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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 / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 23	248.38
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Diesel/Litre / Nov 23	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 23 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 23 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 23 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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