Steel industry economic news - prices, costs, investment.
You are here: www.steelonthenet.com > feeds > economics.php


Economic News

Economic steel sector headlines and reports


BHP retains title of Worlds Most Valuable Mining Brand
Thu, 12 Mar 2020 11:22:00 GMT
BHP has had a turbulent year, from negotiating a US$5 billion lawsuit, following the devasting Samarco dam disaster in Brazil in 2015 ... The future of BHP looks bright, however, as iron ore prices -
https://www.miningreview.com/gold/bhp-retains-title-of-worlds-most-valuable-mining-brand/&c=9638299919199599469&mkt=en-gb


Latin America steel consumption falls 5% in 2019
Wed, 11 Mar 2020 12:37:00 GMT
According to Professor Germano Mendes de Paula Alacero studies coordinator, professor of economics at the Federal University of Uberlndia (Minas Gerais, Brazil) and an expert in the steel industry
https://www.hellenicshippingnews.com/latin-america-steel-consumption-falls-5-in-2019/&c=8732416169040916985&mkt=en-gb


China, Singapore iron ore sell-offs intensify on demand concerns
Fri, 28 Feb 2020 00:00:00 GMT
Benchmark Dalian and Singapore iron ore futures fell on Thursday as Chinas rapidly rising steel inventories amid weakening demand fuelled worries that mills will keep their purchases of the steelmaking raw material to a minimum for some time. Extending its losses into the third straight day, iron ore on the Dalian Commodity Exchange declined 3.6% at 633 yuan ($90.26) a tonne. Futures on the Singapore Exchange were down 2.3% at $83.91 in afternoon trade. Steel stockpiles in China have piled
https://www.hellenicshippingnews.com/china-singapore-iron-ore-sell-offs-intensify-on-demand-concerns-2/


Asian mills cautious over rising Chinese steel exports in the ...
Thu, 20 Feb 2020 14:17:00 GMT
Asian mills are cautious over the recent spike in steel exports from China to the region as the ... Within China, domestic prices for Tangshan billet ex-stock has fallen 9% since the Lunar New Year to
https://www.hellenicshippingnews.com/asian-mills-cautious-over-rising-chinese-steel-exports-in-the-region/&c=15066593554270486360&mkt=en-gb


Fortescue profit spikes on iron ore price jump, but dividend ...
Wed, 19 Feb 2020 00:00:00 GMT
Australias Fortescue Metals Group Ltd (FMG.AX) reported a near four-fold jump in half-year profit on Wednesday as it cashed in on higher iron ore prices, while analysts said a lower-than-expected dividend reflected caution on the global economy. Fortescue is the second of the global iron ore giants to report results this season, and also the second to offer lower than anticipated payouts which analysts said reflected a move to keep cash in reserve given uncertainties over global economic
https://www.hellenicshippingnews.com/fortescue-profit-spikes-on-iron-ore-price-jump-but-dividend-seen-conservative/


BHP's (BHP) CEO Mike Henry on Half Year 2020 Earnings Call Session ...
Tue, 18 Feb 2020 23:44:00 GMT
At Samarco, resettlement remains a priority of the Renova Foundation ... The EBITDA waterfall shows the benefit of higher prices driven by iron ore. In addition, with IFRS 16, operating leases are now
https://seekingalpha.com/article/4325119-bhps-bhp-ceo-mike-henry-on-half-year-2020-earnings-call-session-1-earnings-call-transcript&c=14607735439097140852&mkt=en-gb


BHP First-Half Profit Rises; Dividend Lifted
Mon, 17 Feb 2020 23:06:00 GMT
BHP Group reported a 29% rise in half-year net profit and lifted its dividend, after strong prices of iron ore more than offset weakness among almost all other commodities that it
https://www.wsj.com/articles/bhp-first-half-profit-rises-dividend-lifted-11581976561&c=14082804631173168741&mkt=en-gb


Anglo American expects earnings to more than double
Tue, 28 Jan 2020 00:00:00 GMT
Anglo American has completed its acquisition of Sirius Minerals, a UK mining company that also owns a fertiliser business, after the takeover secured court approval, it was announced on
https://www.fin24.com/Companies/Mining/anglo-american-expects-earnings-to-more-than-double-20200128


Brazil struggles may prolong Australias iron ore boom
Mon, 27 Jan 2020 00:00:00 GMT
Australian miners and Treasury boffins could be enjoying strong iron ore prices for longer than expected, amid growing signals that Brazilian miner Vale has made a weak start to the year. Vale said last year that it would make a slow start to 2020, shipping 70 million to 75 million tonnes in the three months to March 31 before accelerating to produce between 340 million and 355 million tonnes in the year. But sources with access to Brazilian port data suggest Vales output has been weaker
https://www.hellenicshippingnews.com/brazil-struggles-may-prolong-australias-iron-ore-boom/


