Economic News [more headlines]

Steel sector held back by lack of stimulus - South China Morning ...
Tue, 18 Jun 2013 21:46:12 +0100
The mainland's steel, iron ore and coking coal industries remain in the doldrums with an uncertain outlook as there is no sign Beijing will launch economic stimulus policies, according to a senior official of a firm involved in all three sectors. "The ...


China steel price to stay low
Tue, 18 Jun 2013 19:13:00 +0100
/enpproperty--> China steel prices have dropped in spite of decreasing global output and easing oversupply, according to an article on the website of China Iron & Steel Association on Monday. The prices will fluctuate but largely remain low in the foreseeable future, said the article. Starting from the second quarter, overall demand has been rising while demand from industries with high ...


Russian coal miner Sibanthracite says plans London IPO
Tue, 18 Jun 2013 16:15:13 +0100
Russian niche coal miner Siberian Anthracite plans to list its shares in London and could raise up to $200 million, two market sources said, but it may struggle to attract investors at a challenging time ...


ArcelorMittal Given Neutral Rating at BNP Paribas (MT)
Tue, 18 Jun 2013 09:53:08 +0100
ArcelorMittal SA is a Luxembourg-based company involved in the mining and steel industry. In 2011, the Company had crude steel production of 91. Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings ...


Steel Dynamics Provides Second Quarter 2013 ...
Mon, 17 Jun 2013 23:30:00 +0100
PR Newswire - FORT WAYNE, Ind., June 17, 2013 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter earnings guidance in the range of $0.10 to $0.14 per diluted share. Second quarter ...


Rich list mogul Lakshmi Mittal wins websites with his name
Mon, 17 Jun 2013 19:38:39 +0100
Lakshmi Mittal, one of Britain's richest men, has fought off a businessman who bought up websites registered under the "Mittal" name and tried to sell them back for 6m.


AK Steel sees steep loss on costs, lower prices - MarketWatch
Mon, 17 Jun 2013 14:05:02 +0100
AK Steel Holding Corp. (NYSE:AKS) forecast a steep second-quarter loss due to lower prices for carbon steel products and higher maintenance costs from a planned seven-day outage at its Middletown blast furnace. The steelmaker estimated its ...


Tokyo Steel prices unchanged for 4th month amid rising China supply ...
Mon, 17 Jun 2013 06:01:24 +0100
TOKYO, June 17 (Reuters) - Tokyo Steel Manufacturing Co Ltd , Japan's top construction steel maker, will keep prices of key products unchanged in July for the fourth straight month amid rising supply from China and inventory adjustment at home. The ...


ArcelorMittal in major Quebec deal
Sun, 16 Jun 2013 05:58:29 +0100
I believe Mont-Wright will become a cornerstone of Premier Charests Plan Nord, said Peter Kukielski, head of mining at ArcelorMittal. With iron ore prices soaring to record highs above US$200 a tonne this year due to high Asian steel ...


Guinea president says Simandou target remains 2015
Fri, 14 Jun 2013 14:41:20 +0100
Guinean President Alpha Conde denied on Friday there had been a change to the expected start of iron ore production from Rio Tinto's part of the giant Simandou mine, sticking to what many analysts say ...


AKS Hikes Carbon Steel Prices Again
Fri, 14 Jun 2013 14:10:03 +0100
AK Steel is raising the spot market base prices for all carbon flat-rolled steel products.


General Moly Announces Results of Annual Meeting
Fri, 14 Jun 2013 13:30:00 +0100
Business Wire - General Moly, Inc. , a U.S.-based molybdenum mineral development, exploration and mining company, announced that it received approval for all


ArcelorMittal Receives Buy Rating from AlphaValue (MT)
Fri, 14 Jun 2013 13:13:32 +0100
ArcelorMittal SA is a Luxembourg-based company involved in the mining and steel industry. In 2011, the Company had crude steel production of 91. Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings ...


JSW Steel to Start Using Low Grade Iron Ore to Stop Supply Crisis ...
Fri, 14 Jun 2013 12:59:00 +0100
The Supreme Court of India had recently lifted the ban on iron ore mining in the Southern State of Karnataka, as reported by MetalMiner near JSW Steel's Bellary plant. Analysts believed that the biggest beneficiary of this decision, JSW Steel could ...


Friedman Industries, Incorporated Announces ...
Thu, 13 Jun 2013 23:03:00 +0100
Business Wire - Friedman Industries, Incorporated , a Texas-based company engaged in pipe manufacturing, steel coil processing and steel and pipe distribution, announced today its results of operations for the quarter and year ended March 31, 2013.