Iron ore weakens amid waning China stimulus hopes, high portside ... iron ore market singaporeTue, 23 Apr 2024 00:00:00 GMTIron 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
https://www.hellenicshippingnews.com/iron-ore-weakens-amid-waning-china-stimulus-hopes-high-portside-stocks/
Uniper Inks Green Hydrogen Supply Deal For Salzgitters Steel ...germany ghg production salzgitter steelTue, 23 Apr 2024 00:00:00 GMTPower 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/
Severstal reports Q1 2023 operational results results severstal steelTue, 23 Apr 2024 00:00:00 GMTSeverstal 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
Fortescue Ltd. Sponsored ADR (FSUGY) Upgraded to Strong Buy: ... fmg resultsMon, 22 Apr 2024 16:00:10 GMTFortescue Ltd. Sponsored ADR (FSUGY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near
https://finance.yahoo.com/news/fortescue-ltd-sponsored-adr-fsugy-160010883.html?.tsrc=rss
Zekelman Industries to invest $120 million in Arkansas expansion tubeMon, 22 Apr 2024 11:25:00 GMTIndependent 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 usaMon, 22 Apr 2024 00:00:00 GMTNucor (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
Cliffs hosts DOE Secretary Jennifer Granholm at Butler Works market steel usaMon, 22 Apr 2024 00:00:00 GMTCliffs hosted DOE Secretary Jennifer Granholm at its Butler Works plant in Pennsylvania. The Secretarys visit followed the recent DOE final transformer efficiency standard rule providing for the continued utilization of Grain-Oriented Electrical Steel (GOES) in virtually all of electrical distribution transformer end markets. Cleveland-Cliffs is the sole producer of GOES in the United States, and was selected for award negotiations for up to $75 million in total funding from the DOE to
https://www.clevelandcliffs.com/news/newsroom
Ukraine: maritime corridor boosts metal exports steel trade ukraineMon, 22 Apr 2024 00:00:00 GMTThe metal industry of Ukraine is gradually reviving with the launch of the alternative maritime corridor. In Q1, pig iron manufacture grew by 32.1% YoY, rolled metal by 35.5% and steel by 36.6% YoY. Exports increased by 61.8%, to 1.02 million tons. (Ukrainian
https://metalukraine.com/2024/04/22/ukraine-maritime-corridor-boosts-metal-exports.html
Ukraine Slovakia: what trade between the countries looks like iron ore ukraineMon, 22 Apr 2024 00:00:00 GMTSince the start of the war, Slovakia has supported Ukraine by increasing its iron ore consumptio
https://gmk.center/en/posts/ukraine-slovakia-what-trade-between-the-countries-looks-like/
UK TRA recommends extension of steel safeguard measures steelMon, 22 Apr 2024 00:00:00 GMTThe UK Trade Remedies Authority (TRA) proposes a two-year extension to protect the countrys steel...
https://eurometal.net/uk-tra-recommends-extension-of-steel-safeguard-measures/
Number of steel industry news articles: 10Subscribers get access to full set of steel news releases (up to 20 reports).
Click here to subscribe to steel news.