SMU Price Ranges & Indices: Spread Tightens - Steel Market UpdateTue, 22 Apr 2014 22:55:11 +0100
Flat rolled steel prices continue to be firm as supply issues haunt the northern steel mills and lead times remain extended at most mills throughout the eastern United States and Canada. US Steel has issues with receiving raw materials into their Gary ...
Iron ore price fears raise earnings alert - The AustralianTue, 22 Apr 2014 15:05:07 +0100
FEARS that iron ore prices are set to crumble in response to patchy Chinese economic data and the unfolding 20 per cent annual surge in exports from the Pilbara have re-emerged, forcing investors to place the earnings outlook for leading producers on ...
Czech miner NWR, ministry agree to extend mining at loss-making PaskovTue, 22 Apr 2014 13:35:21 +0100
The Czech industry ministry reached a deal with coal miner New World Resources (NWR) on Tuesday on extending operations at NWR's loss-making Paskov mine until 2017, protecting jobs at a cost to the company, government and company officials said. The hard coal-mining firm has suffered losses due to a sharp fall in global coal prices, and is in talks with bondholders on a capital restructuring. It ...
AK Steel Reports Financial Results For First Quarter Of 2014Tue, 22 Apr 2014 13:30:00 +0100
WEST CHESTER, Ohio, April 22, 2014 /PRNewswire/ --AK Steel (NYSE: AKS) today reported its financial results for the first quarter of 2014. 1st Quarter 2014 Performance Summary Shipments of 1,262,100 tons ...
Russian steelmaker MMK posts $2.2 bln Q4 net loss due to one-offsTue, 22 Apr 2014 08:19:00 +0100
Russian steel major MMK said its fourth-quarter net loss widened to $2.2 billion due to impairment charges and forecast higher steel sales in the first quarter of 2014. A Reuters poll of analysts had expected a net loss of $40 million excluding the one-off charges, which MMK said on Tuesday totalled $2.5 billion for 2013. MMK, controlled by billionaire Viktor Rashnikov, said its net debt fell by ...
Everybody But The Curve Thinks Iron Ore Is Going Down: Clyde ...Tue, 22 Apr 2014 06:15:44 +0100
LAUNCESTON, Australia, April 22 (Reuters) - It's hard to find any bullish predictions for iron ore prices, with the consensus being that it will drop to below $100 a tonne. The latest bearish signal for iron ore is the decision by an Indian court to allow the mining of 20 million tonnes per annum in the state of Goa, most of which will end up on the export markets. While this isn't enough ore to ...
US HRC Steel prices advance further to $669 a short ton - Metal.com ...Tue, 22 Apr 2014 02:06:36 +0100
NEW YORK (Scrap Register): United States hot rolled cold (HRC) steel prices advanced further by $15 a short ton or 2.3% week-on-week to $669 a short ton in the week ended April 11th this year, as per the latest figures released by the The Steel Index ...
SunCoke Energy Partners, L.P. Declares Quarterly ...Mon, 21 Apr 2014 22:00:00 +0100
Business Wire - SunCoke Energy Partners, L.P. board of directors today declared a quarterly cash distribution of $0.50 per limited partnership unit, payable on May 30, 2014 to holders of record on May 15, 2014.
Glencore Xstrata PLC (LON:GLEN) Likely to Return Capital to Shareholders ...Mon, 21 Apr 2014 18:17:43 +0100
Glencore Xstrata PLC (LON:GLEN) Likely to Return Capital to Shareholders. April 21, 2014. Deutsche Bank Analyst Rob Clifford says Glencore Xstrata PLC has high prospects for capital returns. Clifford says Glencore is in the process of selling Las ...
SC lifts iron ore mining ban in Goa, caps annual outputMon, 21 Apr 2014 13:29:13 +0100
NEW DELHI/SINGAPORE (Reuters) - The Supreme Court lifted a 19-month old ban on mining in Goa, the top iron ore-exporting state, on Monday, a move that will put more pressure on global prices although it capped annual output in the state at 20 million tonnes. The additional supply from Goa, which exports nearly all of its output, would add to an expected surplus of iron ore this year as big ...
Coking coal prices dip; good news for steel companies like SAIL ...Mon, 21 Apr 2014 04:59:27 +0100
A record 20% dip in global coking coal prices to a six-year low bodes well for steel companies in India which rely heavily on imports. The price impact will lower companies' coal import bill and reduce working capital needs. However, its impact on ...
8-2 U.S. Steel Cuts LossesMon, 21 Apr 2014 00:56:46 +0100
United States Steel Corp. moved closer to profitability during the second quarter.
Jobs blow for steel firms at loss of Webb Dock workSun, 20 Apr 2014 18:07:48 +0100
Local steel firms have missed out on work on the massive expansion of Webb Dock, in a move expected to lead to job losses at a major manufacturer in Premier Denis Napthine's electorate in Portland.
SMU Comparison Price Indices: Are We Peaking - Steel Market UpdateSun, 20 Apr 2014 15:50:13 +0100
All of the steel indices followed by Steel Market Update saw flat rolled steel prices increase this past week. Benchmark hot rolled coil saw the spread between the indices shrink while the average HR price increased by $17 per ton. Cold rolled was one ...
United States Steel Is Down, But Not OutSat, 19 Apr 2014 09:31:00 +0100
United States Steel finally returned to profitability as the fourth-quarter provided a much needed breakthrough for the steelmaker.