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Economic steel sector headlines and reports


Rptrio Tinto Energy Chief's Job Cut May Signal Coal Exit - Reuters ...
Sun, 01 Mar 2015 21:04:36 GMT
Xstrata CEO Mick Davies, ...
http://uk.reuters.com/article/2015/03/01/rio-tinto-costs-idUKL5N0W30WB20150301


Rio Tinto energy chiefs job cut may signal coal exit
Sun, 01 Mar 2015 21:01:00 GMT
In its latest effort to slash costs as commodity prices fall, Rio Tinto is letting go its energy chief and rolling its coal and uranium businesses into two other units, a move that could signal its intention ...
http://finance.yahoo.com/news/rio-tinto-energy-chiefs-job-210100121.html;_ylt=AwrBJSBAkvNUP1cAAer_wgt.


Vale's Q4 Iron Ore Results Solid Despite Price Crash (VALE) - Seeking ...
Sun, 01 Mar 2015 10:55:24 GMT
I predicted a near zero profit in the iron ore business for an average iron ore price of around US$ 60 (which is approximately the price in the last months) and strong results for base metals, I analyzed that the planned investments are still too high ...
http://seekingalpha.com/article/2962036-vales-q4-iron-ore-results-solid-despite-price-crash


India to raise import tax on steel to counter China threat
Sat, 28 Feb 2015 08:08:59 GMT
India will raise the import duty on steel by 5 percentage points from April 1, Finance Minister Arun Jaitley said on Saturday, to stem a flow of cheap supplies from China and Russia. India will also raise the import tax on metallurgical coal to 5 percent from 2.5 percent.
http://uk.finance.yahoo.com/news/india-raise-import-tax-steel-080859548.html


Taiwanese CSC steps up price cuts aiming to boost sales - SteelGuru
Sat, 28 Feb 2015 05:14:09 GMT
China Steel Corporation announced bigger price cuts of 5.2% on average for its products to be shipped to local customers in April and May, taking its cue from the persistent downward spiral of global steel prices as decelerating economic recovery and ...
http://www.steelguru.com/international_news/Taiwanese_CSC_steps_up_price_cuts_aiming_to_boost_sales/358300.html


Tata Steel, JSPL Gain as Customs Duty Hiked on Imported Steel
Sat, 28 Feb 2015 01:51:00 GMT
Shares in Steel manufacturers like Tata Steel and JSPL gained on Saturday as the government proposed to increase customs duty on imported steel to stem a flow of cheap supplies from China and Russia. Tata gained as much as 4 per cent to an intraday high of ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=64a9659325d54875afa48207357c8768&url=http%3a%2f%2fprofit.ndtv.com%2fbudget%2ftata-steel-jspl-gain-as-customs-duty-hiked-on-imported-steel-743212&c=c8pfONSjrOjtc91A3UDmWhoeHs3BN1joCAi5xdMLUgo&mkt=en-gb


Iron Ore Prices Continue To Weigh In On ArcelorMittal With No Relief ...
Fri, 27 Feb 2015 23:55:29 GMT
The ultimate blame behind this decline has to be levied on iron ore prices which continue to drop and weigh in on ArcelorMittal's financial statements. Unfortunately, a recovery is nowhere near in sight as forecasts by multiple institutions estimate ...
http://seekingalpha.com/article/2960616-iron-ore-prices-continue-to-weigh-in-on-arcelormittal-with-no-relief-in-sight


China's Tangshan Steel mills cuts Spot Billet prices by RMB 40 a ...
Fri, 27 Feb 2015 18:12:00 GMT
SHANGHAI (Scrap Register): Some mills in Tangshan lowered their spot billet prices by RMB 40 a ton on Friday afternoon, bringing more negative sentiment to the spot iron ore and relevant markets, as per The Steel Index. In China, the most active rebar ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=e666bfa63d2a4ef0a856eaa4521cfd90&url=http://www.metal.com/newscontent/70316_chinas-tangshan-steel-mills-cuts-spot-billet-prices-by-rmb-40-a-ton&c=nwqIfT6v-aosFdhTeHdwPhRReXxCj4ROYVaXB3tcXvI&mkt=en-gb


