STEEL WEEK IN BRIEF: Scrap prices rise slowly, billet prices ...Sat, 24 Jun 2017 11:33:00 GMT
Turkish steel producers booked deep-sea scrap at a slow pace during ... In China, delegates at an industry conference in Zhengzhou, Henan province, said that ferrous scrap prices in the country have bottomed out, but gains are likely to be limited.
Russia: KMZ pig iron sales up in January-May 2017Fri, 23 Jun 2017 09:09:31 GMT
In January-May Kosogorsky Iron and Steel Works increased share of sales of pig iron both locally and abroad 1.7-fold, from 47% to 81%. The company has also increased the output of high-quality pig iron, having supplied 20.6 thousand tons to local and foreign customers, or 70% of the total sales in May. (Ukrainian metal)
Director DeclarationFri, 23 Jun 2017 00:00:00 GMT
RNS Number: 0313J Glencore PLC 23 June 2017 Glencore plc Baar, Switzerland 23 June 2017 Director Declaration Glencore plc announces that, in accordance with paragraph 9.6.14R of the UKLA's Listing Rules, it has been notified that Ivan Glasenberg, a Director of the Company, has been appointed as a non-executive director of Rosneft Oil Company PJSC which is l...
ArcelorMittal and Bekaert close steel wire deal in Brazil worth ...Thu, 22 Jun 2017 14:49:00 GMT
Bekaert Group and steelmaker ArcelorMittal closed a transaction to integrate Bekaert's formerly wholly-owned steel cord subsidiary in the Brazilian city of Sumare into the Belgo Mineira Bekaert Artefatos de Arame (BMB) partnership, the companies announced ...
Dry bulk CEOs offer mixed view of second halfWed, 21 Jun 2017 14:25:00 GMT
... eagerly anticipates the ramp up in iron exports from Vales S11D iron ore mine, which started up earlier this year. Likewise, BHP Billiton is expected to restart the Samarco iron ore mine next year. Vale contracted for some of its iron ore export ...
Mideast May direct reduction iron producers' output trends mixed: ...Wed, 21 Jun 2017 05:53:00 GMT
Qatari DRI output of 219,000 mt, and Saudi Arabian producer Hadeed's 400,000 mt marked falls both against ... improving indicative fundamentals with regional spot prices of rebar steel, merchant pig iron and ferrous scrap in May. The analysis uses fised ...
Detailed examination of the Global non-magnetic alloy drill collar ...Tue, 20 Jun 2017 18:25:00 GMT
Inc. API Engineering Ltd. Zhong Yuan Special Steel Shanxi Fenglei Drilling Tools Shanxi YIDA Special Steel Group Henan Shenlong Petroleum Drilling Tools Dezhou Danas Petroleum Technology Service Inner Mongolia North Heavy Industries Group Jiangsu Elite ...
Notification of Major Interest in SharesTue, 20 Jun 2017 00:00:00 GMT
RNS Number: 5292I Glencore PLC 20 June 2017 Glencore plc Baar, Switzerland 20 June 2017 TR-1 Notification of Major Interest in Shares 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: GLENCORE PLC 2. Reason for the notification (yes/no) An acquisition or disposal of voting rights Yes An acquisition or dispos...
Iron Ore: Citi Cuts Forecasts, Warns Prices Will Fall below $50 ...Mon, 19 Jun 2017 08:21:00 GMT
Citi is the latest bank to take aim at iron ore, forecasting prices will fall below $50 a tonne by the end of the year as it downgradedFortescue Metals Group (FMG.AU) to sell. Iron ore has been smashed since reaching a high of roughly $95 a tonne in February amid concerns about new sources of supply, like Hancock Prospecting's Roy Hill, and hefty Chinese stockpiles of the steel making ingredient. Iron ore last traded around $56 a tonne.
Amplats' exit from Brazil platinum prospect sparks London listingMon, 19 Jun 2017 06:24:00 GMT
JOHANNESBURG (miningweekly.com) The withdrawal of South Africas Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the ... The agreement, reached with the United Steel Workers of America, International ...
Iran produces over 6m tons of iron ore concentrates in two monthsSun, 18 Jun 2017 17:00:00 GMT
Based on IMIDRO report, six major domestic mining companies produced ... The plant owned by Khorasan Steel Complex Company will have a capacity to produce 2.5 million metric tons of pellet feed grade iron ore concentrate per year.
Nucor - Adding On The DipFri, 16 Jun 2017 17:22:37 GMT
With an earnings yield coming in at 8% and potential drivers to push earnings higher going forward, I am buying this dip in this well-run company. Nucor announced second-quarter guidance that fell short of expectations, after those expectations had risen substantially in recent times.
Shanghai steel extends gains on capacity cuts, but demand outlook ...Fri, 16 Jun 2017 14:35:00 GMT
Chinese steel futures rose sharply for a third day in a row on Friday ... Menke said rising low-cost supply from top exporters Australia and Brazil should keep the iron ore market in oversupply and prices should continue to slide over the coming ...
U.S. Steel: Here We Go AgainFri, 16 Jun 2017 01:39:47 GMT
Prominent U.S. Steel bear Gordon Johnson is out with a new note explaining why he sees further trouble ahead for the U.S. steel company. Less than three months ago, United States Steel was flying high as investors bet that President Donald J. Trump's pro-America policies would provide a boost for U.S. steel makers , Steel Dynamics , and Nucor also benefited from this dynamic).
New BHP chair's packed careerThu, 15 Jun 2017 23:18:00 GMT
Mr MacKenzie's appointment comes as BHP struggles to emerge from a period of turmoil: the 2015 dam collapse at its Samarco joint venture iron ore project in Brazil that killed 19 people; criticism of the company's costly investments in US shale oil ...
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