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| Ferrous Metals | ► | Iron & Steel, Stainless Steel, Carbon Steel, Alloy Steel |
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| 15 Aug 2008 | Iron & Steel | ► | Fall in nickel may bring down steel prices by 7% Indian stainless steel makers including Jindal Stainless, Mukand Steel and Shah Alloys are looking at reducing prices by up to 5-7 per cent in the coming months in the wake of falling nickel prices... more ► |
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| NMDC gains 3% on iron ore pact with Rio Tinto Shares of NMDC rose as much as 3 per cent after the firm said it will sign a memorandum of understanding with global miner, Rio Tinto on August 18 to prospect for iron ore... more ► |
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| Stainless Steel | ► | POSCO says to cut stainless steel prices by 10% Posco, the world's No.4 steelmaker, said on Tuesday it would cut stainless steel prices by up to 10 percent, reversing two earlier price hikes this year, as prices of nickel, a key input in the... more ► |
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| Carbon Steel | ► | ArcelorMittal to invest US$1.6bn to expand long carbon steel operations The globe's largest steelmaker, Luxembourg-based ArcelorMittal, plans to invest US$1.6bn in its long carbon steel operations in Brazil to expand production capacity by 2.6Mt/y to 6.5Mt/y within 30... more ► |
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| Iron & Steel | ► | Vale's $5.5 billion record profit stuns analysts Vale, the world's biggest iron ore producer, is likely to rise in trading today after announcing a record second-quarter profit, up 22 per cent, beating analysts' forecasts... more ► |
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| 6 Aug 2008 | Stainless Steel | ► | Ferrochrome prices could hit fresh record in next 6 months Ferrochrome prices could beat the record $2,05/lb level reached for the third quarter of this year in the following six months, JSE-listed Merafe Resources said on Wednesday... more ► |
| Iron & Steel | ► | NYMEX to launch domestic hot rolled coil steel futures contract The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc., today announced that it plans to introduce a futures contract based on prevailing market prices for hot-rolled steel coil... more ► |
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| Iron ore price tipped to jump 20% Gindalbie Metals expects iron ore prices to rise by as much as 20 per cent next year followed by a smaller increase in 2010, and says demand for the bulk commodity will remain strong for the next... more ► |
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| 31 Jul 2008 | Global iron ore mine expansion plans The world's top iron ore miners supply about half of world demand each year. Annually set iron ore prices have risen as much as 500 percent since 2002 as suppliers struggle to keep up with... more ► |
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| China's steel industry faces supply glut in second half China faces a steel surplus in the second half of the year with production capacity continuing to grow and demand expected to drop, a senior industry official warned on Wednesday... more ► |
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| Stainless Steel | ► | Upturn in global stainless steel demand may not come until early 2009 Demand is traditionally weak at this time of year, especially in Europe, as the stainless steel industry’s major customers close down for their summer holidays. In 2008, that traditional dip in... more ► |
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| Iron & Steel | ► | Mittal bullish on steel industry as he brushes off economic fears Supply constraints and strong demand would put a firm floor under prices and profits for the steel industry until at least 2011, Lakshmi Mittal forecast yesterday... more ► |
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| Nippon Steel Q1 net profit drops, but hikes outlook Japan's biggest steelmaker, Nippon Steel Corp., reported on Thursday its first-quarter net profit fell 4.5 percent as surging costs of raw materials such as coke and ore hurt margins... more ► |
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| Anglo American steps up investment in new projects Kumba Iron Ore will invest R8.5bn in its new Sishen South iron ore mine as part of parent Anglo American’s surging capital expenditure programme... more ► |
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| Anglo American says first half profits rise Mining company Anglo American PLC said Thursday that first-half profit rose 27 percent on the back of high copper, platinum and coal prices... more ► |
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| Portman books record $137.1m half-year profit Perth-based Portman, Australia's third largest iron ore producer, has delivered record earnings for its half due to higher prices for the commodity... more ► |
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| Analyst predicts Mitsubishi bid for Murchison Japanese giant Mitsubishi Corporation could be the latest overseas predator to take control of an Australian mining company, an analyst says... more ► |
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| Evraz, MCC to develop Cape Lambert The new owner of the Cape Lambert iron ore project, China Metallurgical Group Corporation, will work with Russian steelmaker Evraz Group as part of a new development plan for the project... more ► |
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| 30 Jul 2008 | Global steel prices starting to plateau - autumn correction probable We are now seeing the beginning of the seasonal summer slowdown in demand in the US. In addition, those domestic producers heavily involved in the auto sector are finding it more difficult to fill... more ► |
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| CR steel export prices remain stable Chinese cold steel coil’s export prices remains stable although domestic market prices are soft... more ► |
