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Date:2013/04/19
It is reported that the Russian energy giant Gazprom planned to complete the study of the second stage of its Yamal-Europe natural gas pipeline by October this year. The new pipeline project will expects to transport 15 billion cubic meters/year of R...
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Date:2013/04/17
In the first quarter of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, totaled 1.613 million mt, up 9.7 percent year on year, as announced by the company.
In additio...
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Date:2013/04/18
India might become a net importer of iron ore this year. Port-based steel mills are preparing to use imported ore for their blast furnaces.The country witnessed its lowest ever ore export in 2012-13, estimated at close to 18 million tonnes (mt), a de...
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Date:2013/04/17
In February this year, Malaysia's manufacturing sales value fell 6.9 percent compared to February 2012, to RM 46 billion ($15 billion), while on seasonally adjusted terms the sales value decreased by 9.6 percent as compared with the preceding mo...
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Date:2013/04/18
The seaborne metallurgical coal market was relatively stable Wednesday with no significant price movements across all the met coal segment. Most market participants continued to adopt a wait-and-see position.Platts assessed premium low-vol hard cokin...
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Date:2013/04/16
According to data released by the US Geological Survey (USGS), the US produced around 4.2 million tons of iron ore in January, falling by 9.7% from a month ago but up by 0.7% year on year. Meanwhile, the US iron ore shipments totaled 3.1 million tons...
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Date:2013/04/16
In the week ended April 12, 3-month and 15-month prices switched to an uptrend in the London Metal Exchange (LME) billet market, after the strong falls recorded in the overall market in the previous three weeks. The following prices were recorded in ...
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Date:2013/04/16
ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, has stated that in April it plans to ship around 255,000-260,000 mt of rebar, almost unchanged compared to March, including shipments of 25,000-30,000 mt of rebar to ...
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Date:2013/04/11
It is reported that Russia’s largest iron ore producer Metalloinvest planned to commission the third hot briquetted iron (HBI) plant at its Lebedinsky iron ore mining and processing plant (LebGOK) in the Belgorod region, west Russia, in early 2016. M...
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Date:2013/04/15
It’s reported that Ukrainian steel pipes importers have used 92.97% of their annual quota on imports of steel seamless casing and tubing with diameters up to 406.4 mm as of March 31st. The unused quota volume was only 1,237 tons.Among them, Russia us...
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Date:2013/04/11
It’s reported that the H2 scrap base prices dropped to ￥33,500~￥34,000/ton in the Japanese Osaka region on April 5th.The local steel mills announced to cut scrap purchasing prices by ￥500~￥1,000/ton after Tokyo Steel decided to reduce its scrap purch...
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Date:2013/04/15
Struggling steel product retailer Alert Steel’s prospects were boosted on Thursday when it said that American company Cannistraro had bought a majority stake in it and would make an offer to buy out the rest.Alert Steel has tried to restructure opera...
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Date:2013/04/08
A new report by Morgan Stanley forecasts that the supply of seaborne iron ore – currently just above 1 billion tonnes per year – will grow 9.1% in 2013, overwhelming demand and pushing the market for the steelmaking raw material into bear territory.A...
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Date:2013/04/10
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan is going to announce its list prices for electric furnace (EF) Al-killed wire rods for May.Market participants predicted that CSC might leave its list prices for EF Al-killed wire rods ...
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Date:2013/04/15
The US rebar imports totaled 66,950 tons in February, decreasing by 33.4% year on year and falling by 36% from a month ago, according to data released by the US International Trade Commission (ITC).The country’s import values generated by rebar total...
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Date:2013/04/08
“Telecom which was the golden goose that was having lakhs of crore in its kitty, today has only INR 1,000 crore and is in debt of INR 2.50 lakh crore” said that Mr Kapil Sibal, Minister of Communications and Information Technology, who was speaking a...
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Date:2013/04/10
It’s reported that Korea has become the largest steel wire products supplier to Taiwan. According to statistics, Taiwan imported around 15,000 tons of steel wire products from Korea in the first two months of this year, driven by increased imports of...
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Date:2013/04/12
Reportedly, Korean super giant steelmaker Posco has forged a strategic agreement of joint venture with Indian Jindal Stainless Ltd., the largest integrated manufacturer of stainless steel in India to assist Jindal Stainless to be able to sell stainle...
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Date:2013/04/08
The Hindu reported that to offset the revenue loss incurred following the ban on handling dusty cargoes such as coal and iron ore, the Chennai Port Trust has identified five projects with an investment of INR 935 crore. Besides, it will appoint a con...
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Date:2013/04/10
It is reported that Korea’s Posco planned to decrease export prices by US$10~US$20/ton for cold rolled coil to China for May shipments compared with contracted prices for the previous month. However, the company has not public the office price yet at...