In the week ended April 26, a mostly stable trend was observed in the London Metal Exchange (LME) billet market, after the falling prices recorded in the previous week. Strong declines had been recorded in the market since mid-March. The ...
Tags: LME Billet Market, Mineral
Baker Hughes reported Friday that for the week ending April 26, the US rig count fell by four to 1,754, following a 13-rig drop a week ago. The rig count was also down 191 rigs from 1,945 in the same week a year ago. During the week, the ...
Tags: Metallurgy, Mineral, Energy
Insteel Wire Products Company, a subsidiary of Mount Airy, North Carolina-based Insteel Industries, Inc., has purchased all of the concrete pipe and box culvert reinforcement production equipment and certain related assets of Tatano Wire ...
Tags: Insteel Wire, Metallurgy, Mineral, Energy
The Swedish steelmaker SSAB posted an operating loss of SEK136 million for the first quarter of this year, in comparison of an operating loss of SEK665 million in a quarter ago. Meanwhile, the company's consolidated shipments in the first ...
Tags: Metallurgy, Mineral, Energy
It’s reported that the Taiwanese stainless steelmakers are going to release its list prices for May next week. Industry sources predicted that the Taiwanese stainless producers might cut prices further by around NT$4,000~NT$5,000/ton ...
Tags: Stainless Steelmakers, Mineral
It’s reported that Korea’s imports of cold rolled (CR) stainless steel products jumped in March. According to data released by the Korean Iron and Steel Association (KOSA), Korea imported 19,965 tons of CR stainless steel ...
Tags: CR Stainless Steel, Mineral
It is reported that Korean steelmaker giant Posco planned to start trial production next month at its stainless steel cold rolling (CR) mill in Kocaeli, Turkey. Meanwhile, Posco Assan TST is owned 60% by Posco, 10% by Posco’s trading ...
It is reported that Iranian President Mahmoud Ahmadinejad this week in the opening ceremony of the coke production facility of Isfahan's Mobarakeh Steel Mill, which is said to be Middle East's largest coke production plant with an annual ...
Tags: Steel, Metallurgy, Mineral, Energy
It is learned that Italian steelmaker Beltrame's plant in Argentina is able to produce thick coil, which become the 2nd plant that able to produce thick coil in Latin America. The plant which costs US$250 million, 50% of it comes from ...
Tags: Coil Products, Metallurgy, Mineral, Energy
On Thursday, US Steel Canada sent a letter to United SteelWorkers Local 8782, to advise that the company is giving union workers 72 hours' notice of its intention to lockout employees at 9:00am on April 28, 2013. On Tuesday, Local USW ...
Tags: US Steel, Impending Lockout
In March this year, production in the Mexican car and light vehicle industry fell 3.1 percent compared to the previous month and was down 11.2 percent from March 2012, amounting to 238,519 units, according to the the Mexican Association of ...
Tags: Light Vehicle, Car
Mexican accumulated output of liquid steel increased 4 percent during the first two months of the year to reach 2.973 million tons, against 2.859 million tons in the same period last year. Production in February totaled 1.421 million ...
Tags: Steel Output, Mineral
Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for the first quarter of 2013. Accordingly, in the first quarter the operating profit of Outotec increased to €31.7 million, up 14.85 ...
US domestic flat rolled price increases in Q4 2012 and Q1 2013 did not stick due to lackluster demand, overcapacity woes and import competition, executives at Reliance Steel & Aluminum said during the company's Q1 2013 conference call on ...
Tags: Reliance Steel, US Flats Market
Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced that it will conduct a share exchange with Sumitomo Pipe & Tube Co., Ltd. (SPT) effective as of August 1, 2013 to incorporate SPT as its wholly owned subsidiary. ...