Steel industry news - economics - prices costs capex.

Steel beams prices in Europe widen up, scrap feedstock costs ...
europe market scrap
Fri, 21 Feb 2025 00:00:00 GMT
Steel beams prices in Europe widened upward in the month to Wednesday February 19, following an...


Rio Tinto: Strong operating performance underpins financial results
iron ore results rio
Thu, 20 Feb 2025 00:00:00 GMT
LONDON--(BUSINESS WIRE)-- Rio Tinto (LSE:RIO) (ASX:RIO): Resilient financials with underlying EBITDA of $23.3 billion, despite 11% lower iron ore price*. Higher net cash generated from operating activities of $15.6 billion, driven by portfolio mix and effective working capital management. Profit after tax attributable to owners of Rio Tinto (referred to as net earnings throughout


Mitsui to buy $5.3 billion stake in Rio Tinto iron ore project
iron ore japan production rio
Thu, 20 Feb 2025 00:00:00 GMT
Japanese trading house Mitsui & Co 8031 said on Wednesday it would acquire a 40% stake in the Rio Tinto-operated RIO, RIO Rhodes Ridge iron ore project in Western Australia for $5.34 billion, to strengthen its long-term earnings base. The deal, marking Mitsuis largest investment ever is a result of long-term efforts to expand its production volume of iron ore, a key growth driver, CEO Kenichi Hori said. Rhodes Ridge is one of the worlds largest undeveloped deposits of the key


European HRC price recovery continues, mills push for further ...
europe market steel
Thu, 20 Feb 2025 00:00:00 GMT
European steel hot-rolled coil prices continued to rise on Wednesday February 19, despite the...


Singapore iron ore rises on cyclone-led supply disruptions in ...
iron ore market singapore
Sat, 15 Feb 2025 00:00:00 GMT
Singapore iron ore futures prices rose on Friday and were on track for a weekly gain, supported by heightened concerns over cyclone-led supply disruptions in major producer Australia. The benchmark March iron ore (SZZFH5) on the Singapore Exchange was up 0.46% at $106.95 a metric ton, as of 0738 GMT, posting a weekly gain of 0.6%. The contract hit a four-month high at $108.8 a ton earlier in the session. Australias iron ore export hub, the worlds largest, braced on Friday for a powerful


United States Steel Vs Nucor Stock: Which is the Better Investment ...
production steel usa uss
Fri, 14 Feb 2025 00:00:00 GMT
Seeing as steel production is likely to increase in the U.S., it may be a worthy topic of which stock is the better investment at the moment between United States Steel (X) and Nucor


Government approves Rs 10,300 cr equity infusion for RINL
india rinl steel
Wed, 12 Feb 2025 00:00:00 GMT
The government has approved a 10,300 crore equity infusion in Rashtriya Ispat Nigam Limited (RINL), conditional on increasing its capacity utilization from 63% to 92.5% by Q3 of the next fiscal year, according to Steel Minister Bhupathiraju Srinivasa Varma. This is part of a 11,440 crore revival plan approved by the Cabinet Committee on Economic


POSCO Future M Announces 2024 Financial Results
korea posco results
Mon, 10 Feb 2025 00:00:00 GMT
POSCO Future M Announces 2024 Financial Results


Vedanta shares tumble 7% as US dollar hits record peak
india results steel vedanta
Thu, 06 Feb 2025 00:00:00 GMT
STEEL AUTHORITY OF INDIA LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2025 ,inter alia, to consider and approve Unaudited Financial Results of SAIL for the Quarter and Nine Months ended 31st December,


ArcelorMittal South Africa Faces Severe Financial Crisis and ...
arcelormittal south africa steel
Tue, 04 Feb 2025 15:15:00 GMT
ArcelorMittal South Africa (AMSA) is bracing for substantial financial losses in its 2024 fiscal year as the domestic steel industry


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