Steel industry economic news - prices, costs, investment.


Economic News [more headlines]

Economic steel sector headlines and reports



Iron ore price decline hurts U.S. Steels cost advantage over rivals
Fri, 21 Nov 2014 20:35:35 -0800
U.S. Steel Corp.s cost advantage over competitors from owning its iron ore mines is shrinking as the price of the commodity used to make steel ...
http://triblive.com/business/headlines/7191828-74/steel-ore-iron


Iron ore price decline hurts U.S. Steel's cost advantage over rivals ...
Sat, 22 Nov 2014 04:23:35 GMT
Analysts said iron ore's decline to $70 a metric ton puts pressure on the Downtown-based steelmaker because competitors will benefit from lower raw material costs that U.S. Steel has long enjoyed. That pressure will mount as steel prices follow iron ...
http://triblive.com/business/headlines/7191828-74/steel-ore-iron


African Minerals eyes mine stake sale to stay afloat
Fri, 21 Nov 2014 12:03:28 GMT
African Minerals will seek to sell part of its stake in the Tonkolili iron ore mine in Sierra Leone in what analysts say is a last-ditch effort to stay afloat, after it failed to secure the release of ...
http://uk.finance.yahoo.com/news/african-minerals-eyes-mine-stake-120328983.html


Quebec's ambitious Plan Nord mineral project goes south
Fri, 21 Nov 2014 04:00:00 -0800
A plan by the Canadian province of Quebec to spend billions to develop the mineral riches of its northern region has been dealt a crippling blow by the pending closure of a major mine as iron ore prices ...
http://uk.finance.yahoo.com/news/quebecs-ambitious-plan-nord-mineral-120000722.html


Forex loss pushes Russian pipe maker TMK to net loss in Q3 - Reuters
Fri, 21 Nov 2014 10:17:07 GMT
MOSCOW Nov 21 (Reuters) - TMK, Russia's largest maker of steel pipes for the oil and gas industry, said on Friday it made a net loss of $7 million in the third quarter due to a $73 million foreign-exchange loss. TMK, controlled by businessman Dmitry ...
http://in.reuters.com/article/2014/11/21/russia-trubnaya-metal-results-idINL6N0TB1HV20141121


DGAP-IRE: JJ Auto AG: Interim management statement pursuant to ...
Fri, 21 Nov 2014 08:43:00 GMT
Moreover JJ Auto expects the automotive industry to increase its profitability due to the lowering of the steel prices. On the basis of these ... Quanzhou City in the South-Eastern Chinese province Fujian. In 2013 the production volume amounted to 83.51 ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=d4f6199e90024d24aeb2ea430d520129&url=http://www.teletrader.com/news/details/28053119&c=uYuVk5W8p2inHQlN7QzNRHpzGvetXtxZ-JZFJai9WpE&mkt=en-gb


Gina Rinehart pushes forward on iron ore exports despite BHP seeing ...
Fri, 21 Nov 2014 01:14:36 GMT
Gina Rinehart, Asia's richest woman, is set to start exports in September from her new $10 billion iron ore mine undeterred by prices trading near five-year lows and forecast to extend losses next year.
http://ri.search.yahoo.com/_ylt=AwrBEiSc8m9UvB8AUP8n5gt./RV=2/RE=1416651548/RO=10/RU=http://www.brisbanetimes.com.au/business/mining-and-resources/gina-rinehart-pushes-forward-on-iron-ore-exports-despite-bhp-seeing-end-of-an-era-20141121-11r6oh.html/RK=0/RS=4cltxmWbzSwfJlCa_KHCg4hgeWk-


Tata Steel Thai unit expects net profit for 2014/15 despite H1 net ...
Fri, 21 Nov 2014 00:38:00 GMT
BANGKOK (Reuters) - The Thai unit of India's largest steel maker, Tata Steel Group, said on Friday it expects to post a net profit for the fiscal year ending March 2015, bouncing back from a first-half loss by boosting sales of high-margin products.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=689c430d0bd743d89971e2541e2ae0b6&url=https%3a%2f%2fuk.finance.yahoo.com%2fnews%2ftata-steel-thai-unit-expects-081125053.html&c=Ep4g01r-3vchDWewNGG3k36L5WTW9oNOM7DdLvONtG4&mkt=en-gb


