Asia Economy news, Markets and Business Trends - Made-in-China.com

The Steel Market Is Worrying Towards Taiwanese Coating Steel Mills in Next Q1

Dec 19, 2012

The oversupply problem has made the Taiwanese coating steel mills worry about the steel market in the first quarter of next year even though some market participants expect the demand might become better next year. Yieh ...

Tags: steel market, Steel Mills, steelmakers

CSC's Allocation of CR and HR Steel Products Has Been Overbooked in Next Q1

Dec 19, 2012

The manager of China Steel Corp. (CSC), the largest steelmaker in Taiwan indicated that t the company’s allocation of cold rolled and hot rolled steel products has been overbooked in the first quarter of next year, He added that ...

Tags: Steel, steelmaker, steel products, steel mills

Hanwa Co Ltd Is Contemplating Setting up Its Metal Scrap Recycling Joint Venture

Dec 19, 2012

Japan's trading company Hanwa Co Ltd is contemplating setting up its metal scrap recycling joint venture in suburban Surabaya,Indonesia as PT Hanwa Royal Metals under the agreement reached between Hanwa's two subsidiaries and PT Indonesia ...

Tags: metal scrap recycling, Hanwa, Royal Resources

a Continuous Supply of Energy Is Critical for Business Continuity

Dec 19, 2012

Dubai,United Arab Emirates:Being an extremely electricity-intensive industry,a continuous supply of energy is critical for business continuity at Dubai Aluminium the entirely state owned corporation that operates the world's largest single ...

Tags: Dubal, aluminium, conserving energy, investment

The Indian Long Product Price Index ILPPI Has Dropped by 1 Point

Dec 19, 2012

The Indian Long Product Price Index ILPPI has dropped by 1 point on December 18, 2012, whereas Indian Flat Product price index IFPPI has also gone down by 18 points. The overall Indian Steel Price Index INDSPI declined by 9 points. ...

Tags: India, Steel, Price Index

India Has Failed to Win a Global Bid to Acquire The Shaida Copper Project in Afghanistan

Dec 19, 2012

Mineweb reported that India has failed to win a global bid to acquire the Shaida copper project in Afghanistan which has been awarded to Afghan Minerals Group. In yet another failed attempt the Indian consortium consisting of state owned ...

Tags: Shaida copper project, India, Afghan Minerals

431 Number of Sponge Iron Plants Set up in India

Dec 19, 2012

Mr Beni Prasad Verma minister of Steel said that as per information available in the Ministry of Steel, there are about 431 number of sponge iron plants set up across the country including Chhattisgarh. Source - PIB

Tags: India, sponge iron plants, Beni Prasad Verma

Mainstream Prices of Chinese Iron Ore Average CNY 886 Per Metric Tonne Is up CNY 1

Dec 19, 2012

Mainstream prices of Chinese iron ore average CNY 886 per metric tonne December 17th,up CNY 1 from the previous day.Mainstream market prices rose in Hebei but stabilized in other markets.we expect Chinese iron ore market to see some rises ...

Tags: iron ore, prices, CNY, China

The Metal for Delivery in April Edged up by INR 1.30

Dec 19, 2012

Economic Times reported that taking positive cues from the global markets and a pick up in domestic demand,copper prices rose further by 0.30%to INR 448.25 per kg in futures trade on December 18,2012 At the Multi Commodity Exchange,copper ...

Tags: copper prices, metal, futures trade, global markets

SteelHome Iron Ore Price Index Closed at 156.01 Points

Dec 19, 2012

SteelHome Iron Ore Price Index closed at 156.01 points December 17th,up 1.87 points from the previous trading day. To be specific,domestic iron ore price index came at 139.15 points,up 1.35 point or CNY 9.0 from the last trading ...

Tags: Iron Ore, Price Index, China

South Korea's Imports of Oil From Iran Increased 2.9%

Dec 19, 2012

MNA reported that South Korea's imports of oil from Iran increased 2.9%in November from October,when it resumed shipments from the Persian Gulf nation. According to data posted on the Korea Customs Service's website,purchases last month ...

Tags: MNA, South Korean, oil

China Will Scrap an Export Duty of 40%

Dec 19, 2012

Reuters,citing an official with the Ministry of Finance,reported that China will scrap an export duty of 40%on metallurgical coke from next year,in a move that could spark a surge in Chinese exports and threaten regional vendors. China's ...

Tags: export duty, China, metallurgical coke

32 Kilometer Phase-II of The Mumbai Metro Project Bagged by Reliance Infrastructure

Dec 19, 2012

Business Standard reported that the 32 kilometer Phase-II of the Mumbai Metro project bagged by Reliance Infrastructure faces termination in the absence of substantial progress. The Mumbai Metropolitan Region Development Authority ...

Tags: Metro project, Termination, Reliance Infrastructure

Essar Shipping Is Planning to Convert Around INR 800 Crore of Total INR 5,500 Crore Debt

Dec 19, 2012

PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...

Tags: interest burden, financing cost, domestic and foreign banks

TEA Has Expressed Disappointment with The RBI's Latest Monetary Policy Review

Dec 19, 2012

The President of Tirupur Exporters Association(TEA)has expressed disappointment with the RBI's latest monetary policy review. Dr.A.Sakthivel,President,TEA said he was disappointed with the RBI's Mid Quarter Monetary Policy Review as there ...

Tags: RBI Monetary Policy, RBI, Dr.A.Sakthivel, Pressure