Iron ore scales over 3-week high on China demand, supply risksSat, 12 Jun 2021 00:00:00 GMT
Iron ore futures jumped on Friday to their highest in more than three weeks, as a rebound in steel inventory in top producer China suggested that demand for the raw material remained brisk. The most-traded September iron ore on Chinas Dalian Commodity Exchange rose as much as 4.1% to 1,226 yuan ($191.96) a tonne, its loftiest since May 19, and was set for a second consecutive weekly rise. The July iron ore contract on the Singapore Exchange climbed 2.8% to $214 a tonne, rising for a fourth
What's in the Offing for Commercial Metals' (CMC) Q3 EarningsFri, 11 Jun 2021 00:00:00 GMT
Commercial Metals' (CMC) Q3 results likely to reflect benefits from solid construction and infrastructure demand.
Steel safeguards until June 2024Fri, 11 Jun 2021 00:00:00 GMT
The Commission has notified the WTO of its intention to renew the steel safeguards for a period of 3 years until June 30, 2024 The notification is
Global stainless production continues registering record levelsFri, 11 Jun 2021 00:00:00 GMT
Global stainless crude steel output jumped by almost 25% year-on-year during the first quarter to 14.5 million tonnes, according to International Stainless Steel Forum (ISSF) data seen byKallanish. The jump was mainly supported by Chinese output, which recovered 36.9% y-o-y during the quarter to almost 8.2mt. In Europe the recovery stood at 5.3% y-o-y,
Commercial Metals (CMC) Earnings Expected to Grow: What to Know ...Thu, 10 Jun 2021 00:00:00 GMT
Commercial Metals (CMC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key
U.S. Steel (X) to Divest Transtar to Fortress for $640 MillionThu, 10 Jun 2021 00:00:00 GMT
U.S. Steel (X) intends to use the proceeds of the sale to further strengthen its balance sheet, including deleveraging.
US trade associations ask Biden to end steel, aluminum tariffsThu, 10 Jun 2021 00:00:00 GMT
A group of over 30 US trade associations sent a letter to President Joe Biden June 9, requesting an end to the Section 232 steel and aluminum tariffs and quotas on trade allies. The tariffs, intended to help the steel and aluminum producing industries, imposed substantial costs on a much broader segment of the US economy, the group said in the letter. The restriction on the supply of goods and raw materials resulting from the tariffs has sent a ripple throughout downstream industries,
Large steel mills grow larger on improved supply-chain efficiencies: ...Thu, 10 Jun 2021 00:00:00 GMT
Large steel makers took huge strides in terms of both operations and financial performance last fiscal, increasing their market share by 500 basis points (bps) on-year to 58 per cent despite their share of industry capacity remaining unchanged, said a Crisil report today. The improvement was driven by supply-chain efficiencies, higher exports, and captive mines that limited the impact of iron ore shortage, said the report. Their capacity share is expected to increase this fiscal in FY22
MMK's Chairman of the Board of Directors held meeting with CEO ...Thu, 10 Jun 2021 00:00:00 GMT
Victor Rashnikov, Chairman of the Board of Directors of MMK, met with Dmitry Strezhnev, CEO of United Machinery Group LLC in Moscow. The two sides discussed cooperation between the companies and plans for its further
MMK's Chairman of the Board Victor Rashnikov and KAMAZ CEO Sergey ...Thu, 10 Jun 2021 00:00:00 GMT
Victor Rashnikov and Sergey Kogogin met in Moscow to discuss cooperation between the two companies, including supplies of MMKs innovative import-substituting rolled products to KAMAZ, as well as cooperation under the Localisation-Wave 2
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