Official: Iran to Export 10mln Tons of Steel by Yearend
Thu, 23 Jan 2020 04:09:00 GMT
A major global producer and exporter of steel, Iran has sought to increase output despite economic woes that have affected downstream sections of the industry. IMIDRO announced in September that
https://en.farsnews.com/newstext.aspx%3fnn%3d13981103000532&c=13907372870984006293&mkt=en-gb


Arcelor Mittal's Essar Steel buy may not severely hit other players
Thu, 09 Jan 2020 00:00:00 GMT
Arcelor Mittals debut in steel industry through acquisition of Essar Steel will raise the competition in the domestic steel sector. Nevertheless there is still headroom for steel companies to increase capacities with consumption demand tipped to grow at 6-7%. Ind-Ra said continued regulatory support is critical to protect local steel players against the threat of
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelor-mittals-essar-steel-buy-may-not-severely-hit-other-players/articleshow/73165102.cms


5 Solid Steel Stocks to Buy As Industry Eyes Recovery in 2020
Wed, 08 Jan 2020 00:00:00 GMT
As the steel industry looks poised for a rebound this year after a gloomy 2019, it would be prudent to invest in steel stocks that have compelling
https://www.zacks.com/stock/news/707814/5-Solid-Steel-Stocks-to-Buy-As-Industry-Eyes-Recovery-in-2020


Bearish outlook for 2020 world steel prices
Thu, 02 Jan 2020 09:00:00 GMT
Analysts consider that year 2020 steel prices will remain close to 2019 price levels, with perhaps a small price recovery in 2021; but with no notable pricing improvement until the next peak in the steel cycle which can be expected at
https://www.steelonthenet.com/market-outlook.html


Nippon Steel & Sumitomo Metal Corporation - Press Release
Tue, 17 Dec 2019 09:01:29 GMT
ArcelorMittal and N ippon Steel Complete Joint Acquisition of Essar ...
https://www.nipponsteel.com/common/secure/en/news/20191216_400.pdf


A Tough Year for Steel Stocks: Will 2020 Bring Good Tidings
Tue, 17 Dec 2019 00:00:00 GMT
A recovery in steel prices and easing U.S.-China trade tensions are likely provide a respite to American steel makers next
https://www.zacks.com/stock/news/674836/A-Tough-Year-for-Steel-Stocks-Will-2020-Bring-Good-Tidings


SEAISI Press Release
Tue, 17 Dec 2019 00:00:00 GMT
ArcelorMittal says it has completed acquisition of Essar Steel
http://www.seaisi.org/news_details.php?nid=9426


Dammed Good Questions about the Green New Deal
Mon, 16 Dec 2019 10:28:00 GMT
As Donald Worster wrote in Rivers of Empire: Steel penstocks structures that carry water from the forebay tunnel to ... As part of the Harness the Huai River campaign, the dam in Chinas Henan
https://medium.com/local-futures-economics-of-happiness/dammed-good-questions-about-the-green-new-deal-8c43a8896923&c=7106901492509408420&mkt=en-gb


Benteler to close Bottrop tube plant
Mon, 16 Dec 2019 00:00:00 GMT
Benteler says it plans to close its Bottrop welded tube plant in 2022. The firm has provided details of its plan announced in November for a restructuring and associated job cuts at its Steel/Tube division. Bottrop capacities will be gradually reduced from 2020. Most production will be successively transferred to Schloss Neuhaus and Paderborn.
http://eurometal.net/benteler-to-close-bottrop-tube-plant/


ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel ...
Sat, 14 Dec 2019 00:00:00 GMT
ArcelorMittal has initiated payment for acquisition of debt-ridden Essar Steel for Rs 42,000 crore.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-initiates-rs-42000-cr-payment-for-essar-steel-acquisition/articleshow/72587104.cms


Arcelor entry will energise India's steel sector: Pradhan
Fri, 22 Nov 2019 00:00:00 GMT
ArcelorMittal, the world's biggest producer of the alloy, is entering India at a time when the sector is going through a lean phase, facing a demand slump. Other steelmakers shared Pradhans sentiments about ArcelorMittals entry into India. ArcelorMittals presence will bring in new technology, and have a longer-term impact on prices and the steel product
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelor-entry-will-energise-indias-steel-sector-pradhan/articleshow/72179626.cms


Number of news reports: 20




If you have a steel industry news item or company press release that you would like us to publish above and distribute without restrictions concerning syndication and reuse, then please contact info@steelonthenet.com.