The Spanish stainless steel producer Acerinox S.A. has reported a net profit of €76.1 million in the first half of the current year, increasing by 373 percent compared to the same period of 2013, while its net sales came to €2.17 ...
Tags: stainless steel, Acerinox S.A., steel
In March this year, European stainless crude steel production increased by one percent to 710,000 metric tons, with Sweden's production increasing by six percent, Slovenia's production up two percent and Germany's production down 20 ...
Tags: Stainless Crude Steel, Crude Steel
Despite weak fundamentals and largely negative sentiment, the futures and swaps markets recovered some ground through the day, leading to some support for ore prices. Platts assessed the 62% Fe Iron Ore Index up 50 cents from Monday at ...
Tags: steel rebar, ore prices
China's coastal coal freight rates are showing signs of stabilizing this week, after falling for three months amid lackluster shipping demand from utilities. As of June 18, the shipping rate for vessels of 50,000-60,000 dwt from ...
Tags: Fenwei Energy, Freight Rates
Benefiting from the booming downstream sector?of household appliances, particularly in China, Taiwan-based Rechi Precision Co., Ltd., world's fourth-biggest compressor manufacturer by shipment, finished May with banner sales. The firm's ...
Prices for seaborne iron ore strengthened further Wednesday, tracking stronger restocking needs by buyers eager to procure raw materials when the market is recovering. Platts assessed the 62% Fe IODEX at $95/dry mt CFR North China, up ...
Tags: Iron Ore, steel square
The U.S. economy took a beating from an especially harsh winter during the January-March quarter, skidding into reverse for the first time in three years. But spring has arrived and along with it, signs that the chill was just a temporary ...
Turkish iron ore imports increased by 25% in the first quarter, on the back of higher blast furnace-based steel output and mills' restocking activity, according to statistics published this week. Data released by the Turkish Statistical ...
Tags: Iron Ore
The U.S. economy slowed drastically in the first three months of the year as a harsh winter exacted a toll on business activity. The slowdown, while worse than expected, is likely to be temporary as growth rebounds with warmer weather. ...
Tags: economy, U.S.Economy
Russian steelmaker Novolipetsk Steel (NLMK) has announced its production and sales data for the first quarter of the current year. According to the company statement, NLMK's crude steel output in the first quarter decreased to 3.91 million ...
Tags: Crude Steel, steelmaker
In January this year, European stainless crude steel production decreased by three percent to 670,000 metric tons, with German production decreasing by 19 percent, Sweden's production down four percent and Slovenia's production up 24 ...
According to the Economic and Steel Market Outlook 2014-2015/Q2 2014 Report from the Economic Committee of the European Steel Association (EUROFER), strengthening indicators and evidence of improving dynamics suggest that the EU economy is ...
Tags: Metallurgy, Mineral, Energy, Steel
Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...
Tags: Iron Ore, iron ore demand
Iron ore prices of just under $120/mt are likely to stay flat in the medium term, with some softening expected in the short term, a Sanlam Securities' mining analyst said Wednesday. "There's going to be volatility in the iron ore price as ...
Tags: Iron Ore, Medium Term
Trader procurement continued to boost spot demand in the Asian iron ore market, as trades got concluded at increasingly higher levels on the day, supporting a firming market. The Platts 62% Fe Iron Ore Index rose $2.75/dmt to $111.50/dmt ...
Tags: Iron Ore Market, spot demand, steelmaker