Cummins Inc. today reported results for the second quarter of 2013. The company said they expect full year revenues to be in line with 2012. Second quarter revenues of $4.5 billion increased 2% from the second quarter of 2012. Revenues in ...
Tags: Cummins
ICE cotton futures exploded to the upside this week with the spot December contract advancing 395 points to close at 88.93. New longs entered the market during the rally with the overall open interest rising by over 18k contracts, and specs ...
Tags: ICE cotton, Equity markets
Chung Hung Steel, one of the major re-rollers in Taiwan announced to raise its export prices of hot rolled and cold rolled coils by around US$20/ton for September shipments, supported by higher demand. After the adjustment, its export ...
According to statistics, the EU’s steel pipe output decreased by 6% year on year in the first quarter of this year, caused by soft demand from downstream buyers and sluggish steel pipe market. It’s learned that the market ...
Tags: Steel Pipe, Mineral
Korean steelmaker Hyundai Steel’s production of steel flat products totaled 4.08 million tons in the second quarter of this year, soaring by 21% from a quarter ago, boosted by increased hot strip capacity and higher demand. Among ...
Tags: Hyundai Steel, Steel Flats
Gartner has lowered its expectations for growth this year in global IT spending, saying it will rise 2% to $3.7 trillion. Earlier this year, the analyst firm predicted 2013 growth of 4.1%. The reduction "mainly reflects the impact of ...
Many small and medium-sized enterprises took a direct hit from the bank liquidity squeeze in June, which disrupted their cash flow and boosted the cost of financing. Figures from Shanghai-based Wind Information, a financial data provider, ...
Tags: Credit Crunch, Smaller Firms
OPEC ministers meeting in Vienna Friday reached an expected agreement to maintain the group's current crude production limits, leaving their combined output ceiling at 30 million b/d. Ministers had widely signaled their happiness with ...
Tags: Metallurgy, Mineral, Energy
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment, according to presentations at a residential real estate forum during the Realtors Midyear ...
Tags: Housing, Economy, Construction&Decoration, mortgage interest
According to report, Nippon Steel & Sumitomo Metal Corp (NSSMC) announced that it will raise domestic H-beam prices for March by ¥5,000/ton to bring the price to a profitable level. The company also decided to raise the prices by ...
Tags: NSSMC, H-Beam Prices, Mineral
The global economy seems to be turning the corner and now heading upwards, with developing economies clearly in the front seat, as stated by Kim Marti Subirana of Celsa Group at the SteelOrbis 2013 Spring Conference & 68th IREPAS Meeting ...
Tags: Raw material, Steel Prices, Steel
Prompt prices gained value Thursday morning on the UK's NBP gas trading hub as demand rose, storage facilities were heavily utilized and temperature forecasts were revised lower. At 1200 London time, same- and next-day contracts were ...
Tags: gas trading hub, UK, natural gas
Net income in Q4 2012 shrank for global pipe and tube producer Tenaris but full year earnings improved. Q4 net income of $350.3 million was down 20 percent from $437.5 million in Q3 2012 and down 18 percent from $426.3 percent in Q4 2011. ...
Korea Gas Corporation, the world's single-largest buyer of LNG, has stepped up efforts to sell part of its stake in Australia's Gladstone LNG project, a company official told Platts Friday. The South Korean state-owned company has ...
Tags: Korea Gas Corporation, LNG, LNG project
Ocean Optics has recently been recognised with an ‘OFweek 2012 Best LED Service Supplier Award’ by China’s high technology portal OFweek photonics news. Since its entry into the Chinese market, Ocean Optics has ...
Tags: Ocean Optics, OFweek 2012Best LED Service Supplier Award, LED industry