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Date:2012/08/06
It’s reported that the US scrap suppliers postponed the quotes to Taiwan as the current offers at US$395/ton C&F are unfavorable to the Taiwanese buyers.It’s known that the scrap prices are expected to surge by US$30~US$60/ton in the US market in...
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Date:2012/08/08
Mr. Hamidreza Taherizadeh vice chairman of the association of Iranian steel producers said that Iran’s steel production has increased by 5 million tons to reach 17 million tons over the past two years, in spite of the economic sanctions.In the first ...
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Date:2012/08/06
Thermal coal output in Indonesia, the world's top exporter of the fuel, could be steady this year with 2011, at around 360 million tonnes(MT), an industry group said on Tuesday, cutting its forecast as a global oversupply puts pressure on the in...
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Date:2012/08/06
It’s reported that Nippon Steel & Sumikin Stainless (NSSC), the largest stainless steel producer in Japan announced to cut the domestic prices of austenitic cold rolled coil (CRC) and plates by ￥10,000/ton for August contract.However, the firm ke...
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Date:2012/08/08
Last week, South Korean Hyundai Steel purchased 30,000 tons of scraps from Japan, including H2 scrap with ￥27,500/ton FOB, P&S scrap with ￥30,500/ton FOB and Shindachi scrap with ￥31,000/ton FOB, rising by ￥500/ton from the previous purchase.The ...
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Date:2012/08/03
The US flat products market was described as "steady but slow” in July. The lack of orders kept delivery lead times very short. In an attempt to halt the downward price spiral, leading mills announced hikes of $US40 per short ton on all strip mill pr...
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Date:2012/08/06
Reportedly, Posco Specialty Steel (Posco SS) announced to cut the domestic prices of austenitic stainless wire rod and bar for August deliveries in response to declined nickel prices.Posco SS decided to reduce the domestic prices of stainless wire ro...
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Date:2012/08/02
According to statistics released by the Japan Iron and Steel Federation (JISF), Japan imported 3.931 million tons of steel products in the first half of this year, falling by 1.9% year on year.Among them, 2.202 million tons were general steel product...
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Date:2012/08/03
Cougar Energy is considering a potential divestment of non strategic tenements in Australia to focus on its underground coal gasification strategy in Asia. The company is continuing negotiations with local partners in China, Mongolia and Indonesia to...
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Date:2012/08/01
Reportedly, Yieh United Steel Corp. (Yusco), one of the major stainless steel producers in Taiwan announced to cut the list prices for 300 and 400 grades stainless steel products by NT$1,000/ton for August, in response to falling nickel prices and we...
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Date:2012/08/03
Thermal coal output in Indonesia, the world's top exporter of the fuel, could be steady this year with 2011, at around 360 million tonnes, an industry group said on Tuesday, cutting its forecast as a global oversupply puts pressure on the indust...
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Date:2012/08/01
It’s reported that South Korean Hyundai Steel bid ￥26,500~￥27,000/ton for the Japanese H2 scrap, remaining flat in comparison of the purchase prices in a week earlier.At the same time, the company also bid ￥30,000/ton FOB and ￥30,500/ton FOB for the ...
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Date:2012/08/03
UK based MEPS said that Brazilian flat product steelmakers adopted aggressive pricing positions during July 2012. Distributors have condemned the upward adjustment as unwarranted given the current trading climate and are deliberating whether to rever...
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Date:2012/08/01
Reportedly, Quintain Steel, one of the major wire rod producers in Taiwan announced to keep its list prices for wire rod products unchanged for August.Quintain Steel stated that it decided to remain the August list prices unchanged in response to Chi...
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Date:2012/08/03
Tehran Times reported that Iran produced over 5 million tonnes of crude steel during the first 4 months of this year which began on March 20th 2012 showing a 7.1% growth YoY. Output hit 4.68 million tons in the same period last year.Mr Vajihollah Jaf...
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Date:2012/08/01
ERAMET, a mining and metallurgical company in France said on Monday that its sales profits in the first half of this year totaled €81 million, falling substantially from €366 million in the same period of a year earlier, due to slumped prices of nick...
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Date:2012/08/02
It’s reported that the quotes of the US container scrap to Taiwan have continued rising this week.It’s known that a major scrap supplier in the US offered HMS 80:20 (1&2) and shredded scrap quoted at US$392/ton C&F and US$399/ton C&F resp...
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Date:2012/08/01
It’s reported that Ohio-based AK Steel announced to raise the spot market base prices for its carbon flat rolled steel products further by US$40/short ton on its last Friday, driven by rising scrap prices.Industry sources said that AK Steel’s price r...
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Date:2012/08/02
According to statistics released by the American Iron and Steel Institute (AISI), the US produced 1.846 million short tons of crude steel in the week ended on July 28th, up by 0.5% from 1.837 million short tons in a week earlier.Also0, the figures ro...
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Date:2012/07/31
Reportedly, Goldman Sachs still sees values in Western African iron ore producers in spite of current low iron ore prices.Goldman Sachs rates African Minerals a buy with a target price of 685 pence, London Mining is a buy with target prices of 335 pe...