Ferrous Metals News
Page 1

Date: Search:
FREE: Subscribe to Ferrous Metals News daily or weekly newsletters – receive Ferrous Metals News alerts by e-mail
Sponsored Links ► 

Ferrous Metals ►  Iron & Steel, Stainless Steel, Carbon Steel, Alloy Steel
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 
  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 
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 
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 
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 
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 
  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 
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 
  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 
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 
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 
  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 
  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 
  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 
  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 
  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 
  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 
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 
  CR steel export prices remain stable
Chinese cold steel coil’s export prices remains stable although domestic market prices are soft... more