Trends - Steel production - Business Recorder

Steel production

FBR set to put more curbs on FATA/ PATA steel sector

ISLAMABAD: Federal Board of Revenue (FBR) is reportedly working on a new policy to restrict the import of raw...

Updated 03 Dec, 2024 09:23am

BR Research

No recovery in sight

Three months into the fiscal year and there doesn’t seem to be any recovery in sight for the construction industry...

Updated 04 Oct, 2024 11:19am

Business & Finance

Minister urged to extend Winter Incentive Package to all industrial consumers

ISLAMABAD: Pakistan Association of Large Steel Producers (PALSP) has requested minister for Power to extend Winter...

Published 04 Nov, 2023 06:00am

Markets

Dalian iron ore rises as China’s steel hubs lift production curbs

BEIJING: Dalian iron ore futures extended gains for a second session on Thursday as market sentiment improved...

Published 03 Mar, 2023 07:44am

Markets

Chinese companies boost import of Australian coal

SINGAPORE: Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by...

Published 23 Feb, 2023 05:52am

Markets

Dalian, Singapore iron ores up

MANILA: Dalian and Singapore iron ore futures rose on Tuesday after China said it has seen the peak of COVID-19...

Published 11 Jan, 2023 05:53am

Markets

China steel futures ease

MANILA: Chinese steel futures fell on Wednesday after hitting two-week highs in the previous session, dragging down...

Published 15 Sep, 2022 07:05am

Markets

Tokyo Steel holds product prices unchanged in Feb

TOKYO: Tokyo Steel Manufacturing Co Ltd, Japan’s top electric-arc furnace steelmaker, said on Monday it will hold...

Published 18 Jan, 2022 04:20am

Markets

China aims to cut energy intensity for steel production

BEIJING: China aims to cut energy consumption of steel by 2%, and to lower carbon emissions in the aluminium sector...

Published 31 Dec, 2021 06:50am

BR Research

Steel: Breaking the bubble

Is it really demand? To be specific, is it really housing demand? Steel prices have been spiralling and many have...

Published 24 Dec, 2021 08:01am

Markets

China steel prices hit one-week highs on upbeat industrial output data

MANILA: Chinese steel futures jumped on Wednesday to their highest in a week, after data showed industrial output in...

Published 16 Dec, 2021 04:00am

Markets

China coking coal futures leap on demand optimism

BEIJING: Chinese coking coal futures surged more than 8% on Wednesday, boosted by improving sentiment in the ...

Published 25 Nov, 2021 03:53am

Markets

China ferrous futures drift lower

BEIJING/MANILA: Futures for Chinese ferrous raw materials tumbled on Monday, undermined by big drop in steel...

Published 16 Nov, 2021 04:26am

Markets

China coking coal futures track spot prices higher, jump over 14pc

BEIJING/MANILA: Chinese coking coal futures rose for the first time in six trading sessions on Wednesday, surging...

Published 04 Nov, 2021 04:32am

Markets

Iron ore prices soar on China pre-holiday buying

MANILA: Iron ore futures rose on Thursday to their highest levels in three weeks on hopes of a recovery in Chinese...

Published 01 Oct, 2021 04:07am

Markets

Dalian iron ore off 1-week high as supply outlook improves

MANILA: Dalian iron ore edged higher in a choppy Wednesday session, while the Singapore benchmark slumped 3%,...

Published 26 Aug, 2021 04:52am

Markets

Dalian ferrous raw materials dive on demand concerns

BEIJING: Chinese coking coal and coke futures fell to a one-month low on Thursday and iron ore prices tumbled more...

Published 09 Jul, 2021 04:25am

Business & Finance

Brazil steelmaker Gerdau reports $460mn profit on higher metal prices

While profit grew more than 10 fold due and revenue grew 77%, steel production fell 1% and steel sales grew only 15% to 3 million tonnes.
Gerdau said there were positive trends at its Brazil unit, with revenue more than doubling compared to a year ago and displacing the North America unit, which in the first quarter of 2020 was the company's largest by revenue.

Published 05 May, 2021 06:41pm

Markets

Asia Iron ore slips as China steel prices fall

MANILA: Asia’s iron ore benchmarks slipped on Friday as steel futures in Shanghai stretched their losses, but the...

Published 10 Apr, 2021 04:34am

Markets

Iron ore slips as China steel prices fall, but set for weekly gains

"The fundamentals are still positive for steel prices," Sinosteel Futures analysts said in a note, citing robust downstream domestic demand.

Published 09 Apr, 2021 11:19am

Business & Finance

Japan's 2020 crude steel output drops 16pc amid COVID-19 crisis

Steel production for the October to December quarter slid 7.0% from a year earlier to 21.99 million tonnes.
Output in December fell 3.3% year on year to 7.53 million tonnes, the tenth straight monthly decline, though it rose 3.6% from November.

