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WISCO Received Official Approval From The Hubei Provincial Government

May 14, 2013

Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) has announced that it has received official approval from the Hubei provincial government for the transfer, free of charge, of the 22.4 percent stake in ...

Tags: WISCO, Echeng Steel

ITC Made an Affirmative Preliminary Injury Determination in The Antidumping Investigation

May 14, 2013

On Friday, the US International Trade Commission (ITC) made an affirmative preliminary injury determination in the antidumping investigation of diffusion-annealed, nickel-plated flat-rolled steel products from Japan. The vote was five to ...

Tags: Nickel-Plated Flat Steel, Mineral

in The First Four Months of The Current Year Motor Vehicle Sales in Turkey Rise by 13.2%

May 14, 2013

According to the Turkish Automotive Manufacturers Association (OSD), in the first four months of the current year motor vehicle sales in Turkey totaled 237,789 units, rising by 13.2 percent as compared to the corresponding period of the ...

Tags: Motor Vehicle, Mineral

Club Ride Sales in The First Quarter Increased by 154 Percent Over Last Year

May 14, 2013

Club Ride sales in the first quarter increased by 154 percent over last year, partners in the Idaho-based clothing brand said this week. The sales growth was about 9 percent greater than internal projections. “We remain confident ...

Tags: Club Ride, Ride

Turkey's Monthly Industrial Turnover Index in March This Year Increased by Two Percent

May 14, 2013

According to the statistics released by the Turkish Statistics Institute (TUIK), Turkey's monthly industrial turnover index in March this year increased by two percent compared to the same month of the previous year and was up 13.1 percent ...

Tags: Basic Metals, Mineral

Taiwan's Export Value of Iron and Steel and Articles Amounted to $1.45 Billion

May 14, 2013

According to the statistics released by the Taiwanese Ministry of Finance, in April this year Taiwan's export value of iron and steel and articles made from iron and steel amounted to $1.45 billion, decreasing by 8.2 percent compared to the ...

Tags: Steel Export, Mineral

South Korea's Total Car Output Decreased by 2.5 Percent Year on Year

May 14, 2013

In April this year, South Korea's total car output decreased by 2.5 percent year on year and was up 5.7 percent compared to March this year, totaling 386,446 units, according to a report released by the Korean Ministry of Knowledge Economy ...

Tags: Car Output, Auto

Prices Rose Strongly in The London Metal Exchange Billet Market

May 14, 2013

In the week ended May 10, prices rose strongly in the London Metal Exchange (LME) billet market, after the downtrend recorded in the previous week. Previously, strong declines had been recorded in the market. The following prices were ...

Tags: LME Billet Market, Mineral

Shandong Iron and Steel Group Co. Is Planning Its Second Issue of Medium-Term Notes

May 14, 2013

On May 13, Shandong Province-based Chinese steelmaker Shandong Iron and Steel Group Co. announced that it is planning its second issue of medium-term notes for the current year, with the notes in question valued at RMB 3 billion ($487.8 ...

Tags: Shandong Steel Group, Mineral

London Mining Announced Its Operational Results for The First Quarter of 2013

May 14, 2013

UK-based London Mining, a global diversified miner targeting the steel sector, has announced its operational results for the first quarter of 2013, reporting a total sales volume of 589,000 wet mt of iron ore concentrate, compared to ...

Tags: London Mining, Iron Ore

Japan's Cold Rolled Sheet and Strip Shipments Decreased by 3.3 Percent

May 14, 2013

In the first quarter of this year, Japan's cold rolled sheet and strip shipments decreased by 3.3 percent compared to the same quarter of the previous year and were up by 9.2 percent on quarter-on-quarter basis, according to the Japan Iron ...

Tags: CR Sheet, Strip Shipments

Demand in The Global Long Steel Products Market Failed to Show The Long-Awaited Recovery

May 14, 2013

Another month has passed in which demand in the global long steel products market has failed to show the long-awaited recovery, according to the market outlook released by IREPAS, the global association of producers and exporters of long ...

Tags: Hinders Price, Global Longs Market

India's Finished Steel Consumption Was up 3.5 Percent to 5.6 Million Mt

May 14, 2013

India's finished steel consumption was up 3.5 percent to 5.6 million mt in April of the current year, compared to the 5.4 million mt recorded in the same month last year, according to provisional estimates released by the Joint Plant ...

Tags: Finished Steel, Mineral

Egyptian President Mohamed Morsi Called for The Expediting

May 14, 2013

According to Egypt State Information Service, Egyptian President Mohamed Morsi has called for the expediting of the Suez Canal Corridor Development project given its positive effect in supporting the Egyptian economy, attracting investment ...

Tags: Canal Corridor Project, Mineral

Celik-Union's Request for a 42 Percent Pay Rise

May 14, 2013

According to Turkey's Dogan News Agency, the collective labor agreement negotiations going on since January at Turkish long steel producer Kardemir have been concluded. After a meeting with Kardemir, Celik-Union's request for a 42 percent ...

Tags: Collective Labor Agreement, Mineral

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