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Date:2013/03/01
Tung Ho Steel, one of the major electric furnace mills and steel long products suppliers in Northern Taiwan, has announced that the company is going to hike its H beam price by NT$500/ton (about US$17/ton) from today. The new base price for Tung Ho&#...
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Date:2013/03/05
Spain-based stainless steelmaker Acerinox posted a net loss of €18.33 million for 2012, slumping from a net profit of €73.73 million for 2011.In 2012, Acerinox realized sales revenues of €4.55 billion, down by 2.5% year on year. Nevertheless, the com...
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Date:2013/03/01
Reportedly, GrafTech International, a world leader in graphite material, indicates the global steel market demand is likely to improve in 2013. However, the global financial problem and economic downturn still remain uncertainty this year. Meanwhile,...
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Date:2013/03/05
Japan’s exports of iron and steel products totaled 3.66 million tons in January, jumping by 24.2% year on year while falling by 5.5% from a month ago.In January, the country’s exports to Korea totaled 641,976 million tons, rising by 4.7%; those to Ch...
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Date:2013/03/01
Brazil's welded tube makers reportedly announced that they have a difficult time to persuade customers to hike domestic welded tubes prices at this moment. However, Brazilian tube makers plan to try again in near future. Currently, HRC is negoti...
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Date:2013/03/01
Reliance Steel & Aluminum Co. will go forward to acquire Metals USA. The US government relative department pointed out that the merger already has no doubt of antitrust concerns. In an early notice under the Hart-Scott-Rodino Antitrust Improvemen...
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Date:2013/03/01
Mechel Targoviste, the Romanian long product maker, is buying scrap from the market. The company is planning to resume steelmaking in March according to the company's new owner Invest Nikarom. The company official said that it was the first time...
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Date:2013/02/28
Koch Industries subsidiary Koch Minerals is a key investor of the River Steel LLC project in building steel plant with the worth of US$1.1 billion. The plant would be a mini mill which converts steel scrap into various grades of steel. The developer ...
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Date:2013/02/27
On Tuesday, Rapids, Minnesota-based Magnetation LLC announced that it has successfully closed $110 million of senior secured credit facilities. Proceeds from the credit facilities will be used for growth-related capital expenditures for the seco...
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Date:2013/02/28
Usinas, the Brazilian steelmaker, is going to increase its steel prices for distributors by 12% next month. The new price adjustment will apply to some steel products and ranges from 6% to 12%. The policy of price up is expected to boost the company’...
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Date:2013/02/25
Net income in Q4 2012 shrank for global pipe and tube producer Tenaris but full year earnings improved. Q4 net income of $350.3 million was down 20 percent from $437.5 million in Q3 2012 and down 18 percent from $426.3 percent in Q4 2011. But for the...
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Date:2013/02/26
South Korea-based steelmaker POSCO has announced that it has won an order for the supply of 88,000 mt of 11 types of thick steel plate for a floating production storage and offloading (FPSO) vessel, which is one of the world`s largest oil prospecting...
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Date:2013/02/28
Steel market players consulted by SteelOrbis are concerned over the result of the Italian parliamentary elections which took place on February 24-25. In the absence of a clear majority, it will be harder for Italy to pass the reforms it needs to over...
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Date:2013/02/22
According to data released by the Japan Iron and Steel Federation (JISF), the country’s crude steel output totaled 8.86 million tons in January, increasing by 3.5% from a month ago and rising by 2.7% year on year.Besides, Japan’s pig iron output tota...
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Date:2013/02/26
According to the provisional data released by the Central Bank of the Republic of Turkey, in February this year the capacity utilization rate in the Turkish basic metal manufacturing industry was 73.8 percent, falling 3.6 percentage points compared t...
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Date:2013/02/28
In his monthly report, Port of Houston Authority Executive Director Len Waterworth said that total tonnage at Port Authority facilities (excluding bulk cargo associated with leased locations) was down 11 percent from last year.
"Steel decreased 181,0...
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Date:2013/02/22
The Germany-based service center Damstahl reported that the European crude stainless steel output totaled 7 million tons in the first 11 months of 2012, decreasing by 1% year on year.Meanwhile, Damstahl predicted that the European crude stainless ste...
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Date:2013/02/26
After the 2013 NASPD Annual Conference’s kickoff cocktail reception in Las Vegas on February 21, 2013, the nearly 500 attendees got down to the business of making sense of the pipe market during the general session Friday morning. Speakers incl...
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Date:2013/02/28
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported Wednesday that the US imported a total of 2,579,000 net tons (nt) of steel in January, including 2,106,000 nt of finished steel (up 5 percent and 18 percen...
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Date:2013/02/22
New York-based ALJ Regional Holdings, Inc. said Thrusday that its Board of Directors has appointed Jess Ravich to serve as Executive Chairman of ALJ. As Executive Chairman, Ravich will serve as both Chairman of the Board and an officer of ALJ.
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