Robust sales, price hikes to drive earnings of steel companiesWed, 14 Apr 2021 00:00:00 GMT
Steel stocks have been in demand in the wake of domestic firms reporting strong sales volume growth during the fourth quarter, indicating continuing steel demand momentum. The recent price hikes by steel manufacturers have also come on the back of the firm demand. Thus, with rising volumes and improving realizations, Indian manufacturers are set to report improved earnings. Share prices of Tata Steel Ltd, JSW Steel Ltd, Jindal Steel and Power Ltd (JSPL) and Steel Authority of India Ltd
Metal Stocks Rally Amid Jump In Commodity PricesTue, 13 Apr 2021 00:00:00 GMT
Metal stocks today: Steel Authority of India or SAIL gained more than six per cent, while Jindal Steel gained more than five per cent, in the session
NLMK Group named worldsteel Sustainability ChampionTue, 13 Apr 2021 00:00:00 GMT
The World Steel Association (worldsteel) has named NLMK Group a Sustainability Champion. The title is awarded annually to steel companies that have proven their commitment to the principles of sustainable development, and is the main industry award in the
Design for stamping manufacturability begins with functionMon, 12 Apr 2021 13:00:00 GMT
The process of stamping parts from the initial request for quote (RFQ), through the tooling design/build process, and finally, to the stamping production can be a long and winding road with a large gap between what is designed and what can be manufactured. Knowing a features function during the tool tryout processor better yet at the time of RFQcan help a tooling house wring out cost and smooth an operation. Which costly features and dimensional criteria may be unnecessarily complex or
Earnings Estimates Rising for Nucor (NUE): Will It GainMon, 12 Apr 2021 00:00:00 GMT
Nucor (NUE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate
ArcelorMittal continues steel price rally, hikes coil offers ...Sat, 10 Apr 2021 00:00:00 GMT
Major steelmaker ArcelorMittal has increased its coils offers by Eur20/mt, raising hot-rolled coil offers to Eur920/mt and cold-rolled and hot-dipped galvanized offers to Eur1,070/mt across Europe, sources told S&P Global Platts April 7. The increase follows a series of price hikes over recent weeks and bullish sentiment across the European market. Platts daily assessment for HRC EXW Ruhr has increased Eur215/mt since the beginning of the year to an all-time high of Eur880/mt on April
Big traders ramp up derivative bets on SAILSat, 10 Apr 2021 00:00:00 GMT
Analysts attribute the elevated trading interest to an ongoing rally in metal prices and SAIL trading at relatively cheaper valuations to peers such as Tata Steel and JSW Steel which are near and at record highs,
Ukraine: Interpipe appoints HR directorFri, 09 Apr 2021 09:53:27 GMT
Interpipe has appointed Vitaliy Pakhomov its human resources director. Pakhomov, who has an over 20-year experience in human resources, started working on April 6. Since 2019 he has been working as the HR director at the state concern Urkoboronprom, comprising of over 100 enterprises with 68 thousand employees. For over 10 years Pakhomov has
Nucor (NUE) is a Great Momentum Stock: Should You BuyThu, 08 Apr 2021 00:00:00 GMT
Does Nucor (NUE) have what it takes to be a top stock pick for momentum investors Let's find out.
Volvo Group and SSAB to collaborate on the worlds first vehicles ...Thu, 08 Apr 2021 00:00:00 GMT
Volvo Group and SSAB have signed a collaboration agreement on research, development, serial production and commercialization of the worlds first vehicles to be made of fossil-free steel. Volvo plans already this year to start the production of concept vehicles and components from steel made by SSAB using
ArcelorMittal Europe, Infosys announce collaboration for digital ...Thu, 08 Apr 2021 00:00:00 GMT
Infosys will establish a BPM service in ArcelorMittal Europe's Business Centre of Excellence shared services centre.
Liberty ore/nickel sales raise conduct questionsThu, 08 Apr 2021 00:00:00 GMT
London-headquartered metals trader Liberty Commodities, part of the vast Gupta Family Group Alliance of companies owned by UK businessman Sanjeev Gupta, made multiple sales of nickel and iron ore pellet to Indian cold-rolled and hot-dip galvanised coil steel producer Uttam Galva between July 2014 and October 2015, according to documents obtained by Argus
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