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Date:2012/12/26
Reportedly, Japan’s Mitsubishi Corp will invest a news trading unit in Singapore to emerging China and India market. The Japanese trading house will join the likes of Swiss merchant Trafigura and global miner BHP Billiton. Mitsubishi with US$14 billi...
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Date:2012/12/24
According to forecast made by Japan Iron and Steel Federation (JISF), Japan’s crude steel production in 2013 would be lower than this year.Besides, JISF predicted that the country’s domestic demand for steel products and the exports of steel products...
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Date:2012/12/25
Reportedly Klöckner & Co, a German metal distributor headquartered in Duisburg, is selling its Eastern European operations as part of its restructuring program. Sites in Czech Republic, Bulgaria and Romania which make up over two third of Eu...
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Date:2012/12/24
South Korea imported 292,663 tons of hot rolled coils (HRC) in November, falling by 79,376 tons from a month ago and touching the lowest level of this year, according to statistics released by the Korea Iron and Steel Association (KOSA).In November, ...
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Date:2012/12/24
Latin America’s apparent rolled steel consumption totaled 54.9 million tons in the first 10 months of this year, rising by 5% year on year, according to the data released by the Latin American Steel Association (Alacero).Alacero indicated that the gr...
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Date:2012/12/21
According to statistics released by the Korea Iron and Steel Association (KOSA), South Korea’s exports of hot rolled coils (HRC) totaled 343,700 tons in November, slumping by 34% year on year.KOSA added that the slow HRC exports made by the South Kor...
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Date:2012/12/21
According to the data released by the Argentina’s steel chamber (Cisider), the country’s crude steel output totaled 396,400 tons in November, falling by 4.4% from 413,700 tons in October and decreasing by 18% from 483,700 tons in the same period of a...
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Date:2012/12/19
According to statistics, Taiwan exported 3,908 tons of large-diameter wire rods (diameter larger or equal 14mm) in November, slumping by 30% from a month ago and hitting the lowest level of this year.In November, Taiwan’s export prices of large-diame...
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Date:2012/12/21
MMFX Steel Corp, a California USA based material science company has moved a giant step forward to import high strength uncoated enhanced corrosion reinforcing steel products to Chile.The company is planning to work with Broom Group S.A. to promote a...
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Date:2012/12/17
Indian JSW Steel said that its crude steel output dropped by 21% from a month ago to 603,000 tons in November due to iron ore shortage and the ongoing shutdown at on Corex iron making furnace at its Vijayanagar works.It’s known that JSW Steel closed ...
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Date:2012/12/19
Reportedly, the South Korean steelmakers including Posco and Hyundai Steel are mulling to raise its hot rolled steel prices by 20,000~30,000 won/ton for next January.Industry sources indicated that the two South Korean steelmakers’ prices rise for HR...
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Date:2012/12/21
China State Shipbuilding Corporation(CSSC),one of the two largest shipbuilding conglomerates in China has planning to expand its purchases of shipbuilding steel from Chongqing Iron and Steel Corporation to supply for shipbuilding, bridge and building...
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Date:2012/12/17
The European stainless producers have announced to cut the alloy surcharge for December by more than €113/ton.The December alloy surcharged for 304 2mm cold rolled stainless sheets averaged at €1,220~€1,247/ton.It’s learned that Aperam reduced its al...
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Date:2012/12/19
It’s reported that Barclays Capital cut the forecast for 2013 nickel and copper prices due to weak demand.It’s known that Barclays Capital cut the forecast for copper prices by 6.6% to US$7,925/ton. Also, it reduced the forecast for nickel prices to ...
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Date:2012/12/21
Spain-based Acerinox announced that the company will expect after taxes loss in 2012. In fact, the company has lost approximately €31 million (US$40 million) after taxes in the third quarter of this year and it would also expect another loss about €2...
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Date:2012/12/19
Chung Hung Steel, the subsidiary of Taiwan's China Steel Corp. has announced its November sales revenue totaled NT$3.124 billion, decreasing by 2.7% from a month ago. However, Chung Hung Steel said that its shipping volumes in November basically...
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Date:2012/12/17
According to data released by the Japan’s Ministry of Finance, the country’s exports of cold rolled (CR) stainless steel cold and plates totaled 243,060 tons in October, falling by 8.8% from a month ago and decreasing by 13.8% year on year.In the fir...
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Date:2012/12/20
It’s reported that YC INOX, one of the major stainless steel coil service centers in Taiwan has better sales performance recently, supported by stable nickel prices.It’s said that YC INOX may have chance to reverse of the loss on inventory in the fou...
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Date:2012/12/19
Recently, South Korean Daehan Steel purchase around 20,000 tons of H2 scraps with prices of ￥28,000/ton FOB from Japan.Besides, Hyundai Steel bought H2 scrap, P&S scrap and Shindaichi scrap from Japan with prices of ￥27,500/ton FOB, ￥29,000/ton F...
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Date:2012/12/17
According to the data from Peruvian customs agency Sunat, the imported rebar rose more than three times from previous month to 21,052 metric tons in November.The country imported 253,056 tons of long products from January to November. In October, the...