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Metals Thoughts: The almighty dollar

We are basically flat to prices from the first of July, and volatility has been coming off accordingly. As the new school year begins, we have new opportunities, but the low volatility regime is likely to persist for a couple more weeks as of yet — with the Sep. 20-21...

source: By Brad Yates
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The European Commission has now imposed definitive safeguard measures on the import of certain steel products, replacing the provisional measures put in place in July last year. The measure applies to 26 steel product categories,...

source: Forbes

US Steel's earnings are way up year-over-year, and tariffs on foreign steel appear to be the largest factor explaining why. The company's $592 million of net income in the fourth quarter was a nearly four-fold increase from...

source: Quartz

There seemed to be a disconnect recently: Caterpillar announced record profits per share for the fourth quarter 2018 and the full year, but its stock plummeted about 9 percent during the day. The company announced that sales and...

source: Equipment World

More than 3,000 bidders participated online and in person at Ritchie Bros.' multi-million-dollar unreserved public equipment auction in Las Vegas, Nevada, on Jan. 25, 2018. With bidders from 38 countries, approximately 85 percent of the...

source: Construction Equipment Guide

Nucor Corp. announced plans in January to build a new steel plate mill in the United States Midwest. Nucor's board approved an investment of $1.35 billion to build the mill, which is expected to be fully operational in 2022 and capable of producing 1.2 million tons a...

source: American Journal of Transportation

Elon Musk has released more information on Tesla's upcoming pickup truck, describing its design as a "futuristic-like cyberpunk, Blade Runner pickup truck," according to the Verge. In a Recode interview with Kara Swisher, Musk lets listeners...

source: Construction Equipment

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