South Korea's steel export was down by 4.3% in 2013, the first time within 4 years. According to Korea Iron and Steel Association, the steel exports totaled at 29.2 million tons in 2013, dropped by 4.3% from 30.5 million tons a year ago. An ...
Tags: Steel, Construction
In December last year, the purchasing managers index (PMI) of the Chinese steel sector stood at 47.7 percent, decreasing by 1.3 percentage points as compared to November and remaining below 50 for the fourth consecutive month, as announced ...
Tags: steel, metallurgy
Tackling excess capacity will be one of the top tasks on China's economic agenda in 2014, as the issue becomes a major challenge to maintaining the pace and quality of economic growth. "The Chinese economy still faces downward pressure ...
Tags: Slashing Capacity, Mineral
It is reported that Colombian steelmakers plan to invest US$310 million in the next 3 years, in order to increase the production capacity and improve the productivity. According to Colombian steel body ANDI, this investment will increase ...
UK-based London Mining, a global diversified miner targeting the steel sector, has announced that it has revised down its production guidance for 2013 to 3.3 to 3.4 million wet mt from 3.6 to 3.9 million wet mt, due to a negative stockpile ...
Tags: London, London Mining, steel, production guidance
Chinese steelmakers' profits will remain low next year as output remains high and demand growth slows, said industry experts. The ratings agency Moody's Investors Service said on Wednesday that its outlook for the Asian steel and coal ...
Tags: Steel Sector, steel capacity
China's crude steel consumption for 2013 is estimated at 693 million tonnes and it is expected to grow 3.2 percent year on year to reach 715 million tonnes in 2014, an industry expert said on Friday. Given China's current production ...
Tags: Construction, Steel
In November this year, the purchasing managers index (PMI) of the Chinese steel sector stood at 49.0 percent, increasing by 1.5 percentage points as compared to October, but staying below 50 for the third consecutive month, as announced on ...
Tags: steel sector, PMI
China's crude steel output rose 8.3 percent year-on-year to 652.48 million tons in the first ten months of 2013, faster than the 2.1-percent increase seen in the same period last year, the country's top economic planner said Thursday. ...
Tags: Construction, Metallurgy, Mineral, Energy, Crude Steel
In a move designed to combat overcapacity in the steel sector, China will relocate some factories and encourage more companies to invest in overseas projects, said an official with the country's top planning agency. Li Zhongjuan, an ...
Tags: Metallurgy, Mineral, Energy
International credit rating agency Moody's has announced that it has raised the European steel industry outlook to stable from negative given the improving fundamentals in the European steel industry, reflected by slight growth in euro area ...
Tags: Moody, lift, European steel, industry, outlook, stable
According to reported that International credit rating agency Moody's recently announced the European prospects of the steel sector by the "negative" was increased to “stable", which is expected from next year. Meanwhile, the ...
Tags: Moody, raise, prospect, European, steel, sector, stable
The Turkish Steel Exporters' Association (CIB) and the Turkish Ministry of Economy organized a meeting in Istanbul on November 15 with Kenya's 10 biggest steel producing companies, including Doshi Group. At the event, the Kenyan guests were ...
Tags: Steel Exporters, Kenyan Market
A new approach is needed in the relationship between scrap dealers and steel mills - this in short is the solution presented by Romano Pezzotti, president of Assofermet Scrap division, and Cesare Pasini, vice president of Feralpi Group, ...
Tags: Assofermet, SteelOrbis, approach, Italian, steel, sector
It is reported that according to state-owned nonferrous metals information division Beijing Antaike, galvanized steel sector is expected to account for 56% of China's refined zinc consumption in 2014. In 2008, galvanized steel sector ...
Tags: Galvanized Steel, Zinc Demand