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Economic steel sector headlines and reports


Rising energy costs, outages threaten ArcelorMittal SA - BDlive
Thu, 28 May 2015 05:10:46 +0100
JSE-listed ArcelorMittal SA could be facing the biggest threat in its 90-year history, with rising energy costs and erratic supply making it difficult for the country's largest steel maker to compete with steel imports from China. The government has ...
http://www.bdlive.co.za/business/industrials/2015/05/28/rising-energy-costs-outages-threaten-arcelormittal-sa


Iron ore rebounds but outlook remains grim - The Australian
Wed, 27 May 2015 22:31:14 +0100
A recent rebound in iron ore prices has done nothing to sway the downbeat outlook from forecasters, with Atlas Iron declaring lower price assumptions will see it write $130 million to $160 million off the value of development assets, and Citi slashing ...
http://www.theaustralian.com.au/business/mining-energy/iron-ore-rebounds-but-outlook-remains-grim/story-e6frg9df-1227371919978


Improved domestic iron ore supply to bring down prices - Business ...
Wed, 27 May 2015 14:47:34 +0100
Steel companies who don't have captive iron supplies have a reason to cheer. Domestic iron ore prices are expected to slide in coming months on the back of improved supply of the commodity from states of Odisha and Karnataka apart from higher ...
http://www.business-standard.com/article/markets/improved-domestic-iron-ore-supply-to-bring-down-prices-115052701231_1.html


China willing to back high cost Fortescue
Wed, 27 May 2015 14:04:00 +0100
Hunan Valin purchased a 16.5 per cent stake in Fortescue for ... However, CISA forecasts Chinese steel production would not grow beyond 900 million tonnes a year in contrast to BHP and Rio who remain confident supply will top 1 billion tonnes annually ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7e4967aed58744809ead84d0a764c2f7&url=http://www.smh.com.au/business/mining-and-resources/china-willing-to-back-high-cost-fortescue-20150527-ghasho.html&c=D-o5yMKQFPSh_UQNSzyhJaS1om2lkScv74akk9IES3g&mkt=en-gb


Slumping oil, iron ore prices affect development in Atlantic Canada: ...
Mon, 25 May 2015 14:08:39 +0100
ST. JOHN'S, N.L. -- A new report says the sharp drop in oil and iron ore prices continues to have an impact on development activity in Atlantic Canada, particularly in Newfoundland and Labrador. The Atlantic Provinces Economic Council's says in its ...
http://www.ctvnews.ca/business/slumping-oil-iron-ore-prices-affect-development-in-atlantic-canada-report-1.2389479


Arab Financial Investment : Ezz Steel to pump $ 550 m in DRI project
Mon, 25 May 2015 07:17:00 +0100
Arab Finance: George Matta, Corporate Marketing Officer at Ezz Steel (ESRS) stated that the group intends to pump $ 550 million to execute direct reduced iron - DRI (sponge iron) before the end of current fiscal year. He told Aswat Masriya that the project ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=e66527217c5f4fc080fa3ec9622fb7fb&url=http://www.4-traders.com/ARAB-FINANCIAL-INVESTMENT-20702213/news/Arab-Financial-Investment--Ezz-Steel-to-pump--550-m-in-DRI-project-20432216/&c=1-hlWlRMxNVZkqzk-aAx1i1oCRxq34mVH5HAc0ssNpY&mkt=en-gb


Sensex Falls Over 100 Points, ITC, Tata Steel Among Top Losers
Mon, 25 May 2015 07:13:00 +0100
The 50-share Nifty fell below its important psychological level of 8,450 led by losses in blue-chip stocks like ITC, Tata Steel, Larsen & Toubro, State Bank of India and ICICI Bank....
http://article.wn.com/view/2015/05/25/Sensex_Falls_Over_100_Points_ITC_Tata_Steel_Among_Top_Losers/


