Stainless MMI: Chinese Nickel Rises as Pig Iron Production Falls ...Mon, 14 Apr 2014 23:12:56 +0100
The week's biggest mover on the weekly Stainless MMI® was the price of Chinese primary nickel, which saw a 11.5 percent increase to CNY 118,000 ($18,993) per metric ton. Prices for Chinese 304 stainless steel scrap remained constant, closing the week ...
China iron ore mountain a risk as financing crackdown bitesMon, 14 Apr 2014 22:52:47 +0100
A crackdown in China on financing backed by commodities risks unleashing a flood of iron ore sales from tens of millions of tonnes of the raw material sitting at Chinese ports, raising the prospect of a renewed price slump. Investors who have raised funds against mostly unhedged iron ore could be at risk in the event of a price fall due to sluggish steel demand, leading to forced sales as banks ...
Gas price hike will cost industry RM130m more annually : Misif - ...Mon, 14 Apr 2014 22:41:12 +0100
PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) has lambasted the government's decision to allow an increase in gas prices for industries, which it claims will translate to an additional RM130 million in costs for the steel ...
China Inc joins the big league in oil and gas servicesMon, 14 Apr 2014 22:39:57 +0100
State-run and privately controlled Chinese rig makers, oil and gas services and engineering firms are showing up in the supply chain everywhere from the Middle East, the North Sea and North America to frontier areas like Mozambique. Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment ...
Stratfor: Ukraine Conflict to Dominate Global Geopolitical Agenda ...Mon, 14 Apr 2014 13:30:00 +0100
Stratfor today released its 2014 Second Quarter Forecast, focusing largely on the broader regional impact of Russia's confrontation with Ukraine and the resulting U.S.-Russia standoff.
ArcelorMittal SA Stock Rating Lowered by Zacks (MT)Mon, 14 Apr 2014 11:53:00 +0100
Analysts expect that ArcelorMittal SA will post $0.86 EPS for the current fiscal year. ArcelorMittal SA (NYSE:MT) is a global steel producer. To view Zacks full report, visit Zacks official website. Get Analysts' Upgrades and Downgrades via Email ...
8-2 U.S. Steel Cuts LossesSun, 13 Apr 2014 17:54:13 +0100
United States Steel Corp. moved closer to profitability during the second quarter.
India becomes net steel exporter after 6 years in FY14 ...Sun, 13 Apr 2014 07:40:37 +0100
India became net steel exporter in 2013-14 after a gap of six years and is likely to maintain the momentum in ... Steel Authority of India Ltd (SAIL) ...
Evraz braces for impact of Ukraine-Russia crisisFri, 11 Apr 2014 12:00:33 +0100
Vertically integrated steel producer Evraz plc admitted the ongoing political crisis in Ukraine and Russia 'could have an impact on our operations', as it announced a net loss of US$572 million
Stocks News Europe-salzgitter Up After Citigroup UpgradeFri, 11 Apr 2014 09:01:35 +0100
Shares in Salzgitter rise 2.9 percent to 31.32 euros, among only a few gainers on the German midcap index MDAX, receiving a boost after Citigroup analysts raise their rating on the steelmaker to "buy" ...
ArcelorMittal, Severstal Hiking Steel Prices But Will They Even ...Fri, 11 Apr 2014 07:59:52 +0100
Casting my mind back to MetalMiner's conference in Chicago last fall and a presentation made by my colleague Lisa Reisman, I recall Lisa predicting steel prices would come off from the early part of this year – much to the derision of steel producers ...
Northern Europe HRC Steel prices slightly up to 436 per ton - ...Fri, 11 Apr 2014 02:04:44 +0100
LONDON (Scrap Register): Northern Europe hot rolled cold (HRC) steel prices slightly up by 0.2% or 1 a ton week-on-week to 436 per ton in the week ended April 4th this year, as per the latest figures released by The Steel Index. After the recent ...
Secondary Steel Prices Surging as Supply Tightens - Steel Market ...Fri, 11 Apr 2014 01:03:27 +0100
Service centers and steel brokers within the secondary (non-prime) segment of the flat rolled industry are advising Steel Market Update that prices on secondary are rising just as quickly as prime. Production problems at a number of mills, coupled with ...
US steel sheet availability scaring up prices - PlattsThu, 10 Apr 2014 22:16:41 +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 ...
Reliance Steel & Aluminum Co. to Announce First Quarter 2014 ...Thu, 10 Apr 2014 13:50:00 +0100
Business Wire - Reliance Steel & Aluminum Co. announced today that it will report first quarter financial results for the period ended March 31, 2014 on Thursday, April 24, 2014 at 8:50 a.m.