Latest Steel news
METALS MORNING VIEW 19/02: Metals prices little moved at start of week
Mon, 19 Feb 2018 09:24:00 GMT
The metals complex on the London Metal Exchange is down an average of 0.1%, with the exceptions of aluminium that is off 0.6% ($2,186 per tonne) and nickel that is up 0.8% ($13,775 per tonne). Copper prices are off 0.1% at $7,177 per tonne.
Shareholder tussle for control of Nornickel re-surfaces, high court hearing set for March
Mon, 19 Feb 2018 08:52:00 GMT
A London high court hearing involving the tussle for control over Nornickel by Rusal and Nornickel's president Vladimir Potanin has been set for March 5, according to a statement from Rusal on Monday February 19.
EUROPEAN MORNING BRIEF 19/02: China says 232 findings 'baseless'; US aluminium scrap prices; Global steel billet prices
Mon, 19 Feb 2018 04:26:00 GMT
Good morning from Metal Bulletin’s office in Singapore as we bring you the latest news and pricing stories on Monday February 19.
China says US Section 232 findings ‘baseless’, warns of ‘necessary measures to safeguard rights’
Mon, 19 Feb 2018 02:53:00 GMT
China’s Ministry of Commerce (MOC) has called the findings of the United States’ Section 232 investigations “baseless” and warned that it will take “necessary measures to safeguard its rights” should the final decision on aluminium and steel import tariffs affect China’s interests.
Nexa Resources posts strong Q4 earnings on higher zinc, copper and lead prices
Fri, 16 Feb 2018 21:59:00 GMT
Nexa Resources, formerly Votorantim Metais, reported a strong earnings increase in the fourth quarter of 2017, mostly due to higher zinc, copper and lead prices.
Aço Brasil sending delegation to seek exemption from US 232 investigation
Fri, 16 Feb 2018 21:40:00 GMT
The Brazilian steel institute, Aço Brasil, will make a second trip to the United States to demand that the country be excluded from any measures related to the US Section 232 investigation into steel imports.
STEEL WEEK IN BRIEF: US recommendations on Section 232, Chinese new year holiday, Vale's Q4 output data...
Fri, 16 Feb 2018 19:40:00 GMT
Metal Bulletin reviews the major stories that have affected the steel market over the past week.
Primetals Technologies selects Iijima to take over in April
Fri, 16 Feb 2018 18:44:00 GMT
Metals industry equipment supplier Primetals Technologies has appointed Satoru Iijima its chief executive officer and board chairman, to take office on April 1 this year, it said on Friday February 16.
Liberty House restarts 800,000-tpy EAF at UK speciality steels unit
Fri, 16 Feb 2018 18:20:00 GMT
International metals group Liberty House has officially restarted the second of two electric-arc furnaces (EAFs) at its special steel mill in Rotherham, northern England, it said on Friday February 16.
NEWSBREAK: US Commerce dept recommends aluminium import tariffs
Fri, 16 Feb 2018 17:42:00 GMT
US Secretary of Commerce Wilbur Ross has recommended a series of import tariffs, in addition to existing duties in place, after compiling a report on the industry.
NON-FERROUS WEEK IN BRIEF: Zinc climbs to multi-year high; appreciating rand drives manganese ore, ferro-chrome prices higher; traders’ worries mount over Reach status after Brexit
Fri, 16 Feb 2018 17:35:00 GMT
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.
Vale’s Q4 nickel output down as company looks to optimize margins
Fri, 16 Feb 2018 17:31:00 GMT
Brazilian miner Vale reported lower nickel production in the fourth quarter of 2017, mainly due to a decline in output from its Canadian and Indonesian operations.
Vale reports drop in copper production, sales volumes in Q4
Fri, 16 Feb 2018 17:27:00 GMT
Vale’s finished copper production declined 6% year on year in the fourth quarter of 2017 due to lower output from its Canadian operations, the diversified miner said on Friday February 16.
FOCUS: Multi-year high zinc ‘on fire with no sign of stopping’ - sources
Fri, 16 Feb 2018 15:58:00 GMT
Zinc prices on the London Metal Exchange have climbed 23.6% over the last 12 months with the galvanizing metal firmly in a bull market and continuing to set fresh multi-year highs.
Vale's Q4 met coal output up 23.9% in 2017
Fri, 16 Feb 2018 15:50:00 GMT
Vale's fourth-quarter metallurgical coal output increased by 23.90% in 2017, the company said on Friday February 16.
