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Steel: flat product deliveries in Europe will be delayed due to fires
Luxembourg-based steelmaker ArcelorMittal has told its customers that deliveries of flat products in Europe will be delayed due to fires at blast furnaces in Spain and France. Tons reserved for new orders may also decrease due to lower production levels. As previously...
Iron ore and steel: Grupo Cap will invest $500 million
Chilean iron ore and steel producer Grupo CAP has announced that it will invest $500 million in its subsidiaries. The company's CEO, Jorge Salvatierra, reported that about 30 percent of this amount will be dedicated to sustainability projects such as energy resource...
Gold: price runs to one-year highs after U.S. data disappointment
Gold extended gains to above $2,000 an ounce on Tuesday, thanks to a drop in the dollar and yields, while weaker U.S. economic data encouraged bets on a slowdown in rate hikes, despite growing concerns about oil-driven inflation. Today, Wednesday, April 5, gold is...
Evraz will not make interest payment on April bond
Steelmaker Evraz plc, which is based in the United Kingdom but part of a Russian conglomerate, has announced that it will not make what it calls a regular interest payment on a bond due in April. The company describes the payment as due on a 5.25 percent Eurobond 2024...