According to report made by the Posco Research Institute (Posri), Korea’s domestic demand for finished steel products will rise slightly by 1.5% year on year to 26.48 million tons in the second half of this year. Posri indicated ...
Tags: Domestic Steel Demand
Zhang Changfu, vice chairman of the China Iron and Steel Asociation (CISA), has recommended the cancellation of the exemption from three percent import tax for wear-resistant steel as well as the cancellation of the exemption from 17 ...
Architectural glass sales for Nippon Sheet Glass (NSG) continued to improve in North America, thanks largely to increases in private residential construction, according to the company’s quarterly financial statement released on ...
Tags: Glass, Sheet Glass
India's steel ministry has stated that reducing the country's iron ore export tax from the current 30 percent might negatively affect the raw material security of the domestic steel industry and, contrary to the government's view, would ...
Tags: Steel Ministry, Iron Ore Export
The Economic and Steel Market Outlook 2013-2014/Q3 2013 Report from the Economic Committee of the European Steel Association (EUROFER) confirms the stabilization of the EU economy in the second half of 2013 and a gradual but slow recovery ...
Tags: Steel Using Industries, Mineral
Textile and clothing exports from member countries of the Association of Southeast Asian Nations (Asean) declined sharply in 2012, according to Textiles Intelligence. The main causes were declines in exports to the USA and the EU, ...
The latest U.S. Department of Agriculture (USDA) projections indicate that world 2013/14 cotton consumption is forecast at 109.8 million bales, an increase of 2 percent (2.4 million bales) from a year ago. India and Pakistan are expected to ...
Tags: Cotton Consumption, Textile
The Chinese economy is capable of withstanding shocks, although its facing downside risks from both external and domestic uncertainties, said the International Monetary Fund (IMF) on Wednesday. China's economy "is expected to grow at ...
The International Monetary Fund has lowered its oil price forecasts to $100.09/barrel in 2013 and $95.36/b in 2014. In April, the IMF forecast that oil prices would average $102.60/b this year and fall back to $97.58/b in 2014. However, ...
In the Eurozone, activity contracted by 0.3% in Q1 2013, falling for the sixth consecutive quarter. However, GDP growth is expected to turn slightly positive in Q2 2013 (+0.1%), with a mild acceleration over the following quarters (+0.2% in ...
Tags: economy, Labor market
China's service sector in June grew too slowly to counteract a wider loss of momentum in China’s economy, Reuters reported. Numbers released by the National Bureau of Statistics showed service PMI at 53.9, a 9 month low, while a ...
Tags: Service Sector, Domestic Demand
Despite China's slowing economic growth, the retail industry in the world's second-largest economy will maintain sustainable growth in the medium and long term, commerce officials said on Thursday. Meanwhile, the industry is undergoing a ...
Tags: Retail Industry, economic growth
According to the World Bank's latest Turkey Regular Economic Brief issued on July 3 in Ankara, Turkey's economic growth in 2013 is forecast to remain below trend at an estimated 3.6 percent. The brief links moderate growth prospects to ...
Tags: Economic Growth, World Bank, economy
US polypropylene contracts for June were settling this week at a 3-cent/lb ($66/mt) increase, following a similar hike on feedstock propylene, sources said Friday. The 4% increase pushed homopolymer injection grade polypropylene to 74-75 ...
Tags: Polypropylene, Chemicals
Despite margin compression resulting from feedstock price increases over the first quarter, Great American Group, analysts note that the overall textiles industry continues to make progress after bottoming out in 2009. “Many ...