Steel industry economic news - prices, costs, investment.


Economic News [more headlines]

Economic steel sector headlines and reports



Must-know: Steel Dynamics metals recycling segments 3Q results
Fri, 24 Oct 2014 22:00:16 +0100
Steel Dynamics metals recycling and ferrous resources segment has be struggling. The segment generated operating losses of $ 0.8 million in the 3Q.
http://finance.yahoo.com/news/must-know-steel-dynamics-metals-210016872.html


WA Premier Colin Barnett wrong on iron ore price claims: BHP - The ...
Fri, 24 Oct 2014 06:04:38 +0100
Speaking to reporters after BHP's London annual meeting last night, Mr Mackenzie said Mr Barnett was completely wrong to suggest BHP and Rio were flooding the iron ore market and placing downward pressure on prices, which could potentially squeeze ...
http://www.theaustralian.com.au/business/mining-energy/wa-premier-colin-barnett-wrong-on-iron-ore-price-claims-bhp/story-e6frg9df-1227101276921


New Market Research Report: Turkey Metals Report Q4 2014
Fri, 24 Oct 2014 04:33:00 +0100
Full Report Details at - www.fastmr.com/prod/872695turkeymetalsreportq42014.aspx We expect to see the share prices of Turkey's two largest steel producers, Erdemir and Kardemir, continue to outperform following steady output growth over 2013.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=2861e26006da4f1ea56ac93239e87a69&url=http://www.infoline.com.pk/new-market-research-report-turkey-metals-report-q4-2014-13545/&c=nFt2yeQc7Wd1Y6skNXy1rohgSYce2lSQpYSZrJqQ3yM&mkt=en-gb


Reliance Steel & Aluminum (RS) Announces Quarterly Dividend of ...
Fri, 24 Oct 2014 01:36:29 +0100
Reliance Steel & Aluminum declared a quarterly dividend on Thursday, October 23rd, Analyst Ratings Net reports. Investors of record on Tuesday, November 11th will be given a dividend of 0.35 per share on Thursday, December 18th.
http://www.topix.com/business/steel/2014/10/reliance-steel-aluminum-rs-announces-quarterly-dividend-of-0-35


Mining companies Down Under being forced to call in administrators ...
Thu, 23 Oct 2014 23:00:00 +0100
While keeping its nomer as the ‘Lucky Country' by remaining relatively untouched by the global financial crisis, Australia ¬- and more specifically its resources sector - has not been immune against falling commodity prices. The declining prices of coal and iron-ore, in particular, have had a significant impact on Australia's resource companies, with several junior iron-ore companies being forced to call in administrators, while the majors are pressured into cost cutting.
http://www.miningweekly.com/article/australian-miners-downsize-their-workforce-as-commodity-prices-drop-2014-10-16


Vale Iron-Ore Output Rises More Than Forecast to Record
Thu, 23 Oct 2014 20:33:00 +0100
Vale SA (VALE), the world's largest iron-ore producer, exceeded analysts' estimates to post record quarterly output as new projects start, deepening a supply glut that saw the steelmaking ingredient trade at five-year lows. Iron-ore output excluding ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=136ce3e9f4c44698af078b4023dd2f54&url=http://www.bloomberg.com/news/2014-10-23/vale-iron-ore-output-rises-more-than-forecast-to-record.html&c=3gsbVilHuay_OAztgMasLeDakp4IgoOZejmeo1_M4lI&mkt=en-gb


BHP CEO defends iron ore strategy as best play in gloomy market
Thu, 23 Oct 2014 19:44:12 +0100
BHP Billiton's chief executive said its strategy of high-volume iron ore production was the best way to profit in a gloomy market, defending a plan that has come under growing criticism for depressing prices. Iron ore, the biggest earner for global miner BHP Billiton, has lost about 40 percent of its value this year, reaching five-year lows, as big increases in new supply from top three miners ...
http://uk.finance.yahoo.com/news/bhp-ceo-defends-iron-ore-161041163.html


