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NEVS Acquired Saab Automobile's Assets on August 31, 2012

Aug 19, 2013

New Saab owner National Electric Vehicle Sweden (NEVS) has reportedly re-opened the former Swedish brand’s Trollhattan factory that shut its gates in April 2011 prior to the company filing for bankruptcy later that year. According ...

Tags: Saab Factory, NEVS Production

NLMK Announces Its Financial Result for The Second Quarter and The First Half of 2013

Aug 19, 2013

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

ThyssenKrupp Records a Loss of ?1.2 Billion Euro in The First Three Quarters

Aug 19, 2013

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

Formosa Plastics Agrees to Buy Nearly a Third of a New Iron Ore Project in Australian

Aug 19, 2013

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

The Country's Imports of Seamless Steel Pipes Lower Than 10,952 Tons in June

Aug 19, 2013

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

India's Finished Steel Consumption Amounted to 24.1 Million Tons in The First Four Months

Aug 19, 2013

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, ...

Tags: Finished Steel Consumption

Turkey's Imports of Steel Flat Products Rise by 25.6% Year on Year

Aug 19, 2013

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

Posco Has Officially Commissioned Its New Stainless Steel Cold Rolling Mill in Turkey

Aug 19, 2013

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

The US's Steel Service Center's Steel Inventories Decreases by 12.2%

Aug 19, 2013

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

Baosteel Stainless Announces to Raise Its Export Prices by US$50/Ton

Aug 19, 2013

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 ...

Tags: Baosteel, Stainless

The Yield of Ukrainian Crude Steel May Have a Decrease in September From July Level

Aug 19, 2013

According to the Ukrainian association of metal producers Metallurgprom, in September this year Ukraine's crude steel production is expected to decrease by 5.1 percent compared to July to 2.670 million mt. According to Metallurgprom's ...

Tags: Crude Steel Output, Mineral

The Yield of Ukrainian Iron Ore Increase by 8% in January-July

Aug 19, 2013

In the January-July period of this year, Ukraine's exports of iron ore increased by eight percent year on year to 22.003 million mt, according to the Ukrainian association of metal producers Metallurgprom. Meanwhile, exports of iron ore ...

Tags: Iron Ore Exports

The US Rig Count Has a Increase While The Canadian Rig Count Was Unchanged

Aug 19, 2013

Baker Hughes reported Friday that for the week ending August 16, the US rig count was up 13 to 1,791, but down 123 from 1,914 rigs during the same week a year ago. The oil rig count increased by 12 to 1,397 and the gas rig count was up by ...

Tags: Baker Hughes, Mineral

ITC Made Its Preliminary Injury Determinations in AD/CVD Investigations of OCTG Imports

Aug 19, 2013

On Friday, the US International Trade Commission (ITC) made its preliminary injury determinations in the antidumping (AD) investigations of OCTG from India, Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and ...

Tags: OCTG Imports, ITC

3 Million Mt of Iron Ore Will Be Shipped From Liberia to ArcelorMittal in Jan-Aug

Aug 19, 2013

Global steel giant ArcelorMittal has announced that it shipped 3 million mt of iron ore from its Liberia operations between January 1 and August 8 of the current year, almost doubling last year's figures for the same period. In July, the ...

Tags: steel giant, Iron Ore

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