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US Domestic Raw Steel Production Was 1,875,000 Net Tons

May 29, 2014

According to the American Iron and Steel Institute, in the week ending May 24, 2014, US domestic raw steel production was 1,875,000 net tons while the capability utilization rate was 78.0 percent. Production was 1,833,000 net tons in the ...

Tags: Raw Steel, Iron

Cabral Resources Plans to Obtain All The Environmental Permits It Needs

May 29, 2014

Australia-based Cabral Resources plans to obtain all the environmental permits it needs for its Sincora iron ore project in the state of Bahia, Brazil, by September this year, the company announced this week. “Cabral is currently ...

Tags: Iron Ore, Cabral Resources

The Aggregate Gross Profits of Large Increasing by 10.0 Percent Year on Year

May 29, 2014

In the January-April period of the current year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 1.76287 trillion ($0.288 trillion), increasing by 10.0 percent year on year, according to ...

Tags: ferrous metal, processing industry

China Exported 339,407 mt of Stainless Flat Steel Products

May 29, 2014

In April this year, China exported 339,407 mt of stainless flat steel products, up 38.67 percent over 244,780 mt in March, and up 72.39 percent compared to the same period last year, according to the latest data from the Chinese customs ...

Tags: Stainless Steel, Flat Steel

Cleveland Is Further Reducing Its Expected 2014 Capital Spending Range

May 29, 2014

Cleveland, Ohio-based Cliffs Natural Resources Inc. has announced that it is further reducing its expected 2014 capital spending range by approximately 25 percent, or $100 million, to $275-325 million. Cliffs indicated that the lower ...

Tags: Iron Ore, Natural Resources

The Import Price of Iron Ore in Germany Decreased by 20.4 Percent Year on Year

May 29, 2014

According to a report released by the German Federal Statistical Office (Destatis), in April of the current year the import price of iron ore in Germany decreased by 20.4 percent year on year and was down 7.5 percent month on month. In ...

Tags: Iron Ore, import price

JSW Posting a Net Profit of Inr 4.62 Billion, up 40.8 Percent Year on Year

May 29, 2014

Major Indian steelmaker JSW Steel (JSW) has announced its financial and operational results for the fourth quarter ended March 31 of the financial year 2013-14, posting a net profit of INR 4.62 billion ($78.4 million), up 40.8 percent year ...

Tags: JSW Steel, steelmaker

Iran Is Loading Eight LPG Cargoes Totaling 317,000 Mt in May for Export to Asia

May 29, 2014

Iran is loading eight LPG cargoes totaling 317,000 mt in May for export to Asia, the biggest monthly volume since resuming shipments in May 2013 following an eight-month halt on concerns over an EU ban on shipping insurance, shipping and ...

Tags: LPG, SK Gas

Unwrought Aluminum Inventories Were up 144,000 Mt From March and up 137,000 Mt From April

May 29, 2014

Global unwrought aluminum inventories at the end of April were up 144,000 mt from March and up 137,000 mt from April 2013, according to figures released Tuesday by the International Aluminium Institute. Unwrought inventories totaled 1.355 ...

Tags: Aluminum Stocks, unwrought aluminum

Political Instability in Thailand Has Cast a Shadow on The Country's Auto Market

May 29, 2014

Political instability in Thailand has cast a shadow on the country's auto market and stands to reduce demand and output in the coming months, Japanese automotive components supplier sources said Tuesday. Japanese automakers with ...

Tags: Automakers'Output, automakers

Ethanol Fell 4.2% in The First Half of May as Fewer Mills Are Grinding Sugar Cane

May 29, 2014

Ethanol production in Brazil's important center-south region fell 4.2% in the first half of May from the same period of 2013 as fewer mills are grinding sugar cane, according to data released Tuesday by cane-grower's trade group Unica. ...

Tags: Ethanol Output, Ethanol

The May US Contract Price for Acetone Settled 1 Cent Lower at 66.25 Cents/Lb

May 29, 2014

The May US contract price for acetone settled 1 cent ($22.05/mt) lower at 66.25 cents/lb ($1,460.55/mt), sources said Tuesday. There were expectations amongst market participants for the settlement to decline despite snug supply, because ...

Tags: acetone, co-product of acetone

Australia's Newcastle Port Exported 2.8m Mt of Thermal and Coking Coal in The Week

May 29, 2014

Australia's Newcastle port exported 2.8 million mt of thermal and coking coal in the week to Monday, falling 19% on the week, as the port's vessel queue continued to shrink, according to the Newcastle Port Corporation's latest weekly ...

Tags: thermal, coking coal

GAIL Announced Natural Gas Transmission and Sales Volumes Fell

May 29, 2014

India's state-owned gas transportation utility GAIL Monday announced another quarter in which natural gas transmission and sales volumes fell, as domestic production continued to decline. GAIL's natural gas transmission for the ...

Tags: natural gas, trunk pipeline

EU Proposal: Naftogaz Pays Gazprom $2 Billion in Exchange for Talks on a New Gas Price

May 29, 2014

Ukrainian gas company Naftogaz and Russian gas company Gazprom are considering an EU proposal where Naftogaz pays Gazprom $2 billion by Friday in exchange for talks on a new gas price and no prepayment in June, the European Commission said ...

Tags: EU energy, Russian Gas

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