Nucor chooses West Virginia for state-of-the-art steel mill
Nucor Corp will build a $2.7-billion steel sheet mill in Mason County, West Virginia, the company announced on Wednesday January 12. The mill will employ 800 when it is fully operational, and it will be able to produce 3 million tons of steel annually.
By Robert England
Fastmarkets AMM
January 14, 2022
Read more: Nucor chooses West Virginia for state-of-the-art steel mill
Auto steel recovery hinges on steel supply
The semiconductor chip shortage that has restrained a rebound in the automotive sector is poised to extend into mid-2022 or later, contributing to a steel inventory overhang that could dampen prices, according to analysts and forecasters.
Fastmarkets AMM
September 28, 2021
Solar to power CMC's new Arizona mill
Is the switching to scrap-based electric-arc furnace (EAF) steel production enough to get the industry to net-zero carbon dioxide emissions? The answer is probably not.
Fastmarkets AMM (American Metal Markets)
July 20, 2021
Truck shortages hit US steel shipments
A shortage of truck drivers and flat-bed trucks is delaying steel shipments at critical points in the supply chain and further driving up shipping costs and lead times, Fastmarkets has learned.
Fastmarkets AMM
April 7, 2021
Chamath Palihapitiya Weighs Lessons from a 'Tough Week'
With his deals seeing double-digit declines, the venture capital star encourages fellow investors not to be afraid of making changes.
Chief Investment Officer
March 16, 2021
Read more: Chamath Palihapitiya Weighs Lessons from a 'Tough Week'
Steel industry seeks edge in electric vehicle battery cages
With the popularity of electric vehicles (EVs) continuing to grow, the steel industry is looking to secure the material's place as the preferred choice for battery enclosures, and thus benefit from the increased steel demand that would follow.
Fastmarkets
December 15, 2020
Read more: Steel industry seeks edge in electric vehicle battery cages
Cliffs-AM deal could reshape steel industry
A big question hangs over the US steel market in the wake of Cleveland-Cliffs’ $1.4-billion acquisition of ArcelorMittal USA, according to industry analysts and market participants: What is it going to do with the new assets?
Fastmarkets AMM
October 14, 2020
Third-generation steels: Driving into the future
The steel and automotive industries have been working together to keep future vehicles strong, resilient and safe even amid lightweighting efforts. Third-generation steel products provide engineers with an increasing array of choices that will help steel maintain its role as the dominant material used in the construction of light vehicles.
Special Report
Fastmarkets
June 2020
US auto output to fall 13% in 2020: KeyBanc
When automakers in the United States reopen their plants they will be facing a deramatically weakened economy and sharply lower demand from consumers, James Picariello, chief automotive analyst at KeyBanc Capital Markets told Fastmarkets in an interview.
Fastmarkets AMM
March 23, 2020
From Director of the US Mint to the Very First Bitcoin IRA Customer
As interest in crypto has stirred anew, some long-term investors have chosen to invest in digital assets through an instrument that provides tax advantages — a self-directed Individual Retirement Account (IRA).
Cointelegraph
February 10, 2020
Read more: From Director of the US Mint to the Very First Bitcoin IRA Customer
Perpetual Monetary Easing: Problem Creator for Pension Plans
The shift has left some pension plans vulnerable to future shortfalls in liquidity.
Chief Investment Officer
January 16, 2020
Read more: Perpetual Monetary Easing: Problem Creator for Pension Plans
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