Mescier Steel Industry and Trade LC started trial production at a new 200,000 tpy beam mill in the middle of November.It is currently making 60mm to 120 mm equal angle;production of UPN channel,IPN and IPE beams is to start in Q1 2013. ...
Tags: Mescier Steel, modern equipment, beam mill, construction of the plant
As per latest reports from Black Sea, the CIS steel export market is already turning into vacation mode and prices are rather stable. Billet price is fluctuating around SD 510 per tonne to USD 515 per tonne FOB Black Sea. Finished longs ...
Tags: CIS steel exporters, CIS steel, steel, steel export
As per latest reports from Black Sea, the CIS steel export market is already turning into vacation mode and prices are rather stable. Billet price is fluctuating around SD 510 per tonne to USD 515 per tonne FOB Black Sea. Finished ...
Tags: Steel Price, India, steel, steel market
Coming close on the heels of chipping of scrap market about a week ago on subdued Turkish buying off late some activity is noticeable. Reportedly Turkish mills have become perceptibly confident hiking rebar offers by USD 10 per tonne to ...
Tags: Turkish mills, rebar, scrap collection, scrap market
It is reported that Nucor expected lower margin of bar and plate in the fourth quarter due to the cumulative impact of high import levels and global economic situation uncertainty in the given period of time. However, the company will ...
Tags: Nucor expected lower margin of bar and plate, Nucor, outstanding shares
The Federal Reserve announced overnight that it will continue monthly purchase of USD 40 billion mortgage backed securities buy additional USD 45 billion long term Treasury bonds and keep low interest rate unchanged until at least mid 2015 ...
Tags: aluminum, LME aluminum, LME aluminum inventories, aluminum prices
BS reported that gold inched up on Monday as a drop in the US unemployment rate did little to dampen expectations that the Federal Reserve will maintain easy monetary policy when it meets later this week. Investors are watching ...
Tags: US, unemployment, monetary policy, job market
As per latest information from Black Sea, CIS steel export prices are rather stable, but future sentiments are moderately negative. Billet price decreased by USD 5 per tonne to USD 10USD during the week and expectations are rather ...
According to SpetsStal's estimate, the share of imports in the aggregate consumption of stainless steel in Russia from Jan till Sep 2012 amounted to 64.8%. It is worth reminding that in the equal period of 2011 it equated to 64.7%. The ...
Tags: stainless steel, Russia, steel consumption, steel industry
Reuters reported that hedge funds and money managers sharply cut their bullish bets on gold futures last week on profit taking while an improving US economic outlook prompted them to switch copper contracts to its first net long in 4 weeks. ...
Tags: hedge funds, bullish bets, gold future, gold market
As per latest information from Black Sea, CIS steel export prices are rather stable, but future sentiments are moderately negative. Billet price decreased by USD 5 per tonne to USD 10USD during the week and expectations are rather ...
Tags: CIS steel, CIS steel export prices, stable market, steel market
As per the latest information from our sources at Black Sea, CIS steel export price dynamics for longs and flats is moving into opposite directions. Billet price is rather stable amid weak demand and offers of semis are not going below ...
New regime began on cautious note harping upon stability. Steel market in China and more so in the globe had kept their fingers crossed expecting radical stimulus package to shake slumberous Chinese economy. Mellowed tones at the Communist ...
Tags: steel market, steel, Chinese steel market, Chinese economy
Plexus Cotton Limited reported that New York (NY) futures found some support this week, as December edged up 56 points close at 72.09 cents. Just when we thought that the market was once again in the grip of the bears, adverse weather ...
Tags: New York futures, Plexus Cotton, cotton
Chinese steel exporters have held offer prices steady despite worries of a drop in market prices on the back of the debt crisis in the USA and Europe. "We are maintaining the export offer price flat although steel futures have seen a sharp ...
Tags: steel