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There Has Been an Agreement But There Is No Confidence

Dec 14, 2012

A French minister cast doubt Sunday on whether the world's top steelmaker ArcelorMittal would keep its end of the bargain after a compromise deal on a key plant that Paris had threatened to nationalize. French Ecology Minister Ms Delphine ...

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65 Key Steel Mills Reverse The Deficit of 721 Million Yuan Seen in September

Dec 14, 2012

According to Hebei Metallurgy Industry Association, the profit of 65 key steel mills aggregated CNY 1.358 billion reversing the deficit of 721 million yuan seen in September, owing to warming steel market. Data show that the total profit ...

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Shanghai Steel Futures Jumped 1.6% on Monday,Snapping a Week Long Fall

Dec 14, 2012

Reuters reported that shanghai steel futures jumped 1.6% on Monday, snapping a week long fall, following more evidence that China's economy is on the mend The most briskly traded rebar contract for May delivery on the Shanghai Futures ...

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Caofeidian Port Is Now Earning a Growing Reputation

Dec 14, 2012

Caofeidian Port is now earning a growing reputation as one of China's key coal transfer ports by accelerating construction and upgrading of relevant facilities, industry sources said. Facility construction or expansion projects to boost ...

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China Steel Market Has Experienced Swift Fluctuation

Dec 14, 2012

Since this year, China steel market has experienced swift fluctuation, which is also reflected in steel prices. In response to this, Baotou Steel made exports strategy adjustment immediately, as a result, they have exported 941,000 tonnes ...

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China Steel Price Lost 0.2% in The Week Ending December 2,2012 Versus The Previous Week

Dec 14, 2012

According to Ministry of Commerce, China steel price lost 0.2% in the week ending December 2, 2012 versus the previous week. Among them, 10mm medium plate, 8# channel, 6.5mm high speed wire rod declined by 0.4 percent, 0.3 percent and 0.3 ...

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Indian Long Product Price Index ILPPI Went Down by 5 Points on December 5th 2012

Dec 14, 2012

The Indian Long Product Price Index ILPPI went down by 5 points on December 5th 2012, whereas India Flat Product Price Index IFPPI remained stable. The overall Indian Steel Price Index INDSPI declined by 3 points. ILPPI – Long ...

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B&T Steel Will Upgrade The Company's Two Light and Heavy Gauge Cut to Length Lines

Dec 14, 2012

The investment at B&T Steel a unit of Mississauga based Russel Metals Inc, will upgrade the company's two light and heavy gauge cut to length lines with new equipment to stretch and level coiled steel to suit customers' demands. The new ...

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Iron Ore Inventory Amounted to 80.66 Million Tonne Down 1.97 Million Tonne Wow

Dec 13, 2012

According to China's National Bureau of Statistics, as of November 30th, total iron ore inventory at 30 major Chinese ports amounted to 80.66 million tonne down 1.97 million tonne WoW, constituting the 15 consecutive WoW decline. The total ...

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Sluggish Have Completed Their Iron Ore Purchases for This Year

Dec 13, 2012

According to the CBMX data, China's iron ore spot transaction platform run by the China Beijing International Mining Exchange recorded 11 offers of a total of 650,000 million tonne of iron, with the conclusion of one deal. No deal had been ...

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Essar Steel India Supplied 9000T of High Quality Steel Plates for a Subsea Tankage Project

Dec 13, 2012

Essar Steel India has successfully supplied 9000T of high quality steel plates for a subsea tankage project being executed in the North Sea for Premier Oil, UK by Dry Docks World Dubai. The plates will be used in building oil & gas ...

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Flat Products Market Experienced a Downward Trend Last Week

Dec 13, 2012

Flat products market experienced a downward trend last week. 2 mm thickness was priced at IRR 17,200,000 per tonne by start of the week and finished it at IRR 17,100,000 per tonne. Mobarakeh Steel and Oxin Steel mills experienced IRR ...

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AK Steel Has Prevailed on a Key Claim in a Patent Infringement Lawsuit

Dec 13, 2012

AK Steel Corporation said that the United States Court of Appeals for the Federal Circuit has issued a decision confirming that AK Steel has prevailed on a key claim in a patent infringement lawsuit brought against the company by two French ...

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Iran Posted Increases in Its Oil Output in November

Dec 13, 2012

According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...

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Ambitious Rail Plan to Create a New Australian Steel Industry by Linking Coalfields

Dec 13, 2012

The Australian reported that an ambitious rail plan to create a new Australian steel industry by linking coalfields in the east with mines in the west has taken a step forward with a top Japanese consultancy agreeing to help develop a ...

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