Steel industry news - economics - prices costs capex.

Iron ore at one-week high on softer dollar, pre-holiday stocking
iron ore production singapore
Wed, 20 Nov 2024 00:00:00 GMT
Iron ore futures rose for a second consecutive session to a one-week high on Tuesday, supported by a weaker dollar and the start of restocking by Chinese steelmakers to maintain production in January. The most-traded January iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended morning trade 3.05% higher at 776 yuan ($107.17) a metric ton. It hit the highest since Nov. 11 at 779.5 yuan a ton in the afternoon trading session. The benchmark December iron ore on the Singapore


Rio Tinto takes up full entitlements in ERA rights issue, moving ...
australia rio
Tue, 19 Nov 2024 00:00:00 GMT
MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto notes the announcement today by Energy Resources of Australia Ltd (ERA) in relation to the conclusion of its entitlement offer and shortfall bookbuild, which raised A$766.5 million (before costs) to fund planned rehabilitation activities of the Ranger Project Area. As a result of Rio Tinto taking up its pro rata entitlements in the


Iron ore flirts with key $100/T level on firm demand, China stimulus ...
iron ore market singapore
Tue, 19 Nov 2024 00:00:00 GMT
Prices of iron ore futures clawed up towards the psychological level of $100 a metric ton on Monday, underpinned by firm near-term demand and revived hopes of further economic stimulus from top consumer China. The benchmark December iron ore SZZFZ4 on the Singapore Exchange was up 2.78% at $99.4 a ton, as of 0700 GMT, after touching the intraday high at $100.3 a ton earlier the session. It fell by more than 5% last week. The most-traded January iron ore contract on Chinas Dalian Commodity


Stable market environment supports EU HRC prices
europe market
Tue, 19 Nov 2024 00:00:00 GMT
Domestic European hot-rolled coil prices held steady Nov. 18 as mills sought price consolidation...


Access to finance an issue for steel industry's net zero carbon ...
ghg steel
Tue, 19 Nov 2024 00:00:00 GMT
Access to finance remains an issue for the steel industrys net zero carbon target, so some...


Trump's return means tariffs and trade tensions
essar india politics steel
Thu, 14 Nov 2024 11:05:00 GMT
Steel buyers dont necessarily see prices changing greatly with the dawning of a second Donald Trump presidency. But a lot of questions remain


Olympic Steel acquires MetalWorks
metals
Mon, 11 Nov 2024 14:29:00 GMT
Cleveland-based metals service center Olympic Steel Inc. has announced its acquisition of MetalWorks.


Oleksandr Vodoviz: Ukrainian Metals Industry Requires Equal Conditions ...
metals metinvest russia
Mon, 11 Nov 2024 12:44:29 GMT
At the Kyiv International Economic Forum (KIEF) held in the city on 7 November, Oleksandr Vodoviz, head of the Chief Executive Officers Office of Metinvest Group, spoke about the challenges that the Ukrainian steel industry must overcome on its way to EU accession, as well as the risks and recommendations regarding this


LIBERTY Steel announces restructuring plan for its Speciality ...
gfg steel
Mon, 11 Nov 2024 00:00:00 GMT
LIBERTY Steel has today announced a transformative restructuring (restructuring plan) for its speciality steel business (SSUK) under Part 26A


Clock Ticks for Nippon Steel as its $15 Billion U.S. Steel Acquisition ...
steel usa uss
Fri, 08 Nov 2024 21:45:00 GMT
Japan's largest steelmaker, Nippon Steel Corporation is determined to finalize its $15 billion acquisition of United States Steel


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