Chinese Rushing to Sell Iron Ore to Repay Loans After Prices TumbleTue, 11 Mar 2014 11:57:40 GMT
Chinese steel mills and traders holding iron ore as collateral for financing deals are scrambling to sell it to pay off loans, traders said. Iron ore has lost more than 20% of its value so far this year. Shanghai steel futures dropped for a fourth day to near record lows, a day after spot iron ore prices plunged the most since 2009 amid signs of an economic slowdown in China, which buys two ...
House OKs bills to extend employer tax incentivesTue, 11 Mar 2014 06:42:23 GMT
House lawmakers agreed on Monday to extend state tax incentives aimed at spurring new expansion projects by General Electric and AK Steel, two key employers in the state.
BHP Billiton Sees Strong Steel Demand Growth For Next 10 Years - ...Tue, 11 Mar 2014 05:30:18 GMT
BHP Billiton Sees Strong Steel Demand Growth For Next 10 Years - Quick Facts
Steel company asks Jharkhand govt to allocate iron ore mine - Times ...Tue, 11 Mar 2014 03:49:00 GMT
Prasad also urged the state government to facilitate iron ore fines and blue dust to the pellet manufacturing plants. "Iron ore fines and blue dusts which are the waste products of steel plants can be supplied to the alloy steel plants, which are in ...
Not all steel firms in the redMon, 10 Mar 2014 22:39:24 GMT
PETALING JAYA: Despite the headwinds facing the steel industry, not all companies in the sector are posting losses.
Mining shares hit by iron ore slumpMon, 10 Mar 2014 21:37:46 GMT
Shares of some of the world's biggest mining companies are hit by a slump in the price of iron ore, amid fears of a Chinese economic slowdown.
Balanced Risk-Reward for Valmont - Zacks.comMon, 10 Mar 2014 21:17:07 GMT
On Mar 5, we issued an updated research report on steel pipe and tube company Valmont Industries, Inc. (VMI - Analyst Report). While the company should gain from strong demand environment across utility and coatings markets, it is exposed to volatility ...
Chamisal Vineyards Releases a Pinot Noir Crafted in Stainless Steel ...Mon, 10 Mar 2014 17:32:08 GMT
Prepare your taste buds, Chamisal Vineyards it set to launch its Stainless Pinot Noir nation-wide this month. Created from the first vineyard planted in Edna Valley, the stainless pinot noir is a unique wine, crafted in stainless steel barrels and made ...
Twiflex VMS3SPS Disc Brake CalipersMon, 10 Mar 2014 17:00:00 GMT
Twiflex VMS3SPS disc brake calipers are ideal for the mining industry.
Serbia set to swallow bitter pill after snap electionMon, 10 Mar 2014 16:22:13 GMT
SMEDEREVO, Serbia (Reuters) - The steel mill in this Danube river town has fed three generations of Milos's family. But the 17-year veteran believes he will be the last.
Ukraine tensions and China weakness hit European sharesMon, 10 Mar 2014 16:06:56 GMT
European shares fell for the second session running on Monday, hit by tensions between Russia and Ukraine and weak economic data from the world's second-largest economy, China. Most European indexes swung ...
U.S. Steel raised to Buy at Nomura on free cash flow potentialMon, 10 Mar 2014 13:11:24 GMT
US Steel ( X ) is upgraded to Buy from Neutral with a $32 price target, up from $27, at Nomura on free cash flow potential. Nomura says it sees many reasons to own X after the stock's 18% correction since January; after meeting with the CEO and CFO last week, the firm has increased conviction in the companys direction as well as the opportunity sets in the commercial, financial and operating ...
Speak up, top French advisor tells women in businessMon, 10 Mar 2014 12:31:15 GMT
The first time Anne Meaux met Indian billionaire Lakshmi Mittal he laughed at her. It was 2005, and she had just walked unannounced into the steel magnate's office to tell him he needed to change his strategy if his hostile bid for steelmaker Arcelor were to be palatable to the French government. Mittal still seeks her advice, but is now part of a client list that reads like a who's who of ...
Bright future for steel industry: SAIL chiefMon, 10 Mar 2014 12:28:14 GMT
Notwithstanding poor growth in steel demand this year, the state-owned SAIL believes the future of the industry is bright as Indias per capita consumption is low and the government is planning to...
Favreau goes from 'Iron Man' to stainless steel food truck ...Mon, 10 Mar 2014 11:40:32 GMT
Today's Zaman - Favreau goes from 'Iron Man' to stainless steel food truck. Write Comment. 0. Add to Google. Favreau goes from 'Iron Man' to stainless steel food truck. John Leguizamo as Martin, Emjay Anthony as Percy Casper, and Jon Favreau as Carl Casper (L to R ...
ArcelorMittal Diverts Ukrainian Steel as Crisis Curtails ...Mon, 10 Mar 2014 10:04:09 GMT
ArcelorMittal (MT), the worlds largest steelmaker, is selling some Ukrainian output in other markets on a forecast for slower-than-expected demand ...
Panel says Guinea should strip BSGR, Vale of rights to iron depositMon, 10 Mar 2014 08:21:28 GMT
* Strategic committee has to make final decision * BSGR denies charges, may start international arbitration * Vale risks losing more than $1 billion invested in Guinea LONDON/CONAKRY, March 7 (Reuters) - A technical committee in Guinea has recommended the government strip BSG Resources (BSGR) and its partner Vale of the rights to exploit a giant iron ore deposit because the panel alleges BSGR ...
How to Buy Steel Pipe for Fencing: GoBob Pipe Shares How to Save ...Mon, 10 Mar 2014 07:51:15 GMT
How to Buy Steel Pipe for Fencing: GoBob Pipe Shares How to Save Time and Money. New vs Used, Secondary vs Seconds; Customers pricing materials can get misled - Bob Studebaker from GoBob Pipe wants to make sure you get what you need.
Sandvik introduces new Pressurfect tubing for GDI - SteelGuruSun, 09 Mar 2014 03:04:35 GMT
Sandvik, the high-technology engineering and advanced materials group, is introducing a new type of seamless stainless steel tube called PressurfectTM to meet growing demands from carmakers to handle higher fuel pressures in tomorrow's gasoline direct ...
Russia imports of stainless steel products drop in January - SteelGuruSun, 09 Mar 2014 03:04:35 GMT
In January, the country's imports of steel long products dropped by 1.2%; those of steel flats decreased by 5.7%; those of ERW pipes were down by 13.5%. Meanwhile, the country's imports of seamless steel pipes and billets dropped by 53.8% and 14.1% ...
Investment secures steel industrySat, 08 Mar 2014 16:01:14 GMT
A year shy of its 50th anniversary, New Zealand Steel is investing heavily to secure its future.
World steel industry news from steel on the net - dot com.
News item 1. Chinese Rushing to Sell Iron Ore to Repay Loans After Prices Tumble. Chinese steel mills and traders holding iron ore as collateral for financing deals are scrambling to sell it to pay off loans.
News item 2. House OKs bills to extend employer tax incentives. House lawmakers agreed on Monday to extend state tax incentives aimed at spurring new expansion projects by General Electric and AK Steel.
News item 3. BHP Billiton Sees Strong Steel Demand Growth For Next 10 Years -. BHP Billiton Sees Strong Steel Demand Growth For Next 10 Years - Quick Facts.
News item 4. Steel company asks Jharkhand govt to allocate iron ore mine - Times. Prasad also urged the state government to facilitate iron ore fines and blue dust to the pellet manufacturing plants.
News item 5. Not all steel firms in the red. PETALING JAYA: Despite the headwinds facing the steel industry, not all companies in the sector are posting losses.
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