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There Is a Strong Decline on Kardemi's Net Margin in H1

Aug 29, 2013

Turkish integrated long steel producer Kardemir Karabuk Demir Celik Sanayi ve Ticaret A.S. (Kardemir) has announced its financial results for the second quarter and the first half of 2013. In the second quarter, Kardemir recorded a net ...

Tags: Kardemir, steel producer

OTA's Big Wheels Car and Bike Rally Mean Passing of Two of The Industry's Rising Stars.

Aug 29, 2013

The Ontario Trucking Association's (OTA's) Big Wheels Car and Bike Rally has taken on a new meaning this year, with the passing of two of the industry's rising stars. The event will be dubbed the Rally For a Cause on Sept. 12, and will ...

Tags: Transportation, Auto Parts

MERIS Has Downgraded The Credit Rating of Egypt-Based Steelmaker

Aug 29, 2013

Middle East Rating and Investors Service (MERIS) has announced that it has downgraded the credit rating of Egypt-based steelmaker Ezz Steel to B+ from BB+, with the outlook being negative. According to MERIS, Ezz Steel is facing critical ...

Tags: Steel's Rating

Sims Expects Tight Ferrous Scrap Flows and US Scrap Processing Overcapacity

Aug 29, 2013

Sims Metal Management expects tight ferrous scrap flows and US scrap processing overcapacity, two major headwinds impacting margins, to improve in its current fiscal year that ends June 30, 2014. The global scrap firm notes an improvement ...

Tags: Ferrous Scrap, Mineral

PetroChina Expects Shale Gas to Ultimately Account for About 20%

Aug 29, 2013

Chinese state-owned PetroChina expects shale gas to ultimately account for about 20% of its total gas production and is now progressing plans to accelerate its domestic resources. Speaking at a press conference to discuss its interim ...

Tags: PetroChina, Gas Output

Oil Prices Dropped Monday After July Durable Goods Orders Came in Weaker Than Expected

Aug 29, 2013

U.S. oil prices dropped Monday after July durable goods orders came in weaker than expected. New orders for manufactured durable goods in July tumbled 7.3 percent from the previous month following three consecutive monthly increases, ...

Tags: Oil Prices, Durable Goods Data

Cambodia Has Imported 871,000 Tons of Petroleum in The First Six Months of The Year

Aug 29, 2013

Cambodia has imported 871,000 tons of petroleum in the first six months of the year, a 5.6 percent decline compared with the 922,800 tons at the same period last year, the figures of the Ministry of Commerce showed Monday. During the ...

Tags: Oil Imports, Metallurgy

China's State Refiners Continued to Suffer in The Downstream in The Second Quarter

Aug 29, 2013

Despite a new oil product pricing mechanism introduced by the central government in March, China's state refiners continued to suffer in the downstream in the second quarter because of poor domestic demand, their interim results showed. ...

Tags: oil product, gasoil demand

US Spot Mixed Xylene Was Last Assessed Friday at a Five-month High of $4.25/gal FOB US

Aug 29, 2013

US spot mixed xylene was last assessed Friday at a five-month high of $4.25/gal ($1,296.85/mt) FOB US Gulf Coast after a trade was heard at that level for August, sources said. The spot assessment has not been this high since March 13, ...

Tags: Mixed Xylene, Chemicals

It Was Assessed by SunSirs That in The Tracked 100 Spot Commodities

Aug 29, 2013

It was assessed by SunSirs that in the tracked 100 spot commodities,31 commodities increased in prices, 16 fell and 53 remained unchanged on 26/08/2013.The largest rises were Silver (5.07%),Natural rubber (2.18%),Soybean meal (1.03%),while ...

Tags: Spot Commodities

Peugeot 5008 Have Fresh Exterior Styling and a Subtly Revised Cabin

Aug 29, 2013

The facelifted Peugeot 5008 has been revealed, introducing fresh exterior styling and a subtly revised cabin to the French brand’s seven-seater. The updated 5008 embraces Peugeot’s new family face, incorporating stylised ...

Tags: Peugeot 5008, Facelift, Seven-Seater

The Infiniti Q30 Concept Has Been Unveiled

Aug 29, 2013

The Infiniti Q30 concept has ben revealed ahead of its September 10 unveiling at the Frankfurt motor show, providing the clearest look yet at what will become the brand’s first small car. Visible in a single image that follows a ...

Tags: Infiniti Q30, Compact Crossover

Biomotion Alux Concept with Electric City Car Has Been Unveiled

Aug 29, 2013

The BioMotion Alux concept has been revealed, showcasinga new Mexican manufacturer’s take on an affordable electric city car. The Alux is the result of a competition held by the car maker to design an inexpensive, environmentally ...

Tags: Electric Car, Biomotion Alux Concept

Jaguar F-Type R-S Coupe Is Snapped by Spy Photographers on Track

Aug 29, 2013

A prototype of what is believed to be the as-yet-unconfirmed Jaguar F-Type R-S coupe has been spied lapping Germany’s Nurburgring. Snapped by CarAdvice’s spy photographers on track and on the roads around the famous circuit, ...

Tags: Jaguar, F-Type Coupe

Lexus Will Open Luxury Brand Experience Space to Expand Brand

Aug 29, 2013

Lexus will open its first “luxury brand experience space” at the end of the month, expanding the Japanese marque into the world of retail. Dubbed ‘Intersect by Lexus‘, the first store, which will be located in ...

Tags: Lexus, Luxury Retail Stores

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