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Economic News

Economic steel sector headlines and reports


Chinas monthly steel output falls first time in almost 4 years
Fri, 15 Nov 2019 14:20:00 GMT
Fen Wei Plain includes Shanxi, Shaanxi, and Henan province. Chinese traders have been adding more scrap into the basic oxygen furnaces to keep production high and offset the loss of sinter
https://www.hellenicshippingnews.com/chinas-monthly-steel-output-falls-first-time-in-almost-4-years/&c=15438841539307045153&mkt=en-gb


Look forward to close Essar Steel acquisition soon: ArcelorMittal
Fri, 15 Nov 2019 00:00:00 GMT
The verdict came on a plea of the committee of creditors challenging NCLAT's order of July 4, in which it had approved steel tycoon Lakshmi Mittal-led ArcelorMittal's Rs 42,000-crore bid for the acquisition of Essar Steel after it rejected a plea by the lead shareholder of the debt-laden firm challenging the eligibility of the
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/look-forward-to-close-essar-steel-acquisition-soon-arcelormittal/articleshow/72071335.cms


SEAISI Press Release
Fri, 15 Nov 2019 00:00:00 GMT
Dongkuk Steel's Q3 loss widens on loss from ties with Brazilian plant
http://www.seaisi.org/news_details.php?nid=9310


Chinas vast steel industry soaks up worlds unwanted metal
Thu, 14 Nov 2019 00:25:00 GMT
In terms of production costs, Chinese steel is dependent on imports of iron ore from as far away as Brazil and for much of the year prices have been elevated because of supply disruptions. Mills
https://www.freemalaysiatoday.com/category/business/2019/11/14/chinas-vast-steel-industry-soaks-up-worlds-unwanted-metal/&c=527845175906265055&mkt=en-gb


Chinas vast steel industry soaks up worlds unwanted metal
Thu, 14 Nov 2019 00:25:00 GMT
Theres concern that imports of finished steel could soon follow, he said. In terms of production costs, Chinese steel is dependent on imports of iron ore from as far away as Brazil and for much of
https://www.freemalaysiatoday.com/category/business/2019/11/14/chinas-vast-steel-industry-soaks-up-worlds-unwanted-metal/&c=527845175906265055&mkt=en-gb


Chinas iron ore, steel futures jump on supply concerns
Wed, 13 Nov 2019 18:02:00 GMT
China's steel futures bounced back on Tuesday, snapping three sessions of losses ... Shipment of the steelmaking raw material from Brazil and Australia stood at 22.3 million tonnes last week, down by
https://www.brecorder.com/2019/11/14/544101/chinas-iron-ore-steel-futures-jump-on-supply-concerns/&c=10421200781393594001&mkt=en-gb


ArcelorMittal cuts outlook for global steel demand
Thu, 07 Nov 2019 05:58:00 GMT
In the three months to September, the metal and mining group shipped 20.2m tonnes of steel, 7.3 per cent below shipments in the previous quarter. A key ingredient in steelmaking, iron ore prices hit a
https://www.ft.com/content/5225e66e-014b-11ea-b7bc-f3fa4e77dd47&c=6436479392602946984&mkt=en-gb


ArcelorMittal takes dimmer view of US, Europe steel demand
Thu, 07 Nov 2019 00:00:00 GMT
The Luxembourg-based company, which produces around 5% of global steel, said its core profit (EBITDA) in the third quarter was $1.06 billion, compared with the average forecast in a company poll of $930
https://www.moneycontrol.com/news/world/arcelormittal-takes-dimmer-view-of-us-europe-steel-demand-4614551.html


Difficult environment has adverse impact on Voestalpines results ...
Wed, 06 Nov 2019 05:11:00 GMT
For the voestalpine Group, the first half of the business year 2019/20 was defined by a substantial dampening of sentiment in its economic
https://www.voestalpine.com/group/en/media/press-releases/2019-11-06-difficult-environment-has-adverse-impact-on-voestalpines-results-for-the-first-half-of-the-business-year-2019-20/


Dams and the Green New Deal: Why the Silence
Wed, 06 Nov 2019 01:03:00 GMT
As Worster wrote: Steel penstocks structures that carry water from the forebay tunnel to the power ... As part of the Harness the Huai River campaign, the dam was completed in 1952 in Chinas
https://www.counterpunch.org/2019/11/06/dams-and-the-green-new-deal-why-the-silence/&c=17800582283667914506&mkt=en-gb


Economic governance framework at the core of Zimbabwe's macro-economic ...
Fri, 01 Nov 2019 15:41:00 GMT
Deals to resuscitate parastatals are being compromised more by political decisions that take advantage of the lopsided economic governance framework. The Zimbabwe Iron and Steel Company (Zisco) deal
https://bulawayo24.com/index-id-opinion-sc-columnist-byo-173773.html&c=13400980601039160922&mkt=en-gb


Why United States Steel Stock Just Popped 16%
Fri, 01 Nov 2019 00:00:00 GMT
One day after AK Steel missed earnings, USX beat 'em.
http://www.fool.com/investing/2019/11/01/why-united-states-steel-stock-just-popped-16.aspx


Metinvest prepays part of PXF facility
Thu, 31 Oct 2019 17:29:39 GMT
Metinvest, the international vertically integrated group of steel and mining companies (jointly referred to as Metinvest or the Group), has repaid US$75 million of its pre-export finance (PXF) facility ahead of schedule. Following this repayment, the remainder due under the PXF facility is US$406
https://metinvestholding.com/en/media/news/metinvest-prepays-part-of-pxf-facility


Business news - live: Chinese economy slumps to slowest growth ...
Mon, 28 Oct 2019 14:17:00 GMT
Prices of soybeans, iron ore and other commodities have fallen ... s most expensive residential property ever after it was listed for sale at a cool $225m (175m). The luxurious property known as
https://www.independent.co.uk/news/business/news/business-news-live-latest-today-china-economy-growth-falls-trade-war-trump-a9161021.html&c=4794388923185432967&mkt=en-gb


Have steel prices hit bottom
Fri, 25 Oct 2019 08:00:00 GMT
Demand is down. Scrap prices are down. The business environment is uncertain. U.S. steel mills cant do much but watch prices continue to
https://www.thefabricator.com/thefabricator/blog/metalsmaterials/have-steel-prices-hit-bottom


Number of news reports: 15




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