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Date:2012/07/30
Murilo Ferreira, the CEO of the Brazilian mining giant Vale said that the firm will achieve the target to produce 310 million tons of iron ore this year.In the first half of this year, Vale produced 150 million tons of iron ore and the sales volumes ...
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Date:2012/07/26
The prospect of Russian steel industry is expected to be dim after joining WTO, according to Russian news network on July 20. It is also reported that the average profit in Russian steel industry in 2012 has declined by 17% to only 12% since 2007. On...
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Date:2012/07/24
Reportedly Tokyo Steel, the largest steelmaker in Japan has reported an operating loss of nearly ￥6,000 million and a net loss in April to June 2012.The total sales figures amounted to ￥45,462 million. The loss figures went far beyond the estimate in...
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Date:2012/07/27
According to statistics, the US imported 199,000 short tonnes of steel long products in June 2012, falling by 17% MoM in comparison of 239,000 short tonnes in May 2012.Among them, the imports of merchant bars decreased substantially by 40% MoM and th...
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Date:2012/07/26
Algerian traders expect that the local demand for steel rebar for September will be better due to hectic building industry in the period of Ramadan. Although the local price was down by nearly €40/ton last week, most South European mills would increa...
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Date:2012/07/24
Taiwanese China Steel Corp. (CSC) has released its latest domestic prices for September, decreasing by roughly 5.1% and US$38/ton on average from a month ago as expected. CSC believes the latest prices could be tight to global steel prices after pric...
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Date:2012/07/27
It’s reported that the Australia’s iron ore exports are expected to rise by 9% to reach 479 million tons in 2012, driven by the expansion of new production.It’s known that Rio Tinto planned to commission new mine projects this year and BHP Billiton h...
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Date:2012/07/26
According the report, the world’s largest steelmaker AcerlorMittal reported at 28% drop in second quarter due to economic downturn leaded to lower demand and steel prices.Its earnings before tax were $2.4 billion from $ 3.4 billion same period last y...
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Date:2012/07/24
According to the data from information provider The Steel Index, the spot reference price for 62% Fe grade imports at China’s Tianjin Port fell by 2.1% Thursday to US$125.60 a dry metric ton. It is the benchmark’s lowest level since November 7th and ...
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Date:2012/07/27
It’s reported that the US’s scrap quotes to Turkey have increased recently.It’s known that the US scrap suppliers offered the scraps quoted at US$400/ton C&F to Turkey last week; however, the prices were unfavorable to Turkish buyers.Meanwhile, i...
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Date:2012/07/25
Recently, South Korean Hyundai Steel purchased the H2 scrap from Japan with prices of ￥26,500~￥27,000/ton FOB. Besides, the firm is mulling to buy the P&S and Shindachi scraps from Japan.It’s known that Hyundai Steel bid ￥29,000/ton FOB and ￥29,5...
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Date:2012/07/24
It’s reported that Australian mining giant Anglo American said on July 20th that its iron ore output in the second quarter of fiscal year 2012 totaled 12.90 million tons, increasing by 12% in comparison of that in the same period of time, driven by s...
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Date:2012/07/25
According to data released by the World Steel, the global crude steel output totaled 128 million tons in June, down slightly by 0.1% year on year.In June, China’s crude steel output increased slightly by 0.6% year on year to 60.2 million, a slower gr...
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Date:2012/07/24
According to report, Brazilian miner Vale reported its iron ore exports totaled 121.92 million tons in the first half of this year, steady from the same period last year of 122.27 million tons.About other rivals, MMX reported its first half shipments...
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Date:2012/07/23
According to the Vietnam Steel Association (VSA), Vietnam’s production of construction steel long products totaled 2.31 million in the first half of this year, decreasing by 10.6% year on year. Also, the country’s sales of construction steel long pro...
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Date:2012/07/23
Reportedly, the Japanese blast furnace (BF) mills are having a price negotiation for steel wire with Asian buyers for August and September delivery.It’s known that the Japanese BF mills are seeking to raise the prices due to strong demand from automo...
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Date:2012/07/23
It's reported that the U.S. International Trade Commission (ITC) announced on July 17, 2012 to make the final affirmative ruling on the rapid sunset review of anti-dumping against stainless steel bars originating in Brazil, India, Japan and Spai...
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Date:2012/07/19
Tokyo Steel announced to hike its list prices for certain steel products by ￥1,000~￥2,000/ton and to remain the list prices for the rest of its products unchanged for August contracts.The price rise of ￥2,000/ton will be applied for pickled & oil...
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Date:2012/07/23
According to report of World Bureau of Metal Statistics (WBMS), the global nickel supply was in a surplus of 26,000 tons in the first five months of this year.Until the end of May, the nickel stocks at LME rose by 9,400 tons, compared to that in the ...
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Date:2012/07/19
The US International Trade Commission (USITC) said on Tuesday that it determined to remain the existing antidumping duty on stainless steel bar from Brazil, India, Japan and Span.The USITC found that the revoking of this antidumping case would likely...