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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


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


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


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.


Fortescue Ltd. Sponsored ADR (FSUGY) Upgraded to Strong Buy: ...
fmg results
Mon, 22 Apr 2024 16:00:10 GMT
Fortescue 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


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


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


Cliffs hosts DOE Secretary Jennifer Granholm at Butler Works
market steel usa
Mon, 22 Apr 2024 00:00:00 GMT
Cliffs 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


Ukraine: maritime corridor boosts metal exports
steel trade ukraine
Mon, 22 Apr 2024 00:00:00 GMT
The 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


Ukraine Slovakia: what trade between the countries looks like
iron ore ukraine
Mon, 22 Apr 2024 00:00:00 GMT
Since the start of the war, Slovakia has supported Ukraine by increasing its iron ore consumptio


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