It is reported that Korean POSCO Research Institute (Posri) recently predicted that 2014 Korea steel demand will be based on moderate growth this year, 51.2 million tons estimated in the year increased only on the basis of 1%, about 51.7 ...
Tags: steel, steel demand, Korean, export
At the recent 1st Assofermet Day & SteelOrbis Conference held in Brescia in northern Italy, Serdar Kilimci, sales Manager of Turkish steel producer Colakoglu Metalurji, gave a presentation on Turkish flat steel imports, exports, production ...
Tags: metallurgy, steelmaking, Colakoglu
Yieh Phui, one of the major coating steel mills in Taiwan said that it might raise its export prices by US$10~US$20/ton for next January due to the rising steel demand in the US and European market. Meanwhile, the price rise is also ...
Tags: Coating Steel Mills, Steel, taiwan, Construction
Outokumpu announced its turnover for the third quarter of 2013 with a loss of €239 million lower than the second-qaurter loss around €250 million. The company indicated the stainless steel demand will not be improved in the rest ...
Russian steelmaker Severstal has announced its financial results for the third quarter and the first nine months of 2013. Accordingly, in the third quarter Severstal registered a net profit of $157 million, down 52.3 percent year on year. ...
Tags: Severstal, steelmaker
Global steelmakers, metallurgical coal miners and merchant coke producers are feeling the heat thanks to sluggish steel and coal prices coupled with the prospect of higher energy costs in the US due to regulation, participants said Tuesday ...
Tags: steel, Coal, Metallurgy, Mineral
Latin American steelmaker Ternium has reported a net profit of $136 million in the third quarter of 2013, rising from a net profit of $134.4 million in the corresponding quarter of the previous year. In the first nine months, Ternium's net ...
As of November 4, inventory of iron ore at 25 major Chinese ports amounted to 77.82 million mt, indicating an increase of 1.29 million mt or 1.68 percent week on week, as announced by China's Xinhua News Agency on November 4,. As of the ...
Tags: Iron Ore, Metallurgy, Mineral
Swedish specialty steel producer SSAB has posted its financial results for the third quarter and the first nine months of the current year, reporting a net loss of SEK 520 million ($79.7 million) for the third quarter, compared to a net ...
Tags: Metallurgy, Mineral, steel
Most domestic steelmakers are seeing an improvement in their third-quarter performance. Fifteen of the 20 listed steel companies that issued third quarter reports made profits, as opposed to last year, when up to 90 percent of the steel ...
Tags: Steel Industry, Steelmakers
Finland-based stainless steel producer Outokumpu has announced its financial results for the third quarter of 2013, stating that it expects no major improvement in the market demand for the rest of the year and that overall visibility ...
Tags: stainless steel, Mineral
Major Indian steelmaker JSW Steel (JSW) has announced its financial and operational results for the second quarter ended September 30 of the financial year 2013-14, posting a net loss of INR 1.15 billion ($18.7 million), compared to a net ...
Tags: steel, Metallurgy, Mineral
Due to the prolonged downturn in demand, the Europe's second-largest steel producer Tata Steel might cut around 500 jobs to restructure the part of its British business that supplies the construction and engineering industries. This mainly ...
Tags: steel, Construction
The world's second-largest steelmaker, Nippon Steel & Sumitomo Metal Corp, has raised its financial year 2014's profit forecast from ¥300 billion to ¥340 billion, up 13%. The company contributes the profit forecast rise to cost cut ...
Tags: Steel, Construction
The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the first half ended September 30 of the financial year 2013-14, posting a net profit of JPY 115.6 billion ...
Tags: steel, Metallurgy, Mineral