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Date:2012/11/28
It’s reported that Fitch Ratings has downgraded steel giant Posco’s long-term Issuer Default Rating (IDR) and senior unsecured rating to “BBB+” from “A-“. Meanwhile, the short-term IDR was at “F2.” In 2011 and 2012, high levels of debt to fund invest...
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Date:2012/11/26
It's reported that the average prices of Japanese H2 scrap in Kanto, Central and Kansai region were at ￥23,926/ton in the third week of November, rising by ￥1,384/ton from a week earlier.Also, the H2 scrap prices have rose for consecutive two we...
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Date:2012/11/28
Reportedly, French Industry Minister Arnaud Montebourg on Monday said that ArcelorMittal was not keeping promises to French government over the plant issue in Florange industry. Suffered from the profit losses over years, ArcelorMittal, the world’s l...
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Date:2012/11/26
It’s reported that Japan’s Nisshin Steel Holdings announced that it decided to cut it stainless steel production at its two subsidiaries Nisshin Steel and Nippon Metal Industry (NTK) from November, aiming to support the prices.It’s learned that the p...
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Date:2012/11/26
Germany-based Salzgitter's subsidiary Peiner Träger announced to raise the prices of its section steel products by €100/ton for European region, effective from November 26th.The firm stated that it decided to raise prices as the scrap price...
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Date:2012/11/23
According to the data provided by the Turkish Statistical Institute (TUIK), in September this year Turkey's longitudinally welded tube and profile exports totaled 45,299 mt, rising 5.5 percent compared to the previous month and up 34.7 percent c...
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Date:2012/11/23
India's Jindal Steel & Power has this month started producing coal at its mine in the Moatize region of Mozambique, with the first exports expected by January next year, according to media reports. The mine will produce both coking and therm...
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Date:2012/11/21
South Africa's primary carbon and alloy steel product imports (excluding stainless steel and drawn wire) amounted to 64,203 mt in September this year, increasing 26.3 percent compared to August this year and down 26.4 percent compared to the sam...
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Date:2012/11/23
It’s reported that the US Court of International Trade (CIT) has affirmed the determination of the International Trade Commission (ITC) to withdraw the antidumping (AD) duty on stainless steel strips and sheets from Mexico.The CIT found that the revo...
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Date:2012/11/21
According to the World Steel Association (worldsteel), in October this year the crude steel output of 62 countries surveyed across the globe reached 126.1 million mt, increasing by 2.1 percent on year-on-year basis and up 1.8 percent compared to Sept...
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Date:2012/11/19
It is reported that Russian’s steel giant Severstal has seen a more challenge in the fourth quarter of 2012, citing the stable raw material cost and weakening market prices for steel products.For the second quarter, the company reported a 112-percent...
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Date:2012/11/23
According to the World Bureau of Metal Statistics (WBMS), in the January-September period of this year there was a nickel supply surplus of 89,000 mt in the global market. In the whole of 2011, the calculated deficit was 3,100 mt.
In the Janu...
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Date:2012/11/21
Recently, the export quotes of the Indian iron ores contain 63% Fe to the US market have declined to US$120/ton FOB.It’s analyzed that the poor demands from Chinese steel mills and Indian local buyers have affected Indian iron ore export prices.Meanw...
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Date:2012/11/19
Kinder Morgan, the third-largest energy company in North America, has planned to build a new pipeline in Mexico. Its project includes a 36-inch diameter natural gas pipeline that would extend its existing mainlines nearby Arizona, to the border of Me...
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Date:2012/11/23
South Korean steel giant Posco has cut its sales forecast for the third time by more than 10% to 36.3 won trillion from its initial forecast in April this year, after its operating profit fell sharply in the third quarter due to weaker steel demand a...
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Date:2012/11/21
Recently, Tokyo Steel released its price policy for December.It’s learned that Tokyo Steel decided to leave its list prices for all the steel products unchanged for December.Therefore, its December list prices for rebar with diameters of 16mm~25mm ar...
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Date:2012/11/19
The market of Turkish carbon steel flat product is hectic that the import price of hot rolled coil from Ukraine has soared by US$5~10/ton to US$525~530/ton C&F December delivery. On the other hand, the import price of cold rolled coil is nearly U...
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Date:2012/11/22
According to statistics released by the American Iron and Steel Institute (AISI), the US produced 1.792 million short tons of crude steel in the week ended on November 17th, up by 2.6% from a week earlier and increasing by 0.9% in comparison of 1.809...
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Date:2012/11/21
The president of Hsin Kuang Steel, one of the major coil centers in Taiwan said that the Taiwanese steel prices would bottom out in the fourth quarter of this year and rise slight in the first quarter of 2013.It’s learned that the global iron ore pri...
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Date:2012/11/19
It’s reported that this week Russia coil and sheet offer is stable, hot rolled coil The prices of Russian flat product offers remain stable that the export prices of hot rolled coil to Africa and Middle East are about US$510~520/ton and US$520~530/to...