Balanced Risk-Reward for Valmont - Zacks.comMon, 10 Mar 2014 21:17:07 GMT
On Mar 5, we issued an updated research report on steel pipe and tube company Valmont Industries, Inc. (VMI - Analyst Report). While the company should gain from strong demand environment across utility and coatings markets, it is exposed to volatility ...
Iron ore miner London Mining agrees offtake with CargillThu, 06 Mar 2014 09:09:23 GMT
Sierra Leone-focused London Mining (LSE: MIR.L - news) said on Thursday it has signed an offtake agreement with commodity trading giant Cargill, as it posted core profit below analysts' expectations. As part of the agreement Cargill will receive 1 million tonnes of iron ore concentrate from London Mining (Frankfurt: A0MQ3F - news) 's Marampa mine in Sierra Leone for five years. London Mining had ...
5-19-11 News: Olympic Reports Profitable QuarterTue, 04 Mar 2014 14:48:11 GMT
Olympic Steel Inc., Cleveland, enjoyed a 75 percent increase in sales during this year's first quarter, compared to the same period in 2010.
ArcelorMittal, Nippon Steel Name Modernized Facility - Zacks.comMon, 03 Mar 2014 22:23:33 GMT
ArcelorMittal (MT - Analyst Report) and Japan's Nippon Steel & Sumitomo Metal Corporation (NSSMY) have announced the new name for the world's most modern steel finishing facility AM/NS Calvert (formerly known as ThyssenKrupp mill) in Alabama.
Atlas confident of strong iron ore price - SBSTue, 25 Feb 2014 02:59:56 GMT
Atlas Iron is confident that the iron ore price will trade around $US120 per tonne over the next half as Chinese demand continues to hold up. The Pilbara-focused iron ore producer has swung back to profit after doubling revenue and upgrading its ...
Gerdau Posts Solid Q4 Earnings - Zacks.comMon, 24 Feb 2014 13:27:41 GMT
Brazilian steel maker, Gerdau S.A. (GGB - Analyst Report) reported impressive results for fourth-quarter 2013 on Feb 21. Net income in the quarter surged 244.1% year over year to R$491.6 million (US$216.6 million). For 2013, Gerdau reported net income ...
US Steel, Commercial Metals, Steel Dynamics cut to Hold from Buy ...Mon, 24 Feb 2014 13:11:12 GMT
US Steel ( X ), Commercial Metals ( CMC ) and Steel Dynamics ( STLD ) are downgraded to Hold from Buy at KeyBanc. USSteel -1.2% premarket as the firm cites stronger than expected flat rolled pricing headwinds and unexpected negative developments in the tubular segment, which has profit and valuation multiple consequences, as reasons for the downgrade; all else equal, every $5/ton change in flat ...
Steel mills to show better profitability on low raw material prices: ...Mon, 24 Feb 2014 12:32:16 GMT
Profitability of steel industry is likely to improve in coming quarters due to soft raw material prices
Iron ore prices staying solid - Whyalla NewsMon, 24 Feb 2014 00:32:03 GMT
Arrium Mining and OneSteel expects iron ore prices to remain at solid levels this year after it returned to profit as a result of record mining earnings. For the first half to December 31 the company recorded a statutory net profit of $220 million, up ...
Steel prices falling faster than expected, bearish Nomura analyst ...Thu, 20 Feb 2014 17:35:36 GMT
Nomuras Curt Woodworth, who has warned that steel prices would drop and hit shares of AKSteel ( AKS -0.9% ) and USSteel ( X +1.4% ), is back with an update because steel prices have dropped faster than he expected . Hot rolled sheet prices continue to roll over with spot values near $630-640/ton, Woodworth writes, buttressing his cautious view on U.S. integrated steel stocks as he sees ...
Citic Pacific posts 9.1pc rise in profitThu, 20 Feb 2014 17:09:00 GMT
Citic Pacific, the steel-to-property conglomerate of Beijing-backed Citic Group, may book impairment losses on its much-delayed and over-budgeted Australian iron ore project in the coming years after the project's losses widened. Citic Pacific chairman Chang Zhenming yesterday told reporters the amount of losses would depend on...
Fortescue triples profit, year iron ore output to rise 57 pctWed, 19 Feb 2014 02:10:08 GMT
* Fortescue H1 profits rises to $1.7 billion SYDNEY, Feb 19 (Reuters) - Australian miner Fortescue Metals (Munich: FVJ.MU - news) Group said half-year net profit more than tripled to $1.7 billion, in line with market forecasts, as it raced to dig more iron ore to meet higher production targets. The world's fourth-biggest iron ore producer set a guidance target to ship 127 million tonnes in the ...