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Date:2013/05/03
Brazil’s iron ore output totaled 375 million tons in 2012, up by 0.5% from a year ago, according to data released by the Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase).Meanwhile, the country’s gross re...
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Date:2013/04/26
China Steel Corp. (CSC), the biggest carbon steelmaker in Taiwan announced to cut its domestic prices for hot rolled (HR) steel products by US$20/ton to China for June.After the adjustment, its export prices for HR steel products are at US$615~US$620...
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Date:2013/04/28
Pakistan Today reported that American companies have shown interest in investing in the energy sector of Pakistan, considering its great potential in the power, oil and gas sectors. This was stated by Mr Miles Young, chairman of the US Pakistan Busin...
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Date:2013/05/03
According to data released by the Turkish Steel Exporters’ (CIB), Turkey exported 5.4 million tons of steel products in the first quarter of 2012, rising by 7.7% year on year. Meanwhile, the country’s export revenues generated by steel products total...
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Date:2013/04/25
Nippon Steel & Sumitomo Metal Corp (NSSMC) sets to bring up plate prices for domestic sales to reflect the higher raw materials costs caused by the rapidly weakening Japanese Yen.It’s known that some US$50/ton extra will be added from May spot sa...
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Date:2013/04/28
The National reported that the project will move ahead as soon as the Abu Dhabi Government hands the steel maker the gas allocation for the energy intensive facility, which will increase the company's output by almost a third.Mr Saeed Al Romaith...
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Date:2013/05/03
It’s reported that US Steel launched its financial result for the first quarter of 2013 on Tuesday.In the first quarter of this year, US Steel posted a net loss of US$73 million, in comparison of a net loss of US$50 million in a quarter ago.At the sa...
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Date:2013/04/25
It is reported that Finnish steelmaker Rautaruukki has introduced its new sales offices in Toronto (Canada) and Santiago (Chile) in order to meet and serve its customers in the Americas. The company will focus on the special steel products include hi...
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Date:2013/04/27
It is learned that Italian steelmaker Beltrame’s plant in Argentina is able to produce thick coil, which become the 2nd plant that able to produce thick coil in Latin America. The plant which costs US$250 million, 50% of it comes from Argentina’s Cen...
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Date:2013/05/02
It's reported that the world's largest nickel and palladium producer Norilsk Nickel (Norilsk) in Russia may suspend its operations of Tati Nickel mine in Botswana on a slump in metal prices.Global prices for nickel have fallen 10% since the...
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Date:2013/04/25
It’s reported that AK Steel announced that it will keep developing higher value-added stainless markets. James Wainscott, the CEO of AK Steel said that a lot of what they're targeting is really the pure commodity-type business.He pointed out tha...
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Date:2013/04/27
It is learned that Brazilian flat steel imports in March closed with a drop of 21.6%, compared to the previous month. According to the data of Brazil’s National Union of Steel Products Distributors (Sindisider), the volume that came from outside of t...
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Date:2013/05/02
According to data released by the American Iron and Steel Institute (AISI), the US’s weekly crude steel output totaled 1.866 million short tons in the week ended on April 27th, up by 0.4% from a week ago while falling by 7.3% year on year.In the give...
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Date:2013/04/24
Reportedly, Tokyo Steel announced to leave its list prices for all steel products unchanged for May.Also, the company has remained its list prices unchanged for consecutive two months.After the price announcement, the list prices for rebar with diame...
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Date:2013/04/27
It is reported that Iranian President Mahmoud Ahmadinejad this week in the opening ceremony of the coke production facility of Isfahan’s Mobarakeh Steel Mill, which is said to be Middle East’s largest coke production plant with an annual output capac...
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Date:2013/05/02
Japan’s exports of steel products totaled around 4 million tons in March, rising by 12.25% from a month ago and increasing by 4.8% year on year, according to data released by the Ministry of Finance.Meanwhile, the country’s export revenues generated ...
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Date:2013/04/24
Transaction values for almost all steel products recorded moderate decreases, in April, in northern Europe. The usual, seasonal upturn in activity in the early part of the year has not occurred. Demand from all the major consuming sectors for strip m...
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Date:2013/04/27
It is reported that Indonesia planned to re-investigate the anti-dumping duties on cold rolled coil from Japan and other countries. Last month the country decided to penalize imports of carbon steel cold rolled coil and sheet products with anti-dumpi...
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Date:2013/05/02
It’s reported that Indian miner Sesa Goa launched its financial result for the fourth quarter and the fiscal year 2012/13 ended on March 31st.Sesa Goa posted a net profit of INR2.98 billion for the fourth quarter of this year, slumping by 74% and its...
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Date:2013/04/24
Morgan Stanley raised its forecast for iron ore prices in the third quarter on prospects that demand will improve in China, the world’s biggest buyer, and a global surplus will be delayed to 2015. Ore with 62 percent iron content delivered to China m...