Real steel consumption in the European Union is forecast to increase by almost 2.5 percent in the current year, revised up from the previous growth estimate of two percent, according to the Economic and Steel Market Outlook 2014-2015/Q3 ...
Tags: steel, increase, Metallurgy, Mineral
Economic data confirm that the recovery in the EU is taking hold, although growth momentum remains rather modest, according to the Economic and Steel Market Outlook 2014-2015/Q3 2014 Report from the Economic Committee of the European Steel ...
Tags: Recovery, EU, Metallurgy, Mineral
Swedish specialty steel producer SSAB has posted its financial results for the first half of the current year, reporting a net profit of SEK 86 million ($12.6 million), compared to a net loss of SEK 281 million in the corresponding period ...
According to the Economic and Steel Market Outlook 2014-2015/Q3 2014 Report from the Economic Committee of the European Steel Association (EUROFER), in the first quarter of the current year construction activity in the European Union (EU) ...
Tags: EUROFER, residential construction
Finland-based stainless steel producer Outokumpu has announced its financial results for the second quarter of the current year, indicating that stainless steel demand continued to recover and base prices increased moderately in both Europe ...
Tags: Outokumpu, Announce, Financial Results
Mexico was the country that contributed most to the growth in consumption of rolled steel in Latin America in the first five months of this year, reveal data from the Latin American Steel Association (Alacero). According to figures from ...
As of July 28, inventory of iron ore at 33 major Chinese ports amounted to 111.87 million mt, down 2.4 million mt or 2.1 percent compared to the inventory level recorded on July 21, as announced by China's Xinhua News Agency on July 29. ...
Tags: Iron Ore Inventory, Down, Xinhua-China
Mexico recorded the largest trade deficit of imports over exports throughout Latin American rolled steel, with 1.5 million tons in the first five months of 2014, said the Latin American Steel Association (Alacero). The apparent ...
Tags: Mexico, recorde, largest trade deficit
The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the first quarter ended June 30 of the financial year 2014-15, posting a net profit of JPY 48.3 billion ...
Tags: NSSMC, announce, financial results
According to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products, global demand has remained at reasonable levels during the course of the last 30 days. The market has ...
Tags: Metallurgy, Mineral, Energy, Steel
Scrap market activity remained sluggish in eastern China over the week with prices mainly holding steady and unlikely to gain any upward momentum in the short term as the outlook for the finished steel market remains pessimistic, market ...
Tags: Ferrous Scrap, Heavy Scrap
With a new government in power in India following last month's elections, Chinese iron ore importers are waiting to see if any policy changes will be forthcoming that could lead to a hike in their imports. India was China's third-largest ...
Tags: Metallurgy, Mineral, Energy, Iron Ore
Germany-based SMS Group has announced that in 2013 its order intake amounted to €3.3 billion, increasing by 16.7 percent compared to the previous year. The results included Paul Wurth for the first time, acquired by SMS Group in 2012. ...
Tags: Metallurgy, Mineral, Energy
The US sheet steel market might be in for another stretch of relative stability, as new upcoming outages balance import pressure and drab demand, market sources said Thursday. One industry consultant said manufacturing -- and thus steel ...
Tags: Steel Sheet, steel consumption
The US ferrous scrap import market was quiet in East Asia during the week, regional traders said Thursday. Importing mills were staying away because they believed US scrap prices were likely to soften after iron ore broke the $100/dry mt ...
Tags: Steel Mills, Bulk Scrap