It’s reported that Korean steel giant Posco has inked a memorandum of understanding (MoU) with the Cameroon government to develop steel industry jointly. Cameroon owns 5 billion tons of iron ore deposits and is ideally to supply ...
Tags: Cameroon, Steel Industry
According to data released by the National Bureau of Statistics (NBS), China’s output of seamless steel pipes totaled 2.853 million tons in June, hitting a new record high. In June, the daily output of seamless pipes averaged at ...
Tags: Seamless Pipe, Mineral
It is learned that Brazil’s Administrative Council for Economic Defense (CADE) has started an administrative proceeding to investigate Aperam. The body claims that Aperam Inox South America SA might be taking unfair advantage of its ...
Tags: Stainless Steel, Mineral
It’s reported that TMK, one of the world’s leading oil and gas pipe producers in Russia released its operating results for the first half of this year. The company’s shipments of steel pipes totaled 2.14 million tons ...
Tags: Pipe Shipments, Mineral
It is reported that ArcelorMittal is forecasting growth of between 9%~10% annually in the Chinese auto steel demand. The general manager of ArcelorMittal is quoted saying demand for auto sheet in China reached 13 million~14 million ...
Tags: Auto Steel Demand, Mineral
It’s reported that the US stainless producers have reduced alloy surcharges for 300 grade stainless steel products for August, mainly to reflect lower nickel prices. Also, the US stainless producers have reduced stainless alloy ...
Tags: Stainless Producers, Mineral
It’s reported that Chung Hung Steel, one of the major carbon steelmakers in Taiwan released its prices for September. Chung Hung Steel decided to raise its list prices for hot rolled and cold rolled steel products by NT$400/ton ...
Tags: Chung Hung Steel, Mineral
Tangshan Steel, a subsidiary of Hebei Iron and Steel Group announced that it exported 1.4256 million tons of finished steel in the first half of this year with export revenues of US$721.51 million tons. Among them, 680,000 tons were ...
Tags: Finished Steel, Mineral
Reportedly, Korean Posco, the world’s fifth-largest steelmaker by output posts a KRW240.5 billion (US$215.5 million) of net profit for the second quarter of this year, citing the strong competition from China lured customers with ...
U.S. based metal processing centers operator Reliance Steel & Aluminum Co. said yesterday that its net income of the second quarter was US$81 million, down by 27% from the same period of fiscal year 2012. The company attributes the net ...
Tags: Reliance Steel, Mineral
It’s reported that Chinese steelmaker Linyuan Steel planned to pay RMB328 million to acquire a raw material plant and an oxygen plant from its parent group Lingyuan Iron and Steel Group. It’s learned that the plant produced ...
Tags: Linyuan Steel, Raw Material Plant
According to data released by the National Bureau of Statistics (NBS), China’s daily output of welded pipes averaged at 150,333 tons in June, rising by 12% from a month ago and increasing by 6% year on year. In June, the ...
Tags: Welded Pipes, Mineral
It is reported that Taiwan’s Dragon Steel Corp announced to start the operation at its new No.2 sinter plant at its Taichung works, Taiwan. The new facility was designed an annual production capacity of 3.8 million which was ...
Tags: Dragon Steel, Mineral
According to report of the American Iron and Steel Institute (AISI), the US imported 2.442 million net tons of steel in June, decreasing by 14% from May. In June, the country’s imports of finished steel were at 1.956 million net ...
Tags: Steel Imports, Mineral
Reportedly, the stainless steel prices have dipped to 4-year low at end of June, caused by falling nickel prices. It’s learned that Taigang Stainless, the largest stainless producer in China has cut its ex-work prices of 304 ...
Tags: Stainless Steel, Mineral