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Russian steelmaker MMK posts $2.2 bln Q4 net loss due to one-offs
Tue, 22 Apr 2014 08:19:00 +0100
Russian steel major MMK said its fourth-quarter net loss widened to $2.2 billion due to impairment charges and forecast higher steel sales in the first quarter of 2014. A Reuters poll of analysts had expected a net loss of $40 million excluding the one-off charges, which MMK said on Tuesday totalled $2.5 billion for 2013. MMK, controlled by billionaire Viktor Rashnikov, said its net debt fell by ...

Glencore Xstrata PLC (LON:GLEN) Likely to Return Capital to Shareholders ...
Mon, 21 Apr 2014 18:17:43 +0100
Glencore Xstrata PLC (LON:GLEN) Likely to Return Capital to Shareholders. April 21, 2014. Deutsche Bank Analyst Rob Clifford says Glencore Xstrata PLC has high prospects for capital returns. Clifford says Glencore is in the process of selling Las ...

8-2 U.S. Steel Cuts Losses
Mon, 21 Apr 2014 00:56:46 +0100
United States Steel Corp. moved closer to profitability during the second quarter.

United States Steel Is Down, But Not Out
Sat, 19 Apr 2014 09:31:00 +0100
United States Steel finally returned to profitability as the fourth-quarter provided a much needed breakthrough for the steelmaker.

AK Steel EPS Estimates Down In Past Month
Thu, 17 Apr 2014 19:08:45 +0100
Expectations have dropped for AK Steel's first quarter results in the month leading up to the company's earnings announcement slated for Tuesday, April 22, 2014. The consensus analyst estimate has dropped from eight cents a share to the current estimate of a loss of 43 cents a share.Over the past

Analyst Views: What did you make of BHP Billitons operational ...
Thu, 17 Apr 2014 01:23:22 +0100
RICHARD KNIGHTS LIBERUMTheyve upgraded their iron ore and coal production targets, which is a slight positive. BHPis doing what most companies are doing in the face of low prices increasing output ...

Sales at world's largest rare earth firm halves, profits evaporate
Wed, 16 Apr 2014 21:59:00 +0100
Inner Mongolia Baotou Steel Rare-Earth Group recorded profits of only $11.2 million (69.4 million yuan) while revenues more than halved to $160 million (1.09 billion yuan). Baotou said sales volumes and realized prices for its rare earths - use a variety ...

AK Steel Hikes Stainless Steel Prices -
Wed, 16 Apr 2014 20:42:29 +0100
AK Steel Holding Corporation (AKS - Analyst Report) will hike prices of commodity sheet and strip, pipe and tube sheet and strip as well as specialty sheet and strip through a discount reduction of 2 percentage points. The company will raise prices of ...

JSW Steel takes a brief pause - Business Standard
Wed, 16 Apr 2014 17:34:11 +0100
However, of late, the rupee's appreciation, which led to softer domestic steel prices, has raised concern on steel stocks. JSW has corrected eight per cent compared to its peak levels. The concern on steel prices is also reflected in analysts ...

China's rare earth firm Q1 profit slumps 70 pct
Wed, 16 Apr 2014 07:54:00 +0100
China's major rare earth producer Inner Mongolia Baotou Steel Rare-Earth Group said its net profit slumped 71.71 percent year on year to 69.38 million yuan ($11.26 million) in the first quarter of 2014. Its revenue tumbled 52.76 percent from the same ...

Chinese Stocks Rise as Economic Data Spur Speculation
Wed, 16 Apr 2014 07:48:00 +0100
Founder Securities Co. gained 3 percent after posting higher profits, leading gains by brokerages. Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. sank 4.1 percent after net income fell. Gross domestic product rose 7.4 percent in the first quarter from ...

Fortescue iron ore shipments surge - The Australian
Wed, 16 Apr 2014 03:02:30 +0100
Despite the strong rise, UBS analyst Glyn Lawcock had expected total shipments come in at 32.6 million tonnes and warned that even that figure may not be enough to put Australia's third-largest producer of iron ore on track to meet its full-year ...

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