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Iron ore market seen collapsing below last year's nadir - The Sydney ...
Fri, 26 Aug 2016 06:57:52 +0100
The iron ore market is about to swoon, according to Westpac, which forecasts benchmark prices may sink below last year's nadir of $US38.30 a metric ton.
http://www.smh.com.au/business/mining-and-resources/iron-ore-market-seen-collapsing-below-last-years-nadir-20160826-gr24yi.html


Vale turns iron ore bearish - MacroBusiness (blog)
Fri, 26 Aug 2016 00:55:43 +0100
Vale has based its budget calculations on iron ore prices at US$40/t. According to Figueiredo, a US$20/t Ebitda margin allows Vale to stay comfortable. The miner reported Q2 iron ore cash costs of US$28.5/t allowing the company to comfortably work ...
http://www.macrobusiness.com.au/2016/08/vale-turns-iron-ore-bearish/


Major steel companies see profits surge, pressure remains
Fri, 26 Aug 2016 00:48:00 +0100
In a report filed to the Shanghai Stock Exchange, Shandong Iron and Steel Company said its net profits stood at 23.15 million yuan (3.5 million U.S. dollars) in H1, surging over 210 percent year on year. Net profits for Inner Mongolia Baotou Steel Union ...
http://redirect.viglink.com?u=http://www.bing.com/news/apiclick.aspx%3Fref%3DFexRss%26aid%3D%26tid%3DA3B00334E0964B8A9FE577603E9B2F1C%26url%3Dhttp%253A%252F%252Fwww.ecns.cn%252Fbusiness%252F2016%252F08-26%252F224139.shtml%26c%3D5515461577010012421%26mkt%3Den-gb&key=ddaed8f51db7bb1330a6f6de768a69b8


Iron ore dips as China's steel capacity cuts gather pace - The Australian
Thu, 25 Aug 2016 22:02:00 +0100
Iron ore lost 0.7 per cent to $US61.10 overnight, according to The Steel Index, from $US61.50 yesterday. Chongqing Iron and Steel pointed to industrial overcapacity, a weak economy, rising labour costs and low steel prices for its decision, according ...
http://www.theaustralian.com.au/business/markets/iron-ore-dips-as-chinas-steel-capacity-cuts-gather-pace/news-story/81792ef06c9bf68b549eb79fe33638f0


Report explores the United States steel tube market size, share ...
Thu, 25 Aug 2016 10:02:42 +0100
The report, 'United States Steel Tube Market', also contains detailed information on clientele, applications and contact information. Accurate forecasts by credible experts on critical matters such as production, price, and profit are also found in ...
https://www.whatech.com/market-research/industrial/197374-united-states-steel-tube-market-size-share-growth-trends-demand-and-forecast-2021


ArcelorMittal SA pricing parity policy likely to boost domestic steel ...
Thu, 25 Aug 2016 03:43:39 +0100
The South African government had launched an investigation in 2008 to determine ways to lower domestic steel prices after allegations by customers that Arcelor Mittal SA was charging high prices. The investigations also covered other steel firms ...
http://www.metal.com/newscontent/98010_arcelormittal-sa-pricing-parity-policy-likely-to-boost-domestic-steel-sector


Mounting losses, delisting drive Chongqing Steel out of steel sector
Wed, 24 Aug 2016 23:06:00 +0100
The listed unit of the Valin Iron and Steel Group , based in central China's Hunan province, is also planning to swap its steel assets for more lucrative finance and clean energy operations to avoid being delisted. China's second biggest steelmaker ...
http://redirect.viglink.com?u=http://www.bing.com/news/apiclick.aspx%3Fref%3DFexRss%26aid%3D%26tid%3DA707F6B8E2B849149D1BA49DEF5248D4%26url%3Dhttp%253A%252F%252Fwww.reuters.com%252Farticle%252Fchina-steel-chongqing-idUSL3N1B61WD%26c%3D12116360798066747177%26mkt%3Den-gb&key=ddaed8f51db7bb1330a6f6de768a69b8


