Metal & Steel News
The city's second and final vote on its ordinance is scheduled for Thursday.
The Treasury department did not have an immediate comment.
The operating income in Q1 2025 was $275 million.
The investment of $2.4 million in onsite solar park in its Pieve facility in Italy will reduce approximately 1,450 tons of carbon emissions annually.
Barrick Gold Corporation announced that the Reko Diq joint venture had approved the project's updated feasibility study as well as the budget to advance the major works this year.
Both companies remain committed to pursuing the deal because it makes strategic and economic sense.
Over the course of the week, the United States produced 1.682 million net tons (NT) of domestic raw steel.
The Trump administration has now reimposed the tariffs, prompting India to request WTO consultations.
The mine’s operation is expected to increase Russia’s copper production by 25% and gold production by 4%.
Trump slapped 25% tariffs on South Korea this month, which were later suspended for three months.
Prices for hot-rolled coils in the Nordic region rose by €10/t in the first half of April to €720/t EXW as of April 11.ArcelorMittal, to raise the price by €20/t – to €700/t EXW for April deliveries.
European producers are trying to increase prices for hot rolled coil (HRC) amid limited supply and low competition from imports. Over the last week, domestic prices rose by €5-10/t to €650-670/t EXW in Northern Europe and €615-630/t EXW in Southern Europe.
Maine-headquartered Western CAM is planning to build two facilities in the US to build “a resilient, domestic supply of battery materials” and make “proven chemistries manufacturable, affordable, and American,” rather than “waiting for next-generation breakthroughs.”
This week, BHP Group, Rio Tinto Group, and Vale all reported drops in quarterly shipments from the year before, the result of disruptions from cyclones in Australia’s Pilbara and heavy rains in northern Brazil. Rio was worst affected, with exports slumping 9% to a six-year low.
