Latin America: Finished steel consumption grew 7%, while crude ...Thu, 22 Jun 2017 00:00:00 GMT
Latin America in January-April 2017: 20.9 million tons reached the steel crude production 17.3 million tons was the finished steel production 22.4 million tons recorded the apparent steel consumption 17% increase the total imports of Latin American steel...
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 ...
U.S. Steelmakers Gain as Trump Readies Bold Action' on ImportsMon, 19 Jun 2017 21:07:19 GMT
American steelmakers rallied on Monday as Commerce Secretary Wilbur Ross confirmed that President Donald Trump intends to take bold action to address national-security risks presented by steel imports. Nucor Corp., U.S. Steel Corp. and AK Steel Holding Corp. all rose the most in at least a week as Ross indicated in an interview with Bloomberg Television that Trump is inclined to take major steps to protect the industry.
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.
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 ...
Oil price fall has mixed impact on Gulf, Doha extends recoveryThu, 15 Jun 2017 12:34:00 GMT
In Egypt, Ezz Steel rose 0.5 percent, outperforming the index, which fell 0.2 percent. Late on Wednesday the country's largest steel maker told Reuters - it could raise its production of rebar to its maximum capacity of 4.6 million tonnes per year if tariffs ...
India Goes to WTO Regarding U.S. Anti-Subsidy DutiesThu, 15 Jun 2017 09:03:00 GMT
In May, India imposed anti-dumping duty on products from six nations China, Japan, South Korea, Brazil, Russia and Indonesia to protect its own industry from cheap imports. Anti-dumping duty was imposed for five years on 47 steel products ...
Ezz Steel could raise steel rebar output if tariffs continueWed, 14 Jun 2017 06:03:00 GMT
CAIRO Reuters - Ezz Steel could raise its production of steel rebar to its maximum capacity of 4.6 million tonnes if steel tariffs continue, a company official told Reuters - on Wednesday. Egypt imposed temporary tariffs on imported steel rebar from China ...
Mexico imposes tariffs on Taiwan, China steel firmsWed, 14 Jun 2017 02:30:00 GMT
Mexico has also imposed a 22.22 percent anti-dumping duty on Chinas Baoshan Iron & Steel, and a 22.26 percent tariff on Beijing Shougang, Shougang Jingtang United Iron & Steel, and Tangshan Iron & Steel, the ministry said. Other Chinese steel exporters ...
Iron ore sinking, but no doomsday scenario: Deutsche BankWed, 14 Jun 2017 02:22:00 GMT
Weighing on the price are recent Chinese steel export figures, which show a 30 per cent year ... the newly producing Roy Hill and a net rise of 20 million tonnes out of Brazil. Another consideration playing on the minds of investors is China's ...
EU slaps steel import duties to counter Chinese subsidiesTue, 13 Jun 2017 07:53:00 GMT
adding it will take all the necessary measures to protect the interests of Chinese companies. It is also running anti-dumping investigations on imports of hot-rolled steel from Brazil, Iran, Russia, Serbia and Ukraine.
Trumps Steel-Trapped Minds - WSJ EditorialMon, 12 Jun 2017 20:24:00 GMT
Commerce charged South Korea and Turkey with dumping welded line pipe in 2015 and last year slapped duties on imported cut-to-length steel plate from China, Brazil and Turkey. Antidumping duties contributed to a 25% decline in foreign imports between 2015 ...
Forces combine to push stainless scrap values lowerMon, 12 Jun 2017 00:00:00 GMT
Stainless steel scrap traders have been confronted with falling prices owing to a combination of weakening steel scrap values, a return to fourth...
Glencore snatches Rio Tinto-owned mines from Yancoal with $2.55B ...Fri, 09 Jun 2017 00:00:00 GMT
Miner and commodities trader Glencore (LON:GLEN) has performed a coup d'etat on a deal that was practically sealed between Yancoal Australia (ASX:YAL) and Rio Tintos (ASX, LON:RIO) for Rio's coal assets in Australia's Hunter Valley.
Qatar weak on political crisis, Dubai's Emaar jumps on unit's ...Thu, 08 Jun 2017 07:21:00 GMT
Abu Dhabi's Dana Gas jumps on receipt of Egypt payments * Saudi trading volumes rise as MSCI decision nears * Ezz Steel surges as Egypt imposes import tariff By Celine Aswad DUBAI, June 7 Reuters - Qatar's stock market fell for a third straight day on ...
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