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Date:2012/08/30
Statistics reveals that Latin America's 2009 demand of stainless steel flat products dropped to 340,000tons from 2008's level of 450,000tons, but rebound to 467,000tons and 459,000tons by 2010 and 2011 respectively.After the global financia...
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Date:2012/08/28
It’s reported that the US stainless makers have cut the alloy surcharges for September in response to lower nickel prices.Ohio-based AK Steel set its alloy surcharges for 304 grade materials at US$0.7331/lb., down by 2.9% from US$0.755/lb. for August...
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Date:2012/08/30
According to report, Russia’s third largest steelmaker Severstal posted the net profits of US$155 million for the second quarter, lower than previous forecasts due to foreign exchange losses and separation of its gold unit this year It was expected t...
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Date:2012/08/28
In the January to July period of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal totaled 3.6595 million tonnes up by 18.9%YoY.In addition, in the first seven months of...
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Date:2012/08/28
MINING giant BHP Billiton said yesterday it aimed to increase production and hike spending despite a 35 percent slump in yearly profit, citing "attractive opportunities" despite cooling in key market China.
The world's biggest miner also reitera...
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Date:2012/08/27
It's reported that ThyssenKrupp is inviting non-binding offers of purchase by September 28th for its plants in Calvert and Brazil.Around 10 groups including the steelmakers Ternium SA, Companhia Siderurgica Nacional SA and ArcelorMittal, have sh...
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Date:2012/08/23
It's reported that on August 1st, 2012, the Australian Customs and Border Protection Department informed China's Embassy in Australia indicated they had received application from domestic industry requiring anti-dumping and countervailing i...
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Date:2012/08/27
Turkey-based Varzene Metal has commissioned a cold drawing facility for stainless steel, titanium alloys and special alloy steel. According to a statement made by Varzene Metal to SteelOrbis, Varzene Metal, which serves the automotive, medical, ...
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Date:2012/08/23
According to data released by the Japan Iron and Steel Federation (JISF), Japan’s crude steel output totaled 9.26 million tons in July, up by 1.2% year on year and hitting the highest level since this March.In July alone, the crude steel output from ...
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Date:2012/08/21
It’s reported that Feng Hsin, one of the major steel long product makers in Taiwan announced to remain its list prices of rebar, section steel and scrap unchanged for this week.Also, Feng Hsin has kept its rebar list prices unchanged for consecutive ...
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Date:2012/08/27
On Friday, Nucor Corporation announced that it has completed the sale of their Nucor Wire Products Pennsylvania facility located in New Salem, Pennsylvania to an affiliate of Wire Mesh Corporation.
"We continually evaluate our businesses for long-ter...
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Date:2012/08/23
According to report, New Zealand Steel & Tube reports its net profit down by 22% to NZ$13.1 million (US$10.6million) for fiscal year 2012 on weak domestic demand from construction sector and lower margins.However, the company said earlier that it...
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Date:2012/08/21
Combined coal stocks at China's four major Bohai Sea ports dropped 920,000 mt or 5.4% week on week to 16.1 million mt Sunday, according to Qinhuangdao Port data released Monday. Qinhuangdao Port's coal stocks stood at 6.67 million mt Sunday...
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Date:2012/08/27
On Friday, Baker Hughes reported that for the week ending August 24, the US rig count fell by 16 to 1,898, reflecting a year-on-year decrease of 77 rigs. The rig count also fell by 17 a week ago. Rigs drilling for oil fell by 16 to 1,408 while rigs d...
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Date:2012/08/23
According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company (UGMK), in the January-July period of the current year Ukraine's imports of steel products increased by 8.9 percent compared to the same period...
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Date:2012/08/21
Reportedly, Australian steelmaker BlueScope posted an AUD1.04 billion of net loss for the fiscal year of 2012.BlueScope has reported AUD1.05 billion of loss for the fiscal of 2011 which has made the company slashed more than 1000 jobs and stop the ex...
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Date:2012/08/27
Luvata, a world leader in metal solution manufacturing, heat transfer technology and engineering and design services, announced Friday that it has broken ground on its latest facility--a coatings plant in Ramos Arizpe, Coahuila, Mexico. The plant wil...
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Date:2012/08/23
The American Institute of Architects (AIA) reported Wednesday that the Architecture Billings Index (ABI) pointed to a slower decline in July in design activity at US architecture firms. As a leading economic indicator of construction activity, the AB...
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Date:2012/08/21
According to statistics, Brazil's raw steel production fell by 4.1% year on year to 3 million tons in July.In July, the country’s rolled steel production increased 11.5% year on year to 2.3 million tons while the sales of steel products in the B...
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Date:2012/08/24
It’s reported that the European stainless producers have the alloy surcharges further for September due to weak demand and lower nickel prices.It’s known that the September alloy surcharges for 304, 316 and 430 grades stainless steel products are at ...