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Daily Steel News
Courtesy of SteelOrbis
Intern killed at Nucor’s Tuscaloosa plant
US and Canadian rig counts share uptrend
$0.77 trillion worth of iron ore futures traded at DCE in first year
As of Oct.17, iron ore futures transacted at Dalian Commodity Exchange (DCE), amounted to 6.76402 million mt with a total value of RMB 4.7 trillion.
CISA: Iron ore prices to fluctuate at around $80/mt in 2015
Xinchuang Li of the CISA) has stated that China’s demand for imported iron ore will indicate slower growth, but will remain strong.
POSCO’s net profit plunges in Q3
In Q3, POSCO reported a net profit of KRW 224.08 billion ($211.9 million), decreasing by 60.3 percent year on year.