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JSW Steel Q3 preview: Profit, operating growth could be significant ...
Sat, 23 Jan 2021 00:00:00 GMT
JSW Steel is expected to report significant year-on-year growth in the bottomline as well as operating earnings, with around 18 percent increase in revenue for the quarter ended December 2020, led by strong improvement in volumes and realisations. We forecast JSWs sales to increase 18.8 percent YoY led by a strong improvement in both, volumes and realisations. Its EBITDA is likely to increase 146.3 percent YoY. EBITDA margin is expected to improve 1,456bps YoY due to higher realizations,

China iron ore edges higher on supply concerns, SGX prices slip
Sat, 23 Jan 2021 00:00:00 GMT
Dalian iron ore futures edged higher on Friday on concerns over possible weather-related supply disruptions in key exporter Australia, while prices in Singapore dipped on worries about new COVID-19 infections in top steel producer China. The most-traded iron ore contract on the Dalian Commodity Exchange ended the morning session 1% higher at 1,062 yuan ($164.20) a tonne. Iron ores most-active February contract on the Singapore Exchange dropped 0.4% to $166.90 a tonne. In a week that saw

China iron ore rises as key supplier Australia braces for potential ...
Fri, 22 Jan 2021 00:00:00 GMT
Dalian iron ore futures rose on Thursday as key supplier Australia began preparing for a potential tropical cyclone, while worries over rising coronavirus cases in China weighed on prices of the steelmaking raw material in Singapore. The most-active May iron ore contract on Chinas Dalian Commodity Exchange ended a volatile morning session 0.7% higher at 1,059 yuan ($163.93) a tonne. Australias Pilbara Ports Authority has begun clearing large vessels from anchorages at Port Hedland, the

Trade review: Soaring iron ore prices set to face hurdles in ...
Thu, 21 Jan 2021 00:00:00 GMT
Seaborne iron ore prices defied the usual late year seasonal slowdown to hit multi-year highs in the final quarter of 2020, with demand fueled by strong steel margins and high output but margin pressures and the seasonal Lunar New Year holiday slowdown are likely to take the heat out of the rally in the first quarter of 2021. The S&P Global Platts 62% Fe Iron Ore fines index, or IODEX, surged to a nine-year high at $177.15/dry mt CFR China Dec. 21, after starting the quarter at

China iron ore futures rise amid supply concerns over Australian ...
Thu, 21 Jan 2021 00:00:00 GMT
Chinese iron ore futures gained on Wednesday, bouncing back from losses in the previous session, amid concerns that inclement weather conditions could disrupt shipments from major supplier Australia. Australias weather bureau said on Tuesday heavy rains are expected to continue though the La Nina weather pattern could have reached its peak. The most-traded iron ore futures on the Dalian Commodity Exchange, for May delivery, ended up 0.2% at 1,059 yuan ($163.76) a tonne. Other steelmaking

Whats next for Rio Tintos dividend
Thu, 21 Jan 2021 00:00:00 GMT
Given the current macroeconomic conditions and Rio Tintos past, Jay Yao writes what he thinks management will do with the dividend in the coming... Read

India: Steel sector, users in for more shocks as iron ore prices ...
Mon, 18 Jan 2021 00:00:00 GMT
Steel and user industries in India are in for more price shocks as iron ore rose to a near 10-year-high on January 14, with Chinese customs data showing record imports by Beijing. They can expect some relief after the first quarter of 2021, with prices expected to drop in the second quarter and even below $100 a tonne in the following quarters. Iron ore prices increased to 10-year-high in December before retreating on reports of China wanting to reduce its steel output., quoting

Nifty Metal index slips 4%; SAIL, Tata Steel, Hindustan Copper ...
Mon, 18 Jan 2021 00:00:00 GMT
An increase in coking coal prices would not augur well financially for steel companies' in India, ICICI Securities said in a

Desktop Metal to purchase polymer 3D printer manufacturer EnvisionTEC
Fri, 15 Jan 2021 12:10:00 GMT
Desktop Metal Inc. has announced its intention to acquire EnvisionTECa builder of production-volume photopolymer 3D printers. The $300 million cash-and-stock transaction is expected to close in the first quarter of 2021. EnvisionTEC will operate as a wholly owned subsidiary of Desktop

Profiteering or Profitability What domestic steel industry wants ...
Fri, 15 Jan 2021 00:00:00 GMT
Steel production through BF-BOF route uses iron ore of 1.65 tonne and coking coal of around 750 kg per tonne of steel. Steel pricing continues to occupy a centrepiece in the media for the last few weeks. A variety of responses and feedback from end-using sectors, policy planners, industry associations are filling up the pages. It is difficult to take a dispassionate view on the issue from the producers or users points of view. Let us look at some of the facts. Steel prices (HRC as the

Shanghai stainless steel gains on high demand, raw material prices
Thu, 14 Jan 2021 00:00:00 GMT
Stainless steel futures on the Shanghai Futures Exchange inched higher on Wednesday, fuelled by a pick-up in raw material prices and downstream consumption. Due to the recent shutdown of some capacity in Inner Mongolia ferrochrome supplies dropped, GF Futures wrote in a note, explaining the price surge in the raw material used to manufacture stainless steel. Downstream demand also recovered on increasing export orders, GF Futures said. Nickel prices on the Shanghai bourse also jumped,

Vanishing Chinese rebar margins could put brake on iron ore price ...
Tue, 12 Jan 2021 00:00:00 GMT
Chinese domestic rebar margins have almost disappeared since the start of January, affected by soaring raw materials prices and slowing construction activity. With China experiencing a particularly cold winter, and migrant workers starting to drift back to their home towns ahead of the Lunar New Year holiday rush, rebar prices look set to come under more pressure. This could see some resistance to increasing iron ore prices as long steel producers will be unable to pass on the higher costs

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