Steel Company News - Analyst Reports [more headlines]

Severstal profit down 89.7%, sees volatility ahead - MarketWatch
Mon, 20 May 2013 08:54:18 +0100
Tne Moscow News - MOSCOW--Russia's largest steel producer OAO Severstal said Monday it sees increasing volatility ahead as it reported its first-quarter net profit fell 89.7% on the year to $44 million, driven by lower prices and weak demand. MAIN FACTS. --First-quarter ...


Tata Steel profit may lag estimates - StarMine
Mon, 20 May 2013 06:44:33 +0100
Reuters Market Eye - Tata Steel Ltd(TISC.NS) may miss January-March profit consensus forecasts when it reports results on Thursday, according to Thomson Reuters StarMine data. StarMine's SmartEstimates, ...


Miner NWR looks to cut operations after record loss
Thu, 16 May 2013 13:03:53 +0100
Czech coal miner New World Resources said it would close or sell some unprofitable operations and cut jobs after posting a second straight record quarterly loss, boosting its shares from a record low. ...


Vedanta profit rises 21 percent as oil offsets iron ore hit
Thu, 16 May 2013 08:20:46 +0100
LONDON (Reuters) - India-focused miner Vedanta's (VED.L) full-year earnings rose 21 percent, as revenue from oil and gas assets acquired in late 2011 helped offset iron ore mining bans that cost it almost ...


Tube Investments gains after twin bulk deals - Business Standard
Wed, 15 May 2013 10:31:00 +0100
Tube Investments of India's consolidated net profit fell 22.1% to Rs 59.91 crore on 14.5% growth in net sales to Rs 2010.97 crore in Q4 March 2013 over Q4 March 2012. Tube Investments of India is primarily engaged in the production of steel tubes, cold ...


China's April crude steel output slips from March record ...
Wed, 15 May 2013 10:01:00 +0100
April steel output second highest on record. * Mills not expected to cut output -analysts. * April iron ore output almost flat to March (Adds details, iron ore output). By Ruby Lian and Fayen Wong. SHANGHAI, May 15 (Reuters) - China's crude steel ...


Figures show continued struggle for steel industry - China Daily
Wed, 15 May 2013 06:10:28 +0100
Proactive Investors Australia - China's steel industry continued to suffer from weak demand and thin profits during the first quarter, and the situation could continue for the rest of the year as prices keep falling. The latest data from the China Iron and Steel Association show that ...


Zanaga Iron Ore Company catches broker Liberum's eye - Proactive ...
Tue, 14 May 2013 16:53:00 +0100
Zanaga Iron Ore (LON:ZIOC) had its 'buy' rating repeated by City broker Liberum Capital this week. The stock has caught the attention of several analysts in recent weeks with broker Investec turning more bullish on the junior African iron ore groups at ...


Australia shares edges up as weaker Aussie dlr underpins NZ hits ...
Tue, 14 May 2013 03:00:00 +0100
Mon May 13, 2013 10:00pm EDT(Adds details, comments, stocks on the move)SYDNEY May 14 (Reuters) - Australian shares edged 0.2 percent higher on Tuesday after a softer Australian dollar lifted companies with a high exposure to the U.S. markets, but a weak outlook for iron ore prices weighed on mining stocks.Companies whose earnings are largely U.S. dollar based benefit when profits gained ...


Coal miner SouthGobi posts loss, revenue plunges
Mon, 13 May 2013 13:17:08 +0100
SouthGobi Resources Ltd, a coal miner whose main operations are in Mongolia, posted a first-quarter loss after its revenue plunged 92 percent as its flagship mine remained closed for the better part of ...


ArcelorMittal Posts 1Q Loss, Reaffirms Outlook - Zacks.com
Mon, 13 May 2013 12:50:00 +0100
Steel bellwether ArcelorMittal ( MT - Analyst Report ) posted a net loss of $0.3 billion or 21 cents per share in the first quarter of 2013 compared with a net income of $92 million or 6 cents per share a year ago. Analysts polled by Zacks were ...


ArcelorMittal Posts 1Q Loss, Reaffirms Outlook
Mon, 13 May 2013 05:51:32 +0100
ArcelorMittal reiterated its outlook for 2013 and expects to report earnings before interest, tax, depreciation and amortization (:EBITDA) above $7.1 billion assuming that the prices of iron ore and the margin of steel prices over raw material ...