This Chart Helps Explain Why Iron Ore Prices Are Rallying
With steel prices rising faster than input costs, Chinese steel mill margins have risen sharply over the past few months, providing an ideal scenario for mills to boost production levels, particularly during a period of strong domestic demand.
Tata Steel Nearing Divorce From Pension
Tata Steel is reportedly close to finalizing a deal that would cut loose its £15 billion ($19.5 billion) British Steel Pension Scheme (BSPS), a requirement for its proposed merger with German industrial group Thyssenkrupp’s European steel business.
Limits Proposed On Foreign Steel Investment
The Vietnam Steel Association (VSA) has proposed a limit be placed on foreign investment in steel projects making products that domestic enterprises are able to produce.
Russian Investor, Others Show Interest In Concession Of Ajaokuta Steel Plant
Federal Government on Wednesday confirmed receipt of over 10 unsolicited expression of interest from Russian and other international and local investors for the concession of Ajaokuta Steel complex, Kogi state. Official of Federal Ministry of Mines and Steel Development who disclosed this at the House of Representatives during a public hearing held at the instance of the […]
JSW Steel Scouts For US Deals After Failed Ilva Bid
JSW Steel looking at acquisition targets in the US to expand its presence in a sector thatâs been boosted by Trumpâs pledge to rebuild infrastructure and focus on local manufacturing
Iron Ore Export Slumps With Fall In Global Prices
Iron ore exports from India were down 53 percent in the past two months as China, a major consumer, took better quality ore from Australia to feed its integrated steel plants, taking advantage of a slump in global prices.
ArcelorMittal Wins Bid To Buy Italy’s Ilva Steel Plant
<span class="highlight">ArcelorMittal</span>, the world’s biggest steelmaker, and Italian industrial group Marcegaglia have won a bid to buy the troubled Ilva steel plant in southern Italy, a source with knowledge of the matter said on Friday.
ArcelorMittal Consortium Wins Bid To Buy Italy's Ilva Steel Plant
ArcelorMittal bid over a rival one from a group including India's JSW Steel
Influential Emerging Market Investor Is Iron Ore Price Bull
By analyst By Frik Els With Chinese and US traders on a break, the iron ore market took a breather on Monday after wild price swings saw the steelmaking raw material fall to a more than seven-month low on Friday. The Northern China import price of 62% Fe content ore is down 15% for in May trading at $57.80 per dry metric tonne, the lowest since mid-October according to data supplied by The Steel Index. “There may be a slowdown in demand from the housing sector but the infrastructure sector will still be sustained” Benchmark prices are down a whopping...
Tata Steel Steers Closer To Thyssenkrupp Merger Deal
The Indian steel behemoth has offered to provide 550m to the British Steel Pension Scheme.