Mar 12, 2021

U.S. Steel announced it acquired steel sheet patents from The NanoSteel Company, Inc. Stuart Burns broke down the challenge ahead for Sanjeev Gupta’s GFG Alliance amid the collapse of its top financial backer. Earlier this week, MetalMiner completed the March update to the Annual Outlook for this year. Sohrab Darabshaw on ArcelorMittal’s plans to build a steel plant in India. Speaking of ArcelorMittal, the steelmaker sold most of its US assets to Cleveland-Cliffs — contributor Christopher Rivituso delved into ArcelorMittal’s future with its remaining North American assets. Rio Tinto announced plans to build a tellurium plant at its Kennecott mine in Utah. Elsewhere, Nucor Corporation said it will invest $164 million to build a new tube mill in the Midwest. Burns broke down news of China’s latest Five-Year Plan and what it could mean for its massive steel sector. The US Court of International Trade dismissed a challenge of the US’s Section 232 tariff exclusion process. Copper fundamentals remain strong, but the copper price recently pulled back on a classic profit-taking sell-off. Circling back to ArcelorMittal, the steelmaker is asking for cash upfront in order to supply GFG Alliance, as the latter faces financial difficulties.