GO
Loading...

Enter multiple symbols separated by commas

Steel Producers

More

  • HOUSTON, June 26- Unionized workers at Exxon Mobil Corp's Beaumont, Texas, refinery agreed to an unusually long six-year contract on Thursday night, which sources say the company pushed to assure no work stoppages during a contemplated multibillion-dollar expansion. Members of United Steelworkers union Local 13 -243 voted by secret ballot on the contract...

  • "We now see little prospect of a sustainable nickel price or stainless stocking upturn ahead of the July/August holiday period," Citi said. But it is also symptomatic of a reassessment of the bullish supply story that has been bubbling away in the nickel market since Indonesia banned nickel ore exports at the start of 2014, at a stroke cutting the raw materials...

  • June 22- Steel Dynamics Inc forecast a drop in second-quarter adjusted profit, citing a fall in average selling prices due to steel imports staying higher than anticipated. The steelmaker said it expected adjusted earnings of 20- 24 cents per share for the current quarter, significantly less than the 31 cents per share it earned in the same period a year ago.

  • Steel Dynamics forecasts fall in quarterly profit Monday, 22 Jun 2015 | 7:53 AM ET

    The steelmaker said it expected adjusted earnings of 20- 24 cents per share for the current quarter, significantly less than the 31 cents per share it earned in the same period a year ago.

  • TOKYO, June 22- The Bank of Japan said it expects factory output to fall for the first time in three quarters in April-June on weak Asian demand, underscoring the fragile nature of the economic recovery. Industrial production rose 1.5 percent in January-March from the previous quarter, helping the world's third largest economy expand much faster than expected.

  • *Copenhagen stocks rise after Denmark election result. LONDON, June 19- European shares gained ground on Friday, boosted by a rise in French telecom stocks and at steelmaker Thyssenkrupp, although persistent concerns over Greece kept a lid on the overall progress. Thyssenkrupp also advanced 2.7 percent after Citigroup upgraded its rating on the stock to "buy"...

  • European shares advance, Greek concerns linger Friday, 19 Jun 2015 | 3:15 AM ET

    LONDON, June 19- European shares rose in early trading on Friday, buoyed by gains overnight in Wall Street and at steelmaker Thyssenkrupp, although persistent concerns over Greece kept a lid on the overall progress. Thyssenkrupp climbed 1.5 percent after Citigroup upgraded its rating on the stock to "buy" from "neutral". Richard Griffiths, associate director at...

  • MELBOURNE, June 19- London copper eased on Friday and was on track for a fifth weekly fall, with a seasonal ebb in Chinese demand expected to keep eroding prices. *The most-traded copper contract on the Shanghai Futures Exchange was flat at 41,910 yuan a tonne. *The United States said on Thursday it would not "paper over" differences between the United States and China...

  • June 18- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, forecast a fall in quarterly profit as cheaper steel imports continue to weigh on average selling prices of the metal. Imports accounted for about 32 percent of the finished steel market in the first five months of 2015, compared with about 26 percent in the same period last year, Nucor said on...

  • Nucor forecasts fall in quarterly profit Thursday, 18 Jun 2015 | 9:21 AM ET

    June 18- Nucor Corp, the No. 1 U.S. steelmaker by market capitalization, forecast a fall in quarterly profit, citing a drop in selling prices. The company said it expects earnings of 20- 25 cents per share for the current quarter. The company earned 46 cents per share for the second quarter last year.

  • SHANGHAI/ SINGAPORE, June 18- Some Chinese steelmakers are selling their output abroad at a loss, according to traders and a producer, as a group of global industry bodies urged governments to take action over rising shipments from China. China exports around 10 percent of its annual steel output from hundreds of steelmakers and it was unclear the quantity of...

  • LAUNCESTON, Australia, June 17- Something has to give in the Chinese steel sector, given the disconnect between record low steel prices and a recent strong rally in iron ore. While Dalian Commodity Exchange iron ore futures did drop on Tuesday, falling 1.4 percent to end at 442.5 yuan a tonne, the contract rallied 21 percent between its record low on April 10 this...

  • WILMINGTON, Del, June 15- The U.S. Supreme Court ruled on Monday that bankruptcy attorneys must bear the expense of defending their fees, which could make it harder for lawyers to get paid for their often-costly Chapter 11 work. Baker Botts was eventually awarded $117 million for its work, which was considered particularly successful because creditors were...

  • SHANGHAI, June 15- China stocks fell sharply on Monday, hit by a run of bad news over the weekend, including fresh tightening of margin financing and signs of stepped-up IPO issuance. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 2.1 percent, to 5,221.17, while the Shanghai Composite Index lost 2.0 percent, to 5,062.99 points.

  • China May steel output down 1.7 pct yr/yr -stats bureau Thursday, 11 Jun 2015 | 1:46 AM ET

    SHANGHAI, June 11- China's crude steel output fell 1.7 pct to 69.95 million tonnes in May from a year earlier, data from the National Statistical Bureau showed on Thursday.

  • SINGAPORE, June 10- Iron ore held at its highest level in nearly four months on Wednesday as stocks at China's ports dropped for the eighth consecutive week, helping entrench a recent recovery in prices. Futures of the steel-making commodity in Singapore and China jumped on Wednesday, with iron ore in Dalian hitting its highest since March.

  • MOSCOW, June 8- Russian steel producer MMK said on Monday first quarter revenue had fallen 19.6 percent year-on-year to $1.5 billion largely because of the rouble devaluation, and that net profit reached $196 million. The company, controlled by businessman Viktor Rashnikov, said its EBIDTA- earnings before interest, taxation, depreciation and amortisation-...

  • *Trade surplus $59.49 bln, vs f'cast $44.95 bln. BEIJING, June 8- A bigger-than-expected slide in China's imports in May strengthened expectations more policy stimulus may be needed to avert a sharp slowdown in the world's second-largest economy. We expect trade conditions to continue to be sluggish in the following 4-5 months, with more government policy...

  • NEW DELHI, June 6- India's finance ministry has imposed anti-dumping duties ranging from $180 to $316 per tonne for some industrial-grade stainless steel imported from China, Malaysia and South Korea in a bid to stem surging imports and protect the domestic industry. India consumes about 1 million tonne of this type of stainless steel and more than 40 percent...

  • LONDON, June 5- Markets do not move in straight lines. IO62-CNI= SI> fell relentlessly over the second half of 2014 and first quarter of 2015 to hit a low of $46.70 per tonne at the end of April. It has since bounced back to a current $63.50, lifting some of the pervasive gloom that had enveloped the industry and causing at least some analysts to rein in their previous...