WA rating hostage to iron ore - The West AustralianWed, 17 Sep 2014 04:43:01 +0100
The State Government's iron ore price projections over the forward estimates period diverge sharply from those of commercial analysts. Budget forecasts predict a $US120.10/t average in 2015
Scrap metal firm John Lawrie sees its turnover slipTue, 16 Sep 2014 03:34:26 +0100
SCRAP metal and steel trader John Lawrie Group has posted a fall in annual revenues and profits, though the company has also hired more staff and cut its debt in the past year.
U.S. Steel Gets Federal Nod for Minntac Mine Expansion - Zacks.comMon, 15 Sep 2014 18:06:15 +0100
KARE - United States Steel Corp. (X - Analyst Report) received the final federal permits for expanding its Minntac facility in Mountain Iron, MN, from the U.S. Army Corps of Engineers. Minntac mine is the largest taconite mining operation on the Mesabi Iron ...
AK Steel Prices Shares, Senior Unsecured Notes Offerings - Zacks.comMon, 15 Sep 2014 17:16:44 +0100
AK Steel (AKS - Analyst Report) has priced its earlier announced offerings of 35 million shares of its common stock and senior unsecured notes, intended to fund its planned acquisition of Severstal Dearborn, LLC. The Ohio-based steel maker's shares ...
Business Mitsui may miss metals profit target on iron ore slumpSun, 14 Sep 2014 22:30:12 +0100
Japanese trading house Mitsui & Co may miss the current year's profit target for its metals business due to the slump in iron ore, warned a senior executive, who said prices may fall to as low as $80 a ton before rebounding.Mitsui expects prices to rebound to $100 as
China August crude steel output up 1% on year - MarketWatchSat, 13 Sep 2014 14:00:54 +0100
BEIJING--China's crude steel output in August rose 1% from a year earlier but fell 0.9% from July to 68.91 million metric tons, the National Bureau of Statistics said Saturday. The level was largely in line with analyst expectations that production ...
Japan's Mitsui may miss metals profit target on iron ore slumpFri, 12 Sep 2014 07:06:36 +0100
Japanese trading house Mitsui & Co <8031.T> may miss the current year's profit target of $1.1 billion for its metals business due to the slump in iron ore, warned a senior executive, who said prices may fall to as low as $80 a tonne before rebounding. Mitsui expects prices to rebound to $100 as early as the end of the year and the trading house's iron ore business will remain profitable even if ...
Asian silicon prices jump higher on tight supplyThu, 11 Sep 2014 06:15:00 +0100
Spot prices of 553-grade 98.5% silicon metal in Asia rose higher this week on tightening ... Two Chinese silicon analysts had heard export deals at $2,060-2,080/mt FOB this week while a Fujian-based producer had pegged the tradeable price at $2,080-2,100 ...
U.S. dumping decision bad news for U.S. Steel, analyst says - Seeking ...Wed, 10 Sep 2014 19:48:11 +0100
A group of five U.S.-based steel producers, including Nucor (NUE -0.9%) and Commercial Metals (CMC -2%), sued last year, accusing Turkey and Mexico of essentially undercutting U.S. prices to grab sales and market share; the U.S. confirmed duties on ...
Collapsing steel prices another ominous sign for iron ore: Andy Home ...Mon, 08 Sep 2014 21:36:27 +0100
Reuters - But then this is an industry defined by its ability to survive on the thinnest of profit margins and right now those margins are positive because the prices of steel inputs, namely iron ore and coking coal, have been falling faster than steel product ...
Iron ore output hike threatens 'disaster' - The AustralianSun, 07 Sep 2014 23:50:03 +0100
Rio Tinto and BHP Billiton in Australia, and Vale in South America the world's top three iron ore miners are ramping up production in a bet that their enormous efficiencies of scale will allow them to profit, even though prices are now less than ...
Xiwang Special Steel (HKEx: 1266) Announces 2014 Interim ResultsFri, 05 Sep 2014 01:30:00 +0100
Gross profit increased by 18.9% to RMB378.5 million Gross profit margin of production and sales of steel, the principal business of the Group, increased 1.8 ppts to 9.5% Shandong Xiwang Special Steel, listed as one of the 307 enterprises fulfilling the iron and steel industry specification by the Ministry of Industry and Information Technology of the PRC, will be beneficial to market ...