Domestic spot prices of high carbon ferrochrome (50% basis Cr) in China were unchanged week-on-week at Yuan 6,600-6,800/mt (81-83.5 cents/lb) delivered with 17% VAT on Wednesday as the market waited for May purchase prices from the ...
The SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting has started in Barcelona today, March 31, with the participation of over 250 executives, including 101 representatives from 47 steel producer companies and 44 representatives from ...
Tags: Metallurgy, Mineral, Energy, Steel
Sentiment in the Turkish steel scrap import market remained strong Tuesday, but prices slipped modestly on a the back of a cheaper deal. A European merchant sold 40,000 mt of Heavy Melting Scrap I and HMS I/II to a medium-sized Turkish ...
The global long steel products market has resumed business after the holiday period, as activity had stopped in many countries from the middle of December up to the first week of January, according to the short-range outlook report issued ...
Tags: Long Steel Market, Mineral
China on Monday unveiled a list of 58 companies that should cut their excess production capacity by the end of the year as a part of the country's economic restructuring drive. The enterprises are from 13 industries with overcapacity, ...
Tags: Production Cuts, overcapacity
ICE October Brent dipped to its lowest level in a week then settled $2.40 lower at $113.72/barrel Monday, while NYMEX crude also fell as uncertainty over a potential US strike against Syria remained. In after-hours trade, October Brent ...
Tags: Chemicals
Central Appalachian thermal coal prices fell for a fourth consecutive session on Wednesday, pushing front-year calendar prices to multi-year lows. Both the CAPP barge physical and rail (CSX) swap contracts traded lower in a mid-afternoon ...
Tags: Chemicals
International ratings agency Moody's has announced that it has downgraded the credit rating of Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, to B2 from B1, reflecting Moody's expectation of ...
Tags: Coal Company, coking coal
The situation as regards excess supply in certain areas of the global long steel products market remained the same in July as compared to June, according to the market outlook released by IREPAS, the global association of producers and ...
Tags: Long Steel Market, Mineral
OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank
Europe's refiners are likely to raise production in July because gains in product premiums have recently outpaced crude prices, traders said Thursday. This could mark the end of a period of limited production in Europe that has lasted ...
Tags: European, Chemicals, Production
The Northwest European styrene monomer benchmark has climber $137.50/mt or 8.9% from a year-to-date low of $1,537.50/mt on April 22 to $1,675/mt FOB ARA Tuesday, Platts data showed. The rally was due to a combination of increasing demand ...
Tags: NWE Styrene, styrene monomer
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
US domestic flat rolled price increases in Q4 2012 and Q1 2013 did not stick due to lackluster demand, overcapacity woes and import competition, executives at Reliance Steel & Aluminum said during the company's Q1 2013 conference call on ...
Tags: Reliance Steel, US Flats Market
Ugur Dalbeler, CEO of Colakoglu Metalurji, one of Turkey's leading steel producers, has assessed the market situation after the decline seen in scrap prices, stating that in the last six months Turkish steel producers have been working with ...
Tags: Dalbeler, Scrap Prices