Iron ore, coal slump to hit Federal Government budget hard
Fri, 21 Nov 2014 00:29:31 GMT
The Federal Government's plan to bring the budget back to surplus have become even tougher with the iron ore price slumping to a five-year low. The mining boom helped Australia dodge the worst of the global ...
http://ri.search.yahoo.com/_ylt=AwrBJR_fSW9UT00A1Wsn5gt./RV=2/RE=1416608351/RO=10/RU=http://au.finance.yahoo.com/news/iron-ore-coal-slump-hit-002931266.html/RK=0/RS=hLz2.ITYe7EgIlnfFKXkjlFFnpc-


ThyssenKrupp restarts dividend as turnaround takes hold
Fri, 21 Nov 2014 00:21:00 GMT
Modest payout promised as steelmaker beats profit forecast
http://ri.search.yahoo.com/_ylt=AwrBJSBZm3BUuHUAP99nBQx./RV=2/RE=1416694745/RO=10/RU=http://www.irishtimes.com/business/sectors/manufacturing/thyssenkrupp-restarts-dividend-as-turnaround-takes-hold-1.2009563/RK=0/RS=yN6NT557No.P1dk35KUkeuzus_8-


US HRC Steel prices rise sharply to $650 a short ton - Metal.com ...
Fri, 21 Nov 2014 00:06:26 GMT
NEW YORK (Scrap Register): United States hot rolled cold (HRC) steel prices rose sharply by $10 a short ton week-on-week to $650 a short ton in the week ended November 14, as per The Steel Index. According to TSI, HR coil steel prices in the US Midwest ...
http://www.metal.com/newscontent/67033_us-hrc-steel-prices-rise-sharply-to-650-a-short-ton


Moly Prices to Rebound by 2020
Thu, 20 Nov 2014 20:45:00 GMT
Moly prices could be in for a boost in the next five years if the metal is buoyed up by increased consumption ... The report was put out by the Henan Provincial Nonferrous Metals Geological & Mineral Reserve Bureau, and it's worth noting that Henan ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=ba723fec58614d028bcfb8322e671e90&url=http://resourceinvestingnews.com/78408-moly-prices-china-henan-2020-demand-supply.html&c=M0kXqa4yJ_LRnpMb2FuzYcAfJYRwSvOC13YAe-xRzKA&mkt=en-gb


Downward pressures continue to prevail in Chinese iron ore market
Thu, 20 Nov 2014 14:30:00 GMT
At the same time, traders' offers of domestic production iron ore in Tangshan and Liaoning Province have continued to soften, while transaction activity for domestic iron ore is generally slack. At present, Indian fine ores of 63.5 percent grade ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=f0baf63489b542ec95375bbde1d21dac&url=http://www.steelorbis.com/steel-prices/steel-prices-market-analyses/scrap-and-raw-materials/downward-pressures-continue-to-prevail-in-chinese-iron-ore-market-854501.htm&c=iguXWRSGHmOgW6TFAiBzCyGckc_RK4TrM1hUYO64WaU&mkt=en-gb


Buzz-miners: More Pressure As Brokers Weigh In
Thu, 20 Nov 2014 12:26:51 GMT
** Mining stocks already hit by falling iron ore prices are at bottom of pile again as Credit Suisse and UBS issue bearish notes ** CS reckons on high probability of hard landing for top metals consumer ...
http://uk.finance.yahoo.com/news/buzz-miners-more-pressure-brokers-122651833.html


U.S. Steel Producers See Good Results in Third-Quarter 2014, Although ...
Thu, 20 Nov 2014 11:15:00 GMT
Researched by Industrial Info Resources -- Citing improved prices, higher volumes and better production efficiency, four major U.S. steel producers have reported improved third-quarter results, in comparison ...
http://finance.yahoo.com/news/u-steel-producers-see-good-111500944.html;_ylt=AwrBEiG6DXFUYm4AQSb_wgt.



If you have a steel industry news item or company press release that you would like us to publish above and distribute without restrictions concerning syndication and reuse, then please contact support@steelonthenet.com.