A 31-count indictment filed in the US District Court Monday charged Chinese hackers with gaining illegal access to a handful of Pittsburgh-area industrial firms, including US Steel. The charges against five officers in the Chinese military ...
Tags: Steel, US District Court
Domestic iron ore concentrate prices in north China's Hebei province have declined further by an average 5.7% or Yuan 55/dmt ($11) over the week, in response to both lower domestic steel prices as well as weakening imported iron ore prices, ...
Tags: Iron Ore, Concentrate Prices
Spot Asian coking coal prices moved sideways Monday as ominous signals from the Chinese steel industry, nagging concerns about lower costs and abundant supplies hurt trading sentiment. Lower domestic prices continued to be used as a key ...
Tags: coking coal, domestic prices
Sichuan Province-based Pangang Xichang Steel & Vanadium Co., a subsidiary of Sichuan-based Chinese steel producer Panzhihua Iron and Steel Group (Pangang Group), has put its cold rolled project into operation, as reported by Sichuan Daily ...
Tags: Xichang Steel, Cold Rolled
International credit rating agency Standard and Poor's (S&P) has announced that it has affirmed its 'BBB+' long-term rating for South Korean steelmaker POSCO, with the outlook remaining negative. S&P said that it expects POSCO's credit ...
Tags: POSCO, steel industry
Due to China's export potential to Mexico regarding the production of steel wire and the dynamics of the two markets, Mexico's Ministry of Economy (SE) has launched an investigation into the potential impact of unfair trade practices in ...
The prices of L8 and L10 steelmaking pig iron in northern China's Hebei province traded at Yuan 2,470-2,480 ($401-403)/mt on Tuesday, up from Yuan 2,420-2,470/mt on April 1, both inclusive of 17% VAT. The slight rise in prices was ...
Tags: Pig Iron, Steelmakers
In April this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 52.6 percent, surging by 8.4 percentage points as compared to March and exceeding the 50 percent threshold for the first time since September ...
Tags: Steel Sector, PMI
The expected growth in global steel demand through 2050 may require a tripling of current seaborne metallurgical coal exports, which may be tough for miners to deliver, according to forecasts delivered Monday by two consultants. An annual ...
Tags: steel demand, steel production
Speaking on behalf of World Steel Dynamics (WSD) at SteelHome's 10th Steel Development Strategy Conference held recently in Shanghai, Wu Wenzheng, president of SteelHome, said that WSD's global steel output forecast for 2014 is 1.61 billion ...
Tags: Scrap Prices, Steel
Chinese iron ore importers on Monday denied they were under pressure to sell their port stocks so that they repay their debts to the country's banks, refuting recent local media reports. The importers added that the price of the more than ...
Tags: Iron Ore, steel mills
While the Chinese government has committed to eliminating 80 million mt/year of steel capacity nationwide by 2017, the reduction will be gradual which will see demand for raw material ferrosilicon remain steady in 2014 as compared with ...
Tags: Steel Output, Ferrosilicon
While current traded prices for L8 and L10 steelmaking pig iron in northern China's Hebei province have slipped since March 3, the market is likely to see higher traded values in the coming weeks with some offers seen rising by as much as ...
Tags: Pig Iron, steel mills, Iron
In March this year, the purchasing managers index (PMI) for the Chinese steel sector stood at 44.2 percent, up by 4.3 percentage points as compared to February, indicating the first rise after three consecutive month-on-month declines, as ...
Tags: Steel Sector, raw material
Chinese steel company Hebei Iron and Steel Group has announced that it has signed a strategic cooperation agreement for 2014 with 49 major customers including China Minmetals, China Railway Construction Corporation, China Railway Materials. ...
Tags: Hebei Steel, Iron, Steel