Colin Barnett 'completely wrong' on iron ore - Sky News Australia
Thu, 23 Oct 2014 18:39:50 +0100
BHP Billiton boss Andrew Mackenzie says West Australian Premier Colin Barnett is 'completely wrong' to suggest the mining giant and Rio Tinto are flooding the iron ore market and placing downward pressure on prices, which could potentially squeeze out ...
http://www.skynews.com.au/business/business/national/2014/10/24/colin-barnett--completely-wrong--on-iron-ore.html


U.S. steelmaker Nucor posts higher quarterly profit
Thu, 23 Oct 2014 17:47:19 +0100
Nucor Corp, the No. 1 U.S. steelmaker, posted a higher quarterly profit on Thursday as the growing U.S. economy fueled demand for its products from the auto, construction, and oil and gas industries.
http://www.topix.com/business/steel/2014/10/update-1-u-s-steelmaker-nucor-posts-higher-quarterly-profit


BHP CEO defends iron ore strategy as best play in gloomy market - ...
Thu, 23 Oct 2014 17:13:16 +0100
LONDON (Reuters) - BHP Billiton's (BHP.AX) chief executive said its strategy of high-volume iron ore production was the best way to profit in a gloomy market, defending a plan that has come under growing criticism for depressing prices. Iron ore, the ...
http://uk.reuters.com/article/2014/10/23/uk-bhp-billiton-idUKKCN0IC1YX20141023


BHP CEO defends iron ore strategy
Thu, 23 Oct 2014 17:10:41 +0100
By Silvia Antonioli LONDON (Reuters) - BHP Billiton's chief executive said its strategy of high-volume iron ore production was the best way to profit in a gloomy market, ...
https://nz.news.yahoo.com/a/-/world/25336019/bhp-ceo-defends-iron-ore-strategy/


BHP CEO defends iron ore strategy as best play in gloomy market
Thu, 23 Oct 2014 17:04:53 +0100
BHP Billiton (NYSE: BBL - news) 's chief executive said its strategy of high-volume iron ore production was the best way to profit in a gloomy market, defending a plan that has come under growing criticism for depressing prices. Iron ore, the biggest earner for global miner BHP Billiton, has lost about 40 percent of its value this year, reaching five-year lows, as big increases in new supply ...
http://uk.finance.yahoo.com/news/bhp-ceo-defends-iron-ore-160453132.html


ArcelorMittal announces the publication of sell-side analysts'' Ebitda ...
Thu, 23 Oct 2014 15:48:12 +0100
ArcelorMittal is the world's leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in over 20 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality ...
http://www.nasdaq.com/press-release/arcelormittal-announces-the-publication-of-sellside-analysts-ebitda-consensus-figures-for-third-20141023-01024


ArcelorMittal announces the publication of sell-side analysts ...
Thu, 23 Oct 2014 15:37:01 +0100
Luxembourg, October, 23 2014 ArcelorMittal today announces the publication of sell-side analysts consensus forecasts for ArcelorMittals third quarter 2014 Ebitda. The consensus figures are based on sell-side ...
http://ri.search.yahoo.com/_ylt=AwrBEiIct0lUhxYAW9xnBQx./RV=2/RE=1414145948/RO=10/RU=http://uk.finance.yahoo.com/news/arcelormittal-announces-publication-sell-side-143701078.html/RK=0/RS=VmIu4_U.YcwLnGodYMW6.818YqQ-


Anglo American boosts iron ore output - Business Spectator
Thu, 23 Oct 2014 15:10:37 +0100
Rio Tinto PLC and BHP Ltd., two of the world's three biggest producers, have also recently released figures showing they continued to expand iron ore output, despite prices falling 40 per cent since the beginning of the year. The big producers ...
http://www.businessspectator.com.au/news/2014/10/23/resources-and-energy/anglo-american-boosts-iron-ore-output



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.