Reportedly, Baosteel Stainless announced to cut its domestic prices for austenitic stainless steel coils for April in order to reflect lower nickel prices and weak demand. The company decided to cut its domestic prices for 304 grade hot ...
Tags: steel, Metallurgy, Mineral, Energy, Baosteel
It is reportedly that giant steelmaker of long product Gerdau announced this week that they acquired the remaining stake of its joint venture partner Kalyani Steels at its first plant in India's Andhra region. The plant has an installed ...
Tags: Metallurgy, Mineral, Energy, steel
US crude oil imports in February fell 770,000 b/d year on year, or 9%, to average 7.8 million b/d -- their lowest level in 16 years, the American Petroleum Institute said Thursday. Total crude and refined product imports fell in February ...
Tags: crude oil, oil, Metallurgy, Mineral, Energy
The time spread for gasoil swaps in Singapore narrowed 15 cents/barrel day on day to a seven-week low of plus 3 cents/b for April/May Wednesday, because of low regional gasoil demand and concerns over increased exports from China and India, ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Singapore-listed Noble Group has acquired a 5.34% equity stake in the Australian company developing the first large-scale underground coal mine in Indonesia in recent years in a move widely seen as a vote of confidence in the fledgling ...
Tags: Coal Mine, Coal, Metallurgy, Mineral, Energy
A third key congressional committee has entered the debate over the Renewable Fuel Standard, calling for comment on a series of questions and issuing a "white paper" detailing concerns about the biofuels mandate and some of the proposed ...
Tags: Chemicals, Metallurgy, Mineral, Energy, Renewable Fuel
Day-ahead gas prices on Continental Europe's trading hubs were mixed Thursday morning, as the Dutch TTF climbed from Wednesday's assessment, while spot prices on the German markets fell back by over half a euro. At midday UK time, the ...
Tags: Gas, Metallurgy, Mineral, Energy
Ulsan Aromatics, a joint venture between South Korea’s SK Global Chemical and Japan’s JX Nippon Oil and Energy has planned to build a new Paraxylene (PX) plant in Ulsan, South Korea. A SK Global Chemical company official ...
Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
Vancouver, British Columbia-based Canadian iron ore exploration company Alderon Resources Corporation has announced that China's largest steelmaker Hebei Iron and Steel Group Co., Ltd. (Hebei Steel) has contributed the remaining C$119.9 ...
Tags: Hebei Steel, Iron Ore Project, Mineral
According to the data released by the Japan Ship Exporters' Association (JSEA), Japanese new ship export orders in February this year decreased 68.25 percent on tonnage basis compared to the previous month, to five ships totaling 167,470 ...
Tags: Japan, Ship Export, Mineral
In March this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) increased to 51.7, higher compared to the final value of 50.4 in February, as announced by the HSBC. The sub-index measuring factory output rose in ...
On March 20, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co. Ltd, (WISCO), a subsidiary of Wuhan Iron and Steel (Group) Corp., announced that it has received approval from China’s State-owned Assets Supervision and ...
Tags: WISCO, Non-Public Share Issue, Mineral
Construction work has commenced on a new steel sheet project at Fuxi Industrial Park in Nanfeng in China’s Jiangxi Province, as announced by local media sources on March 19. The project is being financed by Hubei-based traders with a ...
Tags: Steel Project, Mineral, galvanized sheet
In February this year, Brazilian crude steel production totaled 2.6 million metric tons, falling by 6.8 percent compared to January this year and down 6.2 percent compared to February 2012, according to the Brazil Steel Institute (IABr). ...
Tags: Crude Steel, Mineral, Metallurgy