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Economic steel sector headlines and reports

Vale sees iron ore prices stable for rest of 2016 and in 2017
Fri, 21 Oct 2016 18:30:00 GMT
Iron ore for prompt delivery in China was quoted at $58.40 per ... Ferreira also commented on homicide charges presented on Thursday against some executives at its joint venture Samarco linked to last November mine disaster that killed 19 people in Brazil.

Nucor Corp. (NUE) Stock Rating Lowered by Zacks Investment Research
Thu, 20 Oct 2016 11:43:59 GMT
According to Zacks, Nucor remains exposed to certain macro economic difficulties including continued weakness in the steel industry, challenges in the Eurozone and persistent risk of cheaper imports. The company is seeing weak demand across a number of markets including energy.

Shanghai Composite Index Declines Slightly, but R&D Spending ...
Thu, 20 Oct 2016 11:04:00 GMT
Real estate and construction company Shanghai Zhongji Investment Holding Company gained the maximum allowable 10 percent today, as did real estate and computer peripheral company Fujian Start Group ... mostly centered on steel imports.

BHP First-Quarter Iron Ore Output Falls 6% on Rail, Samarco
Wed, 19 Oct 2016 07:00:00 GMT
Iron ore and metallurgical coal prices have been stronger than expected, although we continue to expect supply to grow more quickly than demand in the near term, he said. During the September 2016 quarter, BHP Billiton was the apparent high bidder on 12 ...

8 Reasons to Buy Nucor Corporation and Never Sell
Tue, 18 Oct 2016 19:31:32 GMT
It's also one of the most profitable today, in the midst of a deep industry downturn that's been in place since the end of the Great Recession.Sound impressive Here are eight reasons to buy Nucor Corporation and never sell. So the first reason is really something that would apply to just about any steel mill, but it's important.

BHP First-Quarter Iron Ore Output Falls 6% on Rail Program
Tue, 18 Oct 2016 16:10:00 GMT
BHP Billiton Ltd., the worlds biggest mining company, reported first-quarter iron ore production fell 6 percent as the producer ... which included output from the Samarco operations, and beat the 56.6 million tons median estimate of five analysts ...

Global vanadium market forecast to 2021 made available by top research ...
Mon, 17 Oct 2016 09:43:00 GMT
Companies like Evraz Highveld Steel&Vanadium, Tulachermet, Xstrata, American Vanadium, Atlantic Ltd, Shaanxi Youser Group, Hunan Jinxiang and more are profiled in the terms of product picture, specification, capacity, production, price, cost, gross ...

One year on, Brazil battles to rebuild after the Samarco mining disaster
Fri, 14 Oct 2016 02:16:00 GMT
Vale told the press that, as it did not manage Samarco, it should not take the lead in cleaning up the mess. Vale is one of Brazil's biggest companies, and the world's largest producer of iron ore, but like BHP and others in the industry, its profits ...

Western Australia calls for 'more scrutiny' on where LNG wealth is ...
Wed, 12 Oct 2016 03:07:00 GMT
The $3 billion WA expects to receive in iron ore royalties this year is twice the total the Commonwealth ... The Australian Government Civil and Aviation Safety Authority (CASA) has moved to amend laws to reduce the cost and legal requirements for flying ...

Nucor, Encana end drilling agreements, make lease deal
Wed, 05 Oct 2016 11:50:21 GMT
A major steelmaker and the oil and gas producer Encana have ended deals compelling them to jointly develop thousands of natural gas wells in western Colorado's Piceance Basin when gas prices are high enough. In their place, Nucor has bought a 49 percent oil and gas lease interest from Encana in about 54,000 acres in the Piceance, with Encana retaining a 51 percent controlling interest in that acreage.

Nucor Corp. (NUE) - Analysts' Recent Ratings Updates
Wed, 05 Oct 2016 07:45:18 GMT
Several brokerages have updated their recommendations and price targets on shares of Nucor Corp. in the last few weeks: 9/20/2016 - Nucor Corp. had its hold rating reaffirmed by analysts at Berenberg Bank. They now have a $57.50 price target on the stock.

FDI falls 53 percent in July-August
Tue, 28 Sep 2016 13:02:00 BST
He termed the inconsistent economic policies as the reason behind the downward trend in the FDI. Referring to the rollback of investment from Tuwairqi Steel Mills, he said investors are assured of gas supply at the time of agreement, but they are denied of ...

Exxaro concludes disposal of Mayoko iron-ore project - Mining Review
Fri, 30 Sep 2016 14:29:59 +0100
Following the global economic downturn and collapse of iron ore prices in 2014, Exxaro took a decision to stop all project development activities and in June 2014 announced the impairment of the Mayoko project. Exxaro expects iron ore prices to remain ...

China's Steel Prices Might Have Started Giving Up: More Downside ...
Thu, 29 Sep 2016 20:10:00 +0100
Although this has helped iron ore prices year-to-date, the question remains whether steel prices can remain buoyant for the remainder of 2016 in order to support the current level of iron ore prices. The answer lies in the analysis of steel's ...

Companhia Siderurgica Nacional (ADR) (NYSE:SID) has been upgraded ...
Thu, 29 Sep 2016 15:15:00 +0100
Companhia Siderurgica Nacional operates throughout the entire steel production chain, from the mining of iron ore to the production and sale of a range of steel products, including coated galvanized flat steel and tinplate. The Company operates through ...

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