Korean steel giant Posco said that it has initiated steel powder plant project in Gwangyang. The steel powder plant is expected to help reduce the country’s heavy rely on imports once the facility is put into ...
Tags: Mineral, Steel Powder Plant
The Russian steel pipe maker TMK expected that the demand for steel pipes from oil and gas will be strong in 2013, especially the demand for oil country tubular goods (OCTG), large-diameter pipes and line pipes, driven by the oil and gas ...
Tags: TMK, Construction&Decoration, Russian
The Vietnam Steel Association (VSA) predicted that Vietnam’s demand for steel long products would remain weak due to sluggish construction activity in the domestic market. In April, Vietnam’s output of steel long products ...
Alberta-based Bri-Chem Corp. said Thursday that during Q1 2013, net earnings were $1.8 million compared to net earnings of $2.9 million for 2012, a decrease of 36.6 percent. Bri-Chem is wholesale distributor and manufacturer of oil and gas ...
Tags: Pipe Market, steel pipe
Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions ...
Tags: Salzgitter, Loss, Steel
After China's biggest steel manufacturer Baosteel announced a price cut, buyers holds back and takes a wait and see approach. It’s learned that the prices for rebar fell as demand softens. Weather condition has not been favorable and ...
It’s reported that many china steel makers are still facing difficult time and are expected to lower factory prices for major steel products. Although China has a lot of ongoing infrastructure construction projects, the steel prices ...
Tags: Steel Industry, Steel
Since the beginning of 2013, Mexico's economic environment has started to change from the end of the previous year, in February 2013, the Mexican global economic index (IGAE) fell 0.96% to 0.19%. In addition, compared with the same period ...
Japanese steelmaker Kobe Steel Ltd (Kobe) has issued its financial results for the fiscal year 2012-13 ended March 31. For the given period, Kobe Steel reported a net loss of JPY 27 billion ($275.7 million), compared to a net loss of JPY ...
Tags: Kobe Steel, Net Loss
Reportedly, the current price on HRC SS400 3.0mm*1,250mm*C in Vietnam is at US$650~US$660/ton (VAT included), remaining unchanged from last week. However, trading volume remains low as the demand is still weak. Figures showed on April 18 ...
Tags: Metallurgy, Mineral, Energy
It's reported that Japan's Nippon Steel & Sumitomo Metal Corp. (NSSMC) said that it has received orders for steel pipe piles with inner rib for the Australian Ichthys liquefied natural gas (LNG) project, together with Nippon Steel & Sumikin ...
Tags: Metallurgy, Mineral, Energy, steel
Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced that, together with its steel pipe pile joint corporation in Vietnam, Nippon Steel & Sumikin Pipe Vietnam Co., Ltd. (NPV), it has recently received orders for large ...
Tags: Metallurgy, Mineral, Energy, steel
As of April 8, inventory of iron ore at 25 major Chinese ports amounted to 72.98 million mt, indicating a very slight decrease of 230,000 mt or 0.01 percent on week-on-week basis, as announced by China’s Xinhua News Agency. As ...
Tags: Iron Ore, Chinese Ports
Czech-based Evraz Vitkovice Steel, a subsidiary of Russian vertically-integrated steelmaking and mining company Evraz, has halted steel production at its Ostrava plant due to weak demand, according to media reports. Evraz Vitkovice ...
Tags: Evraz Vitkovice Steel, Halts Steel, Mineral
According to the statistics provided by the Turkish Steel Pipe Manufacturers Association (CEBID), in March this year Turkey's total steel pipe exports amounted to 183,903 metric tons, increasing by 17 percent both compared to the same month ...
Tags: Steel Pipe, Mineral