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JSW Steel: Q2 show suggests worst is over
Tue, 21 Oct 2014 15:03:11 +0100
The worst seems to be over for JSW Steel. Analysts believe that most of the issues plaguing the company are in the process of getting resolved and its earnings trajectory will only improve going ahead.

The Iron Ore Bust Hits From West to East
Tue, 21 Oct 2014 04:18:53 +0100
Australia had better come to grips with this sooner rather than later. We don't have a budget or an economic structure ready for US$50/tonne iron ore prices The post The Iron Ore Bust Hits - From West to East appeared first on The Daily Reckoning Australia .

Taiwanese Feng Hsin keeps rebar and section steel prices unchanged ...
Tue, 21 Oct 2014 03:54:06 +0100
BEIJING (Scrap Monster): Major Taiwanese long steel product manufacturer-Feng Hsin Iron and Steel Co. has decided to maintain its rebar prices for the week commencing October 20th. However, the prices of section steel will see a cut, the company stated.

Aussie shares continue to rally
Tue, 21 Oct 2014 00:38:07 +0100
The Australian share market has opened higher on strong US leads and iron ore price gains. US stocks extended the rally that began late last week with the Dow Jones Industrial Average finishing 0.12 per cent higher on Monday. Wall Street's gains and better commodity prices had driven the Australian share market higher, Bell Direct equities analyst Leanne Jones said.

Iron ore edges up as Chinese mills replenish inventories
Mon, 20 Oct 2014 23:54:00 +0100
SINGAPORE: Spot iron ore prices rose to above $81 a tonne as Chinese steel producers restocked, although the supply of available cargoes remained high and kept a lid on gains. Mills in China's Tangshan area in the northern Hebei province were buying more ...

Steel Dynamics Reports Third Quarter 2014 Diluted Earnings Per Share ...
Mon, 20 Oct 2014 23:00:00 +0100
FORT WAYNE, Ind., Oct. 20, 2014 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced third quarter 2014 net sales of $2.3 billion and net income of $91 million, or $0.38 per diluted share, ...

Australian dollar boosted by higher iron ore price, lower US dollar ...
Mon, 20 Oct 2014 22:16:48 +0100
The currency got a boost overnight as the US dollar weakened and the iron ore price rose. The Australian dollar has gradually moved higher overnight and is just below 88 US cents this morning, from a low of 87.50 cents yesterday afternoon, National ...

Thompson Creek Metals Company Schedules Third Quarter 2014 Financial ...
Mon, 20 Oct 2014 22:01:00 +0100
Marketwired - Thompson Creek Metals Company Inc. , a diversified North American mining company , has scheduled a conference call/webcast for analysts and investors to discuss its third quarter 2014 financial results ...*

Steel Dynamics to Host Third Quarter 2014 Earnings Conference Call ...
Mon, 20 Oct 2014 21:05:00 +0100
FORT WAYNE, IN / ACCESSWIRE / October 20, 2014 / Steel Dynamics, Inc (NASDAQ:STLD) will host a conference call and live webcast to discuss the results of the third quarter 2014, to be held Tuesday, October ...

Must-know: Steel plays stock market dynamics
Mon, 20 Oct 2014 18:57:05 +0100
During the peak of the global financial crisis, stock markets plunged globally. Steel companies were no exception. U.S. Steel Corps share prices fell by more than 80% in one year.

ArcelorMittal SA Sees Unusually Large Options Volume (MT)
Mon, 20 Oct 2014 18:16:00 +0100
Analysts expect that ArcelorMittal SA will post $0.39 EPS for the current fiscal year. ArcelorMittal SA (NYSE:MT) is a global steel producer. Receive News & Ratings for ArcelorMittal SA Daily - Enter your email address below to receive a concise daily ...

Chinas worsening property slump a risk to the economy
Mon, 20 Oct 2014 18:02:00 +0100
Smaller developers in cities such as Baotou in the north and Ningbo and Wenzhou in the ... The slowdown is rippling through different corners of the economy. Domestic steel prices are falling - steel rebar is down 15.8 per cent since the start of the ...

Efficient Arrium cuts costs but falling iron ore prices hurt - The ...
Mon, 20 Oct 2014 14:05:06 +0100
Market sentiment was impacted by changes in the balance between iron ore supply and demand, which significantly raised the level of uncertainty over the outlook for iron ore prices, including the extent and timing of recovery, Arrium said of rising ...

Steel companies lower their prices in attempt to attract sales
Mon, 20 Oct 2014 10:37:00 +0100
Two steel companies have lowered their prices in an attempt to increase sales in the domestic market, according to the Executive director of the Chamber of Metallurgical Industries Mohamed Hanafi in a statement to the Daily News Egypt. EZZ Steel's have ...

2 Numbers That Could Make Rio Tinto Plc A Nailed-On Sell
Mon, 20 Oct 2014 09:20:48 +0100
Royston Wild explains why Rio Tinto Plc (LON: RIO) could be set for heavy stock price weakness.

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