China's steel sector is exhibiting stronger mill margins and sentiment in April that may soon lead producers to "step up purchases of both iron ore and coking coal," Macquarie Bank said Friday. Mill inventory of iron ore is stable while ...
Tags: Steel Mills, Iron Ore
In March this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 44.2 percent, up by 4.3 percentage points as compared to February, indicating the first rise after three consecutive month-on-month declines, as ...
Tags: Steel Sector, raw material
UK-based London Mining, a global diversified miner targeting the steel sector, has announced its financial results for 2013, posting a net loss of $24.9 million, compared to a net loss of $107.8 million in the previous year. The company's ...
Tags: London Mining, Mineral
The profitability of steelmakers based in China's Hebei Province remained low in 2013, with 16 percent of key steel companies in the province suffering losses, according to media reports citing the recent 2014 board meeting of the Hebei ...
Tags: steelmakers, steel industry
In February this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 39.9 percent, down by 0.8 percentage points as compared to January, falling to the lowest level since September 2012, as announced by the China ...
Tags: Steel Sector, Mineral
Brazil-based miner Vale has announced its financial results for the fourth quarter and the full year of 2013, reporting a net loss of $6.45 billion, compared to a net loss of $2.61 billion in the same quarter of the previous year, as a ...
Offer prices in the Argentinian ferrous scrap market are up 50% in February compared with January levels, a reflection of the steep devaluation of its currency, sources said Wednesday. On January 23, the central bank of Argentina scaled ...
Tags: Ferrous Scrap, Mineral
In January this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 40.7 percent, down sharply by seven percentage points as compared to December last year, remaining below 50 for the fifth consecutive month and ...
Tags: Steel Sector, Mineral
Mexican steel producer DeAcero released a request Thursday that the US Department of Commerce avoid trade disputes with Mexico and focus on the defense of NAFTA regions, which receive unfair imports from China and the European Union. In ...
Tags: DeAcero, Rebar Mills
Australian Direct Nickel and Indonesia's Antam are looking to complete the feasibility study for their joint venture plant in Halmahera Island by first quarter 2015, a Direct Nickel spokesman said Monday. Last month, the two companies ...
Tags: Nickel, stainless steel
The European Steel Association (EUROFER) has welcomed the European Parliament's approval of a resolution demanding technically and economically feasible climate and energy targets for Europe's steelmakers within the European Union's steel ...
Tags: Steel Action Plan, European Steel Association, climate and energy policy
Europe's largest coking coal producer Poland-based Jastrzebska Spolka Weglowa SA (JSW) has announced that in 2013 it sold 14.35 million mt of coal, constituting its largest annual volume of coal sales in over 10 years. During last year, ...
Tags: Coal Sales, Mineral
China's industries beset by overcapacity have entered a more favorable demand-supply balance, Deutsche Bank said on Tuesday. The bank estimated the cement industry would reduce its added capacity in 2014 by 35 percent while the steel ...
E-commerce took off in the steel sector in 2013 as the ailing industry competes to cut costs, Dong Baoqing, an official at the Ministry of Industry and Information Technology, said at a -forum in Shanghai on Sa-turday. ...
Tags: Steel Firms, Mineral
In 2013, Turkey's steel exports totaled 18.4 million mt, down 7.3 percent year on year, while the value of these exports decreased by 10.6 percent year on year to $13.9 billion, according to the data released by Turkish Steel Exporters' ...
Tags: Steel, Steel News, Turkey's Steel, Turkey's Steel Exports