It’s reported that Taiwanese Hsin Kuang Steel's second-quarter gross sales profit rate decreased from 9.31% in the first quarter to become 5.17% due to dropping steel market price. However, since Hsin Kuang Steel has done the ...
Tags: Hsin Kuang Steel, Mineral
It’s reported that Germany’s steelmaker Salzgitter announced to hike its prices for steel flat products by €30/ton, effective from September 1st, driven by higher input costs and better demand. Salzgitter stated that ...
Tags: steelmaker, Salzgitter
Russia’s output of flat rolled steel products totaled 33.8 million tons in the first seven months of this year, falling by 2.4% year on year, according to data released by the State Statistics Committee of Russia (Russtat). In ...
Tags: Rolled Steel Product, Mineral
According to statistics, Taiwan’s rebar exports totaled 3,900 tons in July, lower than 4,400 tons in a month ago. Meanwhile, the country’s rebar export prices averaged at NT$18,835/ton in July, falling by NT$416/ton from ...
Tags: Rebar Exports
Recently, a signing ceremony was held in Shanghai for delivery of the equipment for CAL ( Continuous Annealing Line ) for 2030 Cold Rolling Mill under Zhanjiang Iron & Steel. Mr Zhao Zhou Li, Deputy General Manager of Zhanjiang Iron and ...
Tags: Iron, Steel, Construction
A 53% jump in consumer demand for gold in China and India during the second quarter was not enough to offset a heavy decline in Exchange Traded Fund purchases which fell 400 mt over the same period, leaving demand down 12% on year at 856 ...
Tags: Gold Demand, Mineral
The Russian steelmaker NLMK announced its financial result for the second quarter and the first half of 2013. NLMK posted a net profit of US$34 million for the second quarter, falling by 87.8% year on year. Its sales revenues totaled ...
Tags: steelmaker, Mineral
It is learned that the German steel giant ThyssenKrupp recorded a loss of €1.2 billion euro in the first three quarters of this fiscal year, down by 23% compare to loss of €0.98 billion in the same period last year. The main ...
Tags: Thyssenkrupp, Mineral
It is reported that the Taiwanese firm, Formosa Plastics Group has agreed to buy nearly a third of a new iron ore project in Australia. The FMG Iron Ore Bridge project in Western Australia is 88% owned by Fortescue and 12% by Baosteel. ...
Tags: Formosa Plastics, Iron Ore
According to statistics released by Taiwan’s Customs, the country’s imports of seamless steel pipes totaled 9,984 tons in July, lower than 10,952 tons in June. In July, China was the largest seamless steel pipe exporter to ...
Tags: Seamless Steel Pipes
According to the provisional estimates released by the Joint Plant Committee (JPC), India’s finished steel consumption amounted to 24.1 million tons in the first four months of the Indian fiscal year 2013/14 started from April 1st, ...
According to statistics released by the Turkish Statistical Institute (TUIK), Turkey’s imports of steel flat products totaled 3 million tons in the first half of this year, rising by 25.6% year on year. In the given period of time, ...
Tags: Steel Flats
Reportedly, the Korean steel giant Posco has officially commissioned its new stainless steel cold rolling mill in Turkey. It’s known that the designed annual production capacity of this new stainless steel cold rolling mill is at ...
Tags: Stainless CR Mill
According to statistics released by Metals Service Center Institute (MSCI), the US’s steel service center’s steel inventories totaled 7.84 million short tons in July, decreasing by 12.2% year on year. The July’s ...
Tags: Steel Service
It’s reported that Baosteel Stainless, one of the major stainless steel producers in China announced to raise its export prices for austenitic stainless steel coils by US$50/ton in order to reflect higher stainless steel prices in the ...