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

Ukraine Used 84.52% of Their Annual Quota up to The End of September 2013

Dec 13, 2012

As of November 30th 2012, importers of steel pipes to Ukraine used 84.52% of their annual quota up to the end of September 2013 for imports of steel seamless casing and tubing with diameters up to 406.4 mm. For the period from October ...

Tags: steel pipes, imports, steel seamless casing

Change Is on 29th November as Compared to 22nd November 2012

Dec 13, 2012

Base metals at LME posted major recovery last week on signs of improved demand for the industrial metal from China and the US highlighting market's belief that demand is going to be significantly improved in 2013. London Metal Exchange ...

Tags: LME, industrial metal, london metal exchange rates

Government Has Repossessed Mwanesi Iron Ore Deposits in Chivhu Paving Way

Dec 13, 2012

Government has repossessed Mwanesi iron ore deposits in Chivhu paving way for Essar Africa Holdings to resume operations at NewZim Steel. The deposits were subject to a legal wrangle as a former Zisco employee Mr Roderick Mumbire ...

Tags: iron ore deposits, operations, steel, investment

The Indian Steel Companies' Consortium Will Have to Finance The INR 40,000 Crore

Dec 13, 2012

Indian Express reported that the Indian steel companies' consortium that won the bid for the Hajigak iron ore mine in Afghanistan will have to finance the INR 40,000 crore to explore the mine and set up a steel plant from their own pocket ...

Tags: steel, project, finance ministry

Hydra Properties Is Being Forced to Auction Three Plots of Land in Dubai

Dec 13, 2012

Arabian Business reported that Hydra Properties is being forced to auction three plots of land in Dubai to settle outstanding payments owed to homeowners who won legal cases against the developer for delayed and cancelled real estate ...

Tags: homeowners, real estate projects, payments

The UAE Produced 2.67 Million Barrels Per Day in October

Dec 13, 2012

Latest data from the Paris based International Energy Agency showed that the UAE, on average, produced 2.67 million barrels per day in October 0.74% lower than its output in September. IEA said that in the Q1 of 2013, increased ...

Tags: IEA, project expansions, oil production capacity

US and Omani Piping JV Secured USD 21 Million Worth of Contracts for Projects

Dec 13, 2012

A JV between United Pipeline Systems Inc and Special Technical Services of Oman has secured USD 21 million worth of contracts for projects across the MENA region. A Kuwaiti contract will see the pair supply and install a proprietary ...

Tags: contracts, projects, JV

Harsco Corporation Will Be Responsible for The Company's Liquidity Management

Dec 13, 2012

Global industrial company Harsco Corporation announced the promotion of Mr Robert G Yocum to Vice President and Treasurer, where he will be responsible for the Company's liquidity management, capital market activities, global treasury ...

Tags: promotion, financial partners, agency relationships

Prosecutors in The City of Taranto Issued a European Arrest Warrant for Mr Fabio Riva

Dec 13, 2012

ANSA reported that prosecutors in the city of Taranto on Monday issued a European arrest warrant for Mr Fabio Riva, an executive of the ILVA steel plant at the center of an environmental dispute between local prosecutors and the national ...

Tags: prosecutors, warrant, ILVA

Zhanjiang to Build Logistic Center with Vale to Push Steel and Petrochemical Projects

Dec 13, 2012

Zhanjiang, a port city in South China's Guangdong province, will build iron ore logistic center together with Vale in order to push steel and petrochemical projects in Zhanjiang. Currently two parties have signed strategic cooperation memo, ...

Tags: iron ore, logistic center, steel, petrochemical projects

London and Shanghai Copper Prices Hit Their Highest in Nearly 7 Weeks

Dec 13, 2012

Reuters reported that London and Shanghai copper prices hit their highest in nearly 7 weeks cheered by news that China is seeking more effective policies to ensure stable economic growth. Concerns about the budget talks in Washington were ...

Tags: copper market, scrap metal price, copper scrap, copper price

German Steel Giant ThyssenKrupp While Announcing The Results Has Given Following Outlook

Dec 13, 2012

German steel giant ThyssenKrupp while announcing the results has given following outlook From today's perspective, the Group's performance in the 2012/2013 fiscal year will be characterized to a very large extent by the continued ...

Tags: outlook, ThyssenKrupp, operations, organic growth

Rexam HTW Was The First Beverage Can Maker to Enter The Indian Market Back in 2007

Dec 13, 2012

Rexam, one of the leading global beverage can makers together with its partner Hindustan Tin Works inaugurated its new aluminium line at its manufacturing plant in Taloja, Maharashtra. The new high speed production line represents a capital ...

Tags: aluminium recycling, aluminium sheets, aluminium products

Chinese Iron Ore Inventory at Thirty Major Ports to 77.83 Million Tonne

Dec 13, 2012

As announced by China's National Bureau of Statistics, total iron ore inventory at thirty major ports in China amounted to 77.83 million tonne, declining by 2.83 million tonne WoW, the 6 consecutive WoW decrease and down 19.07 million tonne ...

Tags: Iron, Metallurgy

It Is Reported That Analysts at Goldman Sachs Have Cut Coking Coal Prices

Dec 13, 2012

It is reported that analysts at Goldman Sachs have cut coking coal prices, saying that they see a slower, longer grind back to mid cycle. Goldman cut 2013 met coal prices by 8% to USD 178 per tonne Goldman cut 2014 met coal prices ...

Tags: coking coal prices, mid cycle, prices