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Vale Q2 Earnings Review: Lower Iron Ore Prices Negatively Impact ...
Fri, 31 Jul 2015 18:44:00 +0100
Vale released its second quarter earnings results and conducted a conference call with analysts on Thursday, July 30. As expected, the sharp decline in iron ore prices over the course of the last year negatively impacted the company's results. However ...
http://www.forbes.com/sites/greatspeculations/2015/07/31/vale-q2-earnings-review-lower-iron-ore-prices-negatively-impact-results/


ArcelorMittal Pressured by China and Russia
Fri, 31 Jul 2015 07:31:00 +0100
LONDONSteel titan ArcelorMittal MT-2.31 % on Friday reported a rise in second-quarter profit lifted by lower foreign-exchange charges but warned that increased competition from steel imports, mainly from Russia and China, still threaten its business.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7c6dc6f3b9e445e19a7ddf3ce69c1be9&url=http%3a%2f%2fwww.wsj.com%2farticles%2farcelormittal-pressured-by-china-and-russia-1438321642%3fmod%3dpls_whats_news_us_business_f&c=yyTo2dJ87dgtbQd7kbpBK4X4KQf7MRN9sPUAApZrJq8&mkt=en-gb


ArcelorMittal Europe reports operating profit ...
Fri, 31 Jul 2015 06:02:01 +0100
GlobeNewswire - Luxembourg, 31 July 2015 - ArcelorMittal Europe today announced its results for the second quarter ended 30 June 2015. The segment recorded an operating profit of 352 million, compared with 245 million ...
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/arcelormittal-europe-reports-operating-profit-050201198.html


ArcelorMittal keeps forecast despite worse market view
Fri, 31 Jul 2015 00:07:00 +0100
BRUSSELS (Reuters) - ArcelorMittal , the world's largest producer of steel, retained its 2015 profit outlook, although it cut its forecast for global steel consumption this year with declining demand for steel in all regions except Europe. ArcelorMittal ...
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Vale beats iron ore slump, returns to profit in second quarter - ...
Thu, 30 Jul 2015 22:51:00 +0100
Vale overcame a slump in iron ore prices to report a net profit of $1.68-billion (U.S.) on Thursday, moving into the black for the first time in a year. That was a jump of 17.3 per cent from the same quarter a year ago, and more than four times the ...
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/vale-beats-iron-ore-slump-returns-to-profit-in-second-quarter/article25786276/


Did Steel Stocks Just Hit A Bottom J.P. Morgan Says Buying Opportunity ...
Thu, 30 Jul 2015 13:21:17 +0100
The analyst added that shirking imports, coupled with stable demand, could push steel prices higher through the end of the year. Analyst Michael Gambardella upgraded the rating on AK Steel Holding Corporation (NYSE: AKS) from Neutral to Overweight, ...
http://www.benzinga.com/analyst-ratings/analyst-color/15/07/5719174/did-steel-stocks-just-hit-a-bottom-j-p-morgan-says-buyin


Vale digs its way out of iron ore slump - Financial Times
Thu, 30 Jul 2015 12:50:39 +0100
Brazil's Vale, the world's largest iron ore producer, has bounced back in the second quarter of this year to report net profit of $1.68bn, up 17.3 per cent from a year earlier, helped by higher production and cost cuts. The results for the three months ...
http://www.ft.com/cms/s/0/c2ce90c0-36a5-11e5-b05b-b01debd57852.html


ArcelorMittal's Q2 Earnings Preview: Weak Market Conditions For Iron ...
Wed, 29 Jul 2015 17:10:33 +0100
ArcelorMittal (NYSE:MT), the world's largest steel producer, will announce its second quarter results and conduct a conference call with analysts on July 31. We expect the company to report weak earnings in Q2, given the sharp decline in iron ore ...
http://www.trefis.com/stock/mt/articles/307971/arcelormittals-q2-earnings-preview-weak-market-conditions-for-iron-ore-and-steel-to-negatively-impact-results/2015-07-29


Universal Stainless reports second quarter loss
Wed, 29 Jul 2015 15:49:21 +0100
Universal Stainless & Alloy Products today reported a second quarter loss, citing slumping demand from the oil and gas industry and customers who delayed purchases in anticipation of falling prices. The Bridgeville specialty steels producer said it lost $356,000, or 5 cents per share vs. earnings of $1.4 million, or 20 cents per share, in the year-ago quarter.
http://www.topix.com/business/steel/2015/07/150729F76MOP


Land Acquisition, Environmental Nods Hurting Industry: JSW Steel
Tue, 28 Jul 2015 05:32:00 +0100
Mumbai: The Indian steel industry faces constraints such as ease of doing business, land acquisition, environmental clearance and availability of finance at competitive prices, JSW Steel Chairman Sajjan Jindal has said. Speaking at the company's annual ...
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Credit Suisse sees 'extraordinary' steel exports from China - THE ...
Tue, 28 Jul 2015 02:54:47 +0100
Overseas sales from China rose to 52.4 million metric tons in the first half of the year, in line with Japan's total crude- steel production of 52.6 million tons for the period, Tokyo- based analyst Shinya Yamada said in a report. As export growth ...
http://www.businesstimes.com.sg/energy-commodities/credit-suisse-sees-extraordinary-steel-exports-from-china


Iron Ore Bargain-Hunting by China Wins Reprieve for Shipping - Bloomberg
Tue, 28 Jul 2015 00:16:45 +0100
The bear market in iron ore is sending Chinese steel mills on a bargain hunt and giving shipping companies their best rates this year. Analysts and brokers are already warning the good times won't last. The acceleration in bookings of Capesizes, ...
http://www.bloomberg.com/news/articles/2015-07-27/iron-ore-bargain-hunting-by-china-wins-reprieve-for-shipping



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