Steel firms mull Rs 1,000 a tonne hike from AprilWed, 22 Mar 2017 00:00:00 GMT
Pricing power to help domestic steel companies improve fortune in coming months. With iron ore prices on a rise and domestic demand likely to pick up ...
Lack of steel seen in surging iron-ore priceSat, 18 Mar 2017 15:08:00 GMT
If Trump gets that approved, the only way for steel and iron-ore prices is up, Masilela said ... saying physical demand in China for high-grade iron ore from Australia and Brazil was firm, but not for lower-grade material.
Full text: Report on China's economic, social development plan ...Fri, 17 Mar 2017 05:34:00 GMT
We will support development and poverty relief work in old revolutionary base areas such as the Sichuan-Shaanxi region and the former Central Soviet areas in southern Jiangxi Fujian ... in the coal and steel industries. We will develop and improve ...
Brazil court suspends lawsuit over Samarco mine disasterThu, 16 Mar 2017 23:07:00 GMT
Brazilian iron ore miner Vale said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155 billion reais ($US49.7 billion) in damages for the 2015 Samarco mine disaster. Vale said in a securities filing the ...
BusinessNow: Live coverage of financial markets and companies ...Thu, 16 Mar 2017 23:04:00 GMT
In resources, traders eyed a negligible gain in iron ore prices and flat oil prices and decided it ... US50 billion lawsuit against the mining firms responsible for the 2015 Samarco tailings dam disaster, as negotiations between the companies and ...
China steel drops from 3-yr top, cuts iron ores gainsThu, 16 Mar 2017 16:26:00 GMT
Physical demand in China for high-grade iron ore from top suppliers Australia and Brazil remains firm, said the Beijing-based trader, but not so for lower grade material. Because steel mills profits are quite okay, they prefer higher-grade products ...
Brazil mine disaster lawsuit suspendedThu, 16 Mar 2017 08:00:00 GMT
A Brazilian court has suspended a case brought by prosecutors seeking 155 billion reais ($A64.8 billion) in damages for the 2015 Samarco mine disaster, iron ore producer Vale SA says. It says, in a securities filing, that the federal court in Minas Gerais ...
Indian billionaire to buy R32bn Anglo American stakeThu, 16 Mar 2017 00:00:00 GMT
Anglo American Plc said its decision to split some SA assets into a different subsidiary gives it the flexibility to dispose of its iron ore and export thermal coal assets should it decide to do so.
DryShips: Shipping RatesWed, 15 Mar 2017 21:48:00 GMT
And DryShips has no Capesize vessels. The soaring Capesize rates seems to be driven by iron transport from Brazil to China for Chinese steel production. Chinese steel production is not a free market activity. The Baltic Dry Index is up again today ...
Today's Market View - Amur Minerals Corporation, Galantas Gold ...Mon, 13 Mar 2017 17:02:00 GMT
Power generation, electricity demand and rail freight all posted strong growth; whereas coal and steel industries recorded output declines ... Limited zinc mine in Iran sees new $1bn deal with IMIDRO A consortium of Iranian companies have signed a $1bn ...
Shanghai steel up nearly 3 pct on seasonal demand, lifts iron ...Mon, 13 Mar 2017 15:14:00 GMT
Many traders say, however, that the bulk of the port stocks are lower grade iron ore, and most Chinese steel mills prefer to use higher grade material to boost their productivity, keeping demand intact for top-quality cargoes from Australia and Brazil.
Doubts over iron ore outlook cap rally in Brazil's Vale sharesFri, 10 Mar 2017 20:31:00 GMT
Shares are still up 26 percent this year, among the biggest gainers on Brazil's benchmark Bovespa stock index ... hit by concerns over global iron ore and steel oversupply and weak demand from China. Fourth-quarter iron ore futures indicate a price ...
BHP-Vale Mine Restart Threatened by Request to Protect ForestFri, 10 Mar 2017 14:06:00 GMT
For several months, state regulators have been evaluating Samarcos proposed plan to begin mining again. The company was at one point the second largest iron ore pellet mine in the world, generating more than 2 billion reais in annual profit. Before it's ...
4 Steel Stocks Poised to Run Higher Without Trumps HelpWed, 08 Mar 2017 20:17:00 GMT
Iron ore prices roughly doubled in 2016 ... outperforming the Steel-Producers industrys gain 60.2% over the same period. Companhia Siderurgica Nacional SID Headquartered in Sao Paulo, Brazil, Companhia Siderurgica carries a Zacks Rank #2 and has ...
Should You Buy Vale SA (ADR) (VALE) Stock 3 Pros, 3 ConsWed, 08 Mar 2017 12:04:00 GMT
Iron Prices Up: VALE is the worlds largest producer of iron ore. For years, that has not been an enviable ... agreement in December that creates a path forward for getting Samarco back into operation this year. Prior to the dam collapse, Samarco ...
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