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Iron ore price crash erases $74b in market value
Sun, 19 Apr 2015 21:35:30 +0100
The plummeting iron ore price has wiped $74 billion from the value of Australia's key iron ore mining stocks since January 2014, and analysts expect share prices to continue their decline as the price for the commodity slides.

Steel Dynamics (STLD) Scheduled to Post Earnings on Monday - Dakota ...
Sun, 19 Apr 2015 08:53:10 +0100
Nasdaq - Dakota Financial NewsSteel Dynamics logo Steel Dynamics (NASDAQ:STLD) will release its Q115 earnings data on Monday, April 20th. Analysts expect Steel Dynamics to post earnings of $0.15 per share and revenue of $2.17 billion for the quarter. Steel Dynamics ...

Egypt's Ezz Steel posts first-half net loss of LE176 mln
Sun, 19 Apr 2015 08:14:00 +0100
Ezz Steel, Egypt's biggest steelmaker, posted a first-half net loss of LE176 million ($24.6 million) on Thursday, compared with a net profit of LE302 million a year earlier. The first half of 2014 has been a challenging period for the business, as the ...

Profit Expected to Dip for Steel Dynamics - Forbes
Fri, 17 Apr 2015 20:00:56 +0100
Forbes - ForbesDespite an expected dip in profit, analysts are generally optimistic about Steel Dynamics as it prepares to reports its first-quarter earnings on Monday, April 20, 2015. The consensus earnings per share estimate is 14 cents per share. The consensus ...

Moody's deaf to FMG case
Fri, 17 Apr 2015 00:31:00 +0100
Fortescue Metals Group has failed to convince credit ratings agencies its cost-cutting measures will lead to healthy profits, with Moody's Investor Services cutting the embattled iron ore miner's rating in the wake of yesterday's quarterly production report.

U.S. Steel Tweaks Management in Europe, North America -
Thu, 16 Apr 2015 21:33:36 +0100
Zacks.comBetter-ranked companies in the steel industry include Evraz Highveld Steel & Vanadium Ltd. (HGVLY), ThyssenKrupp AG (TYEKF - Snapshot Report) and LB Foster Co. (FSTR - Analyst Report). While ThyssenKrupp sports a Zacks Rank #1 (Strong Buy), ...

ArcelorMittal (MT) Steel to be Used in the Mall of Egypt -
Thu, 16 Apr 2015 16:59:15 +0100
Steel giant, ArcelorMittal (MT - Analyst Report) announced that its Distribution Solutions' construction business unit has delivered about 10,000 square meters of Hacierco 60, Hacierco 70 and Hacierco 90 decking profiles for the construction of the ...

Analysts Predict $0.42 EPS for Commercial Metals Company in Q2 - ...
Thu, 16 Apr 2015 14:12:18 +0100
The Markets DailyCommercial Metals Company together with its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network, including steel mini mills, steel fabrication and processing plants, construction ...

Indias steel demand seen growing as Modi seeks faster investment
Thu, 16 Apr 2015 05:09:00 +0100
and JSW Steel Ltd. Demand may expand by about 5% this year to March, according to the average of eight estimates from industry executives, government officials and analysts surveyed by Bloomberg, from 3% in the previous year. Sales will be boosted by a ...

Australia's treasurer rejects Glencore-Rio Tinto merger
Wed, 15 Apr 2015 00:00:00 +0100
Glencore and Rio Tinto's merger is facing challenges as Australia's treasurer rejected the proposal citing concerns about loss of tax revenue for the country.

Falling iron ore price threatens Aurizon's rail plans - The Australian ...
Tue, 14 Apr 2015 15:17:51 +0100
Aurizon does not haul any iron ore in the Pilbara, but does have four rail haulage contracts with miners in the mid-west region. The contracts contribute some $110 million in earnings, or around 11 percent of the group's estimated pre-tax profit in ...

China announces major capacity cuts
Tue, 14 Apr 2015 00:44:00 +0100
Many Chinese steel companies have developed e-commerce platforms. Baosteel offers, Hunan Valin Iron & Steel has set up and both have turned losses into profits. Minmetals Development Co's e-commerce platform has boosted ...

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