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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

NLMK Group named worldsteel Sustainability Champion
Tue, 13 Apr 2021 00:00:00 GMT
The World Steel Association (worldsteel) has named NLMK Group a Sustainability Champion. The title is awarded annually to steel companies that have proven their commitment to the principles of sustainable development, and is the main industry award in the

Glencore - Press Release
Mon, 12 Apr 2021 14:19:53 GMT
China Huaneng Group and Glencore sign MOU on CCUS Project

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

Cleveland-Cliffs and the USW reach tentative agreement
Mon, 12 Apr 2021 00:00:00 GMT
Cleveland-Cliffs Inc. announced a tentative agreement with the United Steelworkers for a new 53-month labor contract that is effective as of April 1, 2021. The new contract will cover approximately 300 USW-represented

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,

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Regional Industry Developments

Africa Announcements

Sundance seeks $8.8 bln in damages over Congo iron ore project
Wed, 23 Dec 2020 00:00:00 GMT
Australian miner Sundance Resources said on Monday that it had initiated an arbitration process against Congo Republic for damages of $8.76 billion after the Congolese government revoked its permit for the Nabeba iron ore project. The Nabeba permit is part of Sundances flagship Mbalam-Nabeba project, which straddles the border of Congo and Cameroon. It has yet to begin extracting iron ore. A decree by President Sassou Nguesso published on Dec. 17 in Congos official gazette confirmed the

Australian miners press Congo over seized iron ore projects
Wed, 23 Dec 2020 00:00:00 GMT
Congo Republic has cancelled iron ore projects with three Australian miners, two of the companies said, and handed them to a firm nobody knows anything about, prompting one to seek $8.76 billion in damages from the central African nation. The sudden cancellation sparked alarm among the project owners after years of working closely with the government of Congo Republic. Sundance Resources Ltd and Equatorial Resources Ltd EQX.AX both said this week they had been notified through an official

Ziscosteel 'ghost' can still be brought back to life
Thu, 19 Nov 2020 22:15:00 GMT
THE car suddenly stops by a gate, hidden by the overgrown grass and shrubs. This is one of the many entrances to Ziscosteel's Sinter Plant, an abandoned

CIS Media Releases

RPA software robot developed at MMK Group collects information ...
Fri, 02 Apr 2021 00:00:00 GMT
Robotics Technology Centre Next (MMK-Informservice, an MMK subsidiary) has developed a robot-assistant for Mitsubishi Corporation (Russia), which can search the Internet for information required by customers and quickly process

MMK launches corporate marketplace
Thu, 01 Apr 2021 00:00:00 GMT
A modern and convenient service for the purchase and delivery of MMK's products will significantly increase the Company's share of online sales and shorten the product chain from manufacturer to end

Kyrgyzstan: export of ferrous metal scrap prohibited
Tue, 30 Mar 2021 09:53:26 GMT
A government decree has been signed on imposing a temporary ban on export of scrap and waste of ferrous metals from Kyrgyzstan outside the customs territory of the Eurasian Economic Union, the press service of the Cabinet of Ministers reports. The export ban is imposed for a period of six months. It applies to scrap… The post Kyrgyzstan: export of ferrous metal scrap prohibited first appeared on The Ukrainian

Asia Pacific Industry Headlines

Glencore - Press Release
Mon, 12 Apr 2021 14:19:53 GMT
China Huaneng Group and Glencore sign MOU on CCUS Project

HRC prices skyrocket in Southeast Asia
Fri, 09 Apr 2021 00:00:00 GMT
Mills are this week seeking staggering increases for hot rolled coil inSoutheast xxx A Japanese Tier 1 mill is even offering re-rolling HRC at a record high $1,000/tonne cfr in the region, regional trading sources say. The Japanese mills offer given on 7 April for 2-2.3mm thickness SAE 1006 material, for shipment by early

Sanjeev Gupta businesses in Australia face Credit Suisse insolvency ...
Thu, 08 Apr 2021 09:00:00 GMT
Credit Suisse seeks to wind up two entities - Onesteel Manufacturing, which operates the Whyalla steel operation in South Australia, and Tahmoor


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