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Iron ore slides to nearly one-week low on subdued Chinese steel ...
iron ore market singapore
Wed, 24 Apr 2024 00:00:00 GMT
Iron ore futures prices extended losses for a second straight session on Tuesday to their lowest level in nearly one week on signs of softening in the steel market due to subdued demand in top consumer China. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) DCIOcv1 ended daytime trade down 1.91% at 849 yuan ($117.17) a metric ton, its lowest since April 17. The benchmark May iron ore SZZFK4 on the Singapore Exchange slipped 2.88% to $112.85 a ton, as of
https://www.hellenicshippingnews.com/iron-ore-slides-to-nearly-one-week-low-on-subdued-chinese-steel-market/


Fortescue Forecasts Annual Iron-Ore Shipments at Lower End of ...
fmg
Tue, 23 Apr 2024 23:34:00 GMT
Fortescue expects annual iron-ore shipments at the lower end of its prior forecast range after an ore car derailment and bad weather affected its operations in the third
https://finance.yahoo.com/m/a47e849a-52be-305f-a642-83000cb32288/fortescue-forecasts-annual.html?.tsrc=rss


Imports put strong pressure on rolled metal prices in Europe
europe market steel
Tue, 23 Apr 2024 14:50:02 GMT
Prices for flat-rolled steel in Europe fell this week due to increased import activity, forcing European producers to adjust their offerings
https://metallurgprom.org/en/news/europe/14923-import-okazyvaet-silnoe-davlenie-na-ceny-metalloprokata-v-evrope.html


Why Ukrainian businesses need to start the green transition now
ghg interpipe investment ukraine
Tue, 23 Apr 2024 10:00:00 GMT
Back in 2012, Interpipe built a modern electric arc furnace complex and reduced greenhouse gas emissions by 10 times
https://gmk.center/en/opinion/why-ukrainian-businesses-need-to-start-the-green-transition-now/


Uniper Inks Green Hydrogen Supply Deal For Salzgitters Steel ...
germany ghg production salzgitter steel
Tue, 23 Apr 2024 00:00:00 GMT
Power Apr 23, 2024 Uniper inks green hydrogen supply deal for Salzgitters steel production German steel producer Salzgitter has signed a pre-contract for the offtake of Uniper-produced green hydrogen... View
https://www.h2-view.com/story/uniper-inks-green-hydrogen-supply-deal-for-salzgitters-steel-production/2109078.article/


POSCO Named World Steel Associations Sustainability Champion ...
korea posco steel
Tue, 23 Apr 2024 00:00:00 GMT
POSCO Named World Steel Associations Sustainability Champion for Third Consecutive Yea
https://newsroom.posco.com/en/posco-named-world-steel-associations-sustainability-champion-for-third-consecutive-year/


Bureaucratic delays threaten support for transition: Eurofer
eurofer europe investment steel
Tue, 23 Apr 2024 00:00:00 GMT
European Resilience Fund money, meant to support investment by steelmakers into cleaner technology...
https://eurometal.net/bureaucratic-delays-threaten-support-for-transition-eurofer/


Severstal reports Q1 2023 operational results
results severstal steel
Tue, 23 Apr 2024 00:00:00 GMT
Severstal announces that in Q1 2023 crude steel production was almost flat qoq and stood at 2.7 mln tonnes (-1% qoq). Consolidated steel sales followed production dynamics and decreased slightly, by 1% qoq to 2.77 mln tonnes. Production: Hot metal output decreased by 4% qoq to 2.72 mln tonnes on the back of planned repairs on BF Nos. 3, 4 and 5. Crude steel production, however, was lower by only 1% qoq and amounted to 2.7 mln tonnes due to increased crude steel output at EAF facilities.
http://www.metalinfo.ru/en/news/160361