Despite low prices, iron ore producers keep churning it out - The ...
Sun, 24 May 2015 15:02:00 +0100
If Atlas Iron with production costs of around $US60 a tonne is in trouble, Sino Iron should be mothballed. There is no obvious economic justification for keeping it going. The mine's continued operation says much about what is wrong with the iron ore ...
http://www.theaustralian.com.au/business/mining-energy/despite-low-prices-iron-ore-producers-keep-churning-it-out/story-e6frg9df-1227367518645


Why Lower Iron Ore Prices Could Hit Caterpillar Stock Hard - Motley ...
Sat, 23 May 2015 17:08:19 +0100
If Caterpillar (NYSE: CAT ) investors are betting on recovery in the mining industry to push the stock higher, they're in for some bad news. Industry experts peg prices of key commodities including iron ore to hit multiyear lows in the near future as ...
http://www.fool.com/investing/general/2015/05/23/why-lower-iron-ore-prices-could-hit-caterpillar-st.aspx


U.S. Steel to file 'several' anti-dumping complaints - STLtoday.com
Fri, 22 May 2015 18:23:23 +0100
The U.S. steel industry is under huge pressure this year from cheap imports, a strong dollar, and from falling oil prices, which have decimated demand for steel tubes used by the oil and gas industry. According to the American Iron and Steel Institute ...
http://www.stltoday.com/business/local/u-s-steel-to-file-several-anti-dumping-complaints/article_cdbd44e8-22ed-52c2-8c72-b2eab5cc42da.html


Tata Steel Thai Unit Sees Return to Profit in 2015/16 on Rise in ...
Thu, 21 May 2015 09:18:48 +0100
Bangkok: Tata Steel Thailand PCL, the Thai unit of Tata Steel Group, said on Thursday it expected to return to net profit for the fiscal year ending March 2016, lifted by rising steel prices and higher demand. The company, which made a net loss of 609 ...
http://profit.ndtv.com/news/corporates/article-tata-steel-thai-unit-sees-return-to-net-profit-in-2015-16-on-rise-in-demand-prices-764864


U.K. stocks get a boost from miners; Royal Mail loses ground
Thu, 21 May 2015 09:00:00 +0100
at MarketWatch - The FTSE 100 gains as mining stocks are lifted after the release of manufacturing data from commodities buyer China.
http://us.rd.yahoo.com/finance/external/cbsm/rss/SIG=11iiumket/*http://www.marketwatch.com/News/Story/Story.aspx?guid=3DB130F4-FF88-11E4-BFB1-87CD84584DCB&siteid=yhoof2


Tata Steel Shares Slump on Q4 Loss of Rs 5,674 Crore
Thu, 21 May 2015 07:16:00 +0100
Tata Steel shares slumped nearly 5 per cent on Thursday after the company reported a consolidated loss of Rs 5,674 crore in the March quarter. India's biggest steel maker had reported a profit of Rs 1......
http://article.wn.com/view/2015/05/21/Tata_Steel_Shares_Slump_on_Q4_Loss_of_Rs_5674_Crore/


Vale: Turnaround Unlikely In A Challenging Iron Ore Market (VALE) ...
Thu, 21 May 2015 02:29:02 +0100
Although Vale (NYSE:VALE) has a decent turnaround plan, the company may struggle due to its over reliance on iron ore prices. Over the previous conference call, Vale's chief executive Murilo Ferreira said that the company's EBITDA was negatively ...
http://seekingalpha.com/article/3196306-vale-turnaround-unlikely-in-a-challenging-iron-ore-market


Tata Steel trims capex by 25% to Rs 10,000-cr this fiscal
Wed, 20 May 2015 20:47:00 +0100
Tata Steel, which reported a massive Rs 5,674 crore loss in the March quarter due to non-cash write downs, on Wednesday said it will spend Rs 10,000 crore in capex this fiscal as it hopes demand conditions to improve over the next few quarters. 'We will ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=95e308f596cb428ea70571bd2f655011&url=http%3a%2f%2fwww.moneycontrol.com%2fnews%2fbusiness%2ftata-steel-trims-capex-by-25-to-rs-10000-cr-this-fiscal_1388902.html&c=Z4aY2n9GAj35vnBPo8hviCGG8E4AopDvBTSxAXeztLU&mkt=en-gb



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