The Indian steel industry is going through a rough patch and there seems a solid case for a package of policy measures to put it on an even keel. The capital-intensive steel sector faces tepid demand and intense …
‘To say that iron ore prices could fall to Armageddon levels is really saying the world doesn’t need an iron ore industry,’ Fortescue chairman Andrew Forrest told reporters in Sydney on Thursday. ‘That’s about as extraordinary as saying …
Dakota Financial NewsNucor is still exposed to weak steel market fundamentals. Excess capacity, surging imports, weak pricing and the sluggish European economy are expected to continue weighing on the company’s performance. However, Nucor is seeing strength across end …
The Tubular Products division produces and sells seamless and electric resistance welded (ERW) steel casing and tubing (commonly known as oil country tubular goods or OCTGs), standard and line pipe, and mechanical tubing. These goods are primarily …
Nippon Steel & Sumitomo Metal Corp, Japan’s top steelmaker, plans to cut crude steel output in the July-September quarter by 690,000 tonnes or 6 percent from a year earlier as it struggles to bring down inventories. The drop …
Schnitzer Steel Industries (NASDAQ:SCHN) announced a quarterly dividend on Thursday, July 30th, MarketBeat reports. Investors of record on Monday, August 10th will be paid a dividend of 0.1875 per share on Monday, August 24th. This represents a $0.75 …
The analyst added that shirking imports, coupled with stable demand, could push steel prices higher through the end of the year. Analyst Michael Gambardella upgraded the rating on AK Steel Holding Corporation (NYSE: AKS) from Neutral to Overweight, …
Volume in CME iron ore futures triples in H1. * Funds lured by incentive fee cuts, lower margins. * Singapore, Dalian exchanges still dominant. By Maytaal Angel and Eric Onstad. LONDON, July 30 (Reuters) – Rising volumes in …
Brazil’s Vale, the world’s largest iron ore producer, has bounced back in the second quarter of this year to report net profit of $1.68bn, up 17.3 per cent from a year earlier, helped by higher production and cost …
OctaFinance.com – Money Flow IndexCommercial Metals Company together with its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network, including steel mini mills, steel fabrication and processing plants, construction …