The ferrous scrap market was stable in eastern China this week, in tandem with the finished steel and rebar futures markets, market participants said Friday. Most traders were bearish, expecting further price cuts in the short term. ...
Tags: Ferrous Scrap, Rebar, finished steel
Shanghai Futures Exchange (SHFE) launched trading of hot rolled coil (HRC) futures contracts today, March 21, offering another hedging tool for steelmakers amid growing price volatility. The most traded HRC contract for October delivery ...
An industry group representing Chinese iron ore miners aims to satisfy 50% of the country's annual iron ore consumption with domestic supply by 2025, up from the current 30%, via consolidation and expansion of mining companies, a senior ...
Tags: Iron Ore, Domestic Supply, Chemicals
As of March 10, inventory of iron ore at 25 major Chinese ports amounted to 103.21 million mt, indicating an increase of 2.17 million mt or 2.15 percent week on week, as announced by China's Xinhua News Agency. As of the same date, the ...
Tags: Iron Ore, Chinese ports, imported steel
The American Institute for International Steel reported Tuesday that US steel exports increased 10.5 percent in January 2014 compared to December 2013, but were down 10.6 percent compared to January 2013, according to US government data. ...
Tags: Steel Exports, export markets
US steel exports rose 10.5% in January compared with December, but fell 10.6% year on year, according to US Department of Commerce data updated Monday. In January, the US exported 873,674 mt of steel mill products, up from 790,507 mt in ...
The transaction prices of L8 and L10 steelmaking pig iron in northern China's Hebei province stood at Yuan 2,460-2,510 ($400-408) /mt on March 3, down 1.6% from Yuan 2,500-2,550/mt on January 28, with the widely expected post-holiday ...
Tags: Pig Iron, Steel Market
Steel metal is produced in various thickness's for various uses and application. A steel sheet that has a width higher than 6mm is known as a plate. The tool steel is basically the raw material that will be formed with various plate cutting ...
Tags: Steel metal, steel sheet
Global steelmaker ArcelorMittal has announced that, together with Japan-based Nippon Steel & Sumitomo Metal Corporation (NSSMC), it has completed the acquisition of ThyssenKrupp Steel USA, a steel processing plant in Calvert, Alabama, ...
Tags: Thyssenkrupp Steel, ArcelorMittal
Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Group (JISCO) has announced that in 2013 its Gansu-based subsidiary Hongxing Steel recorded an estimated net loss of RMB 2.35 billion ($385.2 million), as compared with a net ...
Tags: Hongxing Steel, Mineral, steelmaker
Now that Mexican President Enrique Pera Nieto has signed the Pacific Alliance between Mexico, Peru, Chile, Colombia and Costa Rica, Mexican steel companies await notice that Mexico is excluded from the application of trade safeguards ...
Tags: Steel Exporters, Mineral
China imported a record 86.83 million mt of iron ore in January this year, up 21.29 million mt year on year and up 13.45 million mt month on month, according to the Chinese customs authorities. Average daily iron ore imports in January ...
Tags: Iron Ore Imports, Mineral
Pouches are giving world dominance a good and ardent go but cans remain the food and drink package of choice. Three of every four people prefer steel cans, based on features such as recyclability, taste quality, shelf life, safety and ...
Based on the US Commerce Department's most recent Steel Import Monitoring and Analysis(SIMA)data,the American Iron and Steel Institute(AISI)reported Wednesday that steel import permit applications for the month of January total 3,080,000 ...
Tags: Steel Import, Steel, Mineral
In January this year,Italian domestic scrap prices generally remained stable,but towards the end of the month price decreases started to be seen in line with the general price trend in Europe,as Maurizio Calcinoni,president of Italian scrap ...
Tags: Metallurgy, domestic scrap, steel