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Aluminum: Arconic cuts sales outlook due to Tennessee plant outage
Arconic has lowered its full-year 2022 aluminum sales forecast, after raising it in May, due to tighter margins in its operations and an equipment outage at its Tennessee operations. The aluminum producer's revenue is now expected to be between $9.6 billion and $10...
Steel: ArcelorMittal cuts production at another German plant
ArcelorMittal has reduced working hours at its integrated steel mill in Eisenhüttenstadt, Germany, starting Monday, Aug. 1, due to low demand. ArcelorMittal Eisenhüttenstadt is applying reduced working hours to its flat-rolling lines during August and September to...
Copper: prices recovering thanks to Chinese stimulus and infrastructure
Copper prices are expected to rebound further in the coming months after heavy losses, thanks to increased infrastructure spending and other stimulus to the economy from China. Lme-listed 3-month copper fell 36 percent in the four months after hitting a record high of...
US Steel aims for 40 percent domestic metal supply for steelmaking by 2024
By 2024, US Steel intends to internally source 40 percent of iron-based metals for steelmaking, up from the current 10 percent, favoring pig iron over directly reduced iron. "Access to raw metals is what keeps our mini-steel mill competitors awake," said CEO Burritt....