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Aramco And Maaden Strengthen Their Minerals Push, Copper At The Center Of The New Saudi JV
Aramco and Saudi Arabian Mining Co (Maaden) have signed a shareholders’ agreement to establish a joint venture dedicated to mineral exploration and the development of hard-rock projects in Saudi Arabia. The agreement, announced on Tuesday August 18, will give Maaden a...
Naval Shipbuilding, Trump’s Plan Opens A New Frontier For American Steel
The revival of US naval shipbuilding could become one of the most important long-term demand drivers for the American steel industry. President Donald Trump has signed a National Security Presidential Memorandum aimed at reorganizing Navy construction programs,...
NPI Under Pressure In China, But Port Inventories Curb The Decline
The Chinese nickel pig iron (NPI) market lost momentum in the week ending Friday August 14, dragged down by weakness in nickel and stainless-steel futures. Demand from end users remained subdued and the decline in stainless-steel prices reduced mills’ willingness to...
HRC Steel, The Global Market Moves At Three Speeds Between US Records And New Trade Routes
The global hot-rolled coil market is moving at three different speeds. In the United States, the Midwest HRC price has reached $1,200 per short ton, its highest level in more than four years, supported by declining inventories and extremely limited spot availability....