Oil prices dropped on profit- taking Monday after gains for six trading days on concerns that the unrest in Egypt could disrupt oil supplies. Although Egypt is not a major oil producer, it controls the Suez Canal and the ...
Tags: Oil Prices
It was usually quiet Friday morning at the Baoshan Cement Co., Ltd. factory in east China's Jiangxi Province. The factory's production lines were shut down after it was put on a list of companies designated by the Ministry of Industry and ...
Sinopec Engineering Group Co Ltd saw annual profit growth of 10.8 percent during the first half of the year to 2.21 billion yuan ($361 million), a statement from the company said. The group saw revenue of 19.65 billion yuan from January ...
Tags: Sinopec, Metallurgy, Mineral, Energy
The UK's oil producers group Oil & Gas UK cut Wednesday its forecasts for oil and gas production this year amid signs that declining output from mature fields and outages in the North Sea continue to outpace the impact of new projects and ...
Tags: Oil, Gas, Metallurgy, Mineral, Energy
The sun is finally rising on the global solar business, with growing demand in developing regions helping to ignite the first increase in industry-wide capital spending in three years in 2014, according to research firm IHS. Global ...
Tags: Lights, Lighting, Solar Industry
State's support for new environmental initiatives promotes emerging sectors China's investment in renewable energy will bring vast opportunities and challenges for the country's overall development, a senior official said at a recent ...
Tags: renewable energy, Metallurgy, Mineral, Energy
The recapture of power generation demand from coal and expectations for an early start to the US heating season could prompt a pre-winter rally for natural gas prices by October, BNP Paribas said Friday. Much of the year-to-date increase ...
Tags: Gas, Metallurgy, Mineral, Energy
Chung Hung Steel, one of the major carbon steelmakers in Taiwan is going to release its price policy for September on August 28th. Industry source predicted that the company might raise its list prices for steel flat products by ...
Tags: Steel Pipe, Mineral
The Chinese steelmaker Shagang released its financial result for January-July period of 2013. In the January-July period, Shagang realized sales revenues of RMB132.83 billion, rising by 4.18% year on year and its net profits amounted to ...
Tags: steelmaker, Shagang
It’s reported that the Chinese steelmaker Shougang announced to hike its prices of hot rolled coils (HRC) and plates by RMB150/ton and RMB100/ton respectively for September. However, Shougang remained its prices for cold rolled ...
Tags: HRC Prices, Shougang
India’s steelmaker Essar Steel has launched high quality color-coated products, which were mainly developed for the market in the state of Kerala. It’s learned that the high quality color-coated steel products including ...
US stainless steel product surcharge may stop from 5 months of slide and rise in September as this month LME nickel price remained higher than July’s average price. Stainless surcharge rise would follow current translation price ...
Tags: Stainless Surcharge
It’s reported that Taigang Stainless, the largest stainless steel producer in China announced to hike its export prices for austenitic stainless steel coil by RMB180/ton, driven by higher domestic prices and improved demand. ...
The demand for imported heavy plate in Turkey still remained weak and it is estimated that the situation would not turn better in a short time. Currently, Ukrainian mills like Alchevsk and LLyich offer US$550/ton CFR for heavy plate ...
Tags: Imported Heavy Plate, Mineral
According to data released by the American Iron and Steel Institute (AISI), the US steel mills’ shipments totaled 7,806,319 net tons in June, falling by 3% from 8,047,024 net tons in a month ago and decreasing by 2.6% from 8,016,834 ...
Tags: Steel Mill, Mineral