Industry Trends
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Industry Trends
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The 86 Members Steel Mills' October Profit Dropped to RMB 1.716 Billion
Dec 3, 2013According to report from China Iron & Steel Association, the 86 members steel mills’ October profit dropped to RMB 1.716 billion, down by 47.5% from September of RMB 3.266 billion, the highest in the year. 18 members reported losses ...
Tags: overcapacity, iron and steel, profit
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The Accsys Technologies Achieved Year-on-Year Growth in Turnover of 74% to EURO15.8m
Dec 3, 2013In the first half of its 2013/2014 (31 March) financial year, the Accsys Technologies achieved year-on-year growth in turnover of 74% to €15.8m. The improvement was primarily attributable to significantly higher sales and higher prices ...
Tags: Construction, Decoration, wood
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China Is Expected to Overtake The United States to Become The World's Largest Oil Importer
Dec 3, 2013China is expected to overtake the United States to become the world's largest oil importer in the 2020s as emerging economies, instead of developed ones, will claim most of the world's energy supplies, a report says. China will be the ...
Tags: Oil Importer, Oil, Metallurgy, Mineral, Energy
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Brazil Auto Production Fell by 8% in November
Dec 2, 2013Anfavea announced Thursday in Sao Paulo, the agricultural machinery and cars production is 289633 units in November in Brazil, fell 8% year on year. Since 2013, the Brazilian car production has more than the total of 2012. Annual ...
Tags: Transportation, Auto, truck
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Tamagotchi Is Making a Comeback and Is Set to Hit The Shelves of European Shops
Dec 2, 2013Tamagotchi, the egg-shaped virtual pet beloved of schoolchildren in the 1990s, is making a comeback and is set to hit the shelves of European shops in time for Christmas. The tiny toy character, which owners have to nurture to maturity, ...
Tags: Consumer Electronics, Electronics toys, toys
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An Increase in Raw Cotton Prices Result From Pakistan Rupee Erosion
Dec 2, 2013The depreciation in Pakistan's rupee value against US dollar has led to an increase in raw cotton prices which rose by Pk Rs 200/40kg in the lower grade category and Rs 100/40kg in the higher grade category, in the Sindh and Punjab regions ...
Tags: Cotton, Textile, Cotton Prices
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Ticheng Stainless Steel Has Commissioned China MCC for Phase One of CR Project Since 2011
Dec 2, 2013Ticheng Stainless Steel, a reputable leading Chinese manufacturer and exporter of stainless steel has commissioned China Metallurgical Group (MCC) to build 1450mm cold rolled wide strip deep-processing production line with supply of ...
Tags: Stainless Steel, Construction
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Baosteel Announced to Remain Its List Prices for Tinplate Unchanged for Next Jan
Dec 2, 2013Reportedly, the Chinese steelmaker Baosteel announced to remain its list prices for tinplate unchanged for next January. Also, Baosteel kept its tinplate list prices flat for consecutive three months. It’s learned that the ...
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Deere Is Expecting Higher Sales Figures for The 2013/14 Financial Year.
Dec 2, 2013Following declines in turnover and results for sales of building and forestry machines in the 2012/13 financial year, Deere is expecting higher sales figures for the 2013/14 financial year. For the Construction & Forestry division, which ...
Tags: Construction, Decoration
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There's More Freight Hitting The Road in Canada Today,by About Eight Percent
Nov 29, 2013There's more freight hitting the road in Canada today than the same time last year, by about eight percent. Even since last month, the volume of freight was up seven percent, making October 2013 the second highest freight volume since 2009, ...
Tags: Truck Freight, Transportation
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Metinvest's Net Profits Amounted to US$443 Million, Soaring by 31% Year on Year
Nov 29, 2013Ukraine-based Metinvest released its financial result for the first half of 2013. In the first half of this year, Metinvest’s net profits amounted to US$443 million, soaring by 31% year on year. However, the company’s sales ...
Tags: steel, Construction
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Taiwanese Yeou Yih Said Its Fourth-Quarter Average Selling Prices Should Be Stayed Firmly
Nov 29, 2013Yeou Yih Steel, one of the major stainless steel heavy gauge plate makers in Taiwan said that the company's sales have returned to the positive level in the third quarter due to the new adjustment from its in stock inventory loss. Although ...
Tags: Construction, steel, Decoration
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Taiwanese Hai Kwang Announced to Raise Its Rebar Base Prices by NT$100/ton for This Week
Nov 29, 2013Driven by blooming demand from southern Taiwan's construction projects, Hai Kwang, one of the major rebar manufacturers in southern Taiwan, has announced to raise its rebar base prices by NT$100/ton for this week. Hai Kwang's new rebar ...
Tags: steel, taiwan, Construction, Rebar
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Baosteel Started Construction of Its Hot DIP Galvanizing Line No. 4
Nov 29, 2013It's reported that Baosteel-Nippon Auto Steel Co., the joint venture of Baosteel and Nippon Steel Corp, started construction of its hot dip galvanizing line No. 4. The annual capacity of this new production line is about 420,000 tons of hot ...
Tags: Baosteel, Constrution, steel
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Kardemir Has Reportedly Declined Its Ex-Work Round Bar Prices
Nov 29, 2013Kardemir, Turkish carbon steel producer, has reportedly declined its ex-work round bar prices by nearly US$35/ton to about US$600/ton for the local steel market owing to soft demand. The firm also reduced its rebar ex-work price with 12mm ...
Tags: Construction, carbon steel, steel
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