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NMDC Q3 Profit Declines Nearly 59% On Fall In Iron Ore Prices - Daily ...
Sat, 13 Feb 2016 09:28:07 GMT
State-run iron ore miner NMDC on Friday posted 58.8% decline in standalone net profit at Rs 655.04 crore for the quarter ended December 31, 2015, due to fall in iron ore prices. The company had reported a net profit of Rs 1,593.01 crore in the year-ago ...
http://www.dnaindia.com/money/report-nmdc-q3-profit-declines-nearly-59-on-fall-in-iron-ore-prices-2177325


European steel outlook negative as prices sink - London South East ...
Fri, 12 Feb 2016 17:37:13 GMT
(ShareCast News) - Moody's has changed its outlook for the European steel sector to negative as the sharp fall in steel prices weighs heavily on profitability such that it will take at least 18 months to return to levels close to those of 2014. However ...
http://www.lse.co.uk/sharecast-news-article.asp?ArticleCode%3D23976424%26ArticleHeadline%3DEuropean_steel_outlook_negative_as_prices_sink_Moodys_says


Surya Roshni Ltd to set up new steel pipe unit in Hindupur District ...
Fri, 12 Feb 2016 17:17:20 GMT
The Board of Directors of Surya Roshni Ltd at its meeting held on February 10, 2016, has approved the proposal to set-up New Steel Pipe Unit in Hindupur Dist. Ananthapuramu, Andhra Pradesh at a Project cost of Rs. 66 crores (approx.) for Manufacturing ...
http://www.equitybulls.com/admin/news2006/news_det.asp?id%3D178871


European steel outlook negative as prices sink, Moody's says - DIGITALLOOK
Fri, 12 Feb 2016 16:50:01 GMT
Moody's has changed its outlook for the European steel sector to negative as the sharp fall in steel prices weighs heavily on profitability such that it will take at least 18 months to return to levels close to those of 2014. However, Russian ...
http://www.digitallook.com/news/commodities/europes-steel-outlook-negative-as-price-sink-moodys-says--1034205.html


ArcelorMittal SA's full-year loss widens dramatically - BDlive
Fri, 12 Feb 2016 06:51:12 GMT
STEEL maker ArcelorMittal SA's full-year results reflect the dramatic deepening in the commodities downturn, with the steel industry taking a hit from China's economic slowdown. For the year to end-December, the headline loss per share widened to R13 ...
http://www.bdlive.co.za/business/industrials/2016/02/12/arcelormittal-sas-full-year-loss-widens-dramatically


Brazil's Usiminas in talks to refinance loans - sources
Fri, 12 Feb 2016 05:33:00 GMT
However, an ongoing dispute between controlling shareholders Nippon Steel & Sumitomo Metal Corp and Techint Group has made it tougher for Usiminas to raise new capital, all the sources said. Usiminas, Techint and Santander Brasil did not have an immediate ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7ADC59567E0E4E9988D6FCBB70AB0C8B&url=http://www.reuters.com/article/usiminas-loans-restructuring-idUSL2N15R0PT&c=flwDdxBfE7V3iOf3k5naqc0d7Teq8BN9BDmnseq6rF4&mkt=en-gb


BlueScope tips $50m profit boost after job cuts, new Port Kembla ...
Fri, 12 Feb 2016 02:49:43 GMT
Steel spreads, the difference between the cost of key steel-making materials iron ore and coal and the selling price of steel, are a key metric in the industry. BlueScope shares surged 14 per cent to $4.99 at 1.30pm AEDT on Friday. Perpetual portfolio ...
http://www.smh.com.au/business/mining-and-resources/bluescope-upgrades-profit-forecast-to-230m-20160211-gms53n.html


Ferrochrome price nears bottom, but no improvement expected just ...
Thu, 11 Feb 2016 22:00:00 GMT
The ferrochrome market is nearing the bottom of the cycle. This is evidenced by the fact that the latest price contractions have resulted in closures across the supply chain, states mining consultancy Core Consultants MD Lara Smith. She notes that stainless steel production during quarter four of 2015 declined to 9.5-million tons, compared to 11-million tons in quarter three (Q3) of 2015 and 9.9-million tons in quarter four (Q4) of 2014.
http://www.miningweekly.com/article/ferrochrome-price-nears-bottom-no-major-improvements-envisaged-analyst-2016-02-05


Why Did Analysts Cut United States Steel's Target Price - Yahoo ...
Thu, 11 Feb 2016 18:47:29 GMT
Yahoo Finance UK - According to data compiled by Bloomberg, United States Steel has a consensus one-year price target of $9.11. Before the company's 4Q15 earnings were released, United States Steel's consensus one-year price target was $10.68. Some analysts have cut ...
http://finance.yahoo.com/news/why-did-analysts-cut-united-184715407.html


Weak Container Pricing Saps Textainer Group Holdings Limited's Earnings ...
Thu, 11 Feb 2016 16:04:46 GMT
The shipping container leasing company was hit not only by decreased customer demand as trade growth slowed more than expected, but container prices plunged due to weak steel prices and muted demand for new containers. Neither trend is showing any ...
http://www.mysanantonio.com/business/fool/article/Weak-Container-Pricing-Saps-Textainer-Group-6823424.php


Moody's downgrades Tata Steel credit rating - Economic Times
Thu, 11 Feb 2016 13:31:00 GMT
'With no respite expected from the downward pressure on international steel prices, we anticipate the company's leverage and coverage metrics to remain weakly positioned for the next 12 to 18 months,' said Kaustubh Chaubal, Moody's Vice President and ...
http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/moodys-downgrades-tata-steel-credit-rating/articleshow/50948438.cms


Rio Tinto ditches boom time payout policy as profit plunges
Thu, 11 Feb 2016 11:49:20 GMT
MELBOURNE/SYDNEY Reuters - Rio Tinto scrapped its generous payout policy in the face of a bleak outlook for the global economy after it slumped to a net loss for 2015 and posted its worst underlying earnings in 11 years.
http://uk.reuters.com/article/uk-rio-tinto-results-idUKKCN0VK0N7?feedType=RSS&feedName=businessNews


Liberia: Iron ore prices projected to drop in 2016 Report - Hellenic ...
Thu, 11 Feb 2016 11:10:49 GMT
The Central Bank of Liberia (CBL) has projected the price of iron ore to average US$50 per metric ton during the first half of 2016, according to a CBL report. The report covering the bank's financial and economic activities between July and September ...
http://www.hellenicshippingnews.com/liberia-iron-ore-prices-projected-to-drop-in-2016-report/


Rio Tinto's iron ore revenue halves in fiscal 2015; China outlook ...
Thu, 11 Feb 2016 10:22:51 GMT
Rio Tinto has delivered perhaps its most pessimistic outlook yet for the iron ore market, saying record steel exports from China and declining scrap use in the steelmaking process were 'far from sufficient to absorb the growth in low-cost seaborne ...
http://www.platts.com/latest-news/metals/melbourne/rio-tintos-iron-ore-revenue-halves-in-fiscal-26365628


Sale of Italian steel giant Ilva draws 29 potential bidders - Reuters
Wed, 10 Feb 2016 23:33:59 GMT
Reuters - ROME Feb 10 Some 29 companies or consortia have registered initial interest in buying all or part of the European Union's largest steel plant, Ilva, the company said on Wednesday. The government took over administration of the loss-making Ilva last ...
http://www.reuters.com/article/ilva-italy-idUSL8N15P5O9



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