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Economic steel sector headlines and reports


Why Steel Companies Got Hit by Lower Steel Prices
Thu, 03 Sep 2015 12:03:00 +0100
The companys Tubular segment posted a massive loss of $717 per ton in 2Q15. Average steel selling prices in ArcelorMittals NAFTA (North American Free Trade Agreement) segment fell 8.8% in 2Q15. On a consolidated basis, ArcelorMittals (MT ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=FC9508ACA0BA4A908734E8E12073C332&url=http%3a%2f%2ffinance.yahoo.com%2fnews%2fwhy-steel-companies-got-hit-175856938.html&c=jHyGClRL8J8l_IeZ8H5affr0auupsBSh5bJqA1CfJFk&mkt=en-gb


Sabic cuts retail rebar prices by $53
Thu, 03 Sep 2015 07:18:00 +0100
Saudi Iron and Steel Company (Hadeed), Sabic's metals affiliate, is the largest steel producer in the kingdom. Al Humaid told Reuters last year that Hadeed planned to add 4 million tonnes of annual steel output capacity to reach 10 million tonnes by 2025.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=C7B6A40DC3494096BF83FBDA20344D90&url=http://www.tradearabia.com/news/IND_289497.html&c=JpO7_i1q2B0l33PXn7cBkNn29t9I0Vn66RWrwVAMF3w&mkt=en-gb


Belle Banne Nylon Composite Rolls for Conveyor Belt Systems
Thu, 03 Sep 2015 00:00:00 +0100
Belle Banne Conveyor Products supplies high-quality products to ensure the efficiency and cost-effectiveness of mining operations.
http://www.mining-technology.com/downloads/whitepapers/materials/belle-banne-nylon-rolls/


ArcelorMittal SA steel mills to close as industry crisis bites
Wed, 02 Sep 2015 18:08:00 +0100
Arcelormittal South Africa (SA) on Monday became the latest casualty of plunging steel prices and slowing demand, saying it would mothball two operations and review the viability of its largest steel mill. It had no option but to commence consultations ...
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SSI in talks with eight banks over loan restructure as firm struggles ...
Tue, 01 Sep 2015 15:08:49 +0100
Steelmaker SSI is in loan rescheduling talks with eight banks as bosses continue to battle against falling steel prices. The Thai firm has even considered the option of selling its Redcar plant, reports have claimed. The steelmaker employs around 2,000 ...
http://www.chroniclelive.co.uk/business/ssi-talks-eight-banks-over-9967548


Update On Top Moving Steelmakers: United States Steel Corporation ...
Tue, 01 Sep 2015 12:14:12 +0100
Spot iron ore prices are set to end August higher, supported by lean inventory at Chinese mills and a recovery in futures markets, although expectations of increased supply later in the year may cap upside potential. Inventory of imported iron ore at ...
http://www.economicnewsdaily.com/update-on-top-moving-steelmakers-united-states-steel-corporation-nysex-arcelormittal-sa-adr-nysemt-ak-steel-holding-corporation-nyseaks-3/921232/


China iron ore futures trim gains as weak steel demand drags - Reuters
Tue, 01 Sep 2015 12:13:25 +0100
Firm spot iron ore prices drive up futures * Weak steel prices likely to cap upside potential for ore (Updates close prices) SHANGHAI, Sept 1 Dalian iron ore futures rose to a one-month high on Tuesday as spot prices of the steelmaking ingredient in ...
http://in.reuters.com/article/2015/09/01/markets-ironore-idINL4N1172QM20150901


'Nothing can stop steel industry closures and retrenchments'
Tue, 01 Sep 2015 03:12:00 +0100
Even the immediate imposition of a 10% import tariff to protect local steel producers from cheap Chinese imports will be 'nowhere near enough now' to save the industry from the consequences of years of losses, he says. 'This is now unavoidable. Let the ...
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Steel Dynamics Lifted to Buy at TheStreet (STLD) - Dakota Financial ...
Tue, 01 Sep 2015 01:32:31 +0100
OctaFinance.com - Dakota Financial NewsSteel Dynamics (NASDAQ:STLD) last issued its earnings results on Monday, July 20th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the analysts' consensus estimate of $0.22. During the same quarter last year, the company ...
http://www.dakotafinancialnews.com/steel-dynamics-lifted-to-buy-at-thestreet-stld/398762/


Iron ore flirts with two-month high - The Australian
Mon, 31 Aug 2015 22:34:01 +0100
Analysts remain cautious over iron ore's steady trade, however, amid a temporary Beijing push to curb air pollution that will likely crimp demand for the remainder of the week and an increase in supply as Gina Rinehart's Roy Hill project kicks into ...
http://www.theaustralian.com.au/business/mining-energy/iron-ore-flirts-with-two-month-high/story-e6frg9df-1227507101137


Interim results reflect tough times for steel sector
Mon, 31 Aug 2015 22:27:00 +0100
The company could not be reached for comment by the Global Times as of press time. Another State-owned steel company, Beijing Shougang Co, suffered a net loss of 223 million yuan, according to its half-year financial report released on Wednesday.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=FDCADFC1FD30499A9C24E1089F68B7C2&url=http://en.ce.cn/main/latest/201509/01/t20150901_6377785.shtml&c=nGUqe_IJGdNeJX0xUflpcgzvhUyguBSCweEJZqB9Abo&mkt=en-gb


Arcelor Mittal South Africa to close mills, review largest plant
Mon, 31 Aug 2015 13:02:38 +0100
JOHANNESBURG (Reuters) - ArcelorMittal South Africa is planning to shut two mills and is reviewing operations at its largest plant, it said on Monday, as the money-losing unit of the world's biggest steelmaker struggles with weak demand and lower prices.
http://uk.reuters.com/article/2015/08/31/uk-arcelor-africa-restructuring-idUKKCN0R012G20150831?feedType=RSS&feedName=businessNews


Steel industry strategic for SA's growth - Independent Online
Mon, 31 Aug 2015 06:31:16 +0100
Independent Online - Independent xxx a highly advantageous cost plus 3 percent price for iron ore, and in the face of every effort on the part of the government to arrive at a collaborative, mutually beneficial relationship aimed at securing a steel price in the lowest ...
http://www.iol.co.za/business/opinion/steel-industry-strategic-for-sa-s-growth-1.1907865


Is this the end of Australia's steel industry - Green Left ...
Mon, 31 Aug 2015 06:05:57 +0100
Green Left Weekly - Green Left WeeklyBlueScope Steel announced a full-year profit of $136.3 million on August 24. This is an improvement on last year's loss of $83 million, but not by much compared to past profits. The results were released on the day that the Australian share market ...
https://www.greenleft.org.au/node/59936


Gerdau readies turnaround strategy - Calcutta Telegraph
Sun, 30 Aug 2015 20:19:25 +0100
Calcutta Telegraph - Calcutta Telegraph30: Brazilian steel maker Gerdau is expecting to turn its Indian operation profitable in 2015 after years of struggle with the help of product diversification and backward integration. The company, one of the early bird global players to tap the Indian ...
http://www.telegraphindia.com/1150831/jsp/business/story_39889.jsp



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