Miner NWR shareholders approve rights issue as part of restructuringWed, 20 Aug 2014 11:37:24 +0100
Shareholders of Czech coal miner New World Resources have approved a rights issue as part of a debt and equity restructuring, the company said on Wednesday. NWR has suffered losses due to a drop in global ...
Chinese iron ore, steel prices slip on oversupply worriesWed, 20 Aug 2014 05:17:34 +0100
* Illegal steel production still adding to oversupply Commodity Exchange and the ports, for example, we can sometimes "Right now, the price for iron ore is going down and down, On Tuesday, China issued detailed new policy measures aimed
Why Steel Dynamics has high profit marginsTue, 19 Aug 2014 22:00:16 +0100
Which Metric should we use for Steel Dynamics There are several metrics to measure the profitability of a company. Earnings before interest, depreciation, amortization and taxes (or EBITDA), gross profits...
International Coal Conference Draws Global Experts to Share Innovations ...Tue, 19 Aug 2014 10:00:00 +0100
From September 10-12, delegates from across Canada and around the world will gather in Vancouver, British Columbia for the 2014 Coal Association of Canada Conference to hear from international experts ...
Asian steel industry outlook revised to stable - Stock Market WireTue, 19 Aug 2014 09:39:36 +0100
StockMarketWire.com - Moody's Investors Service has revised its outlook on the Asian steel industry to stable from negative. Moody's assistant vice-president and analyst Jiming Zou said: "The improved outlook mainly reflects our expectation that the ...
Moody's Raises Asia Steel Outlook But Warns of Cutback if China ...Tue, 19 Aug 2014 07:23:40 +0100
Moody's Investors Service has revised its outlook for the Asian steel industry to stable from negative, but warned that the outlook will return to negative if manufacturing in China declines. The improved outlook mainly reflects expectation that the profitability of Asian steel manufacturers will increase moderately year-on-year in the next 12 months, Moody's said in a statement. "The ...
Steelmaker Arrium swings back to profitability - Yahoo7 NewsTue, 19 Aug 2014 00:53:08 +0100
Sky News Australia - Australian steel maker Arrium has swung back to profitability, helped by its expansion into mining. The company, formerly OneSteel, revealed a full-year net profit of $205 million, which is a significant improvement on the $695 million loss from the ...
Iron ore export growth lifts Arrium profit 83 per cent - Sydney Morning ...Tue, 19 Aug 2014 00:28:02 +0100
Steel and mining group Arrium has reported an 83 per cent jump in full-year underlying net profit to $296 million as growth in iron ore exports boosted earnings. The company, formerly known as OneSteel, said revenue for the year 30 June 2014 rose two ...
US sheet steel prices flat as lead times stretch out - PlattsMon, 18 Aug 2014 22:38:23 +0100
Platts Steel Markets Daily is a leading source for iron ore prices, scrap metal prices, and iron ore news. It is the only publication that publishes global metallurgical coal spot prices on a daily basis and contains two iron ore price benchmark ...
An investors guide to key operations of Steel DynamicsMon, 18 Aug 2014 22:13:04 +0100
What are the key markets for Steel Dynamics Steel Dynamics (STLD), like other steel companies like Arcelor Mittal (MT), United States Steel Corporation (X), and Nucor Corporation (NUE) supplies its
ThyssenKrupp sees future profits in troubled Brazil mill - ReutersMon, 18 Aug 2014 18:12:04 +0100
Last week ThyssenKrupp raised the outlook for its financial year ending in September to "break-even to slightly positive net income," boosted by an unexpected quarterly profit at CSA. Faced with a weak global market for steel, ThyssenKrupp said it ...
Iron-Ore Bears Weigh Down Worst State Bonds: Australia Credit - BusinessweekMon, 18 Aug 2014 15:18:48 +0100
While Western Australia has based its spending plans on iron ore staying at an average $122.70 a ton this fiscal year, analysts surveyed by Bloomberg predict the steelmaking material will hold closer to current levels through 2018. The state's ...
Baosteel freezes prices for second month in a row - Steel Times International ...Mon, 18 Aug 2014 13:14:28 +0100
Leading Chinese steelmaker Baosteel will be freezing prices on its main sheet steel products for orders to be delivered in August. The move, not entirely unexpected, comes as the Chinese industry is plagued with soft demand and high production levels, ...
Belgium steel industry hit by flatlining demand across the Euzone ...Mon, 18 Aug 2014 01:35:00 +0100
(live-PR.com) - In Q214 we are sticking with our full-year production forecasts for Belgiums steel sector. An up-tick in Belgiums economic growth in 2014 is unlikely to filter down into the countrys steel sector with the industry continuing to be hit ...
Hopes rise for iron ore price rebound - The AustralianSun, 17 Aug 2014 15:03:44 +0100
A MODEST recovery in iron ore prices has raised hopes that prices for Australia's biggest export earner can rebound to $US100 per tonne before the end of the year, easing the pressure on higher cost producers for radical cost-cutting and project ...