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Date:2013/03/12
According to data released by the US Department of Commerce (DOC), the US’s import license for stainless steel products decreased by 7.68% from a month ago to 97,740 tons in February.Among them, the import licenses for cold rolled stainless steel pro...
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Date:2013/03/11
The European Union extended to the Philippines a tariff on stainless-steel screws and blots from China due to the circumvention of import duty. Stainless steel fasteners from China have been shipped to Europe via the Philippines to avoid import duty ...
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Date:2013/03/14
According to the latest ‘Bi-Monthly Stainless Steel Briefing March 2013' report issued by Germany-based service centre Damstahl, in 2012 European stainless crude steel production amounted to 7.4 million mt, falling two percent compared to 2011. ...
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Date:2013/03/12
Hsin Kuang Steel, one of the major steel service centers in Taiwan announced that its February sales revenues totaled NT$484 million, falling by 47.39% from a month ago and decreasing by 24.54% year on year. The company pointed out that the dropped s...
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Date:2013/03/08
It’s reported that Korean Posco Specialty Steel (Posco SS) announced to leave its domestic prices for its austenitic stainless wire rod and bar unchanged for March.Market insiders pointed out that the country’s demand for special steel from end users...
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Date:2013/03/14
Reportedly, European engineering steel price have a difficulty to lift while demand sluggish so far and the products included a hot rolled round bar with C45 grade with sizes from 50-150mm diameter for March delivery. Currently, the price is expected...
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Date:2013/03/12
Tycoons Group, one of the major wire rod and wire products manufacturers in both Taiwan and Thailand markets announced that its February sales revenues totaled NT$441 million, soaring by 74.25% year on year.The company's combined sales revenues ...
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Date:2013/03/08
According to statistics released by Japan Iron and Steel Federation (JISF), Japan’s shipments of cold rolled (CR) steel sheets and strips totaled 517,941 tons in January, rising by 4.4% from a month ago and increasing by 4% year on year.Among them, 5...
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Date:2013/03/14
Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC), the world's second biggest steel producer, has announced the outlines of its mid-term management plan. Accordingly, the company plans to streamline its operations given that compe...
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Date:2013/03/12
Reportedly, Brazilian mining company Vale is likely to cancel the US$5.9 billion project due to the cancel of compensation from Argentina’s government. The cost of the Rio Colorado potash mine, railway and port system is expected to soar 86% to US$11...
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Date:2013/03/08
Recently, Russian steel pipe maker TMK announced its financial result for 2012.TMK posted a net profit of US$282 million for 2012, falling by 27% year on year. In 2012, the company realized sales revenues of US$6.688 million, decreasing by 1% year on...
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Date:2013/03/14
Seattle, Washington-based NCA partners, a private equity firm, announced Wednesday that the majority of the owners of Calgary, Alberta-based metal buildings manufacturer Warwick Industries Ltd. and Calgary-based structural steel fabricator Kent Steel...
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Date:2013/03/12
According to statistics, the EU 27-countries exported 19.214 million tons of scraps in 2012, up by 2.1% from a year ago.Among them, 11.05 million tons were exported to Turkey, rising by 10.7%; 2.665 million tons were to Indian, increasing by 19.3%, b...
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Date:2013/03/08
Turkey exported 553,202 tons of rebar in January, falling by 29% year on year and decreasing by 11.6% year on year, according to statistics released by the Turkish Statistical Institute (TUIK).Meanwhile, the country’s export revenues generated by reb...
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Date:2013/03/13
According to statistics released by the American Iron and Steel Institute (AISI), the US produced 1.828 million short tons of crude steel in the week ended on March 9th, falling by 1.6% from a week earlier while rising by 7.8% year on year.In the giv...
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Date:2013/03/11
Australian miner Rio Tinto's mining operations contractor South Africa-based Eqstra Holdings has said that Rio Tinto should not have declared force majeure on coal exports from its Benga mine in Tete province, Mozambique since the flood damage t...
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Date:2013/03/08
Japan exported 735,949 tons of ferrous scrap in January, decreasing by 17.5% from a month ago while rising by 31.6% year on year, according to statistics released by the Japan's Ministry of Finance.In January, Korea was the largest importer of J...
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Date:2013/03/13
The international rating agency Fitch has downgraded Italy's long-term rating to 'BBB+' from 'A-'. The outlook on the long-term issuer default rating (IDR) is negative.
According to Fitch’s press release, the inconclu...
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Date:2013/03/11
In Great Britain, the construction industry output volume in non-seasonally adjusted, constant (2005) prices is estimated to have decreased 7.9 percent in January this year compared to the same month of 2012, according to a report released by the UK-...
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Date:2013/03/07
Japanese Nippon Steel & Sumitomo Metal (NSSMC) announced to hike its steel plate export prices to Asia by US$20/ton for April and May. The new prices are at US$670/ton CFR.Recently, the demands for steel plates from construction and machinery sec...