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Date:2012/08/17
India's Tata Steel, the world's seventh-largest steelmaker, said Monday quarterly net profit slumped a worse-than-expected 89 percent from a year earlier due to falling demand in its key European market.
Steelmakers around the world have b...
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Date:2012/08/15
Colombia's coal production jumped 15.3 percent to 23.4 million tonnes in the second quarter versus a year ago, pushed up by more output in the two top producing provinces, data from the Andean country's mining regulator showed on Monday.
Co...
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Date:2012/08/17
Mr Pham Chi Cuong chairman of the Vietnam Steel Association said that the country's steel inventories at the end of June 2012 surged by 15% YoY, hitting the new record high. He pointed out that the Vietnam's current monthly stocks of steel ...
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Date:2012/08/15
According to statistics released by the American Iron and Steel Institute (AISI), the US produced 1.899 million short tons of crude steel in the week ended on August 11st, rising by 1.9 from 1.863 million short tons in a week earlier.Also, the figure...
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Date:2012/08/17
According to statistics released by the Korea Iron and Steel Association, South Korea' exports of steel plates totaled 156,819 tonnes in June 2012, rising by 12.6% YoY while slumping by 50.4% MoM from a month earlier. Also, the country's ex...
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Date:2012/08/15
According to data released by the Turkish Statistical Institute (TUIK), Turkey exported 237,926 tons of chrome ores in June, increasing by 68.4% year on year and rising by 7.1% from a month earlier.In June, the country’s export revenues generated by ...
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Date:2012/08/16
It’s reported that the nickel prices at LME have remained weak recently.It’s known that the nickel prices have been experiencing the correction at the price level of US$15,000~US$16,000/ton recently due to uncertain economy in euro zone.Industry sour...
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Date:2012/08/15
According to data, Japan’s production of hot rolled (HR) stainless steel products totaled 248,087 tons in June, rising by 2.2% from a month earlier.Among them, 121,507 tons were chrome-based stainless steel products, increasing by 8.2%; 99,173 tons w...
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Date:2012/08/16
According to statistics, the global iron ore exports totaled 1.05 billion in 2011, soaring substantially by 48% in comparison of 710 million tons in 2005.Among them, the iron ore exports from Australia and Brazil surged by 83% and 48% respectively.In...
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Date:2012/08/14
Chung Hung Steel, one of the major carbon steel pipe makers and coil re-rolling mills in Taiwan, has announced its July sales revenues totaled NT$3.162 billion, down slightly by 0.3% from a month earlier.In fact, Chung Hung Steel’s sales volumes in J...
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Date:2012/08/16
The Italian government said on Monday that it will challenge the latest judicial orders which may block production at ILVA steel plant in Taranto.Mr. Bruno Ferrante, the Chairman of ILVA said that the firm will also fight against the judicial orders,...
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Date:2012/08/14
Due to falling export offer prices, rising input cots, weak EURO, the Taiwanese screw makers’ sales profits have fallen this year. The Taiwanese screw makers said that since the market demand and steel prices will not have the chance to go up in shor...
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Date:2012/08/16
According to the data from Mexican steel association Canacero, Mexico’s crude steel production dropped by 1.7% year on year in the first half of 2012.In the first 6 months of this year, the crude steel output was 8.9 million tons.The real steel consu...
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Date:2012/08/14
Reportedly, the Egyptian steel flat product market has remained sluggish due to summer period, Ramadan and weak global steel market.At present, the quotes of hot rolled coils (HRC) offered by the CIS are at US$560~US$580/ton CFR, remaining flat from ...
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Date:2012/08/14
Reportedly, the nickel spot prices at the London Metal Exchange (LME) on August 2nd, 2012 closed at US$15,300/ton, hitting the lowest level since this year.The nickel prices in three month delivery at LME rebounded to US$16,160/ton on July 30th, 2012...
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Date:2012/08/14
The Lake Carriers' Association reported that iron ore shipments on the Great Lakes totaled 6.9 million tons in July, an increase of 6.3% compared to June, but a decrease of 2.2% compared to a year ago. Shipments were, however, more than 12% ahea...
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Date:2012/08/13
Reportedly, Olympic Steel has just announced a net profit of US$4.5 million and 10.8-million respectively for the second quarter and the first half of this year.It said the company’s net sales increased by 22.9% to US$367.4 million for the second qua...
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Date:2012/08/10
It’s reported that the nickel for August delivery dropped by 0.32% to INR871.20/kg at the Multi Commodity Exchange of India Ltd (MCX) as the speculators cut the positions. The business turnover is 7,169 lots.At the same time, the nickel for September...
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Date:2012/08/13
Mongolian Mining Corp. (0975.HK), Mongolia's top coal producer by volume, has cut its 2013-14 overall output target by over 13% due coking and thermal coal price differentials, logistical issues and weaker demand, Chief Executive Battsengel Goto...
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Date:2012/08/09
According to the data from the foreign trade ministry, Brazil’s imports of flat steel products dropped by 38.7% year on year to 149,990 tons in July.In fact, the most Latin American countries’ imports dropped significantly due to the Brazilian curren...