Category: Market
U.S. Manufacturing Hits Lowest Point in 2024
U.S. manufacturing activity contracted in October, dropping to its lowest level of the year, according to the Institute…
Mill Steel Acquires Maryland Metals Processing to Expand National Reach
Mill Steel Co., one of the largest distributors of flat-rolled carbon steel, stainless steel, and aluminum in the…
Volkswagen Partners with Rivian in $5.8B EV Technology Deal
Volkswagen Group has announced a new strategic partnership with U.S.-based electric vehicle (EV) manufacturer Rivian, valued…
ArcelorMittal Q3 Results: 43% Drop in Profit Amid Global Steel Market Challenges
ArcelorMittal reported a sharp decline in its third-quarter 2024 financial performance, with net income falling by 43%…
Hubei Letong Resumes Manganese Flake Production Amid Price Surge
Hubei Letong, one of China’s key manganese flake producers, has resumed production at its facility, increasing output to 30-40…
UAE’s EGA Faces Bauxite Shipment Suspension from Guinea Amid Global Aluminium Market Disruptions
Emirates Global Aluminium (EGA), a prominent player in the aluminium sector based in the UAE, has announced the suspension…
Tharisa’s Record Chrome Output Boosts South African Metals Sector Amid PGM Price Slump
Tharisa has reported a historic achievement in chrome production, reaching 1.7 million tons for the fiscal year ending September…
China’s Nickel Sulphate Prices Rise Amid Producer Losses
In a significant response to increasing financial pressures, Chinese nickel sulphate producers have raised their prices following the Golden…
SAIC Motor to Challenge EU’s 45% Tariffs in Court
SAIC Motor, a prominent Chinese state-owned carmaker, has decided to escalate its dispute with the European Union by filing…
Understanding the True Cost of Raw Materials in Metal Fabrication
Raw Material Costs at the ForefrontIn the metal fabrication industry,…
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