Steel industry news - economics - prices costs capex.

Iron ore drops further as strong supply, China steel sell-off ...
iron ore market singapore
Fri, 26 Jul 2024 00:00:00 GMT
Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer Chinas persistently weak steel market, although hints of heavier monetary stimulus helped limit losses. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) fell for a fifth straight session to close daytime trade with a loss of 1.55% to 764.5 yuan ($105.50) a metric ton. The benchmark August iron ore SZZFQ4 on the Singapore Exchange dipped below the


Eurofer cuts European steel forecasts as demand recovery lags
eurofer market steel ukraine
Fri, 26 Jul 2024 00:00:00 GMT
The negative trend in the steel market observed in the first half of 2023 has persisted and become more acute over the last three quarters. The severe consequences of the war in Ukraine and the deteriorating manufacturing outlook, along with the overall economic environment, continued to take their toll. Apparent steel consumption in the EU decreased (-3.1%) in the first quarter of 2024, after a rise (+2.9%) in the preceding quarter which was mainly due to the comparison with the very low


Offshore loans turn cheaper as global investors widen exposure
india jsw steel
Fri, 26 Jul 2024 00:00:00 GMT
Indian corporates found raising funds through offshore syndicated loans more affordable in 2024 due to increased global investor interest. The volume remained stable at $13.3 billion. HSBC emerged as the top bookrunner, followed by DBS Group, Mitsubishi UFJ Financial Group, and Taipei Fubon Commercial Bank. Firms like Union Bank, JSW Steel, and Hero Fincorp have utilized this


French longs prices flatten
france market steel
Thu, 25 Jul 2024 00:00:00 GMT
Long steel prices in France have remained stable over the past week. At the start of July, there was...


Spain's rebar market shows good momentum before shutdowns
market spain
Wed, 24 Jul 2024 00:00:00 GMT
Spanish rebar prices have moved up after a month of stability. The increase comes ahead of planned...


Nucor's (NUE) Earnings and Revenues Beat Estimates in Q2
market nucor steel usa
Tue, 23 Jul 2024 00:00:00 GMT
Nucor's (NUE) second-quarter earnings and sales beat estimates despite lower average selling prices and volumes in the steel mills


Market Volatility Leads Steel Wire Rod Prices to Rise in Germany ...
germany market steel
Mon, 22 Jul 2024 19:56:00 GMT
The week ending on July 5th witnessed fluctuating trends in the global Steel Wire Rod markets. In the USA, prices experienced a slight


Will Weaker Steel Prices Weigh on Nucor's (NUE) Earnings in Q2
market nucor steel usa
Fri, 19 Jul 2024 00:00:00 GMT
Lower earnings in the steel mills segment on weaker selling prices and volumes are likely to have hurt Nucor's (NUE) second-quarter


Electrical Steel Producers Navigate Mixed Signals for July 2024: ...
steel
Thu, 18 Jul 2024 19:54:00 GMT
The Electrical Steel industry is navigating a complex landscape of supply and demand factors, with regional variations and economic uncertainties


Surge in steel imports drives up prices amidst local production ...
production steel
Thu, 18 Jul 2024 00:00:00 GMT
KARACHI: The fiscal year 2024 witnessed a substantial rise in the import of finished steel products, contributing to heightened prices due to dollar


Number of business news reports: 10
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