Tata Steel may turn a corner as subsidiarys Q2 results shows ...Fri, 16 Oct 2020 00:00:00 GMT
After a dull June quarter, the steel sector is building up a case for a turnaround. Tata Steel could have racked up profits in Q2 after covid-19 disruption. Its subsidiary Tata Steel BSLs decent jump in volumes has seen it post a sharp recovery. And will also drive gains for the parent. Tata Steels stock inched up about 3% on Thursday on expectation that the firm will report an improvement after covid-19 roiled operations. But it has also been a quick turnaround for Tata Steel BSL. The
Worldsteel lifts demand forecast on rapid China recoveryFri, 16 Oct 2020 00:00:00 GMT
Worldsteel has revised up its forecast for global finished steel demand thanks mainly to Chinas stunning rebound following the initial Covid-19 pandemic shock at the start of the year. Global demand is now seen falling only -2.4% on-year in 2020 to 1.725 billion tonnes. This compares to the -6.4% decline forecast in worldsteels previous
Steel demand decline in 2020 to be less than previously forecasted: ...Fri, 16 Oct 2020 00:00:00 GMT
Worldsteel has reviewed its Short Range Outlook (SRO) for 2020 and 2021 to show a much smaller demand decline than previously expected, as the sector recovers from the impact of the coronavirus pandemic, the association of world steel producers stated Oct. 15. Chinas strong recovery will mitigate the reduction in global steel demand this
Non-China steel demand not to recover to 2019 level until 2022: ...Fri, 16 Oct 2020 00:00:00 GMT
Steel demand recovery following the coronavirus pandemic is expected to occur at different rates in different regions but may be drawn-out outside China, according to the World Steel Association. Chinas steel demand is expected to increase by 8% in 2020, aided by government infrastructure stimulus and a strong property market, but demand in the
Navigating the impact of COVID-19 on the mining and metals industries ...Tue, 13 Oct 2020 00:00:00 GMT
Navigating the impact of COVID-19 on the mining and metals industries - Mining Review
OECD Concerns On Steel Market Impact During Covid-19Fri, 09 Oct 2020 00:00:00 GMT
OECD concerns on steel market impact during COVID-19 The OECD Steel Committee expressed grave concern at its meeting recently over the deterioration in steel market conditions related to the COVID-19 crisis. The latest OECD data show that global steelmaking...
Metals Weekly Round-Up: Gold Higher Amid Second Wave of COVID-19Fri, 09 Oct 2020 00:00:00 GMT
Metals Weekly Round-Up: Gold Higher Amid Second Wave of COVID-19 Safe haven support sent gold higher this week as more cases of COVID-19 were reported in the White House.
RESEARCH: Brazil's iron ore export volumes recoveringThu, 08 Oct 2020 07:10:00 GMT
In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil ... Chinese iron and
Iron ore outlook is finely balanced as supply picks up, China ...Tue, 06 Oct 2020 00:00:00 GMT
The price of iron ore is increasingly poised between a recovery in supply from exporters and still-robust demand from top importer China on the back on stimulus spending driving steel consumption. The return of supply, particularly from number two shipper Brazil, would in normal circumstances be a bearish indicator. But if 2020 has shown one thing, its that its a mistake to underestimate the impact of Beijings efforts to boost the economy in the aftermath of the novel coronavirus. The
S&P forecasts exploration revival despite COVID-19 dipMon, 05 Oct 2020 00:00:00 GMT
Mining exploration budgets have experienced a double-digit fall in 2020 as the COVID-19 pandemic put exploration activities on hold, according to new global exploration data released by S&P Global Market Intelligence.
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