Avoid the Steel Trap - Morningstar.com
Wed, 24 Aug 2016 12:05:46 +0100
MetalMiner - Morningstar.comU.S. steelmaker stocks have rallied sharply after a painful 2015 and are now pricing in much better times ahead. Given the impact of skyrocketing steel prices, the perception of improved supply discipline in China, and protectionist trade cases, the ...
http://news.morningstar.com/articlenet/article.aspx?id%3D766251


Vale Offered $9 billion by Chinese Investors for Iron Ore Streaming ...
Wed, 24 Aug 2016 03:47:00 +0100
The Samarco Dam collapse in November last year added to its woes ... to ruling prices and the long-term nature of any agreement can dampen the outlook for iron ore. The prices have continued to trade over $60 a tonne due to record-breaking imports by ...
http://redirect.viglink.com?u=http://www.bing.com/news/apiclick.aspx%3Fref%3DFexRss%26aid%3D%26tid%3DF139BE3D1D924832A3AED6D97BAE5F15%26url%3Dhttp%253A%252F%252Fwww.researz.com%252Fvale-offered-9-billion-chinese-investors-iron-ore-streaming-deal%26c%3D4374112297023487212%26mkt%3Den-gb&key=ddaed8f51db7bb1330a6f6de768a69b8


Miners lift as iron ore continues to defy naysayers - The Australian
Tue, 23 Aug 2016 22:21:23 +0100
Ratings agency Moody's last night upgraded its credit ratings for pure play iron ore producer Fortescue Metals Group, following the miner's aggressive debt repayments on the back of cost cutting and the surprise price rebound that helped it triple its ...
http://www.theaustralian.com.au/business/markets/miners-lift-as-iron-ore-continues-to-defy-naysayers/news-story/c90cfde615d42129bde7ed6eade46f76


Chinese steel climbing again as capacity cuts advance - Nikkei Asian ...
Tue, 23 Aug 2016 18:04:50 +0100
Hot-rolled coil is trading at 2,900 yuan to 3,000 yuan ($436 to $451) a ton in China, with major producers Anshan Iron and Steel Group and Wuhan Iron and Steel setting prices on the material 200 yuan higher for September than for August. Such increases ...
http://asia.nikkei.com/Markets/Commodities/Chinese-steel-climbing-again-as-capacity-cuts-advance


Iron Ore: Is the Rally Running out of Steam - Barron's (blog)
Tue, 23 Aug 2016 16:05:47 +0100
Citigroup's Tracy Xian Liao and team argue that the rally in iron-ore priceswhich has helped lift shares of Cliffs Natural Resources (CLF) and other iron minersis running out of steam. They explain: Bloomberg News. Despite iron ore's outstanding ...
http://blogs.barrons.com/stockstowatchtoday/2016/08/23/iron-ore-is-the-rally-running-out-of-steam/


Iron ore's rally has its days counted Citi - MINING.com
Tue, 23 Aug 2016 15:23:30 +0100
There are short- to medium-term risks in iron ore and coal as the impact of Chinese stimulus that has boosted the 2016 year to date abates, Citi analysts wrote in a research note, quoted by Bloomberg. Despite calling it a 'darling' of commodities so ...
http://www.mining.com/iron-ores-rally-has-its-days-counted-citi/


South Africa and ArcelorMittal forge steel pricing agreement - Daily ...
Tue, 23 Aug 2016 14:03:06 +0100
In future, when ArcelorMittal South Africa changes its flat steel prices, it will have to use a transparent mechanism based on the forecast basket prices of fabricated metal products, machinery and equipment, as well as vehicle and other transport ...
http://www.dailymail.co.uk/wires/reuters/article-3754663/South-Africa-ArcelorMittal-forge-steel-pricing-agreement.html


U.S. Steel, Steel Dynamics have more room to run, Citi says
Tue, 23 Aug 2016 04:02:45 +0100
Citigroup initiated coverage on the steel sector today with a positive outlook , with Buy ratings on U.S. Steel and Steel Dynamics , and Neutral ratings for AK Steel , Nucor and Commercial Metals . Citi sees prices for hot-rolled coil holding the $550-$600/ton range into 2017, a relatively more bullish view than the consensus which expects prices to fall quickly in H2 given relatively high price premiums vs. imports, but the firm finds support from idlings, imports and inventory.
http://www.topix.com/com/nue/2016/08/u-s-steel-steel-dynamics-have-more-room-to-run-citi-says



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