On January 29, Jiangsu Province-based Nanjing Iron and Steel Union Co.(NISCO) issued its anticipated financial results for 2012. Accordingly, Nanjing Steel has estimated a net loss of RMB 580 million ($92 million) for 2012, compared to a ...
Tags: Steel, Iron, steel market
On January 29, Liaoning Province-based Chinese steelmaker Benxi Iron and Steel (Group) Co. (Bengang) announced an estimated net profit of RMB 100-150 million ($16-24 million) for 2012, down by 81.15-87.43 percent year on year, with earnings ...
Tags: steelmaker, Profit, steel market
According to the customs statistics provided by the Turkish Statistical Institute (TUIK), Turkey's slab imports reached 165,210 metric tons in November last year, up 7.5 percent compared to the previous month, hitting the highest monthly ...
Tags: slab imports, slab, slab industry
According to statistics, Korea’s production of steel products totaled 72.91 million tons in 2012, up by 0.9% year on year. In 2012, the country’s crude steel production increased slightly by 1.3% year on year to 69.4 ...
Tags: Korea, steel products, crude steel
As of January 25, inventory of the main finished steel products (plate, hot rolled coil (HRC), cold rolled coil (CRC), rebar and wire rod) in major steel markets in China totaled 14.796 million mt, up 450,000 mt compared to the previous ...
According to report, UK Steel reported its output only rose 1% from 2011. The average output of 2012 was 184,264 tons per week, compared to 182,269 tons per week in 2011. Its data says that the economic stagnation over the year ...
Tags: UK Steel, steel market, steel output
Finnish stainless steel producer Outokumpu is seeking to capture 25% of the US stainless steel market in the next two years, rising from its current market share of 14%, according to the saying of Michael Wallis, CEO of Outokumpu Stainless ...
On January 29, Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. issued its estimated financial results for 2012. According to its preliminary calculations, Xinyu Steel recorded a net loss of RMB 950-1,050 million ...
Tags: Steel, China, steelmaker, iron
Reportedly, Brazilian steelmaker Gerdau planned to begin the production of flat steel in the first quarter of 2013. However, there is no any further detail has offered so far. Meanwhile, the company has under testing run stage for flat ...
Tags: flat steel operation, steelmaker, flat steel
Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. Ltd has issued its financial results for 2012, indicating a net loss of RMB 350 million ($56 million), compared to a net profit of RMB ...
Tags: Minmetals, steel trading, steel market
Hunan Province-based Linyuan Steel estimated that its net profits attributed to the shareholders of its parent company in 2012 would slump by 70% from a year ago. In 2011, the company’s net profits attributed to the shareholders of ...
Tags: Hunan Province, Linyuan Steel, net profits, 2012
Taiyuan Iron & Steel Group (Tisco) said that the company’s production break 10 million tons in 2012. In 2012, Tisco aimed to develop high-end products and the company’s steel production reached 10.13 million tons, rising by ...
Japanese Tokyo Steel released its list prices for February. The company decided to hike its list prices for all steel products by 3,000/ton for February. After the adjustment, the company’s ex-factory prices for rebar with ...
Tags: Tokyo Steel, steel price, steel market
On January 22, Liaoning Province-based Chinese steelmaker Lingyuan Iron and Steel Co. announced that according to its preliminary estimates its net profit for 2012 decreased by over 70 percent year on year. In 2011, the company’s net ...
Tags: Lingyuan Steel, steelmaker, steel market
Reportedly, French Aperam, the third largest stainless steel maker in France, has planned to restart annealing and pickling lines at its Gueugnon plant in northern France while the line was severely damaged by a fire on December 23rd last ...
Tags: French Aperam, stainless steel, steel market