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Industry Economics

SAILs stockpile of iron ore fines give company opportunity for ...
Fri, 17 Jul 2020 00:00:00 GMT
A stockpile of 43 million tonnes of iron ore fines has come in handy for Steel Authority of India Ltd (SAIL) as the state-owned company tackles an economy battered by the coronavirus pandemic. SAIL mines have a stock of 42.98 million tonnes of sub-grade iron ore fines considered as inventory with nil value in 2018-19. When the mines ministry in September 2019 allowed SAIL to sell up to 25 per cent of its total mineral production in the previous year, the equation changed. The ministry gave

May global crude steel production drops 8.7% year over year
Tue, 23 Jun 2020 11:30:00 GMT
Although demand and overall economic activity in China has begun to recover in recent weeks, overall global steel production in May remained down compared with May 2019 levels. According to data

Vale reopens Itabira but pandemic threats persist
Mon, 22 Jun 2020 21:08:00 GMT
Analysts will now be looking out for further disruption to Vale's widespread iron ore operations, particularly those in the northern Par state, a new hotspot for COVID-19 infection

AL Ezz Dekheila Steel calls shareholders to review 2019's financial ...
Mon, 22 Jun 2020 07:57:00 GMT
ArabFinance: AL Ezz Dekheila Steel - Alexandria (EZDK) (IRAX) called for an ordinary general meeting, on July 14th, to review the financial results and commutative contracts for 2019, according to the

EastGate: Chinese steel stockpiles retreating, a positive indicator ...
Mon, 20 Apr 2020 03:33:00 GMT
An EastGate report has stated that Chinese steel stockpiles have reached record highs amid the coronavirus outbreak, but are now steadily

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

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

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

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

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

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