Rio Tinto energy chief's job cut may signal coal exit
Fri, 27 Feb 2015 13:39:58 GMT
MELBOURNE/LONDON, Feb 27 (Reuters) - In its latest effort to slash costs as commodity prices fall, Rio Tinto (Xetra: 855018 - news) is letting go its energy chief and rolling its coal and uranium businesses into two other units, a move that could signal its intention to divest its coal assets. The world's second-largest mining company said on Friday it will fold its coal mines in Australia into ...
http://uk.finance.yahoo.com/news/rio-tinto-energy-chiefs-job-133958690.html


Big miners BHP, Rio Tinto hold off iron ore price squeeze - The Australian
Fri, 27 Feb 2015 13:08:09 GMT
Vale, the world's largest iron ore producer, yesterday posted a fourth-quarter net loss of $US1.85 billion ($2.4bn) and wrote off $US635 million on an iron ore project in Guinea. Brazil-based Vale attributed the charge not to iron ore prices, but to ...
http://www.theaustralian.com.au/business/wall-street-journal/big-miners-bhp-rio-tinto-hold-off-iron-ore-price-squeeze/story-fnay3ubk-1227242002313


Westmoreland Reports 2014 Year End Results - Record Revenue and Adjusted ...
Fri, 27 Feb 2015 12:00:00 GMT
Westmoreland Coal Company today reported its results for fiscal year 2014.
http://uk.finance.yahoo.com/news/westmoreland-reports-2014-end-results-120000130.html


Chinese steel shares outdazzle rivals, but Russians not far behind
Fri, 27 Feb 2015 06:34:16 GMT
GRAPHIC: Chinese, Russian steelmakers soar: xxx By Manolo Serapio Jr SINGAPORE, Feb 27 (Reuters) - Shares (Frankfurt: DI6.F - news) in China's steelmarkers outshone long-time international rivals in 2014 as Chinese mills overwhelmed buyers with cheap prices. Shares of Hebei Iron and Steel, the listed unit of top Chinese producer Hebei Steel Group, soared more than 90 ...
http://uk.finance.yahoo.com/news/chinese-steel-shares-outdazzle-rivals-063416360.html


Glencore cuts Australian coal output on weak demand, supply glut
Fri, 27 Feb 2015 05:59:25 GMT
Mining and commodities giant Glencore Xstrata Friday said it was reducing its coal production in Australia by 15 million tonnes amid weak global demand and oversupply. It is understood that up to 120 jobs at Glencore's 13 Australian mines could be affected as a result of the cuts, which will include scaling back some operations and deferring projects. We plan to reduce 2015 production by 15 ...
http://news.yahoo.com/glencore-cuts-australian-coal-output-weak-demand-supply-055925577--finance.html;_ylt=AwrBJSBAkvNUP1cA_en_wgt.


Sensex Drops Most in Two Weeks on Indian Rail Freight Increase
Fri, 27 Feb 2015 04:01:30 GMT
Indian stocks dropped the most in two weeks as metals and cement producers retreated after the government raised freight costs in its annual railway budget. Hindalco Industries Ltd. and Steel Authority of India Ltd. fell at least 2.5 percent, sending a gauge of metalmakers to a two-week low.
http://www.topix.com/business/steel/2015/02/150226M0V76A


Fortbridge's Fund Finder app connects junior mining companies with ...
Fri, 27 Feb 2015 00:00:00 GMT
Australia's Fortbridge has launched a new application to help junior mining and energy companies locate investors more easily and cost-effectively.
http://www.mining-technology.com/news/newsfortbridges-fund-finder-app-connects-junior-mining-companies-with-investors-4521931



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