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World Steel News
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,
Number of steel industry news articles: 10
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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
https://www.hellenicshippingnews.com/robust-sales-price-hikes-to-drive-earnings-of-steel-companies/
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
https://www.zacks.com/stock/news/1389824/cleveland-cliffs-clf-inks-deal-with-united-steelworkers
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
https://www.ndtv.com/business/metal-stocks-today-metal-stocks-rally-amid-jump-in-commodity-prices-2412605
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
https://www.hellenicshippingnews.com/us-finished-steel-prices-expected-to-remain-high-through-september-poll/
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
http://nlmk.com/en/media-center/news-groups/nlmk-group-named-worldsteel-sustainability-champion/
Glencore - Press Release
Mon, 12 Apr 2021 14:19:53 GMT
China Huaneng Group and Glencore sign MOU on CCUS Project
https://www.glencore.com/media-and-insights/news/china-huaneng-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
https://www.thefabricator.com/tubepipejournal/news/tubepipeproduction/steel-tube-pipe-2021-scheduled-for-may-10-12
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
https://www.zacks.com/stock/news/1385025/earnings-estimates-rising-for-nucor-nue-will-it-gain
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
https://www.modernmetals.com/itemlist/category/2.html
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,
https://economictimes.indiatimes.com/markets/stocks/news/big-traders-ramp-up-derivative-bets-on-sail/articleshow/81995655.cms
Number of steel industry news articles: 10
Subscribers get access to full set of recent press releases (up to 20 global media releases).
Click here to subscribe.
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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
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Global steel news information and analysis.
Global steel news information and analysis.