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Ezz Steel Reported Its Financial Result for The First Half of This Year

Oct 28, 2013

It’s reported that Ezz Steel, the largest integrated steelmaker reported its financial result for the first half of this year. The company posted a net profit of EGP302 million of the first half of this year, in comparison of a net ...

Tags: Ezz Steel, Mineral

Novelis Completed Its US$200 Million Expansion to Its Aluminum Manufacturing Plant

Oct 28, 2013

Novelis Inc. completed its US$200 million expansion to its aluminum manufacturing plant in Oswego this week. The expansion added 240,000 tons of capacity to produce aluminum auto sheet for Novelis and added more than 100 jobs at the ...

Tags: Novelis, Oswego

Metalloinvest States That It Is Implementing a Program for Increasing Pig Iron Production

Oct 28, 2013

Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest has stated that it is implementing a program for increasing commercial pig iron production at Ural Steel, which includes modernisation of the pig iron ...

Tags: Metalloinvest, Pig Iron

Minmetals Development Announces That It Launch an E-Commerce Platform for Steel Industry

Oct 28, 2013

Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. has announced that it plans to launch an e-commerce platform for the iron and steel industry within the current year. Wang Jing, an ...

Tags: Minmetals Development, Commerce Platform

Long Luck Is Building a New $36 Million Steel Mill in The Samutsakorn District of Bangkok

Oct 28, 2013

Thailand-based Long Luck Group is building a new $36 million steel mill in the Samutsakorn district of Bangkok, according to Asia Pacific Investment House (APIH), the lead funding arranger for the project. The Long Luck Steel Mill will ...

Tags: Steel Mill, Mineral

POSCO Has Announced Its Financial Results for The Third Quarter

Oct 28, 2013

South Korean steelmaker Pohang Iron and Steel Co. (POSCO) has announced its financial results for the third quarter, while for the full year it said it expects sales revenues of KRW 63 trillion ($59.2 billion), down from KRW 63.6 trillion ...

Tags: Posco, Revenues

Timken Reported Thursday Third-Quarter 2013 Sales of $1.1 Billion, a 7 Percent Decrease

Oct 28, 2013

Canton, Ohio-based The Timken Company reported Thursday third-quarter 2013 sales of $1.1 billion, a 7 percent decrease compared with the same period a year ago, primarily due to weaker demand from the company's broad end markets, partially ...

Tags: Steel Segment, economic growth

Turkey's Total HRC Exports Increased by 73.48 Percent Year on Year to 54,616 Metric Tons

Oct 28, 2013

In August this year, Turkey's total hot rolled coil (HRC) exports increased by 73.48 percent year on year to 54,616 metric tons, while decreasing by 42 percent compared to the previous month, according to the data provided by the Turkish ...

Tags: HRC Exports, Mineral

MMK Metalurji's Finished Steel Output Decreased by 14 Percent Quarter on Quarter

Oct 28, 2013

Russian steel giant Magnitogorsk Iron and Steel Works (MMK) has announced that its Turkey-based subsidiary MMK Metalurji's finished steel output decreased by 14 percent quarter on quarter to 144,000 mt in the third quarter of the current ...

Tags: MMK Metalurji, Finished Steel

US Announced That Total August Exports of $189.2 Billion and Imports of $228.0 Billion

Oct 28, 2013

The US Census Bureau and the US Bureau of Economic Analysis, through the Department of Commerce, announced Thursday that total August exports of $189.2 billion and imports of $228.0 billion resulted in a goods and services deficit of $38.8 ...

Tags: Trade Deficit, Mineral

Daye Special Steel Announces That Its Net Profit Totaled RMB 167 Million

Oct 28, 2013

Hubei Province-based Chinese steelmaker Daye Special Steel Co. has announced that in the first nine months this year its net profit totaled RMB 167 million ($27.3 million), down 19.1 percent year on year. In the July-September quarter of ...

Tags: Daye Special Steel, Mineral

Baker Hughes Reported That The US Rig Count Declined by One to 1,738

Oct 28, 2013

Baker Hughes reported that for the week ending October 25, the US rig count declined by one to 1,738, compared to a four-rig decrease the previous week. The rig count was down by 88 from 1,826 rigs during the same week a year ago. The oil ...

Tags: Rig Count, Count Lags

New Orders for Manufactured Durable Goods Increased $8.2 Billion or 3.7 Percent

Oct 28, 2013

According to a release from the US Census Bureau Friday, new orders for manufactured durable goods in September increased $8.2 billion or 3.7 percent to $233.4 billion. This increase, up five of the last six months, followed a 0.2 percent ...

Tags: durable goods, Mineral

Reliance Reported Its Financial Results for The Third Quarter Ended September 30, 2013

Oct 28, 2013

Reliance Steel & Aluminum Co. reported Friday its financial results for the third quarter ended September 30, 2013, indicating sales of $2.44 billion, which reflect an 18.9 percent increase year-on-year, but a 0.2 percent decrease from Q2 ...

Tags: Reliance Steel, Mineral

Chengde Steel Produced 109,505.5 Mt of High-Strength Anti-Seismic Rebar

Oct 28, 2013

On October 25, Chinese steelmaker Hebei Iron and Steel Group announced that in the January-September period of the current year its Hebei-based subsidiary Chengde Iron and Steel Co. (Chengde Steel) produced 109,505.5 mt of high-strength ...

Tags: Anti-Seismic Rebar, Mineral

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