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Iron ore rebounds to six-week high on renewed China demand hopes ...
china iron ore market
Thu, 25 Apr 2024 00:00:00 GMT
Prices of iron ore futures rebounded on Wednesday to the highest level in more than six weeks, aided by renewed hopes of improved steel demand in top consumer China and the prospect of lower supply after a major miner lowered its annual shipment outlook. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 3.08% higher at 888 yuan ($122.55) a metric ton, its highest since March 8. It fell more than 1.5% on Tuesday. The benchmark May iron


Dalian Commodity Exchange adjusts trading limits after iron ore ...
iron ore market
Thu, 25 Apr 2024 00:00:00 GMT
Dalian Commodity Exchange said on Wednesday trading volume of opening long and short positions on iron ore futures contracts to be delivered in May and September of any non-futures company member or client shall not exceed 500 lots from April 26. The trading volume of opening positions on the other iron ore futures contracts shall not exceed 2,000 lots on any single day, the bourse added. The statement came after iron ore futures prices DCIOcv1 rose by more than 3% in day trading to 888 yuan


Germany introduces new green steel certification standard
germany ghg steel
Thu, 25 Apr 2024 00:00:00 GMT
German steel industry association WV Stahl and the countrys Federal Ministry for Economic Affairs...


German steel distributors' March sales fall on year, while stocks ...
germany steel
Wed, 24 Apr 2024 00:00:00 GMT
Steel product sales in the German distribution and stockholding system in March totaled 817,467 mt...


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


Nucor's (NUE) Earnings Lag, Revenues Beat Estimates in Q1
market nucor steel usa
Tue, 23 Apr 2024 00:00:00 GMT
Earnings in Nucor's (NUE) steel mills unit increase sequentially in Q1 on higher average selling prices and increased


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


The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs
steel trade
Sat, 20 Apr 2024 12:02:09 GMT
The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs


The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs
steel trade
Sat, 20 Apr 2024 07:28:09 GMT
The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs


Russia: coal industry on brink of collapse
coal market russia
Fri, 19 Apr 2024 09:28:50 GMT
The Commission of the State Council on Energy warns of a heavy crisis in the coal industry of Russia. This year, it could sustain losses of up to 450 billion rubles, which would exceed its income for the previous two years. The crisis is due to the drop in coal prices, increase in logistics


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