of the week's CRU aluminum news.

CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.

We are pleased to share this CRU analysis of the North American zinc market with SMU subscribers.

USTR’s final determination of Chinese tariffs The Office of the United States Trade Representative (USTR) announced its final decision concerning tariffs it will introduce against Chinese imports as part of its Section 301 investigation. The proposed modifications first announced in May were largely adopted, with several updates strengthening actions to protect American businesses. “Today’s finalized […]

Continued highly competitive steel exports from China, amid weakening global demand, have triggered a wave of trade protectionism across major markets.

A roundup of the week's CRU aluminum news.

CRU Principal Analyst Josh Spoores shares with SMU his analysis of the hot-rolled coil futures market.

Global crude steel production fell by 4% month over month (m/m) in July, led by a major drop in Chinese output, which fell 9% m/m.

A roundup of the week's CRU aluminum news.

SSAB plans to spend $12 million to boost production capacity at its electric-arc furnace (EAF) plate mill in Mobile, Ala. The Sweden-based steelmaker will do that by expanding the existing furnace there. Shot blast equipment will also be upgraded. The expanded capacity is expected to come online late next year. The mill currently has an […]

This CRU Insight explores how decarbonization will play a significant role in redefining steel trade patterns by shifting regional competitiveness and increasing steel demand needs.

CRU Aluminum Analyst Marziyeh Horeh shares a roundup of news making headlines in the aluminum markets this week.

CRU Aluminum Analyst Marziyeh Horeh shares a roundup of this week's news from the aluminum industry.

Here’s a roundup of some of the news making headlines in the aluminum industry this week from CRU’s Aluminum Analyst Marziyeh Horeh.

The Trade Remedies Authority (TRA) in the UK has proposed raising the tariff rate quota (TRQ) for imports of hot rolled sheet steel because of blast furnace closures at the Port Talbot works in south Wales. Tata Steel shut down one BF in July with the second to follow in September ahead of a switch […]

CRU Aluminum Analyst Marziyeh Horeh shares a roundup of this week's news from the aluminum industry.

The wind energy sector continues to be a key feature of our forecasts for steel plate demand. As overall demand in China slows, it will assume a greater importance in shaping future global trends.

Long seen as being dominated by iron ore operations in Western Australia, diversified miner Rio Tinto is at an inflection point in its growth, according to CEO Jakob Stausholm, who referred to a step change from its aluminium business and consistent iron ore production at Pilbara. “We have considerable growth in cash flow from the […]

A roundup of CRU aluminum news from the past week.

A roundup of aluminum news from CRU.

Both iron ore and coking coal prices fell this week because of resistance from buyers. Iron ore prices have continued to fall throughout the past week, following sharp declines in steel prices in China, given no new policy announcement from the ‘Third Plenum’ meeting.

High levels of steel imports, especially from China, in recent months are worrying steel makers in India and Vietnam.

The price gap between US cold-rolled (CR) coil and imported CR has fallen to a 10-month low as domestic tags continue to drift lower. Domestic CR coil prices averaged $920 per short ton (st) in our check of the market on Tuesday, July 16, down $40/st from the week before. CR tags are now down […]

The recently announced acquisition of Stelco by Cleveland-Cliffs (Cliffs), priced at nearly three times book value, provides a great price for Stelco shareholders. And various synergies will likely leave Cliffs with tremendous runway for further growth in this deal. Cliffs expects to close this deal in 2024 Q4 upon government approval. This approval is expected but not a given.