Category: Steel News

Steel News and Analysis from varies commodity news media, we summarize all Steel news into a sitemap summary with link to related Steel News for the one who wanted to catch up Steel price change in timely manner.

Bank of America sees limited upside in Indian markets this year

MUMBAI : After the strong rally since April, there is a limited upside in Indian equities and the markets will end 2021 with a low single-digit gain, an American brokerage said on Wednesday. Bofa Securities said it is “not as bullish" and gave a target of 15,000 points for the 50-share benchmark Nifty by the end of the newly started year. Markets have rallied by 80% since April...

Analysis | SC ruling on IBC augurs well for bad loans-hit banks

Supreme Court of India Why should the new owner of a bankrupt company bear the brunt of the legal problems pertaining to the old regime? That’s a question that haunted the potential buyers of bankrupt companies, making them sceptical about the whole insolvency and bankruptcy code (IBC) process.But, the Supreme Court has finally brought in much-needed clarity on this question. On January 19, the apex court upheld Section 32A...

BHP and Rio rise above China-Australia tensions

TOKYO -- Australian resource giants BHP Billiton and Rio Tinto have increased iron ore production thanks to an infrastructure binge in China, a country that has otherwise been intent on slapping Australia with economic penalties."BHP delivered strong safety and operational performance in the first half of the 2021 financial year, including record production at Western Australia Iron Ore," BHP Billiton CEO Mike Henry said.The miner on Wednesday announced...

Limited upside in markets after the rally: Bofa Securities

After the strong rally since April, there is a limited upside in Indian equities and the markets will end 2021 with a low single digit gain, an American brokerage said on Wednesday.Bofa Securities said it is “not as bullish” and gave a target of 15,000 points for the 50-share benchmark Nifty by the end of the newly started year.Markets have rallied by 80 per cent since April after...

A lot of hot air? Investors snap up hydrogen stocks in green frenzy

LONDON (REUTERS) - An unprecedented rally in "green" hydrogen stocks looks set to extend as investors flock to companies which promise to produce the gas without using fossil fuels, expecting the technology to scale up over the next 10 years to justify rocketing valuations. Hydrogen is earth's most abundant element but is mostly extracted from fossil fuels, emitting carbon dioxide in the process. "Green" or clean hydrogen requires...

Analysis: A Lot Of Hot Air? Investors Snap Up Hydrogen Stocks In Green Frenzy

LONDON: An unprecedented rally in “green” hydrogen stocks looks set to extend as investors flock to companies which promise to produce the gas without using fossil fuels, expecting the technology to scale up over the next 10 years to justify rocketing valuations.Hydrogen is earth’s most abundant element but is mostly extracted from fossil fuels, emitting carbon dioxide in the process. “Green” or clean hydrogen requires using electrolysis to...

Why is the Fenix Resources (ASX:FEX) share price higher today?

The Fenix Resources Ltd (ASX: FEX) share price is trading nearly 2% higher at 26.5 cents a share today. The price bump follows the release of the company’s quarterly results. The company has experienced significant growth over the previous 12-month period with the Fenix share price powering up close to 400% higher. Here’s what we learned. Everyone is loving iron ore In its December quarterly activities report, Fenix...

China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

Article contentBEIJING/NEW DELHI — Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88% as Chinese mills diversified sources amid sky-high raw materials prices.Australian shipments rose 7% to 713 million tonnes, while Brazilian supplies were up 3.5% at 235.7 million tonnes, data from China’s General Administration of Customs showed on Wednesday.“The two countries’ rise could not...

BHP slashes mine’s value as coal outlook darkens

However, BHP's exports of iron ore, by far its most valuable commodity, hit a new half-year record, the miner said on Wednesday, as China's demand for the steel-making ingredient soared and BHP's Jimblebar mine in the Pilbara performed strongly.BHP said it had produced 144 million tonnes of iron ore from mines in Western Australia over the December half and was aiming for between 276 million tonnes and 286...

Sensex adds 200 points as short covering continues, Nifty near 14,600

NEW DELHI: Shortcovering continued on Dalal Street for the second day as buying in IT and auto stocks lifted benchmark indices on Wednesday buoyed by the comments from the US Treasury secretary and declining dollar. Jenet Yellen is batting for a huge stimulus to kickstart the virus-battered US economy, which if comes will lead to an unprecedented money supply in the system. Gains in Asian markets also boosted...

​Tata Communications, Federal Bank: Top Stocks for Investors Today

Regaining more than half of the previous two day losses, both the BSE Sensex and NSE Nifty closed in green on Tuesday. Following the same trend on January 20 (Wednesday),the Indian stock market is expected to open with higher points as the SGX Nifty indicated a positive opening for the domestic market as it was trading 11 points higher at 14,495.80.On January 19, the BSE Sensex closed at...

Tata Steel BSL Consolidated December 2020 Net Sales at Rs 5,881.14 crore, up 16.73% Y-o-Y

January 20, 2021 / 08:59 AM IST Reported Consolidated quarterly numbers for Tata Steel BSL Limited are:Net Sales at Rs 5,881.14 crore in December 2020 up 16.73% from Rs. 5,038.11 crore in December 2019.Quarterly Net Profit at Rs. 913.19 crore in December 2020 up 282.09% from Rs. 501.50 crore in December 2019.EBITDA stands at Rs. 1,649.37 crore in December 2020 up 462.75% from Rs. 293.09 crore in December...
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