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steelmaker

Dalian iron ore edges up on rising demand hopes

MANILA: Dalian iron ore futures edged up on Monday, extending gains to a fourth consecutive session, as hopes of...

Published 21 Feb, 2023 05:57am

Markets

Steel maker SSAB profit hits record, but outlook uncertain

STOCKHOLM: Swedish steel maker SSAB reported a bigger-than-expected jump in quarterly earnings on Friday on strong...

Published 23 Jul, 2022 04:10am

Markets

Tata Steel buys coal from Russia weeks after vowing to cut ties

NEW DELHI: India's top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of...

Updated 20 Jun, 2022 09:48pm

Markets

Ukraine’s top steelmaker says it will never work under Russian occupation

MARIUPOL: Ukraine’s biggest steelmaker Metinvest said on Friday its enterprises would never operate under Russian...

Published 16 Apr, 2022 04:10am

World

Ukraine’s top steelmaker says it will never work under Russian occupation

Ukraine’s biggest steelmaker Metinvest said on Friday its enterprises would never operate under Russian occupation...

Published 15 Apr, 2022 06:45pm

Markets

Chinese steel ingredients fall as regulator extends environmental curbs

BEIJING: Futures prices for China’s steelmaking raw materials faltered on Friday, with the benchmark iron ore...

Published 19 Sep, 2021 03:56am

Markets

Top steelmaker China Baowu plans 50bn yuan carbon fund

BEIJING: The world’s biggest steel producer China Baowu Steel Group has signed an agreement with partners on...

Published 16 Jul, 2021 04:34am

BR Research

Long Steel: Glass half full or glass half empty?

One of the most-oft quoted statistic in the context of steel consumption in Pakistan is that the country consumes...

Published 28 May, 2021 07:30am

Business & Finance

Robust demand, supply curbs lift China steel prices to record highs

Shanghai rebar scales highest since 2011.
Hot-rolled coil hits strongest since 2014.
Dalian, SGX iron ore benchmarks slip.

Updated 06 Apr, 2021 07:30pm

Markets

Salzgitter says steel demand, sentiment, has improved markedly

"Sentiment has improved considerably," Heinz Joerg Fuhrmann, who will step down at the end of June after 10 years at the helm, told journalists late on Tuesday. "Demand has stabilised significantly."
Salzgitter, which competes with larger peer Thyssenkrupp in Germany, recently raised its outlook for 2021 and expects pre-tax profit of 150 million to 200 million euros ($182-$243 million).

Published 24 Feb, 2021 08:15pm

Business & Finance

Nippon Steel to shut Kashima blast furnace, Nikkei reports

Along with other planned shutdowns, Nippon Steel's domestic production capacity will fall by about 20% when the Kashima furnace is shut, the Nikkei said.
The world's third-largest steelmaker said in February last year that it would permanently shut nearly 10% of its production capacity because of falling demand at home and competition from China.

Published 18 Feb, 2021 07:07pm

Business & Finance

Brazilian steelmaker Usiminas raised prices by 40pc to automotive clients

The company will resume operations of its Ipatinga furnace by June, one of the executives said.
The company will use its cash flow first to finance capital expenditures and also to reduce debt.

Published 12 Feb, 2021 09:36pm

Business & Finance

Thyssenkrupp CEO says Liberty Steel bid needs clarification

Liberty Steel submitted firmed-up bid on Jan. 25.
Thyssenkrupp to take decision on sale in March.
Alternatives include a spin-off or keeping division.
Thyssenkrupp shares up 2.7%.

Published 01 Feb, 2021 07:23pm

Business & Finance

South Korea POSCO's 2020 profit falls 38pc on-year due to sluggish steel demand

The world's fifth-biggest steelmaker released its full-year 2020 numbers in a filing, without giving a breakdown of its October-December figures.
The steelmaker's fourth-quarter consolidated profit was 863 billion won ($969.66 trillion) versus an average estimate for an 850 billion won profit from 15 analysts

Published 28 Jan, 2021 06:30pm

Business & Finance

Britain's Liberty Steel firms up offer for Thyssenkrupp steel unit

Liberty Steel hands in "firmed-up bid".
Remains convinced that combination is "right answer".
Deal could create 200-300 mln eur in synergies-analysts.

Published 25 Jan, 2021 08:53pm

Business & Finance

Tokyo Steel to keep product prices steady in February

The company raised prices by 11% to 16% for all its steel products, including main H-shaped beams, for the month of January.

Published 18 Jan, 2021 10:33am

Business & Finance

Shagang Group to consider bringing in strategic investors to Global Switch

Jiangsu Shagang Group, the listed arm of Shagang Group, said in an announcement via an interactive platform run by the Shenzhen Stock Exchange on Wednesday.
Besides being involved in the company's reorganisation, our controlling shareholder Shagang Group currently has no plans to sell (its) entire stake in Global Switch.

Published 06 Jan, 2021 05:24pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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