The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the full financial year 2013-14 ended March 31, posting a net profit of JPY 242.75 billion ($2.4 billion), ...
Tags: Steel, Metallurgy, Mineral
Luxembourg-based ArcelorMittal, the world's largest steelmaker, has announced its financial results for the first quarter this year. Regarding the 2014 outlook, ArcelorMittal has lowered its global steel demand growth guidance to 3-3.5 ...
Tags: Steel Demand, steelmaker
Duisburg, Germany-based steel and metal distribution company Kl?ckner & Co. has reported a net profit of €3 million for the first quarter this year, compared to the net loss of €16 million in the same quarter of the previous year. ...
Tags: Metallurgy, Mineral, Energy, Steel
Luxembourg-headquartered global stainless steel producer Aperam SA, which was spun off by ArcelorMittal and separately listed in 2011, has announced its financial results for the first quarter of 2014. In the first quarter, Aperam ...
Tags: stainless steel, nickel price
According to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products, the global long steel products market is still characterized by uncertainty amid the adverse effects of ...
Tags: Long Steel Demand, steel products
The expected growth in global steel demand through 2050 may require a tripling of current seaborne metallurgical coal exports, which may be tough for miners to deliver, according to forecasts delivered Monday by two consultants. An annual ...
Tags: steel demand, steel production
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
Finland-based steelmaker Ruukki has issued its financial results for the first quarter of the current year, stating that it expects demand for steel to pick up slightly in 2014. Nevertheless, demand growth will continue to be limited by ...
Tags: Steel Demand, Ruukki
Tan Naifen, vice director, information department, at the China Association of the National Shipbuilding Industry (CANSI), has stated at SteelHome's 10th Steel Development Strategy Conference held in Shanghai at the weekend that China's ...
Tags: Steel, Metallurgy, Mineral, Shipbuilding Industry
According to the Economic and Steel Market Outlook 2014-2015/Q2 2014 Report from the Economic Committee of the European Steel Association (EUROFER), in the first two months of 2014 total EU steel exports fell almost six percent year on ...
Tags: Steel Exports, flat products
In January this year, European stainless crude steel production decreased by three percent to 670,000 metric tons, with German production decreasing by 19 percent, Sweden's production down four percent and Slovenia's production up 24 ...
Steel Dynamics, Inc. announced Wednesday first quarter net income of $39 million, or $0.17 per diluted share, on net sales of $1.8 billion. By comparison, prior year first quarter net income was $48 million, or $0.21 per diluted share, on ...
Tags: Steel Dynamics, Midwest steel
The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
Following the relative improvement of real steel consumption in the second half of 2013, estimates for consumption in the first quarter of 2014 indicate that the recovery in final demand gained further strength, according to the Economic ...
Tags: Steel, Metallurgy, Mineral
Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...
Tags: Iron Ore, iron ore demand