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Economic News

Economic steel sector headlines and reports


Iron-Ore Prices Hit Five-Year Highs: Whats Behind the Rally
Wed, 18 Sep 2019 01:36:00 GMT
The banks analyst Matt Hope recently stated that while the Chinese steel mills may well be wishing for a reasonable price, they cant wish away the supply shortage arising from mine woes in Brazil
https://internationalbanker.com/brokerage/iron-ore-prices-hit-five-year-highs-whats-behind-the-rally/&c=12361195503112223638&mkt=en-gb


3 ASX large cap stocks I like for the next decade
Tue, 17 Sep 2019 18:24:00 GMT
BHP posted a strong full-year result as it doubled its profit to $12.2 billion, although a lower than expected cost from its Brazilian Samarco dam collapse helped ... in Asia should boost demand for
https://www.fool.com.au/2019/09/18/3-asx-large-cap-stocks-i-like-for-the-next-decade/&c=4554081835660596810&mkt=en-gb


Nucor Provides Downbeat Q3 Earnings View on Lower Prices
Tue, 17 Sep 2019 00:00:00 GMT
Nucor (NUE) expects performance of the steel mills unit to sequentially decline in Q3 mainly due to lower prices for sheet and plate
https://www.zacks.com/stock/news/522761/Nucor-Provides-Downbeat-Q3-Earnings-View-on-Lower-Prices


Primetals Technologies receives FAC for automation upgrades at ...
Thu, 05 Sep 2019 00:00:00 GMT
In late March, Primetals Technologies received the Final Acceptance Certificates (FACs) for automation upgrades conducted on a third-party 6-strand billet caster and two blast furnaces of Gerdau Ouro Branco in Minas Gerais, Brazil. The caster project included the upgrade of outdated level 1 and level 2 systems, resulting in quality improvements, reduced maintenance requirements and operating cost savings. Blast furnaces #1 and #2 were outfitted with a new level 2 process optimization system
https://www.primetals.com/press-media/news/primetals-technologies-receives-fac-for-automation-upgrades-at-gerdau-ouro-branco-and-conducts-indus/


Is the BHP share price a bargain buy
Wed, 04 Sep 2019 18:31:00 GMT
The Aussie miners underlying earnings came in at US$9.1 billion ($13.4 billion) once the 2015 Samarco dam collapse costs were stripped out, with iron ore the biggest performer for the group. Despite
https://www.fool.com.au/2019/09/05/is-the-bhp-share-price-a-bargain-buy/&c=16112633488990241000&mkt=en-gb


UK-based rail expert tips NRZ
Wed, 04 Sep 2019 15:06:00 GMT
He said the resuscitation of the countrys steel manufacturing unit, Zisco, which closed down operations at the height of economic downturn in 2008, was critical as the company would produce rail
https://www.chronicle.co.zw/uk-based-rail-expert-tips-nrz/&c=2790132229806057715&mkt=en-gb


Turkey Top Steelmaker Hit by August Gloom Inches Toward Recovery
Tue, 03 Sep 2019 06:00:00 GMT
Photographer: Staton Winter/Bloomberg Photographer: Staton Winter/Bloomberg August was a terrible month for steelmakers, and slumping prices coupled with investor concern about the acquisition of
https://www.bloomberg.com/news/articles/2019-09-03/turkey-top-steelmaker-hit-by-august-gloom-inches-toward-recovery&c=13350494199064721035&mkt=en-gb


China iron ore rebounds, but set for first monthly drop in nine
Fri, 30 Aug 2019 18:25:00 GMT
Some restocking demand has emerged to support iron ore prices, as steel mills anticipate production curbs in Chinas top steelmaking city of Tangshan to be eased in September, and also prepare
https://af.reuters.com/article/africaTech/idAFL3N25Q13A&c=192915889634811944&mkt=en-gb


Iron ore rebounds from selloff on hopes of China demand
Fri, 30 Aug 2019 12:08:00 GMT
Some steel mills were seen beefing up their iron ore stocks before the week ends as they expect production curbs in Chinas top steelmaking city of Tangshan to be eased in September, and also to
https://www.mining.com/web/iron-ore-rebounds-from-selloff-on-hopes-of-china-demand/&c=4367334684246180354&mkt=en-gb


Global Steel Output Growth Eases as China Production Cools
Fri, 30 Aug 2019 05:08:00 GMT
Fears of supply shortage due to mine disruptions in Brazil triggered a spurt in iron ore prices. Iron ore prices jumped to a five-year high In July. The steel industry continues to reel under the
https://finance.yahoo.com/news/global-steel-output-growth-eases-112111641.html&c=1890307830775818673&mkt=en-gb


MMK saves more than USD 38.3 million thanks to increased production ...
Fri, 30 Aug 2019 00:00:00 GMT
According to results for the first half of 2019, the implementation of programmes aimed at improving production efficiency at the Magnitogorsk Iron and Steel Works (MMK) has had an economic impact in excess of USD 38.3
http://eng.mmk.ru/press_center/76280/


EL Ezz Aldekhela Steel to review capital hike
Thu, 29 Aug 2019 02:55:00 GMT
ArabFinance: EL Ezz Aldekhela Steel - Alexandria (IRAX) declared in a statement sent to EGX, it called for the extraordinary general assembly meeting to be held on September 22. The EGM will discuss
https://www.zawya.com/mena/en/markets/story/EL_Ezz_Aldekhela_Steel_to_review_capital_hike-SNG_152578806/&c=1865472747458360166&mkt=en-gb


SEAISI Press Release
Wed, 28 Aug 2019 00:00:00 GMT
India: Steel makers are in a tough spot on sliding prices and softening demand
http://www.seaisi.org/news_details.php?nid=9037


FRA approves EL Ezz Aldekhela capital hike
Tue, 27 Aug 2019 03:39:00 GMT
ArabFinance: Financial Regulatory Authority (FRA) approved on August 26 publishing EL Ezz Aldekhela Steel - Alexandria (IRAX) disclosure report to conduct procedures of issued capital hike according
https://www.zawya.com/mena/en/markets/story/FRA_approves_EL_Ezz_Aldekhela_capital_hike-SNG_152414756/&c=1009061627578509736&mkt=en-gb


SEAISI Press Release
Tue, 27 Aug 2019 00:00:00 GMT
Southern Steel posts RM119m annual net loss
http://www.seaisi.org/news_details.php?nid=9036


Number of news reports: 15




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