Cleveland-Cliffs Lifts Minimum Base Price For Hot Rolled Steel To $1,200 Per Net Ton
(RTTNews) - Steel producer Cleveland-Cliffs Inc. (CLF) announced Monday that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, effective immediately with all new orders.
Cliffs' minimum base price for hot rolled steel is now $1,200 per net ton.
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Asian Markets Trade Mostly Higher
Asian stock markets are trading mostly higher on Wednesday, following the mixed cues from Wall Street overnight, as data showing a deterioration in U.S. consumer confidence in February fueled bets on US Fed interest rate cuts this year. Worries about the potential impact of imminent tariffs by Trump administration on global economic growth limited the market's upside.
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6h 46min ago
Australian Market Maintains Early Losses In Mid-market
The Australian stock market is maintaining its early losses in mid-market trading on Wednesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by mining amid tumbling metal prices.
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7h 7min ago
Indian Markets Closed For Mahashivratri
Indian markets remain closed today in observance of Mahashivratri.
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7h 37min ago
Thai Shares May Take Further Damage On Wednesday
The Thai stock market has finished lower in two straight sessions, tumbling almost 40 points or 3.2 percent in that span. The Stock Exchange of Thailand now sits just above the 1,205-point plateau and it may extend its losses on Wednesday.
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8h 12min ago
Oversold Indonesia Bourse Called Lower Again On Wednesday
The Indonesia stock market has finished lower in back-to-back sessions, retreating more than 215 points or 3.2 percent along the way. The Jakarta Composite Index now sits just beneath the 6,590-point plateau and it's expected to see continued consolidation again on Wednesday.
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8h 42min ago
Japanese Market Significantly Lower
The Japanese stock market is trading significantly lower on Wednesday, adding to the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,900 level, with weakness across most sectors led by index heavyweights and financial stocks.
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8h 51min ago
More Pain Predicted For Hong Kong Stock Market
The Hong Kong stock market has finished lower in consecutive trading days, slumping almost 450 points or 2 percent along the way. The Hang Seng Index now sits just above the 23,030-point plateau and it's looking at another soft start again on Wednesday.
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8h 57min ago
Australian Market Slightly Higher
Australian stock market is trading modestly lower on Wednesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness across most sectors led by mining and technology stocks.
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9h 9min ago
