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Date:2012/09/12
Reportedly, the decreased export prices of the US scrap over the past two weeks have caused the scrap prices fall in the US domestic market in early September.Last week, the transaction prices of the US scrap exported from Eastern America to Turkey w...
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Date:2012/09/14
Reuters reported that Aperam, one of the major stainless producers in Europe is currently discussing the possibility to change the stainless steel pricing with its customer, according to Philippe Darmayan, the CEO of Aperam.Darmayan said that the cha...
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Date:2012/09/12
It's reported that Vishwapati Trivedi, India's mining minister said on September 4th that the Mining Ministry is drafting the proposal to cut iron ore export duties and rail freight, in order to promote the exports of the steelmaking raw ma...
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Date:2012/09/13
It’s reported that the Algerian buyers have returned to market by the end of Ramadan, pushing up the deformed steel bar prices.At present, the European steelmakers offered the deformed steel bars quoted at €510/ton FOB and the final transaction price...
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Date:2012/09/12
It’s reported that the Japanese Tokyo Steel announced to cut the scrap purchasing prices further by ￥500/ton from September 8th.Meanwhile, the firm has reduced the scrap purchasing prices for consecutive five times since August 25th.After the adjustm...
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Date:2012/09/13
Sajjan Jindal, the Chairman, Managing Director of JSW Steel predicted that India’s imports of finished steel products would rise by 18% to reach 8 million tons by March 31st, 2013 to meet 10% of the country’s steel consumption.It’s known that the Ind...
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Date:2012/09/12
Taiwanese steel pipe makers expect that the export of API pipe to the US market for October and November would be affected by global keen competition, with the decreases of US$10~US$20 and US$20~US$30/ton on high-end and low-end API pipes respectivel...
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Date:2012/09/13
It is reported that the world's largest independent steel trader, Stemcor, has appointed Mr. Julian Verden as CEO, effective from January 1st, 2013.Mr. Verden started his career with Samac in 1978, a steel trading and distribution company acquir...
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Date:2012/09/11
It's reported that the Australian Customs and Border Protection Department announced its decision to initiate an antidumping (AD) investigation on the Chinese galvanized sheet and Al-Zn galvanized sheet. In the Australia Customs Tariff system, g...
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Date:2012/09/13
The world’s mining giant Rio Tinto said that its shares at Richards Bay Minerals (RBM) increased to 74% after pouring US$1.7 billion to acquire more shares at RBM.In the background, RBM is a mining company located in Kwa-Zulu Natal, eastern part of S...
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Date:2012/09/11
ArcelorMittal USA made a tentative agreement with the United Steelworkers on a new three-year contract covering nearly 14,000 workers in eight states. The contract covers employees at 15 ArcelorMittal USA’s flat carbon, long carbon and iron ore minin...
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Date:2012/09/13
Australian Atlas Iron is in talks to sell its share of a uranium prospect in Lake Frome, located in South of Australia due to concerning about sluggish market demand in China.However, the company still attempts to proceed the expansion plan of iron o...
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Date:2012/09/11
Erdenes Tavan Tolgoi, the Mongolian state-owned and the largest coal miner planned to launch an initial public offering (IPO) in Hong Kong, London and Ulaanbaatar in next second quarter. In fact, Erdenes Tavan Tolgoi has deferred the IPO plan for sev...
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Date:2012/09/11
It’s reported that the steel sheet prices have remained stable in Russian market in September.Even though the major steel mills in Russia announced to hike the hot rolled coils (HRC) prices by 2% for September, the price rises was unfavorable to the ...
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Date:2012/09/11
Feng Hsin, one of the major steel long product makers in Taiwan has decided to cut the rebar list prices by NT$500/ton to NT$18,000/ton for this week. The company already reduced the rebar price in total of NT$1200/ton within two weeks. Also, the fir...
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Date:2012/09/10
It’s reported that the prices of hot rolled coils (HRC) have slid to INR34,000~INR34,500/ton in Indian domestic market in September, decreasing by INR1,000/ton from a month earlier, due to fierce competition against the low-priced imports.At present,...
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Date:2012/09/10
Reportedly, the US Department of Commerce (DOC) announced the final results of its administrative review of the antidumping (AD) order on corrosion-resistant carbon steel flat products which made from South Korea. It has been investigated with seven ...
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Date:2012/09/06
Tang Eng, one of the major stainless steel producers in Taiwan issued its price policy for September on August 31st.The company decided to leave its prices of 200 and 300 grade hot rolled and cold rolled stainless steel products unchanged for Septemb...
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Date:2012/09/10
The average prices of the US’s H1 scrap in Pittsburgh, Chicago and Philadelphia were at US$359.17/long ton on September 4th, 2012, remaining flat from a week earlierAmong them, the average H1 scrap prices in Pittsburgh were at US$359.5/long ton; that...
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Date:2012/09/04
Although China Steel Corp. (CSC), the largest steelmaker in Taiwan has already cut its price for its domestic customers, it seems that CSC's price cut still can’t help the Taiwanese coating steel mills to win for orders. Due to fierce price comp...