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Nippon Steel Profit Surges as Yen, Spending Help Steelmakers

2014-05-09 09:20:56| Steel - Topix.net

Nippon Steel & Sumitomo Metal Corp. 's profit surged 82 percent in the fourth quarter, the latest example of how Japanese Prime Minister Shinzo Abe's stimulus policies are boosting the steel industry .

Tags: profit steel spending yen

 

Rising imports could spoil party for Japanese steelmakers

2014-03-06 16:08:43| Steel - Topix.net

A spike in Japan's steel imports threatens to arrest a nascent recovery in domestic prices of the alloy and crimp profits at the nation's steelmakers, while offering other Asian producers opportunities to unload their surplus output.

Tags: party japanese rising imports

 
 

Harsco Corp. lands 2 contracts with steelmakers in China totaling $200 million

2014-01-23 16:14:15| Steel - Topix.net

Lemoyne-based Harsco Corp. announced today two multi-year contract wins in China totaling close to $200 million in projected revenues.

Tags: china million corp contracts

 

ThyssenKrupp Said to Talk With 2 Steelmakers on U.S. Mill

2013-11-20 00:59:53| Steel - Topix.net

ThyssenKrupp AG is in talks to sell its Alabama plant to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. , who have teamed up in a joint bid, according to two people familiar with the matter.

Tags: us talk mill thyssenkrupp

 

Brazil's Steelmakers Advance; HSBC Upgrades Gerdau To Buy

2013-08-19 18:01:29| Steel - Topix.net

Behaving nothing like Ibovespa Brasil Sao Paulo Stock Exchange Index - down 0.7% at the time of this post - Brazilian steelmakers are making advances today, benefiting from the depreciation of Brazilian real , which lost 4% of its value last week.

Tags: buy advance upgrades hsbc

 

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