Panel says Guinea should strip BSGR, Vale of rights to iron depositFri, 07 Mar 2014 22:07:19 GMT
* Strategic committee has to make final decision * BSGR denies charges, may start international arbitration * Vale risks losing more than $1 billion invested in Guinea LONDON/CONAKRY, March 7 (Reuters) - A technical committee in Guinea has recommended the government strip BSG Resources (BSGR) and its partner Vale of the rights to exploit a giant iron ore deposit because the panel alleges BSGR ...
China steel, iron ore futures hit contract lows on demand doubts ...Fri, 07 Mar 2014 06:03:26 GMT
SINGAPORE, March 7 (Reuters) - Chinese steel and iron ore futures fell to contract lows on Friday, reflecting concern demand from the world's top consumer of both commodities is unlikely to perk up as Beijing aims for a less-investment driven economic ...
China Iron Ore Monthly Monitor February, 2014Fri, 07 Mar 2014 02:33:00 GMT
Loan availability for the steel sector from banks has been decreasing due to overcapacity and macroeconomic policies. Enhanced environmental protection inspections and liquidity tightness at banks also caused credit loans for the steel industry to contract.
ArcelorMittal Given Neutral Rating at Zacks (MT) Ticker ...Thu, 06 Mar 2014 14:32:19 GMT
ArcelorMittal (NYSE:MT)s stock had its neutral rating reiterated by Zacks in a report issued on Tuesday, ARN reports. They currently have a $16.00 price ...
Platts: February European Power Prices Fell 5% on Mild, Windy WeatherThu, 06 Mar 2014 12:12:06 GMT
LONDON, March 6, 2014 /Emag.co.uk/ Day-ahead electricity prices in continental Europe continued their decline in February as mild weather tempered coal and natural gas via Emag.co.uk
Shanghai rebar falls for 4th day in five, iron ore at 8-month low ...Thu, 06 Mar 2014 09:28:44 GMT
Iron ore has lost 13 pct this year, rebar down almost 8 pct * Physical deals point to further downside risk for iron ore * China's steel output close to peak-steelmakers (Adds China steel output near peak, updates rebar and iron ore futures prices) By ...
Iron ore miner London Mining agrees offtake with CargillThu, 06 Mar 2014 09:09:23 GMT
Sierra Leone-focused London Mining (LSE: MIR.L - news) said on Thursday it has signed an offtake agreement with commodity trading giant Cargill, as it posted core profit below analysts' expectations. As part of the agreement Cargill will receive 1 million tonnes of iron ore concentrate from London Mining (Frankfurt: A0MQ3F - news) 's Marampa mine in Sierra Leone for five years. London Mining had ...
Line pipe a challenge for midstream: exec - American Metal MarketWed, 05 Mar 2014 21:10:24 GMT
In hot markets, which I believe is around the corner, we're going to see line pipe prices increase rapidly and we're going to see market reliability fall as a result, Roberts told attendees at AMM's seventh annual Steel Tube and Pipe Conference in ...
Korean Steelmakers to Cut Prices of Steel Plates for Cars - BusinessKoreaWed, 05 Mar 2014 09:00:31 GMT
SEOUL, March 4 (Yonhap) POSCO and Hyundai Steel Co., South Korea's leading steelmakers, will cut the prices of their steel plates for cars starting next month, company officials said Tuesday, a move feared to hit their business performance this year.
China Steel Industry Cost Analysis 2013 - Annual Report ...Wed, 05 Mar 2014 01:28:57 GMT
China Steel Industry Cost Analysis 2013 . What Are Our Focuses What are the reasons behind fluctuation ore prices, oversupply pressure or rising production costs at ...
Sector movers: Industrial miners rise as Ukraine tensions easeTue, 04 Mar 2014 16:07:00 GMT
Industrial metals and mining stocks were the best performers in London on Tuesday as geopolitical tensions in Russia and Ukraine eased, helping a return in risk appetite among investors.
Sluggish steel sector causes dip in prices of imported iron ore - ...Tue, 04 Mar 2014 15:41:15 GMT
Prices of imported iron ore at 25 major Chinese ports continued to decline last week as high inventories of both iron ore and steel products depressed prices, new data showed. For the week ending March 3, the price index for iron ore imports with a 62 ...
5-19-11 News: Olympic Reports Profitable QuarterTue, 04 Mar 2014 14:48:11 GMT
Olympic Steel Inc., Cleveland, enjoyed a 75 percent increase in sales during this year's first quarter, compared to the same period in 2010.
NMDC Keeps Feb Iron Ore Prices Unchanged - Business StandardTue, 04 Mar 2014 11:30:31 GMT
Every tonne of steel production needs 1.6 tonne of iron ore. "The subdued global prices leaves us with hardly any room to jack up the price," the official said, adding the demand for iron ore was on the rise as steel production picked up in recent times.
European Markets Rebound as Russia Pulls TroopsTue, 04 Mar 2014 10:31:56 GMT
European stocks opened higher and continued trading higher, repairing some of yesterday's heavy losses, on news that Russia has ordered troops involved in military exercises at the border of Ukraine to return to base.