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Market View
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Voestalpine Announces That Build a Direct Reduction Plant Just Outside The City in Texas
Mar 14, 2013Austrian steelmaker voestalpine has announced that it will build a direct reduction plant just outside the city of Corpus Christi, Texas, US. The construction is estimated to take about 15 months to complete. The plant, which will be ...
Tags: Metallurgy, Mineral, Energy, iron
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Steel Demand Will Fall in European Market in 2013
Mar 14, 2013According to the report of 'Eurofer' of European iron and steel association, the European market decline in demand for steel will continue into 2014. Association announced that because of the strict EU economic measures as well as funding ...
Tags: Steel, Steel Demand, Mineral, metal
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Stainless Steel Circles Decline in Imports in Turkey
Mar 14, 2013According to the Turkish statistics institute (TUIK) in January of this year, Turkish import stainless steel coil for a total of 29072 tons, down 8.5%, growth of 9% year-on-year. In January, the imports of stainless steel coil produced a ...
Tags: Stainless Steel Circles, Stainless Steel, Steel, stainless steel coil
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Simmons Partnered with Sleep Country/Mattress Discounters to Replace 31 Beds
Mar 13, 2013Simmons partnered with Sleep Country/Mattress Discounters here to replace 31 beds in the Jubilee Women's Center, a nonprofit that helps women transition from homelessness into independent living. Simmons also donated ComforPedic from ...
Tags: Beds, Mattress, Furniture, Light Industry, Daily Use
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Dormeo Octaspring Named Jason Broyles as Chief Financial Officer
Mar 13, 2013Bedding producer Dormeo Octaspring has named Jason Broyles chief financial officer for its North American operations, a new position. He has more than 20 years of financial experience, most recently as CFO at Hunter Mfg., a producer and ...
Tags: Light Industry, Daily Use, Bedding
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Australian Dollar Broken Through 103 US Cent Mark to Reach Highest Level
Mar 13, 2013The Australian dollar has broken through the 103 US cent mark to reach its highest level in almost three weeks, helped along by weakness in its New Zealand counterpart. At 7am AEDT on Wednesday, the currency was trading at 103.21 US ...
Tags: Australian dollar, dollar, US cent
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Sharemarket Weakened After an Early Rise
Mar 13, 2013The sharemarket weakened after an early rise, as resources companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector from overweight to neutral. Further gains in high-yield and ...
Tags: sharemarket, Stock, defensive stocks
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Sharemarket Reversed Rise as Mining Companies Declined on China's Growth Outlook
Mar 13, 2013The sharemarket reversed an early rise as mining companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector to from overweight to neutral. High-yield and defensive sectors initially ...
Tags: Stocks, sharemarket, shares
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Professor Unveiled New Research Showing Dark Pools Decreased Quality of Price Formation
Mar 13, 2013The corporate regulator must not employ a one-size-fits-all approach to dark trading to ensure it stamps out harmful levels of activity in so-called "dark pools" without removing some of the benefits of trading away from exchanges, ...
Tags: trading practice, Securities, Investments
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S&P/ASX200 Closed Down 0.6 Per Cent at an Intraday Low of 5117.6 Points
Mar 13, 2013The sharemarket reversed an early rise as resources companies declined on uncertainty about China's growth outlook and Goldman Sachs downgraded the resources sector from overweight to neutral. High-yield and defensive sectors initially ...
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Australian Dollar Was Higher as Investors Continued to Lower Further Interest Rate Cuts
Mar 13, 2013The Australian dollar was higher in Asian trading yesterday as investors continued to lower their expectations of further interest rate cuts this year. Futures markets yesterday were pricing in just 18 basis points of interest rate cuts, ...
Tags: Rates, Australian dollar, dollar
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Treasury Is Warned Against Plans to Impose Higher Message Tax on High Frequency Traders
Mar 13, 2013Treasury has been warned against plans to impose a higher "message tax" on high frequency traders because it will reduce liquidity and increase volatility in the sharemarket. Capital Markets Co-operative Research Centre chief Mike Aitken ...
Tags: sharemarket, stocks, shares
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Dollar Was Higher as Investors Continued to Lower Further Interest Rate Cuts
Mar 13, 2013The dollar was higher today as investors continued to lower their expectations of further interest rate cuts in 2013. Futures markets were pricing in just 18 basis points of interest rate cuts, compared with 50 basis points at the start ...
Tags: dollar, futures markets, cash rate
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Stainless Steel Products in The Chinese Foshan Market in February Rises by 5.12%
Mar 13, 2013According to statistics, the stocks of stainless steel products in the Chinese Foshan market totaled 148,870 tons in the last 10 days of February, rising by 5.12% from a month ago. Among them, 75,074 tons were cold rolled stainless ...
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Liberty Mutual Insurance Reduces Many Positions, Due to Demand From Extra Employees
Mar 13, 2013Diversified insurance conglomerate Liberty Mutual Insurance is planning to reduce nearly 425 positions in Ireland, due to demand from extra employees for voluntary redundancy. A Liberty spokesman was quoted by Irish Times as saying that ...
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