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US Steel Canada Give Union Workers 72 Hours' Notice of Its Intention to Lockout Employees

Apr 27, 2013

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

Mexico's Car and Light Vehicle Exports Declined 3.8% in Q1

Apr 27, 2013

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

Mexico's Steel Output Increased 4 Percent During The First Two Months in 2013

Apr 27, 2013

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

Outotec Issued Its Financial Results for The First Quarter of 2013

Apr 27, 2013

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 ...

Tags: Outotec, Mineral

Reliance Steel Saw Severe Pricing Struggle in Flats Market of US

Apr 27, 2013

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

NSSMC Conduct a Share Exchange with SPT to Incorporate SPT

Apr 27, 2013

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. ...

Tags: NSSMC, Pipe&Tube

Exports of Iron and Steel Scrap From The Us in The Month of Jan Down 5% Compared to Dec

Apr 27, 2013

According to the Mineral Industry Survey released by the US Geological Survey (USGS), stocks of imported and domestic scrap in the US at the end of January this year amounted to 3.8 million mt, up slightly from the end of December 2012. ...

Tags: Iron and Steel Scrap, Mineral

Dumping Investigations on Galvanized Imports to Be Ended by Australia

Apr 27, 2013

The Australian Customs and Border Protection Service (ACBPS) has announced that, as a result of its dumping investigation regarding galvanized steel and aluminum zinc coated steel imports from China, South Korea and Taiwan, it has found no ...

Tags: Dumping Investigations, Galvanized Imports

Baogang Will Cooperate Regarding Bainitic Steel Production with Teye Industrial

Apr 27, 2013

On April 25, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) signed a cooperation agreement regarding bainitic steel production with Beijing-based Teye Industrial and Trade Co., as reported by Baogang on ...

Tags: Baogang, Bainitic Steel, Teye Industrial

Dalbeler Thinks That Scrap Prices May Fall Further

Apr 27, 2013

Ugur Dalbeler, CEO of Colakoglu Metalurji, one of Turkey's leading steel producers, has assessed the market situation after the decline seen in scrap prices, stating that in the last six months Turkish steel producers have been working with ...

Tags: Dalbeler, Scrap Prices

EU Commercial Vehicle Registrations Down 11% in The First Quarter

Apr 27, 2013

New commercial vehicle demand across the European Union (EU) in March this year was down for the 15th consecutive month, with a year-on-year decrease of 9.8 percent, according to the European Automobile Manufacturers' Association (ACEA). ...

Tags: EU, Mineral

Cliffs' Earnings Plummet as Iron Ore Sales Slow According to The Report

Apr 27, 2013

Cleveland, Ohio-based Cliffs Natural Resources reported late Wednesday Q1 2013 net income of $97 million, down significantly from $376 million in Q1 2012. Consolidated sales margin decreased 18 percent in Q1 to $238 million, from $292 ...

Tags: Iron Ore, Mineral

Life Cycle Approach to Vehicle Emissions Was Supported by Eurofer

Apr 27, 2013

The European Steel Association (EUROFER) has said it welcomes the decision of the European Parliament's Environment Committee (ENVI) to support a life-cycle approach (LCA) in evaluating CO2 emissions from passenger cars. Members have ...

Tags: Eurofer, Life Cycle, Mineral

India's Sail Will Get 4 Million Mt of Coking Coal Per Year From Its Tasra Coal Block

Apr 27, 2013

India's state-owned steelmaker Steel Authority of India Limited (SAIL) will get 4 million mt of coking coal per year from its Tasra coal block, a company official said. The development of the Tasra coal block in the eastern Indian ...

Tags: Coking Coal, Mineral

Japan's HR Flat Steel Exports up 23.6 Percent in The First Quarter

Apr 27, 2013

According to statistics released by Japan's Ministry of Finance, Japan's hot rolled (HR) flat steel exports totaled 1.4 million metric tons in March this year, increasing by 13.7 percent month on month and up 11.8 percent compared to March ...

Tags: HR Flat Steel, Mineral

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