Rio ended down 3.3% after a Web site affiliated with China's state secrets bureau posted accusations that Rio illegally obtained information about China's steel sector for six years, which resulted in Chinese steelmakers being overcharged more than $100 billion for iron ore. ❋ Unknown (2009)
"We believe severe overcapacity and low self-sufficiency in iron-ore and coking coal could result in Chinese steelmakers facing a prolonged period of close to trough-cycle margins," brokerage Goldman Sachs said in a note on Tuesday after downgrading Angang Steel to a Sell from Neutral. ❋ Joanne Chiu (2012)
Concerns about a slowdown in Chinese economic growth continued to hurt shares of major China-linked firms such as steelmakers and shipbuilders. ❋ Unknown (2008)
The decline, which was the worst since a 13.6% fall in November 2003, came as companies such as steelmakers scaled back their orders after an investment spree in January, a Cabinet Office official said. ❋ Unknown (2008)
The companies together supply 20% of the iron ore consumed by Chinese steelmakers, meaning that a tie-up could lead to higher prices there. ❋ Unknown (2008)
Sluggishness in the Chinese market due to concerns about potential weakening economic growth after the Beijing Olympics continued to hurt shares of major China-linked firms such as steelmakers and shipbuilders. ❋ Unknown (2008)
Tokyo finished at a 15-month low as funds continued selling issues such as steelmakers and trading houses to square positions, and other investors awaited the first data showing U.S. holiday consumption levels. ❋ Unknown (2007)
An earlier-than-expected announcement Friday by the People's Bank of China, after Tokyo stocks trading closed, to raise the deposit reserve requirement ratio for Chinese financial institutions rattled overseas markets, hurting China-related stocks such as steelmakers and construction equipment manufacturers as investors worried the monetary tightening could curb economic growth. ❋ Unknown (2010)
But the market soon climbed back to the positive side, as investors snapped up heavily battered shares such as steelmakers and shipping firms. ❋ Unknown (2008)
After opening lower, the Nikkei average gained as much as 240 points at one stage, with heavily battered shares such as steelmakers and shipping firms drawing buybacks. ❋ Unknown (2008)
Carbon dioxide, the main greenhouse gas, is produced from burning fossil fuels to run industry and big emitters such as steelmakers are now rushing to improve energy efficiency as South Korea prepares to join a global move in tackling climate change. ❋ Unknown (2008)
A sharp increase in prices of iron ore and coking coal is eroding margins at Indian steelmakers, but growth in steel product sales is robust thanks to demand from automobile and consumer goods sectors. ❋ Anirban Chowdhury (2011)
SINGAPORE — Asian steelmakers reported shrinking margins in the fourth quarter of 2010 after a rise in raw-material costs, but the sector has largely recovered from the impact of the global financial crisis with most producers seeing solid gains last year. ❋ Denny Kurien (2011)
That is generally in line with the earnings reported by other steelmakers in the region. ❋ Denny Kurien (2011)
Chinese steelmakers have been exploring Africa for resources. ❋ Robert Guy Matthews (2011)
And Brazilian steelmakers have been buying iron-ore assets in South America to shore up their resources. ❋ Robert Guy Matthews (2011)
Bloomberg News reported Saturday that International Coal Ventures, a consortium of Indian miners and steelmakers not including Tata, will discuss a rival bid for the company Thursday. ❋ David Fickling (2011)
Because of China, "they have no influence on 75% of their input cost," says Christian Obst , a Munich-based analyst at UniCredit Bank, who covers steelmakers like ThyssenKrupp AG. ❋ John W. Miller (2011)
