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Pakistan's Iron and Steel Scrap Imports Amounted to 223,330 Mt in April This Year

May 26, 2014

Pakistan's iron and steel scrap imports amounted to 223,330 mt in April this year, increasing 77.21 percent compared to March and up 70.74 percent year on year, according to the data released by the Pakistan Federal Bureau of Statistic ...

Tags: Iron, Steel Imports

The Net Loss of Russian Pipemaker Tmk Totaled $16 Million

May 26, 2014

In its financial results according to international financial reporting standards (IFRS) for the first three months of the current year, the net loss of Russian pipemaker TMK totaled $16 million compared to a net profit of $85 million in ...

Tags: TMK, TMK's sales

Taiwan's Industrial Production Index in April This Year Increased by 4.80 Percent

May 26, 2014

Taiwan's industrial production index in April this year increased by 4.80 percent as compared to April 2013 and was up 0.30 percent month on month, according to the country's Ministry of Economic Affairs (MOEA). Meanwhile, Taiwan's ...

Tags: Basic Metal, industrial output

The Capacity Utilization Rate in The Turkish Basic Metal Manufacturing Industry Is Down

May 26, 2014

In May this year, the capacity utilization rate in the Turkish basic metal manufacturing industry was 71.9 percent, down from 72.2 percent recorded in April and constituting the lowest rate so far this year, while the capacity utilization ...

Tags: Basic Metal, utilization rate

The Week Ending May 23 The Us Rig Count Decreased by Four to 1,857

May 26, 2014

Baker Hughes reported that for the week ending May 23 the US rig count decreased by four to 1,857, following a six-rig increase the week before. The rig count is still up by 95 from 1,762 rigs during the same week a year ago. The oil rig ...

Tags: Baker Hughes, oil rig

Deacero Focuses on Developing Energy Projects Due to The Company's High Consumption

May 26, 2014

As Deacero focuses on developing energy projects due to the company’s high consumption of electricity, Director Raúl Gutiérrez announced this week that the Company plans to install two plants capable of generating up to ...

Tags: Power Plants, Energy Costs

Ovako Made a Decision Regarding The Bid Concerning The Assets of French Engineering

May 26, 2014

Sweden-based special steel producer Ovako has announced that the commercial court of Nanterre in France has made a decision regarding the bid concerning the assets of French engineering steel producer Ascometal in favor of the French ...

Tags: Bankrupt Ascometal

China Produced Around 584,000 Mt of Refined Copper in April, Down 1.6% Month on Month

May 26, 2014

China produced around 584,000 mt of refined copper in April, down 1.6% month on month, an official from state-owned nonferrous metals information division Beijing Antaike said Wednesday, citing National Bureau of Statistics data. The ...

Tags: Copper, Tongling

Germany's Power Plants Generated 5.4% Less Electricity in The First Quarter

May 26, 2014

Germany's power plants generated 5.4% less electricity in the first quarter, with output from all conventional sources falling, but coal- and gas-fired power plants recorded the biggest declines, German utility lobby group BDEW said ...

Tags: power plants, Lignite-fired production

Sources Said US Methanol Contract Prices Are Expected to Drop Sharply for June

May 26, 2014

US methanol contract prices are expected to drop sharply for June following rapidly declining spot prices in recent months, sources said Thursday. June contract announcements from Methanex and Southern Chemical Corp. were expected to be ...

Tags: Methanol, methanol contract

The US Ferrous Scrap Import Market Was Quiet in East Asia During The Week

May 26, 2014

The US ferrous scrap import market was quiet in East Asia during the week, regional traders said Thursday. Importing mills were staying away because they believed US scrap prices were likely to soften after iron ore broke the $100/dry mt ...

Tags: Steel Mills, Bulk Scrap

Russia's Rusal Has Supplied a Premium of $405/Mt to Japanese Buyers for Q3

May 26, 2014

Russia's Rusal -- the world's largest aluminum producer -- has offered to Japanese buyers, a premium of $405/mt to London Metal Exchange cash, CIF Japan, for third quarter shipments to Japan, market sources said Thursday. The company had ...

Tags: Aluminum, aluminum producer

The US Hot-Rolled Coil Steel Sheet Market Saw Prices Trend Move Down for The Second Time

May 26, 2014

The US hot-rolled coil steel sheet market Wednesday saw prices trend move down for the second time this week as buyers and at least one producer reported lower offers and transaction prices. One Midwestern service center source said HRC ...

Tags: Steel Sheet, Hot-Rolled Steel

A Fall in The Value of China's Currency Against The Dollar Increased Importers' Losses

May 26, 2014

A fall in the value of China's currency against the dollar has increased the losses incurred by the country's copper importers in May, Chinese industry sources said Thursday. The US dollar was trading at Yuan 6.26 Thursday, compared with ...

Tags: Copper Importers, metals

Chad's Export Grade Crude Oil Will Be Set at 3.8m Barrels in July, Rise 33.33%

May 26, 2014

Loadings of Doba, Chad's only export grade crude oil, will be set at 3.8 million barrels in July, up 33.33% from June, according to a copy of the country's loading schedule seen Thursday by Platts. Four cargoes of 950,000 barrels each ...

Tags: crude oil, Chevron

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