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Date:2013/02/21
Reportedly, Brazilian steelmaker Usinas Siderrgicas de Minas Gerais SA (Usiminas) planned to stop the operation in Cubatão facility and it will not affect the company’s business. Currently, Usiminas has eight continuous casters included four in ...
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Date:2013/02/22
Namik Ekinci, the Chairman of Turkish Steel Exporters’ Association, said Turkey would regain the Malaysia wire rod market that has lost for a short while due to the duty investigation. Malaysia has firm to implement anti-dumping against steel wire ro...
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Date:2013/02/26
Reportedly Argentina’s steel industry is expected to invest USD470 million in boosting product capacity and product quality in 2013. The investment figure was up by 20% YoY, according to a report by the Steel Chamber Argentina. Meanwhile, crude steel...
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Date:2013/02/20
The Specialty Steel Industry of North America Tuesday released statistical data on imports, US consumption, and import penetration for year-to-date November 2012. The data represents US consumption, imports, and import penetration for November 2012 c...
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Date:2013/02/22
According to the Turkish Steel Exporters' Association (CIB) announced that the Malaysian government has to withdraw antidumping duties on imports of wire rod from Turkey. Obviously, it is a great move for both countries for a long term business ...
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Date:2013/02/26
Australia's three major iron ore ports were shut down on Monday, February 25, as the tropical cyclone Rusty was closing in on the coast of Western Australia, according to media reports. With rough sea conditions forcing suspension of ship l...
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Date:2013/02/20
According to data from the American Iron and Steel Institute (AISI), for the month of December 2012, US steel mills shipped 7.5 million net tons, a 1.2 percent increase from the 7.4 million net tons shipped in the previous month, November 2012, and a...
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Date:2013/02/22
It’s reported that Japan’s Tokyo Steel announced to hike its scrap purchasing prices by ￥500/ton at its five works from February 21st.After the adjustment, its H2 scrap purchasing prices averaged at ￥32,000~￥33,500/ton.Meanwhile, the company has hike...
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Date:2013/02/26
According to the provisional data released by the Japanese Ministry of Finance, in January this year Japan's iron and steel product exports came to 3.6 million metric tons, decreasing by 5.5 percent month on month and up 24.4 percent as compared...
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Date:2013/02/20
On Tuesday, Relational Investors LLC announced that Relational and the California State Teachers Retirement System (CalSTRS), collectively owners of 7.31 percent of The Timken Company, sent a joint letter to the Board of Directors of Timken once agai...
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Date:2013/02/22
Ohio-based AK Steel announced a net loss of US$230.4 million for the fourth quarter of 2012, which were worse than a net loss of US$60.90 million in a quarter ago and US$193.9 million in the same period of a year ago.In the fourth quarter of 2012, AK...
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Date:2013/02/25
According to the industry ministry in Kuala Lumpur reported that Malaysia announced to initial investigation review on imports of electrolytic tinplate from China and Korea. The investigation was requested by local producer Perstima and applies to pr...
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Date:2013/02/20
The American Iron and Steel Institute (AISI) reported Monday that US raw steel production fell 0.4 percent in the week ending February 16, following a 1.2 percent increase the previous week.
Total raw steel production in the United States amounted to...
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Date:2013/02/22
Fortescue Metals Group (FMG), the third largest iron ore producer in Australia announced that its iron ore output totaled 67.77 million tons in 2012, soaring by 25.7% year on year. Its total shipments reached 66.09 million tons, jumping by 40% year o...
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Date:2013/02/25
Reportedly, Hungary’s largest steelmaker Dunaferr announced that the company was not able to agree on this year’s pay raises situation. Meanwhile, the company’s employees have requested of minimum 5% salary increase for 2013 but it didn’t agree by th...
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Date:2013/02/20
The Metals Service Center Institute (MSCI) reported Monday that US steel service center shipped 3.6 million tons of steel products in January 2013, representing a decrease of 2.1 percent from January 2012. Steel product inventories were 8.7 million t...
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Date:2013/02/21
The Australian steelmaker Bluescope Steel posted a net loss of AUD12 million in the first half of fiscal year 2012/13 ended on December 31st, in comparison of a net loss of AUD530 million in the same period of a year ago. In the first half of fiscal ...
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Date:2013/02/25
The world's largest mining company BHP Billiton on 20, 2013 has appointed of a new Chief Executive Officer Andrew McKinsey, the task is to deal with the future iron ore bull market peaked and to find new profit growth point for the company. The ...
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Date:2013/02/19
Nippon Steel & Sumikin Shapes (NSSS), a subsidiary of Nippon Steel & Sumitomo Metal Corp (NSSMC), the largest steelmaker in Japan informed its distributors to raise the prices of H beam by ￥3,000/ton for February contracts.A spokesman of NSSS...
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Date:2013/02/21
It’s reported that Feng Hsin, one of the major steel long product makers in Taiwan announced its price policy for this week.The company decided to raise its rebar and scrap purchasing prices by NT$200/ton for this week. Besides, the company remained ...