Zekelman Industries to invest $120 million in Arkansas expansion
tube
Mon, 22 Apr 2024 11:25:00 GMT
Independent steel pipe and tube manufacturer Zekelman Industries will invest up to $120 million to expand the manufacturing capabilities and product offerings of its subsidiary, Atlas Tube, in Blytheville, Ark. The project will allow the company to manufacture inline steel tube
https://www.thefabricator.com/tubepipejournal/news/tubepipeproduction/zekelman-industries-to-invest-120-million-in-arkansas-expansion


Nucor (NUE) Misses Q1 Earnings Estimates
nucor results usa
Mon, 22 Apr 2024 00:00:00 GMT
Nucor (NUE) delivered earnings and revenue surprises of -4.42% and 1.33%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the
https://www.zacks.com/stock/news/2259624/nucor-nue-misses-q1-earnings-estimates


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Chinas steel demand expected to be weak in traditionally stronger ...
china iron ore market
Wed, 24 Apr 2024 00:00:00 GMT
Chinas overall steel demand is expected to remain subdued in a traditionally stronger second quarter, mill and trading sources said, after the countrys net exports of semi-finished and finished steel hit an almost eight-year high in March even as production fell below the year-ago level. Steel production in the second quarter might inch higher from the first quarter but could still be lower than a year earlier, likely keeping a check on iron ore prices, the sources said. Strong exports,


Iron ore weakens amid waning China stimulus hopes, high portside ...
iron ore market singapore
Tue, 23 Apr 2024 00:00:00 GMT
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 0.06% lower at 866.5 yuan ($119.63) a metric ton, following a rise of more than 5% last week. The benchmark May iron ore on the Singapore Exchange was 0.34% lower at


POSCO Named World Steel Associations Sustainability Champion ...
korea posco steel
Tue, 23 Apr 2024 00:00:00 GMT
POSCO Named World Steel Associations Sustainability Champion for Third Consecutive Yea




South Asia Media Releases



Domestic finished steel consumption grows 13% to 136 MT in FY24: ...
india steel
Thu, 18 Apr 2024 00:00:00 GMT
Domestic finished steel consumption has registered a growth of 13 per cent to 136 million tonnes during 2023-24, supported by increased demand from automotive and infrastructure sectors, SteelMint India said. The country consumed 120 million tonne (MT) finished steel in the preceding 2022-23 financial year, the research firm said in a report. Demand from the automotive industry improved in FY24, along with focus increasing towards the EVs. Infrastructure and construction sectors also showed


GIFT Nifty up 70 points; here's the trading setup for today's ...
india sail
Mon, 08 Apr 2024 00:00:00 GMT
Change in Composition of SAIL Board - Resignation of Indpendent Directo


JSW Steel Announcement under Regulation 30 (LODR)-Press Release ...
jsw production steel
Mon, 08 Apr 2024 00:00:00 GMT
JSW Steel reports its highest ever annual Consolidated Crude Steel Production of 26.43 Million tons surpassing its yearly production guidance




South America Industry Headlines



Beltrame Group - Partnership Chalibria
ghg steel vale
Fri, 19 Apr 2024 00:00:00 GMT
More and more players throughout the value chain believe in #Chalibrias certified carbon neutral steel. According to international greenhouse gas standards, buying #Chalibria allows customers to reduce their indirect emissions and to declare an equivalent reduction in the category of goods purchased for Scope 3. #afvbeltramegroup SIDERGAMMA s.r.l.


Vale reaches 100% renewable energy consumption target in Brazil
brazil vale
Tue, 16 Apr 2024 00:00:00 GMT
Vale reaches 100% renewable energy consumption target in Brazil Tuesday, 16 April 2024 10:00 Vale has announced that all of the electricity used in its Brazil operations in 2023 came from renewable sources, two years ahead of its scheduled


Vale operations in Brazil now 100% renewable energy-powered
brazil vale
Mon, 15 Apr 2024 00:00:00 GMT
Vale (NYSE: VALE) announced Monday it had achieved its goal of running all of its Brazilian operations based on renewable energy sources, two years







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