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Steel price volatility a wild card for Ann Joo - The Borneo Post
Thu, 26 May 2016 00:33:19 +0100
KUCHING: Ann Joo Resources Bhd (Ann Joo) recorded a net profit of RM5.5 million in 1QFY16 on the back of a recovery in steel prices and reversal of inventories. The recent steel prices rally with more significant upward movement in March and April this ...
http://www.theborneopost.com/2016/05/26/steel-price-volatility-a-wild-card-for-ann-joo/


Are Cheap Chinese Steel Exports Really That Bad For the US - MetalMiner
Wed, 25 May 2016 20:02:09 +0100
Some firms have lost a ton of money in recent years as China created global oversupply, bringing global steel prices down with massive exports. In the face of rising imports, American production has dropped and U.S. steel producers are justifiably ...
https://agmetalminer.com/2016/05/25/are-cheap-chinese-steel-exports-really-that-bad-for-the-u-s/


Why Cliffs' Asia Pacific Iron Ore Division Will Stop Production In ...
Wed, 25 May 2016 18:58:43 +0100
As a part of Cliffs' strategy of becoming a pure-play U.S.- based iron ore producer (since the U.S. Iron Ore division is Cliffs' most profitable division), the company has disposed of its coal mining business. In addition, the company has decided ...
http://www.nasdaq.com/article/why-cliffs-asia-pacific-iron-ore-division-will-stop-production-in-the-next-4-years-cm626390


Sliding steel prices and surging imports lead to losses for Tata ...
Wed, 25 May 2016 17:33:00 +0100
Tata has blamed sliding steel prices and surging imports for a fall in earnings and growing losses in its global steel business. In its European operations the company saw turnover fall to 6.87bn for the 12 months to the end of March compared to 8 ...
http://www.walesonline.co.uk/business/business-news/sliding-steel-prices-surging-imports-11386277


How Are Metal Service Centers Managing Their Steel Inventories - ...
Wed, 25 May 2016 17:17:48 +0100
Motley Fool - Higher spot steel prices would benefit steel companies such as United States Steel (X), Nucor (NUE), and Commercial Metals (CMC). However, it would be fair to say that not many, including service centers such as Reliance Steel & Aluminum (RS), expected ...
http://marketrealist.com/2016/05/metal-service-centers-managing-steel-inventories/


ArcelorMittal South Africa says Saldanha steel plant will keep operating ...
Wed, 25 May 2016 12:48:35 +0100
JOHANNESBURG May 25 Reuters - ArcelorMittal South Africa's Saldanha plant will keep operating, its chairman said on Wednesday, after the facility was placed under review earlier this year due to low steel prices and rising costs. The plant, north of ...
http://af.reuters.com/article/commoditiesNews/idAFL5N18M2U4


PNB not to lend to iron & steel sector till it recovers - Financial ...
Wed, 25 May 2016 03:14:28 +0100
Taking a cue from high delinquencies in the iron and steel sector, state-owned lender Punjab National Bank (PNB) has decided to refrain from lending to the sector till it recovers from the downturn, managing director and CEO Usha Ananthasubramanian ...
http://www.financialexpress.com/article/industry/banking-finance/pnb-not-to-lend-to-iron-steel-sector-till-it-recovers/265068/


Steel Industry Stock Outlook - May 2016 - Zacks.com
Tue, 24 May 2016 20:03:28 +0100
Reuters - Zacks.com - The steel industry continues to face a challenging economic environment due to the economic slowdown in China, volatility in financial markets, sluggish growth in global trade, and low prices of oil and other commodities. Although the automobile and ...
https://www.zacks.com/commentary/81506/steel-industry-stock-outlook---may-2016


Save steel industry from collapse, DTI official pleads - Creamer ...
Tue, 24 May 2016 14:09:04 +0100
South Africa was in dire need of a delicate balancing act to save its steel industry from collapse while imposing beneficial prices for local downstream manufacturers, a senior department of trade and industry official told MPs on Tuesday.
http://www.engineeringnews.co.za/article/save-steel-industry-from-collapse-dti-official-pleads-2016-05-24


Iron ore and steel forecast and analysis for Q2 2016 - FastMarkets ...
Tue, 24 May 2016 11:22:18 +0100
The fundamentals dictate that, with new low-cost iron ore coming on stream when demand is soft and there is a surplus of iron ore and steel, iron ore prices are likely to gravitate to the marginal cost of production, which is believed to be around $28 ...
https://www.fastmarkets.com/base-metals-news/base-metals/iron-ore-steel-forecast-analysis-q2-2016/


Northwest Pipe's Cyclical Recovery Potential Marred By Questionable ...
Tue, 24 May 2016 11:00:16 +0100
Beaten-down steel pipe vendor Northwest Pipe (NASDAQ:NWPX) is the sort of investment story I would have liked years ago. A one-two-three punch of lower steel prices, tough bidding conditions in its core water transmission pipe business and a complete ...
http://seekingalpha.com/article/3976966-northwest-pipes-cyclical-recovery-potential-marred-questionable-management


Chelsea Flower Show: City networking blooms - Financial Times
Tue, 24 May 2016 06:57:21 +0100
Financial Times - - Mick Davis, former CEO of mining company Xstrata, mused that it could be a long time before commodity prices rise. He's on the hunt for deals for his mining venture, X2 Resources. A sea of almost 300,000 individually crocheted poppies adorned the ...
http://www.ft.com/cms/s/0/fd243838-2137-11e6-9d4d-c11776a5124d.html


Macquarie warns of persistent iron ore price pain - The Australian
Tue, 24 May 2016 01:26:14 +0100
With iron ore supply rising and demand clearly passing a peak, the recent price weakness in iron ore is clearly justified, but we continue to believe prices can hold above $50/tonne near term, Macquarie said. The forecasts come amid a broad ...
http://www.theaustralian.com.au/business/mining-energy/macquarie-warns-of-persistent-iron-ore-price-pain/news-story/d8ae494454344f4326d69320efc1d292


Rptcollapsed Australian Steelmaker Arrium Eyes Sale Of Profitable ...
Tue, 24 May 2016 00:12:00 +0100
Reuters - (Repeat story published on Monday). * Arrium collapsed after private equity bailout rejected. * Global investment bank to be hired to advise on sale. * Moly-Cop was valued at around $1 bln in late 2015. SYDNEY, May 23 Troubled Australian steel group ...
http://www.reuters.com/article/arrium-australia-idUSL3N18K4ZT


Tata deadline for steel bidders, with seven in the running - BBC ...
Mon, 23 May 2016 07:08:41 +0100
BBC News - Only bidders that are willing to buy the whole of Tata's UK operations, including the loss-making Port Talbot steelworks, have reached the current point in the sale process. The parties involved have had to sign a non-disclosure agreement as part of ...
http://www.bbc.co.uk/news/uk-wales-36342462



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