How The Fall In Iron Ore Prices Has Impacted Steel CompaniesThu, 18 Dec 2014 22:30:15 GMT
Iron ore prices are a key metric investors in steel plays should watch. Iron ore is the primary raw material for producing steel.
China Major Lead Smelters to Cut Output on Price SlumpThu, 18 Dec 2014 18:08:00 GMT
SMM also learns that many lead producers in Hunan and Jiangxi also plan to cut production, and some have already begun reducing output. Shanghai lead prices in the futures market tumbled in recent days and hit the lowest since the contract began in 2011 on ...
AK Steel Gains In Extended Session On Q4 Profit OutlookThu, 18 Dec 2014 16:18:43 GMT
AK Steel Holding Corporation shares rose in the extended session after the company said fourth-quarter earnings will be higher than expected despite a 10 percent decline in its selling prices. The company gained nearly 6 percent recently, changing hands at $5.89, after gaining 6 percent in the regular session.
Russia's oligarchs lose 5.5bn in 48 HOURS amid economic turmoilThu, 18 Dec 2014 03:14:18 -0800
Alisher Usmanov, once Britain's richest man, lost 500million, and Roman Abramovich's fortunes shrunk by 288million after panic among international investors lead to a collapse in the value of the rouble.
Overview: Key Steel Industry Indicators Investors Should TrackThu, 18 Dec 2014 10:38:00 GMT
US Steel: Industry Indicators Investors Should Track (Part 1 of 14) Key steel industry indicators The steel industry was having a decent run this year until the recent carnage caused by collapsing crude oil prices. Share prices of most steel plays have ...
Iron ore at 5-1/2 year low, China buyers wary of tax loophole closure ...Thu, 18 Dec 2014 08:45:50 GMT
Benchmark iron ore slips for ninth consecutive session * China rebar, iron ore futures edge up * Market still awaiting clarity on steel export tax rebates (Updates prices) By David Stanway BEIJING, Dec 18 (Reuters) - Iron ore prices slipped to fresh 5 ...
Demand for domestic iron ore slackens in Chinese marketThu, 18 Dec 2014 03:46:00 GMT
At the same time, traders' offers of domestic production iron ore in Tangshan and Liaoning Province have continued to follow a downtrend, while transaction activity for domestic iron ore is generally slack. At present, Indian fine ores of 63.5 percent ...
Asia silicon: Spot prices dip further on low demand, ample supplyThu, 18 Dec 2014 00:36:00 GMT
A Fujian-based producer reported this week a sale of around 100 mt of the metal at $2,010-2,020/mt FOB ($2,060-2,070/mt CIF Rotterdam) for mid-January loading from Huangpu, while another sold 240 mt at $2,010/mt FOB China ($2,020/mt CIF Japan) for late ...
Steel Dynamics Provides Fourth Quarter 2014 ...Wed, 17 Dec 2014 23:00:00 GMT
PR Newswire - FORT WAYNE, Ind., Dec. 17, 2014 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided fourth quarter 2014 earnings guidance in the range of $0.33 to $0.37 per diluted share, which includes ...
AK Steel Provides Fourth Quarter 2014 GuidanceWed, 17 Dec 2014 16:30:00 EST
WEST CHESTER, Ohio, Dec. 17, 2014 /PRNewswire/ -- AK Steel (NYSE: AKS) today provided guidance for its fourth quarter 2014 financial results. AK Steel said that, despite incurring approximately $31 million in costs associated with a planned Ashland Works blast furnace outage,...
Steel Dynamics Receives Average Recommendation of Buy from AnalystsWed, 17 Dec 2014 19:36:08 GMT
Shares of Steel Dynamics have been given a consensus rating of Buy by the twelve ratings firms that are covering the stock, American Banking and Market News reports . Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company.
Iron ore extends slide on China's economic woes - The Australian ...Wed, 17 Dec 2014 19:23:05 GMT
The price drop is exacerbated by the weaker Chinese PMI data, Kelly Teoh, an iron ore derivatives broker at Clarkson Securities in Singapore, said. Fundamentally, we've got a huge supply situation. Supply isn't going to stop. Photo: Bloomberg.
Nucor Louisiana plant shutdown to last until late first-quarter - ...Wed, 17 Dec 2014 16:49:23 GMT
The AdvocateThe shutdown will result in a fourth-quarter loss for Nucor Steel Louisiana of about $30 million, or 6 cents per share. Still, the company expects an overall profit in the range of 50 cents to 55 cents per share. A year ago, Nucor earned 53 cents per ...
The Russian billionaires burned by economic squeezeWed, 17 Dec 2014 07:28:21 -0800
A combination of targeted sanctions, uncertainty over Ukraine and a slump in oil prices has erased billions from the portfolios of Russia's wealthiest men
ArcelorMittal (MT): New Analyst Report from Zacks Equity Research ...Wed, 17 Dec 2014 12:00:12 GMT
We are retaining our Neutral recommendation on ArcelorMittal. The company swung to a profit in the third quarter, aided by its ongoing cost management initiatives