LIVE FUTURES REPORT 16/02: Comex copper hits 1-mth high in closing session
Fri, 16 Feb 2018 15:45:00 GMT
Comex copper prices were trading at their highest point since mid-January on Friday February 16 morning in the US, with solid US data offsetting a rising dollar.
Vale's Q4 pellet output hits record on higher productivity, sales up
Fri, 16 Feb 2018 13:20:00 GMT
Vale set a quarterly record for iron ore pellet production in October-December 2017 because it achieved higher productivity, the Brazilian miner said on Friday February 16.
Vale's Q4 iron ore output up, sales down on 'margin optimization'
Fri, 16 Feb 2018 13:10:00 GMT
Iron ore output by Vale increased by 1% year-on-year in the fourth quarter of 2017, the Brazilian miner announced on Friday February 16.
Recylex 2017 revenues up 18% on metal price gains; plans new reduction furnace
Fri, 16 Feb 2018 11:50:00 GMT
Lead recycler Recylex’s 2017 revenue rose almost one-fifth to €450.3 million ($564.1 million) from a year ago due to soaring lead and zinc prices.
LIVE FUTURES REPORT 16/02: LME base metals steady near multi-high year levels; cancelations swing ali spreads into backwardation
Fri, 16 Feb 2018 10:35:00 GMT
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday February 16 with prices holding firm near fresh 2018 high levels.
Russia's Tula-Steel to deliver 200,000 tonnes of long steel in 2018 despite delayed start-up
Fri, 16 Feb 2018 10:28:00 GMT
Russia's Industrial Metallurgical Holding (IMH) plans to add around 200,000 tonnes of long steel to the domestic and export market this year, despite a delayed start-up at its Tula-Steel subsidiary.
METALS MORNING VIEW 16/02: Zinc, nickel prices leading the metals complex high
Fri, 16 Feb 2018 09:20:00 GMT
Metals prices on the London Metal Exchange are up across the board this morning, Friday February 16, by an average of 0.4%, while trading activity has been light due to the Lunar New Year holiday.
ASIAN MORNING BRIEF 16/02: Aluminium defies upward trend in base metals; copper TCs/RCs slip in first half of February; China’s zinc output forecast to rise, demand to fall
Fri, 16 Feb 2018 00:05:00 GMT
The latest news and price moves to start the Asian day on Friday February 16.
Net profit at Shougang Hierro Perú doubles in 2017 on higher iron ore prices
Thu, 15 Feb 2018 20:48:00 GMT
Peruvian iron ore producer Shougang Hierro Perú nearly doubled its net profit in 2017 on an annual basis, driven by higher sales prices.
LIVE FUTURES REPORT 15/02: LME base metals prices stick at high levels; ali falls on more stock increases
Thu, 15 Feb 2018 17:31:00 GMT
Base metals prices on the London Metal Exchange were mostly higher at the close on Thursday February 15, with only aluminium prices falling.
Gerdau's Siderperú reports $10.4mln net profit in Q4
Thu, 15 Feb 2018 16:38:00 GMT
Gerdau’s Peruvian subsidiary, Siderperú, reported net profit of 34 million nuevos soles ($10.37 million) in the fourth quarter of 2017, up from 8 million nuevos soles a year earlier.
LIVE FUTURES REPORT 15/02: Comex copper contract in consolidation mode
Thu, 15 Feb 2018 15:20:00 GMT
Comex copper prices failed to maintain momentum in morning trading on Thursday February 15 after hitting a multi-week high earlier in the week, with the complex now in consolidation mode.
Global crude stainless steel production forecast to reach 52.1mln tonnes in 2018
Thu, 15 Feb 2018 13:32:00 GMT
Global crude stainless steel production is forecast to grow by around 4% year-on-year to 52.10 million tonnes in 2018, according to metals market research company SMR.
Gerdau to sell Brazilian power units to Kinross for $255 mln
Thu, 15 Feb 2018 13:12:00 GMT
Gerdau has entered into a deal with Kinross Brasil Mineração to sell its two hydroelectric plants in Brazil’s mid-western Goiás state for 835 million Reais ($255 million), as a further step in its strategy to focus on profitable steel assets, it said late on Wednesday February 14.
Capstone sells Canadian Minto mine for $37mln; eyes long-term growth opportunities
Thu, 15 Feb 2018 11:44:00 GMT
Canadian copper producer Capstone has sold its Minto mine for $37.5 million to mining company Pembridge Resources, it said on Wednesday February 14.