Chinese steelmakers, already obsessed with low profit margins, have been told to increase their environmental investment to help the country reduce air pollution. As part of an action plan to curb air pollution, the Chinese government is ...
Tags: steel, Construction
Chinese steelmakers should reduce the amount of iron ore they buy through long-term contracts in favor of purchasing from the spot market, through trading platforms, the China Iron & Steel Association said Wednesday. "Mills should ...
Tags: Chemicals
It's reported that Chung Hung Steel, one of the major carbon steelmakers in Taiwan announced to raise its list prices for steel flat products for October. The company decided to hike its list prices for hot rolled, cold rolled steel ...
Tags: Hikes Steel Flats, Steel
It's reported that the Chinese steel mills started price negotiation for hot rolled coils with the Vietnamese buyers for October and November deliveries. The Chinese steelmakers planned to raise the HRC prices slightly but the price rise ...
Tags: HRC, Construction
According to data released by Korea Iron and Steel Association (KOSA), the country' exports of carbon hot rolled coils (HRC) totaled 273,000 tons in August, slumping by 40% year on year and touching the lowest level of this year. In the ...
Tags: HRC, Construction, steel
Steel Dynamics Inc. (STLD) provided a third-quarter earnings outlook, with the top of the range in line with Wall Street expectations, as the steelmaker said it expects profitability from steel operations to increase from the second ...
Tags: Construction, steel
BEIJING-Signs of more appetite in China for steel and other materials and equipment used in construction add to evidence of an economic rebound, but one driven by a return to ramped-up spending on infrastructure and heavy industry the ...
Tags: Steel, Metallurgy, Mineral, Energy
It might sound ridiculous for a steelmaker to raise pigs, but Chinese steelmaking firms are showing unprecedented interest in non-steel businesses to cope with the challenge of low profits amid a downturn. Non-steel business turnover of ...
Tags: steel, Non-Steel, Construction
State-owned Shougang, one of China's largest steel companies, resumed operations at its 300 mt/year gas-to-ethanol pilot plant in Jingtang, northern China, in August, following a halt in February due to a technical glitch, a spokesman at ...
Tags: steel, Construction
Russkaya Stal (Russian Steel), a non-profit association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.55 million metric tons of finished steel in July this year, up 2.7 percent from June and ...
Tags: Russian Steel, steelmakers
According to Goldman Sachs's analysts, Brazilian steelmakers are likely to increase prices of their flat steel that sold to domestic carmakers by 5% by the end of this year. The vehicle manufacturers maintain long-term contracts with steel ...
Tags: Steel, Construction
In the second quarter of the current year, Belgian crude steel production amounted to 1.77 million mt, falling by six percent year on year and up 3.4 percent compared to the first quarter, according to the Belgian Steel Federation (GSV). In ...
Tags: Metallurgy, Mineral, Energy, steel
It's reported that the Indian steelmakers including Essar, JSW Steel are mulling to raise the hot rolled coil (HRC) prices by INR1, 000/ton in order to reflect higher raw material prices. At present, the HRC prices are at INR39,000/ton in ...
Tags: steel
The China Iron and Steel Association (CISA) has announced that in the first seven months of the current year the aggregate gross profit of its member enterprises amounted to RMB 4.943 billion ($808 million). Meanwhile, in the given period ...
Tags: steel, Metallurgy, Mineral
On August 29, the China Iron and Steel Association (CISA) announced that in mid-August (Aug. 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.739 million mt, down ...
Tags: steel, Metallurgy, Mineral, Energy