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Economic steel sector headlines and reports


Is the future anything but bleak for junior iron ore miners - Proactive ...
Mon, 06 Jul 2015 12:36:03 +0100
We expect low quality iron ore producers to go out of business in this environment, says SP Angel analyst John Meyer. Most of the other iron ore companies will go into hibernation. What that means for investors will vary on a case by case basis ...
http://www.proactiveinvestors.co.uk/companies/news/108718/is-the-future-anything-but-bleak-for-junior-iron-ore-miners-108718.html


Low iron ore prices to reduce mfg costs: Kalyani Steels - Moneycontrol.com
Mon, 06 Jul 2015 08:58:43 +0100
For them the end product prices that are steel prices in the last few months have come down by Rs 2000-2200 per metric tonne, so the price reduction in raw material costs is very small compared to the reduction in prices they have to pass on to their ...
http://www.moneycontrol.com/news/business/low-iron-ore-prices-to-reduce-mfg-costs-kalyani-steels_1813221.html


Iron ore market sentiments remain poor
Mon, 06 Jul 2015 05:09:00 +0100
Iron ore futures fell 1.45%, though SHFE rebar futures were up marginally (+0.33%). Steel prices continued their descent, with rebar in major cities off by another RMB 10-20/t and billet prices in Tangshan losing RMB 20/t.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=9175e7b3b7ba4b63afacad3aa6999c05&url=http://www.metal.com/newscontent/74967_iron-ore-market-sentiments-remain-poor&c=rFdsD3WMzwRxBQWswu1l-KuiVJaWXzFR8cWpXGVLVB0&mkt=en-gb


Company Shares of Steel Dynamics, Inc. Drops by -7.26% - OTC Outlook
Mon, 06 Jul 2015 02:14:06 +0100
OTC OutlookSteel Dynamics, Inc. (NASDAQ:STLD) has lost 7.26% during the past week and dropped 7.76% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 6.15%. Steel Dynamics, Inc. (NASDAQ:STLD) ...
http://www.otcoutlook.com/company-shares-of-steel-dynamics-inc-drops-by-7-26/641468/


Iron ore price fall continues - Business Spectator
Sun, 05 Jul 2015 16:12:14 +0100
After a brief iron ore price resurgence in May and June to $US65 a tonne on the back of weather-related supply problems in the Pilbara, record shipments from Rio and BHP ports at a time of continued weakness in Chinese steel markets have forced prices ...
http://www.businessspectator.com.au/news/2015/7/6/australian-news/iron-ore-price-fall-continues


Local iron ore juniors under pressure - The Australian Financial ...
Sun, 05 Jul 2015 15:19:27 +0100
Significant cost reductions made over the past nine months may not be enough to buffer Australia's smaller iron ore producers from further deterioration in the iron ore price. Despite impressive cost-cutting efforts, most of the local sector's junior ...
http://www.afr.com/business/mining/iron-ore/local-iron-ore-juniors-under-pressure-20150705-gi4xjf


India: Steel companies sell assets, recast loans to cut spiralling ...
Fri, 03 Jul 2015 22:00:57 +0100
For example, India's most indebted steel company, Tata Steel has already announced its plans to sell off its long products division in Europe but it has not been able to close the deal as falling global steel prices reduced its valuation. This week ...
http://www.hellenicshippingnews.com/india-steel-companies-sell-assets-recast-loans-to-cut-spiralling-debt/


China Steel prices continues to spiral downwards in June - Hellenic ...
Fri, 03 Jul 2015 22:00:57 +0100
The reduction has occurred despite a recent rally in iron ore prices. This situation has accelerated the deterioration in margins, with losses, throughout the supply chain, mounting. Oversupply continues to exert negative pressure on steel selling values.
http://www.hellenicshippingnews.com/china-steel-prices-continues-to-spiral-downwards-in-june/


China's steel dragon has lost its appetite for American coal
Fri, 03 Jul 2015 20:23:33 +0100
at Financial Times - As the headlines earlier this week told you, the US coal industry scored a win at the Supreme Court. With a 5-4 majority it ruled that the Environmental Protection Agency had to consider compliance costs ...
http://us.rd.yahoo.com/finance/external/ft/rss/SIG=129m2gcbv/*http://www.ft.com/cms/s/05c7bffa-2161-11e5-ab0f-6bb9974f25d0,s01=1.html?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev


Japan July-Sept crude steel output seen staying at 6-year low - Economic ...
Fri, 03 Jul 2015 13:33:26 +0100
The ministry predicted crude steel output would sink to 26.18 million tonnes in July-September, the lowest output for the quarter since 2009 when steel demand was hit hard by the global financial crisis. April-June output also hit a six-year low for ...
http://economictimes.indiatimes.com/news/international/business/japan-july-sept-crude-steel-output-seen-staying-at-6-year-low/articleshow/47926683.cms


China Steel Price Roundup from MEPS - Hellenic Shipping News Worldwide
Fri, 03 Jul 2015 11:35:23 +0100
Chinese steel prices have continued to spiral downwards in June, according to MEPS. The average decrease is around 5 percent, month-on-month. The reduction has occurred despite a recent rally in iron ore prices. This situation has accelerated the ...
http://www.hellenicshippingnews.com/china-steel-price-roundup-from-meps/


Sensex Ends Nearly 150 Points Higher on Buying in Banking Stocks
Fri, 03 Jul 2015 07:32:00 +0100
The Indian benchmark indices ended higher in trades on Friday ... 2:25 p.m.: BSE metal index fell 1.5 per cent; JSPL, SAIL, JSW Steel, Hindustan Zinc, Vedanta, Tata Steel and Hindalco were among the top losers. 2:19 p.m.: Nifty 8,600 call option was ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=080a8c494eee450e8895d980e2b5159e&url=http%3a%2f%2fprofit.ndtv.com%2fnews%2fmarket%2farticle-live-nifty-likely-to-open-lower-on-weak-global-cues-777739&c=VHuXeAuA9_nXa0BpKNJYd1vQ07XcciEuWGHVtrQnFGQ&mkt=en-gb


McEwen Mining Addresses New York Stock Exchange Listing Requirements
Thu, 02 Jul 2015 21:30:00 +0100
Marketwired - McEwen Mining Inc. announced today that it has fallen below the New York Stock Exchange continued listing requirement related to the price of its common stock. The NYSE requires that the average closing ...
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/mcewen-mining-addresses-york-stock-203000338.html


TimkenSteel to Announce Second-Quarter 2015 ...
Thu, 02 Jul 2015 13:39:00 +0100
PR Newswire - CANTON, Ohio, July 2, 2015 /PRNewswire/ -- TimkenSteel Corp. (NYSE: TMST, timkensteel.com ) will release its 2015 second-quarter financial results on Thursday, July 30, 2015, after the market closes on ...
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/timkensteel-announce-second-quarter-2015-123900028.html


Analyst Price Target Update on Steel Dynamics, Inc. - OTC Outlook
Thu, 02 Jul 2015 09:54:59 +0100
OTC OutlookSteel Dynamics, Inc. (NASDAQ:STLD): 12 analysts have set the short term price target of Steel Dynamics, Inc. (NASDAQ:STLD) at $24.88. The standard deviation of short term price target has been estimated at $2.24, implying that the actual price may ...
http://www.otcoutlook.com/analyst-price-target-update-on-steel-dynamics-inc/638779/



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