Industry Trends
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Industry Trends
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Xinyu Steel Saw a Net Loss of RMB 175 Million in Jan-Sept
Nov 1, 2013Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. announced that in the January-September period of the current year its operating revenue amounted to RMB 25.283 billion ($4.14 billion), down 6.33 percent year on year, ...
Tags: Steel, Construction
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US Court Granted Summary Judgment in Favor of AK Steel in Arcelormittal Patent Case
Nov 1, 2013AK Steel announced Tuesday that the United States District Court for the District of Delaware again confirmed that the company's ULTRALUME? advanced high-strength steel product does not infringe upon an ArcelorMittal patent.? The Court ...
Tags: steel, Metallurgy, Mineral
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US Steel Corp Permanently Shut Down Operations at Its Hamilton, Ontario, Mill
Nov 1, 2013US Steel Corp announced Tuesday that it will permanently shut down operations at its Hamilton, Ontario, mill at the end of this year. The integrated mill, which had an annual capacity of 2.3 million tons before it was idled in 2010, will ...
Tags: steel, Metallurgy, Mineral
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Rebar Futures in Shanghai Rose for a Second Day on Decrease of Money Market Rates
Nov 1, 2013It's reported that rebar futures in Shanghai rose for a second day on decrease of money market rates, indicating the cost of funding is dropping. Rebar for delivery in May on the Shanghai Futures Exchange (SHFE) hit RMB3, 601/ton or rose by ...
Tags: rebar, steel, Construction
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The Europe's Second-Largest Steel Producer Tata Steel Might Cut Around 500 Jobs in UK
Nov 1, 2013Due to the prolonged downturn in demand, the Europe's second-largest steel producer Tata Steel might cut around 500 jobs to restructure the part of its British business that supplies the construction and engineering industries. This mainly ...
Tags: steel, Construction
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Latin America's Imports of Finished Steel Products Totaled 3.9 Million
Nov 1, 2013According to data released by the Latin America Steel Association (Alacero), Latin America's imports of finished steel products totaled 3.9 million in the first nine months of this year, rising by 23% year on year. In the given period of ...
Tags: Steel
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Yusco Sees Stainless Steel Market Announced to Remain Its List Prices Flat for November
Nov 1, 2013Reportedly, Yieh United Steel Corp. (Yusco), one of the major stainless steel producers in Taiwan announced to remain its list prices flat for November. In fact, Yusco planned to raise prices for November due to rising raw material prices ...
Tags: Stainless Steel, steel, Construction
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Baosteel Announced That Its Operating Revenues Fell by 2.42% Year on Year
Nov 1, 2013It's reported that the Chinese steelmaker Baosteel announced that its operating revenues totaled RMB142.264 billion in January-September period, falling by 2.42% year on year. In the first nine months of this year, the company's net profits ...
Tags: Construction, Decoration, steel, baosteel
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The Transaction Prices of CSC's EF Al-Killed Wire Rods Dropped Further in Taiwanese Market
Nov 1, 2013It's reported that the transaction prices of China Steel Corp. (CSC)'s electric furnace (EF) Al-killed wire rods have dropped further in the Taiwanese market. At present, the transaction prices for CSC's EF Al-killed wire rods are at ...
Tags: taiwan, Construction, steel, Wire Rod
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Latin America's Imports of Finished Steel Products Rising by 23% Year on Year
Nov 1, 2013According to data released by the Latin America Steel Association (Alacero), Latin America's imports of finished steel products totaled 3.9 million in the first nine months of this year, rising by 23% year on year. In the given period of ...
Tags: Welded Steel Pipe, Construction, steel
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Dalian's Ports Handled 310 Million Metric Tons of Cargo in The First Three Quarters
Nov 1, 2013Dalian's ports handled 310 million metric tons of cargo in the first three quarters of this year, a year-on-year increase of 11.4 percent, according to Dalian Statistic Bureau Domestic trade cargo throughput was 220 million tons, up 12 ...
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Teen Interest in The Popular Social Media Website Is Waning
Nov 1, 2013Facebook has admitted that teen interest in the popular social media website is waning, even though the number of users grew marginally in the last quarter. "We did see a decrease in [teenage] daily users [during the quarter], especially ...
Tags: Computer Products, software
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Oil Giant PetroChina Company Limited on Tuesday Announced a 9.6-percent Increase
Nov 1, 2013Oil giant PetroChina Company Limited on Tuesday announced a 9.6-percent increase in its net profit for the first three quarters of 2013 as the company managed to adapt to market changes. Net profit during the Jan.-Sept. period came in at ...
Tags: Metallurgy, Mineral, Energy, Oil
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United States Steel Corporation Reported Monday a Third-Quarter Net Loss of $1.8 Billion
Oct 31, 2013United States Steel Corporation reported Monday a third-quarter net loss of $1.8 billion, compared to a Q2 2013 net loss of $78 million and Q3 2012 net income of $44 million.? Adjusted net loss for the third quarter of 2013 was $20 million ...
Tags: Metallurgy, Mineral, Steel
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Shandong Steel Announces That Its Operating Revenue Amounted to RMB 52.535 Billion
Oct 31, 2013Shandong Province-based Chinese steelmaker Shandong Iron and Steel Group Co. has announced that in the January-September period of the current year its operating revenue amounted to RMB 52.535 billion ($8.58 billion), down 9.18 percent year ...
Tags: Steel, Construction
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