Reuters reported that London and Shanghai copper prices hit their highest in nearly 7 weeks cheered by news that China is seeking more effective policies to ensure stable economic growth. Concerns about the budget talks in Washington were ...
Tags: copper market, scrap metal price, copper scrap, copper price
German steel giant ThyssenKrupp while announcing the results has given following outlook From today's perspective, the Group's performance in the 2012/2013 fiscal year will be characterized to a very large extent by the continued ...
Tags: outlook, ThyssenKrupp, operations, organic growth
Bloomberg quoted Codelco as saying that there's sound and solid interest from customers in China for next year amid signs of an economic recovery in the world's biggest market for the metal. Mr Thomas Keller CEO of Codelco said that ...
Tags: world's biggest market for the metal, Codelco, Bloomberg
Reportedly Ovako, Noth European engineering steel producer, has planned to reduce by 200 positions. Notices of redundancy are 134 positions in Hofors and another 70 positions in Sweden and Finland. Since the autumn of 2011, Ovako ...
Reuters reported that London copper was steady and was set to close the week little changed as traders focused on the progress in US talks to avert a looming fiscal crisis while also waiting for a crucial jobs report from the world's ...
Tags: copper, China's industrial production figures, copper contract
Slovenian retailer Mercator has warned of rising raw materials costs and "profound recession" in many of its key markets after swinging to a net loss in the first half of 2012. For the six months to the end of June, Mercator reported net ...
Tags: Mercator, raw materials, key market, food market, net loss
US food giant General Mills said today (27 June) the steepest rise in input costs it has experienced in over 30 years weighed on its full-year earnings. For the 12 months ended 27 May, net profit slid 12.8% to US$1.57bn. Operating ...
OPEC gathers in Vienna this week for a ministerial meeting to decide on the cartel's oil production ceiling as a predicted drop in demand risks weighing on high crude prices despite Middle East unrest. The Organization of Petroleum ...
Tags: Middle East unrest, OPEC, oil, production
Year-to-date sales also dropped 4.6% to $189.46bn compared to the same period last year Worldwide semiconductor sales have declined 3.2% in August 2012 to $24.3bn from $25.1bn recorded during the corresponding month in 2011, according to ...
Tags: semiconductor, Semiconductor Industry Association, sales decrease
The deal will offer the firm with around $150m to $200m in cash US based chipmaker AMD is planning to sell and lease back its Texas campus in a bid to raise cash for funding chipmaking business, as it struggle with sluggish personal ...
Tags: AMD, chipmaking business, fund operation
China's industrial output and retail sales exceeded forecasts last month while inflation rebounded from a 33 month low in signs the economic recovery is accelerating. Factory production climbed 10.1%in November from a year earlier,the ...
Tags: industrial output, retail sales, inflation, economic recovery
Reuters reported that Shanghai steel futures climbed more than 1%on Monday to their highest since October,after fresh data boosted optimism that China's economic recovery was gaining traction,boding well for demand for both steel and its ...
Tags: steel futures, economic recovery, industrial output, iron ore
Bloomberg reported that iron ore inventories in China,the biggest user of the steelmaking ingredient,dropped to the lowest levels in 2 years as higher demand pushed up prices. According to weekly data from researcher Beijing Antaike ...
One official from ArcelorMittal USA said recently that he sees positive growth of steel industry in the next few years in slower rate, and the US market is holding against import, and resulting in more exports. He indicated that the ...
Tags: US Steel Industry, vehicles, growth of steel industry, the energy pipe
The main factor in determining oil prices next year, whether they will hold near current levels or come off what looks to be the highest ever annual average, will depend on how the economies of the world's main demand centers fare, ...
Tags: Oil Prices, high oil prices, gas