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Industry Economics

Press Release - Evraz
Thu, 15 Apr 2021 00:00:00 GMT
Update On The Potential Demerger Of Coal Assets

Robust sales, price hikes to drive earnings of steel companies
Wed, 14 Apr 2021 00:00:00 GMT
Steel stocks have been in demand in the wake of domestic firms reporting strong sales volume growth during the fourth quarter, indicating continuing steel demand momentum. The recent price hikes by steel manufacturers have also come on the back of the firm demand. Thus, with rising volumes and improving realizations, Indian manufacturers are set to report improved earnings. Share prices of Tata Steel Ltd, JSW Steel Ltd, Jindal Steel and Power Ltd (JSPL) and Steel Authority of India Ltd

Cleveland-Cliffs (CLF) Inks Deal with United Steelworkers
Tue, 13 Apr 2021 00:00:00 GMT
Cleveland-Cliffs' (CLF) agreement with United Steelworkers provides it with a competitive cost structure for future

Metal Stocks Rally Amid Jump In Commodity Prices
Tue, 13 Apr 2021 00:00:00 GMT
Metal stocks today: Steel Authority of India or SAIL gained more than six per cent, while Jindal Steel gained more than five per cent, in the session

US finished steel prices expected to remain high through September: ...
Tue, 13 Apr 2021 00:00:00 GMT
More than half of steel market participants surveyed expect US finished steel prices to remain at their current highs or rise further in the coming six months, industry respondents said in an S&P Global Platts poll. Out of 91 poll respondents, a total 44% said they expect to see domestic finished steel prices increase in the coming six months, with those expecting prices to rise by more than 10% and those expecting the increase to be less than 10% at 22% each. Additionally, 12% of survey

Design for stamping manufacturability begins with function
Mon, 12 Apr 2021 13:00:00 GMT
The process of stamping parts from the initial request for quote (RFQ), through the tooling design/build process, and finally, to the stamping production can be a long and winding road with a large gap between what is designed and what can be manufactured. Knowing a features function during the tool tryout processor better yet at the time of RFQcan help a tooling house wring out cost and smooth an operation. Which costly features and dimensional criteria may be unnecessarily complex or

Steel TubeandPipe 2021 scheduled for May 10-12
Mon, 12 Apr 2021 11:30:00 GMT
U.K.-based Fastmarkets, part of the Euromoney Institutional Investor PLC group, will hold its Steel TubeandPipe 2021 event virtually May 10-12, 2021. It will include steel market experts covering supply and demand outlooks, the financial health of the oil and gas industry, and developments

Earnings Estimates Rising for Nucor (NUE): Will It Gain
Mon, 12 Apr 2021 00:00:00 GMT
Nucor (NUE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate

BAMIN wins bid to operate FIOL railway, a boost to ERGs iron ...
Sat, 10 Apr 2021 00:00:00 GMT
Eurasian Resources Group (ERG or the Group), a leading diversified natural resources producer, and its wholly-owned Brazilian subsidiary BAMIN, today announced that BAMIN has won the auction on the Bovespa (So Paulo Stock Exchange) to complete and operate the first 537 km stretch (FIOL Stage 1) of the FIOL (East-West Integration) railway. FIOL will provide a high capacity and low cost link between ERGs Pedra de Ferro mine in Caetite and its Porto Sul port in Ilhus, Bahia state. The

Big traders ramp up derivative bets on SAIL
Sat, 10 Apr 2021 00:00:00 GMT
Analysts attribute the elevated trading interest to an ongoing rally in metal prices and SAIL trading at relatively cheaper valuations to peers such as Tata Steel and JSW Steel which are near and at record highs,

Steel prices expected to marginally move up from current levels
Fri, 09 Apr 2021 00:00:00 GMT
The steel stocks have been rallying for the past few months. Many thought that the rally was done and the steel prices would not rise as they had risen over the past few months, but prices have moved up even more. Vikash Singh, VP-Metals and Mining at Philip Capital said, If we look at the Indian steel prices, they are still at a fair discount to the imported prices. So, the prices should either stay consistent at this level or there is a slight possibility of prices going up marginally

German coil contract negotiations start early
Fri, 09 Apr 2021 00:00:00 GMT
Negotiations for coil contracts in Germany for the second half of 2021 have started earlier than in previous years,Kallanishhears from several market sources, although not everyone is aware yet. Normally, talks do not start until late May/June, and some buyers at stockholders before Easter were still laid back about the topic, saying it was

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