EUROPEAN MORNING BRIEF 16/01: Rio Tinto Q4 production results; ...Mon, 15 Jan 2018 21:19:00 GMT
The Brazilian steel institute, Ao Brasil, was surprised when the countrys finance ministry accepted that the adoption of anti-dumping tariffs against imports of hot-rolled coil (HRC) from China and Russia would be detrimental to the ...
Rio, BHP output boosts payout hopesSun, 14 Jan 2018 18:20:00 GMT
Also providing the prospect of better returns at BHP are its stake in the Samarco iron ore mine in Brazil, which has been mothballed since November 2015, when 19 people died after a tailings dam collapse. While BHP is hosing down talk it wants to sell its ...
BHP puts $US1b price tag on Samarco stakeSun, 14 Jan 2018 08:45:00 GMT
BHP is asking Vale SA to pay about $US1 billion ($1.3 billion) for its 50 per cent stake in the Samarco iron ore joint venture, people familiar with the matter said. The valuation includes the provision that BHP would continue to assume its share of the ...
STEEL WEEK IN BRIEF: Cyclone in Australia, higher steel prices ...Fri, 12 Jan 2018 11:24:00 GMT
Brazilian steel mill CSN increased its flat steel prices to the local distribution chain by 12%. Export prices for Brazil-origin steel slab increased on higher raw materials costs and limited supplies from other regions. US steelmakers Nucor and Gerdau ...
Gary Brazil gives his verdict on Ben Brereton's performance for ...Tue, 09 Jan 2018 20:21:00 GMT
Gary Brazil has joked to BT Sport that he was ready to ring ... He scored one, but he probably should be going home with at least two goals today. Brereton showed nerves of steel to step up to take a crucial penalty during the contest, which put ...
Europe's Antwerp championing steel, forestry volumesTue, 09 Jan 2018 01:44:00 GMT
Antwerps Wim Dillen said the gap left by a decrease in steel shipments from China has been more than filled by other countries, notably South Korea, India, Turkey and Brazil. At the same time, the port has seen higher steel exports most going to ...
Australia paints dire picture of iron ore prices in 2018 forecasting ...Mon, 08 Jan 2018 08:28:00 GMT
Ageing steel plants are likely to be either shuttered or modernised, resulting in lower demand, all in the face of rising production from both Australia and Brazil.
USITC keeps anti dumping duties on pipes from Brazil, India ...Sun, 07 Jan 2018 21:16:00 GMT
The US International Trade Commission (USITC) has determined that revoking the existing countervailing and antidumping duty orders on imports of circular welded pipe and tube from Brazil, India, Korea, Mexico, Taiwan, Thailand, and Turkey would be likely ...
CSN ups flat-steel prices upto 23pctSun, 07 Jan 2018 20:48:00 GMT
Platts reported that Brazilian steelmaker Companhia Siderurgica Nacional confirmed contract-price ... in addition to reflecting higher iron ore and coke costs. Usiminas and ArcelorMittal are expected to follow suit on CSN's pricing strategy to the ...
Resources export earnings to dip after $214b record in 2017-18Sun, 07 Jan 2018 05:55:00 GMT
Continued moderation in Chinese steel production, coupled with increased supplies from both Australia and Brazil, are expected to weigh further on iron ore prices over the next two years, he said. Coal prices both thermal and metallurgical are ...
Coal dwarfs battery metals in mining deals despite war on pollutionFri, 05 Jan 2018 13:12:00 GMT
While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal and steel-making to tackle smog in its cities. Elsewhere, miners haunted by the overpriced mega-purchases they made before the commodities crash of 2015 ...
Are Section 232 steel tariffs teed up for 2018Thu, 04 Jan 2018 22:04:00 GMT
Tariffs on steel imports were a long-watched development out of Washington ... But in their stead, countries like Germany, Brazil and others have stepped up imports, potentially in response to the tariff threat. The lack of action thus far has drawn ...
Future of BHP and Vale's Samarco joint venture remains uncertainThu, 04 Jan 2018 21:35:00 GMT
The future of BHP Billiton's stake in the Samarco iron ore joint venture in Brazil is unlikely to be resolved quickly, as the iron ore giant and its co-owner Vale inch towards a restart of the operation. Reports out of Brazil on Thursday suggested that ...
Brazil's CSN ups flat-steel prices in 18%-23% to automakers ...Thu, 04 Jan 2018 16:56:00 GMT
Brazilian steelmaker Companhia Siderurgica Nacional (CSN ... in addition to reflecting higher iron ore and coke costs. Usiminas and ArcelorMittal are expected to follow suit on CSN's pricing strategy to the industrial customer base. Initially, Brazilian ...
BRAZIL: Steelmakers And Rising Risk Appetite Lead Ibovespa To ...Thu, 04 Jan 2018 16:41:00 GMT
The turnover is good, and money is coming into Brazil, not only in the stock market ... On Wednesday, CSN raised the steel price by up to 23% for automakers and other industrial consumers, a move that should be followed by other steel sectors companies.
BHP Billiton share price: Vale could buy miners stake in SamarcoThu, 04 Jan 2018 02:08:00 GMT
BHP Billiton (LON:BLT) is in talks with partner Vale over the future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership, Bloomberg has reported. The news comes after the operation won a ...
FTSE 100 preview: Index seen steady as oil risesWed, 03 Jan 2018 22:56:00 GMT
IG reports that the index is forecast to have increased from 53.8 to 54.2. On the corporate front, Bloomberg reports that Vale and BHP Billiton are in talks over the future of their Samarco iron-ore joint venture, including the possibility of the Brazilian ...
BHP may sell Samarco stake to Vale: reportsWed, 03 Jan 2018 21:23:00 GMT
Vale believed Samarco could restart sooner if it had a sole owner, a source told Reuters - , but the acquisition would depend on BHP's willingness to exit its only iron ore operation outside Australia. While Vale and BHP both committed to financing ...
Vale could buy BHP stake in SamarcoWed, 03 Jan 2018 14:53:00 GMT
BHP Billiton and iron ore giant Vale are in talks over the future of their Samarco joint venture, and one alternative is for the Brazilian miner to buy out its partner, a source with knowledge of the matter told Reuters - . A price has not yet been ...
Commercial Metals Bolsters Holdings of a Construction SteelWed, 03 Jan 2018 07:45:00 GMT
The company plans to pay $600 million in cash for the U.S. steel-reinforcing-bar assets of Brazils Gerdau SA, adding four mills and 33 fabrication plants. Gerdaus exit from the U.S. rebar market...
Number of news reports: 20