Published 22 Jan, 2021 07:15pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	279.23
USD PKR Interbank Buying / Feb 6	279.03
USD to Japanese Yen / Feb 6	152.65
USD to Swiss Franc / Feb 6	0.90
Pound Sterling to USD / Feb 6	1.25
Euro to USD / Feb 6	1.04
UK LIBOR % / Feb 5	4.96

Stock	Volume
S&P 500 / Feb 5	6,049.46
Nasdaq / Feb 5	19,692.33
Dow Jones / Feb 5	44,873.22
India Sensex / Feb 6	78,158.10
Tokyo Nikkei / Feb 6	39,066.53
Hang Seng / Feb 6	20,891.62
FTSE 100 / Feb 6	8,693.63
Germany DAX 30 / Feb 6	21,705.71
France CAC40 / Feb 6	7,912.28

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 5	18,285
Gold 10 Grams PKR / Feb 5	252,314
Crude Oil USD/Barrel / Feb 6	71.31
Gold Spot USD/Ounce / Feb 6	2,854.03
Cotton US¢/pound / Feb 6	65.90
Petrol/Litre / Feb 7	257.13
Diesel/Litre / Feb 7	267.95

Gainers
Losers
Leaders

Stock	Price
Silk Bank Ltd / Feb 6 Silkbank Limited(SILK)	1.20 ▲ 0.17 (16.5%)
Bank Makramah / Feb 6 Bank Makramah Limited(BML)	4.17 ▲ 0.41 (10.9%)
Chashma / Feb 6 Chashma Sugar Mills Limited(CHAS)	90.72 ▲ 8.25 (10%)
Sanghar Sugar / Feb 6 Sanghar Sugar Mills Limited(SANSM)	49.39 ▲ 4.49 (10%)
Lalpir Power / Feb 6 Lalpir Power Limited(LPL)	27.95 ▲ 2.54 (10%)
First Tri-Star Mod. / Feb 6 First Tri-Star Modaraba(FTSM)	13.76 ▲ 1.25 (9.99%)
Saritow Spinning / Feb 6 Saritow Spinning Mills Limited(SSML)	21.69 ▲ 1.97 (9.99%)
Haseeb Waqas / Feb 6 Haseeb Waqas Sugar Mills Limited(HWQS)	12.45 ▲ 1.13 (9.98%)
National Silk / Feb 6 The National Silk & Rayon Mills Limited(NSRM)	40.81 ▲ 3.7 (9.97%)
Unicap Modaraba / Feb 6 Unicap Modaraba(UCAPM)	3.28 ▲ 0.29 (9.7%)

Stock	Price
Burj Clean Energy Modaraba / Feb 6 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9 ▼ -1 (-10%)
Tariq Corporation / Feb 6 Tariq Corporation Limited(TCORP)	18.01 ▼ -2 (-10%)
Intermarket Securities / Feb 6 Intermarket Securities Limited(IMS)	54.03 ▼ -6 (-10%)
Leather Up Ltd. / Feb 6 Leather Up Limited(LEUL)	39.18 ▼ -4.35 (-9.99%)
GOC (Pak) / Feb 6 GOC (Pak) Limited.(GOC)	60.31 ▼ -6.53 (-9.77%)
Next Capital / Feb 6 Next Capital Limited(NEXT)	8.90 ▼ -0.96 (-9.74%)
Suhail Jute / Feb 6 Suhail Jute Mills Limited(SUHJ)	81.02 ▼ -8.55 (-9.55%)
Reliance Weaving / Feb 6 Reliance Weaving Mills Limited(REWM)	131 ▼ -13.74 (-9.49%)
Gadoon Textile / Feb 6 Gadoon Textile Mills Limited(GADT)	270 ▼ -27.99 (-9.39%)
Shezan Inter. / Feb 6 Shezan International Limited(SHEZ)	123 ▼ -12.59 (-9.29%)

Stock	Volume
Silk Bank Ltd / Feb 6 Silkbank Limited(SILK)	119,509,368 ▲ 0.17
WorldCall Telecom / Feb 6 Worldcall Telecom Limited(WTL)	80,117,084 ▼ -0.05
Bank Makramah / Feb 6 Bank Makramah Limited(BML)	64,480,312 ▲ 0.41
Cnergyico PK / Feb 6 Cnergyico PK Limited(CNERGY)	21,090,416 ▼ -0.19
K-Electric Ltd. / Feb 6 K-Electric Limited(KEL)	20,621,518 ▼ -0.1
B.O.Punjab / Feb 6 The Bank of Punjab(BOP)	17,154,831 ▼ -0.24
National Bank / Feb 6 National Bank of Pakistan(NBP)	16,342,844 ▼ -3.33
Pak Refinery / Feb 6 Pakistan Refinery Limited(PRL)	14,915,543 ▼ -0.59
TRG Pak Ltd / Feb 6 TRG Pakistan Limited(TRG)	13,119,209 ▼ -0.25
Fauji Cement / Feb 6 Fauji Cement Company Limited(FCCL)	12,847,614 ▼ -1.11

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