Steelmaking raw material news - iron ore, coal, coke, DRI.

Steel Raw Material News

Ore, coal, coke, pig iron supply and ferrous scrap news

ArcelorMittal SA: ArcelorMittal announces the publication of first ...
Fri, 24 Apr 2015 14:07:48 +0100
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the ...

Brazil's Vale Signs $2 Billion Financing Agreement With Korea Eximbank
Fri, 24 Apr 2015 11:30:00 +0100
The deal comes at a time when depressed prices for iron ore and other commodities are weighing on ... one of the world's top steel companies and a partner of Vale in Companhia Siderurgica do Pecem, a major steelmaking project in northeast Brazil.

ArcelorMittal: New environment protection technology at the Steel ...
Fri, 24 Apr 2015 10:06:42 +0100
ArcelorMittal: New environment protection technology at the Steel Melting Shop. A sludge drying and retention station at the Steel Melting Shop, aimed at protecting the environment, reducing the consumption of raw materials and water was xxx

Iron ore's shifting sands move again - Sydney Morning Herald
Fri, 24 Apr 2015 08:04:07 +0100
It was the week that challenged the conventional wisdom around the iron ore price collapse, and offered a glimmer of hope to small, struggling miners. A surprise fall in exports, a slowing of investment in new growth, and a spurt in the commodity price ...

BHP breaks ranks on iron ore
Fri, 24 Apr 2015 07:08:36 +0100
A significant split occurred between Australia's iron ore giants this week when BHP Billiton said publicly that it was slowing down its expansion. It was only two sentences in a quarterly report, but was a major break from BHP and Rio Tinto's controversial narrative of unrelenting growth no matter the effect on prices - as long as you are making money. Highlighting how far iron ore prices have ...

Only 1 pct of firms in China's Hebei met 2014 emission standards ...
Thu, 23 Apr 2015 23:05:00 +0100
Cities closer to Beijing, including the major steel-producing city of Tangshan, faced an even higher target of 33 percent. Hebei has promised to cut coal consumption by 40 million tonnes over the 2014-2017 period and steel capacity by 60 million tonnes.

Iron ore extends rebound on improved supply outlook
Thu, 23 Apr 2015 20:05:50 +0100
The global iron ore glut is easing with CLSA forecasting no net growth in supply in 2015 and prices seen averaging $US55 a ton in the third quarter.

Chinas March Steel Exports Decline to Lowest Level in 8 Months
Thu, 23 Apr 2015 18:28:00 +0100
However, steel companies like US Steel (X) and ArcelorMittal (MT) have a reason to be happy about Chinas (FXI) March trade data. US Steel and Carpenter Technology (CRS) each form 3.25% of the SPDR S&P Metals and Mining ETF (XME). Exports decline The ...

Vale 1Q15 Iron Ore Production Good but Pricing Pressures Persist
Thu, 23 Apr 2015 16:34:00 +0100
Vale's (VALE) own iron ore production, excluding iron ore acquired from third parties and Samarco's attributable production, hit record levels for a first quarter, coming in at 74.5 million tons. That's 8.5 million tons less than in the previous ...

Nucor Corporation (NUE) Remains Profitable in Tough Steel Market ...
Thu, 23 Apr 2015 16:11:30 +0100
Scrap steel prices have largely rebounded from the 19% decline in the quarter, but Nucor is still positioned to benefit from that drop by having purchased additional inventory in January and early February. While this is a temporary benefit, it will ...

RWE boss sees tougher times ahead
Thu, 23 Apr 2015 10:47:51 +0100
ESSEN, Germany (Reuters) - RWE Chief Executive Peter Terium offered little hope for a fast turnaround of Germany's largest power producer, warning that government plans for a coal levy would pose a threat to the company.

Why Tata Steel Shares Are Up 5% Today - NDTV
Thu, 23 Apr 2015 09:00:48 +0100
Analysts say that rise in iron ore prices will be beneficial for Tata Steel as it does not buy iron ore from the open market for its domestic operations which accounts for 60 per cent of its total revenue. Tata Steel mainly uses iron ore produced from ...

BHP Billiton puts the brakes on iron ore expansion - Financial Times
Thu, 23 Apr 2015 08:10:27 +0100
BHP Billiton is slowing the pace of its planned expansion in iron ore production in a bid to conserve cash as commodity prices slump and demand in China weakens. The Anglo-Australian company said on Wednesday that it was deferring spending at its main ...

Aust shares higher on mining gains
Thu, 23 Apr 2015 07:55:35 +0100
The Australian share market has closed higher as gains among the big miners offset losses in the financial sector. IG market analyst Stan Shamu said the roles had been reversed, with big miners performing strongly because of higher iron ore prices and financial stocks losing ground due to reduced chances of an interest rate cut. It's not what we've been seeing recently, Mr Shamu said. Among ...

Vale Posts Best Performance in Iron Ore and Nickel Output in 2015 ...
Thu, 23 Apr 2015 00:56:00 +0100
During the report period, Vale produced 74.5 million tonnes of iron ore - excluding iron ore acquired from third parties and Samarco's attributable production - achieving the best performance for a first quarter. Production of nickel reached 69,200 ...

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