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Economic steel sector headlines and reports


Stunning coking coal rally wreaks havoc in steel, iron ore MINING ...
Mon, 26 Sep 2016 15:13:07 +0100
The rise in the price of coking is upending the economics of the iron ore and steel markets with the Australian export benchmark price climbing 164% so far this ...
http://www.mining.com/coking-coals-stunning-rally-wreaking-havoc-on-steel-iron-ore-markets/


U.S. Steel: Buy, Don't Recoil at the Pullback - Barron's
Mon, 26 Sep 2016 11:11:31 +0100
In our view U.S. Steel has significant upside potential into 2017 as conversion costs continue to fall, U.S. Steel realizes significant average selling price (ASP) increases in annual contract business, oil country tubular goods (OCTG) inflects higher ...
http://www.barrons.com/articles/u-s-steel-buy-dont-recoil-at-the-pullback-1474884600


Chinese coal companies to boost thermal coal output to placate steel ...
Mon, 26 Sep 2016 01:53:29 +0100
The cost inflation gave rise to a protest from the China Iron and Steel Association which represents large state-owned steel mills. On Friday the country's state-owned coal mining companies relented, and agreed to increase output, which should cause ...
http://www.mining.com/chinese-coal-companies-boost-thermal-coal-output-placate-steel-mills/


Coke contract prices to surge on output cuts , steel boost - China ...
Mon, 26 Sep 2016 01:39:06 +0100
MINING.com - China DailyMetallurgical coal , or coke , contracts are set for the longest run of gains since quarterly deals were introduced in 2010 as China cuts output and raises steel production . Spot prices for hard coking coal have gained more than 80 percent since the ...
http://www.chinadaily.com.cn/business/2016-09/26/content_26893286.htm


Egypt steel producers increase prices by 5% on newly-adopted VAT
Sun, 25 Sep 2016 14:10:00 +0100
Ezz Steel, which controls more than half the country's steel market, has rose its prices by 4.6 percent since the beginning of this September to 6278 Egyptian pounds ($707) per tonne, from 6000 pounds. For Beshay Steel Company, prices hiked 3.7 percent to ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=E8ED71223CF24035A26A51127EAC34C2&url=http://www.amwalalghad.com/en/the-watch/forex-news/50787-egypt-steel-producers-increase-prices-by-5-on-newly-adopted-vat.html&c=5915830566005601220&mkt=en-gb


Govt. plans to halt iron ore exports from March 2017, to focus on ...
Sun, 25 Sep 2016 13:11:02 +0100
Iran is planning to halt the export of raw iron ore from March 2017 and instead sell processed form of the steelmaking ingredient to maximise returns under an era of low prices, an industry official said on Friday. Tehran, which currently exports iron ...
http://www.steelmillsoftheworld.com/news/newsdisplay_moreover.asp?slno%3D45551


Egypts Al Ezz Dekheila reports more losses in Q2 and H1
Sun, 25 Sep 2016 08:55:00 +0100
Egypt's Al Ezz Dekheila Steel - Alexandria (IRAX.CA), a unit of Ezz Steel, announced on Tuesday it recorded deeper losses in both the second quarter and the first half of the year. According to standalone business results, second quarter losses widened ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=5301056997B641D0A004487FA2D5CD7F&url=http://www.amwalalghad.com/en/investment-news/industry-trade/50780-egypts-al-ezz-dekheila-reports-more-losses-in-q2-and-h1.html&c=10671566597252982388&mkt=en-gb


Chinese miners to lift thermal coal output - Financial Times
Fri, 23 Sep 2016 22:57:16 +0100
But it does help keep a lid on coal prices in China, reducing pressure on thermal power generators and preventing the rally in coal prices from feeding through to the power sector. Coal and steel prices have been on a roller-coaster ride in China this ...
https://www.ft.com/content/6851cd26-81a7-11e6-bc52-0c7211ef3198


Credit Suisse On U.S. Steel: 'Shares Are Very Undervalued,' Correction ...
Fri, 23 Sep 2016 14:19:01 +0100
Woodworth believes U.S. Steel has meaningful upside potential into 2017, driven by the continued decline in conversion costs, the company realizing material ASP increases in its annual contract business, inflection in OCTG as the inventory excess is ...
http://www.benzinga.com/analyst-ratings/analyst-color/16/09/8489453/credit-suisse-on-u-s-steel-shares-are-very-undervalued-c


Steel consolidation: Together for the better or worse
Fri, 23 Sep 2016 08:01:00 +0100
News of the consolidation seems to have an uplifting effect on steel prices as Tangshan billet prices went up on both Tuesday and Thursday when the merger announcement and confirmation were made. For instance, Tangshan billet prices soared by RMB30 to 2120 ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=D9A0B2B5C4FC45858E51D576EA997B41&url=http://www.hellenicshippingnews.com/steel-consolidation-together-for-the-better-or-worse/&c=16359837720824322246&mkt=en-gb


Use of 'large open-ended pipe piles' could lead to lower-cost bridge ...
Thu, 22 Sep 2016 18:07:05 +0100
Called large open-ended pipe piles (LOEPPs), the lengths of steel pipe about 100 feet long and two feet in diameter will make up the bridge's center piers. One advantage of pipe piles is that they can be driven into the riverbed's alluvial soil easier ...
http://www.purdue.edu/newsroom/releases/2016/Q3/use-of-large-open-ended-pipe-piles-could-lead-to-lower-cost-bridge-construction.html


China, Japan, India Account For 64% Of Global Steel Output In August ...
Thu, 22 Sep 2016 17:10:00 +0100
New Delhi: China, Japan and India accounted for almost 64 per cent of the total global steel production of 134.1 million tonnes in August, data from the World Steel Association showed. World crude steel output, for the 66 countries reporting to the ...
http://profit.ndtv.com/news/commodities/article-china-japan-india-account-for-64-of-world-steel-output-in-august-1465268


Hinkley Point a boost to UK steel, but not a game changer - Reuters ...
Thu, 22 Sep 2016 14:15:00 +0100
UK steel firms are slowly emerging from a crisis that has seen some 5,000 jobs, or a fifth of the workforce, axed since last October, thanks primarily to rising steel prices and a falling pound making exports more competitive.. Britain approved the ...
http://uk.reuters.com/article/uk-britain-nuclear-steel-idUKKCN11S1I2


Brazil's Vale Ships More Iron Ore, China Price Slips - Barron's (blog)
Thu, 22 Sep 2016 14:01:24 +0100
Here is more from analysts Paul Gait, Marion de Floris and Jonathan Absolon at AB, the former Alliance Bernstein, in their weekly monitor of real-time iron ore shipments by BHP Billiton (BHP), Rio Tinto (RIO), Vale, Anglo American (ANGPY ) and ...
http://blogs.barrons.com/emergingmarketsdaily/2016/09/22/brazils-vale-ships-more-iron-ore-china-price-slips/


Ex-Limo Firm, Billionaires Bet on Iron Ore With Mine Plans, M&A ...
Thu, 22 Sep 2016 01:41:24 +0100
The global iron ore market is awash with supply and prices remain volatile, but a former Chinese limousine rental service and a billionaire New Zealand family ...
http://www.bloomberg.com/news/articles/2016-09-22/ex-limo-firm-billionaires-bet-on-iron-ore-with-mine-plans-m-a



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