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Global aluminium market balance depends on China cuts - Hydro CEO
Fri, 08 Jan 2016 09:54:54 +0800
The outcome of Chinese discussions to cut the country's aluminium output will be key to determining the global price of the light-weight metal, the head of Norwegian producer Norsk Hydro told Reuters on Thursday. Aluminium prices have dropped by nearly 50 percent since 2011 to USD 1,459 per tonne...
Crash in premium hurting aluminium producers – Mr Satish Pai Hindalco
Mon, 30 Nov 2015 08:58:15 +0800
Mr Satish Pai, chief executive officer (aluminium), Hindalco Industries, talks to Jayajit Dash on the outlook on aluminium prices, Hindalco's assets, strategies to be cost competitive and its focus on downstream business. Edited excerpts: Q - What factors are triggering the plunge in ...
Goldman says only China can save metals
Sat, 14 Nov 2015 10:11:34 +0800
Goldman Sachs said that if China's old economy doesn't find its footing, metals demand could take another hit. Goldman said that "Only a major pick-up in Chinese demand is likely to be sufficient to balance metals markets such as copper and aluminum. This is because metals supply generally contin...
Goldman Predicts Significant Iron Ore Losses as Prices Near $50
Tue, 27 Oct 2015 15:17:44 +0800
Iron ore is sinking back toward $50 a metric ton as expanding low-cost supply and sputtering demand in China spur concern a global glut will persist into 2016, with Goldman Sachs Group Inc. forecasting significant losses. “We think it’s going down significantly,” Katie Hudson, managing director ...
Vale CEO still upbeat on Chinese demand for iron ore market
Sat, 05 Sep 2015 16:53:04 +0800
China's stock market crash and currency devaluation have not dampened the optimism of mining giant Vale's chief executive, who said he is most upbeat on the iron ore market in two years. Vale CEO Murilo Ferreira told newspaper Valor Economico that China's stock markets have little relation to its re...
Interview with Mr. Buffet, Chairman of ERAMET, France in Tokyo (1)
Thu, 02 Jul 2015 09:44:21 +0800
Mr. Patrick Buffet, Chairman and Chief Executive Officer (CEO) of ERAMET, France who visited Japan had a press interview at Hotel Okura located in Minato-Ward, Tokyo on July 2, and announced the Company's activity in 2014 and the outlook for its future transaction as follows. As to the Group's...
CISA: Chinese steel industry continues to face many pressures
Fri, 08 May 2015 10:49:13 +0800
According to a new report issued by the China Iron and Steel Association, in the first quarter of the current year China produced 177 million MT of pig iron, down 2.3% while it imported 227.06 million MT of iron ore up 2.4% both year on year. As the end of April, inventories of imported iron ore ...
Declining trend in steel prices has stopped – Mr CS Verma
Thu, 23 Apr 2015 01:58:40 +0800
Enthused by the government’s new growth initiatives, Mr CS Verma chairman of Steel Authority of India Limited (SAIL) expects no less than 8% to 9% growth in steel demand in the current fiscal, from an anaemic 3.1% last fiscal. In an exclusive interview with Mr Surya Sarathi Ray of FE, Verma...
SAIL Chairman remains positive on steel demand growth in India
Sat, 28 Feb 2015 09:50:47 +0800
Mr Chandra Shekhar Verma Chairman SAIL talks about steering the company in the current tough times, when local as well as global demand is depressed. He shares his action plan for the next 10 years and talks about his five years at the helm. Q - SAIL has been battling stagnant domestic demand in ...
Steel Talks - "Steel industry needs to re-invent itself as backbone of India's economy"
Wed, 04 Feb 2015 10:00:45 +0800
In an exclusive interview to Saket Kumar Jha Senior Analyst Steel Guru Dr Anil Dhawan, Commercial Director of Visa Steel, touched upon the vital issues of the growth in steel sector catering to the demand from projected economic growth in India. Q - World Economic Report update released by the In...
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