*China plans 6-8 big iron ore miners to rely less on imports. SHANGHAI, April 16- China's bid to slash its dependence on foreign iron ore miners by creating its own mega producers risks running aground before it starts due to high costs and poor quality of ore.» Read More
Stephen Hogan, Senior Advisor at Novus Capital says BlueScope Steel's joint venture with Nippon Steel isn't a big enough driver for him to recommend investors buy into the company.
Paul O'Malley, CEO of BlueScope Steel discusses the outlook for the steel maker, and how it is turning around the business in continued tough operating conditions.
"I think there definitely remains a challenge in the steel industry, structurally there is over supply and there are certainly questions about the demand side of things, whether demand has actually worsened, well I think we have seen it weaken in the second quarter," Jeff Largey, head of metals and mining research at Macquarie Group, told CNBC.
Ivan Szpakowski, Metals Analyst at Credit Suisse says the big drop in Chinese steel prices recently is due slowing growth. The capacity is now more over pronounced because of lesser demand for steel.
The FMHR traders reveal their top three trades and Brian Yu, analyst at Citi, discusses whether coal and steel stocks can make a comeback.
Warren Gilman, Chairman & CEO, CEF Holdings says that even though China isn't seeing a hard landing, it is slowing faster than authorities in Beijing had anticipated.
Officials in California fell victim to a mindset that says China is automatically cheaper, says one analyst. “We shot ourselves in the foot,” she says. “We never even took seriously the domestic bid.”
Andrew Dale, Head of Resources Research, Asia, Macquarie Securities, shares his strategy for investing in China's cement and steel sector following a state media report that the world's second biggest economy would fast-track infrastructure spending to boost growth.
Mike Harrowell, Senior Resources Analyst, BBY says while the U.S. economy is recovering quite nicely, the absence of further stimulus could be problematic for the commodities market.
Construction is starting to show signs of life and Sam Dubinsky, Wells Fargo senior analyst, suggests looking for a steel recovery in 2013.
As China’s construction boom slows, steel mills across the country are scrambling to find ways to bolster profits, and one has hit on an unusual strategy: raising pigs. The FT reports.
China has deliberately tried to slow things down over the last 12 months in order to get inflation under control, says Brian Jackson, RBC Hong Kong senior emerging markets strategist.
Why Richard Garchitorena, Credit Suisse, lowered his estimates on AK Steel and can that near-term weakness really be a buying opportunity.
Indonesian Trade Minister Gita Wirjawan told CNBC on Tuesday that Southeast Asia's largest economy was not adopting protectionist policies and was only following in the footsteps of other developed countries.
China's coking coal imports can rise even as steel demand slows, says Andrew Driscoll, Head of Resources Research at CLSA.
BlueScope Steel, Australia's largest steelmaker, posted a net loss before restructuring charges in line with market forecasts as it overhauled its Australian business, and slashed hefty debt levels and said its second-half loss should be smaller.
India's Tata Steel, the world's No.7 steelmaker, posted an unexpected quarterly loss, its first in more than two years, as higher raw material costs and weak demand in Europe hurt margins.
China’s steelmakers will see a rebound this year thanks to weakening iron ore prices and potential policy easing in the property sector, Helen Lau, senior analyst metals and mining at UOB Kay Hian in Hong Kong, told CNBC on Wednesday.
China's steelmakers have racked up $400 billion in debt, which some may struggle to repay, making them a potential drag on a banking sector already facing rising bad loans from the property sector and local governments.
America’s infrastructure can and should be built with American steel. That is why current Buy America provisions are so important, and why efforts to circumvent these provisions, such as California used in the Bay Bridge project, need to be stopped.