Africa's largest steel producer, ArcelorMittal South Africa, has announced its financial results for the fourth quarter and the full year 2012. In the fourth quarter of 2012, ArcelorMittal South Africa registered a net loss of ZAR ...
Tags: Arcelormittal, South Africa, Mineral
It’s reported that the Indian steel mills announced to raise the hot rolled coil (HRC) prices early this month but the prices did not rise as mills’ expected due to sluggish demand. At present, the HRC ex-factory prices ...
Tags: India, steel mills, hot rolled coil price
India Ratings’ outlook for cotton textiles remains negative to stable for 2013 on account of subdued demand, although margins are expected to benefit from softening raw material prices. The outlook for synthetic textiles remains ...
Tags: cotton textile, cotton, textiles, cotton prices
It’s reported that the Korean steel long product makers planned to carry out the maintenances in the first quarter of this year due to sluggish demand from construction sectors in winter, government’s rules for electricity ...
Tags: steel longs producers, steel producers, steel long product makers
After a disastrous third quarter of 2012 featuring extremely low factory utilization rates across the entire solar supply chain, a surge in demand was seen in the final quarter of the year for solar modules. A new solar module shipment ...
Tags: third quarter, 2012, solar supply chain
Commercial vehicle maker Ashok Leyland's total sales in December declined 19%YoY to 7,299 units amid continued sluggish demand for medium and heavy trucks. Sales of its small truck Dost accelerated 88%to 2,069 units,last ...
Tags: Ashok Leyland, Sales, Commercial vehicle
Business Standard reported that the Hinduja Group’s foundry arm Hinduja Foundries Ltd is planning to report to the Board for Industrial and Financial Reconstruction due to the erosion of net worth of the company. According to ...
Tags: Hinduja Group, Hinduja Foundries Ltd, India, Financial Reconstruction
European chemicals output will contract by 2.0 per cent in 2012 compared with 2011, European chemicals group Cefic said. A lowering of its forecast released in September, the chemicals trade body downgrade reflects recent data showing a ...
Tags: chemical sector, chemical, chemicals output, chemicals group
Press Trust of India reported that Zinc prices fell by 0.13%to INR 113.35 per kg in futures market today after speculator off loaded their positions due to sluggish demand at spot markets. At the Multi Commodity Exchange,the January ...
Tags: Zinc, Weakens, a business turnover
Swedish automobile manufacturer Volvo is planning to slice its trucks production following the 17% slump in its global sales in November 2012. During the month, truck deliveries in Europe declined 13% to 3,835 units, while deliveries in ...
Tags: Volvo, Truck Production, Sluggish Demand
Jotun opened in March at Sandefjord, Norway, a decorative paints plant costing NOK 500 million ($87 million), which the company claims is one of the most modern in the world. It replaces two other decorative paints units in the country. ...
Tags: Jotun, Meanwhile AkzoNobel, high-tech decorative paints
Apparel makers in China are shifting their focus on domestic market owing to sluggish overseas demand, according to statistics released by China National Textile & Apparel Council (CNTAC). According to the data, sales of Chinese apparel ...
Tags: domestic market, sluggish overseas demand, apparel manufacturing firms
Reuters reported that under pressure from customers and competitors,Gazprom is likely to cut long-term contract prices for Europe next year to levels comparable to those in the spot market. The price of the natural gas Gazprom sells to ...
Tags: Gazprom, prices, Gas, spot market
Broking firm Kotak Commodity Services gave following outlook on base metals segments: Copper - MCX Copper may note some decline tracking slight retreat in international markets, however the downside. LME Copper trades slightly lower ...
S&P released the following statement Overview We expect lower prices in the European stainless steel industry to push Luxembourg-based stainless steel producer Aperam's 2012 EBITDA well below our previous projections. Even ...
Tags: rating action, S&P, stainless steel industry, Aperam