Shougang, one of the major steel producers in China planned to remain its crude steel output unchanged at 33 million tons in 2014 due to uncertainties on steel prices. Last year, Shougang’s crude steel output was at 33 million tons ...
Tags: steel, metallurgy
NYMEX February crude settled $1.48 lower at $93.96/barrel Friday, as a large draw in stockpiles was overshadowed by a sharp drop off in product demand and rising distillate stocks. ICE February Brent settled 89 cents lower at $106.89/b. ...
Tags: stockpiles, crude, Mineral
Iron ore prices could continue to trade above $130/dry mt CFR North China in the first quarter of 2014, after higher-than-expected steel production in China supported them last year, Macquarie analysts said Thursday. "We believe Q1 2014 ...
Tags: Iron Ore
China's oil demand in November fell 2.1 percent year-on-year to an average 9.9 million barrels a day, according to a report by Platts that was based on China's latest government data. It is the second time that China's oil demand declined ...
Tags: Oil Demand, Energy
China's Shougang Group plans to maintain its crude steel output at 33 million mt in 2014 amid uncertainties on steel prices, a company source said Friday. The state-owned steelmaker has six 2,500-cubic meter blast furnaces at Caofeidian, ...
Tags: Shougang, Crude Steel Output
Indian steel producer Essar Steel has announced that it has received an order for 13,000 mt of high quality steel plates for the Jazan oil refinery expansion project of Saudi Arabian state-owned oil and natural company Saudi Aramco. Essar ...
Tags: steel, metallurgy
On January 3, Chinese steelmaker Chongqing Iron and Steel (Group) Co. announced that in 2014 it plans to produce 6.42 million mt of pig iron, 6 million mt of crude steel, 5.65 million mt of finished steel and 3.065 million mt of coke. The ...
Tags: steel, metallurgy
Plains All American Pipeline, L.P. (NYSE: PAA) ("PAA") and PAA Natural Gas Storage, L.P. (NYSE: PNG) ("PNG") today jointly announced the completion of the merger of PNG with a wholly-owned subsidiary of PAA, with PNG surviving the merger as ...
Tags: Plains All American Pipeline, PAA Natural Gas Storage, merger
Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel Co. (TISCO) has announced that it produced 9.98 million mt of crude steel in 2013, including 3.22 million mt of stainless steel. In addition, in the given year the company ...
Tags: steel, metallurgy
On January 6, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) announced that in 2013 it produced an estimated 39.68 million mt of crude steel, while it achieved an estimated net profit of RMB 1.5 billion ...
Tags: steel, metallurgy
In 2013, Ukraine registered an unchanged finished steel product output compared to 2012 at the level of 29.038 million mt, a one percent increase in its crude steel output to 32.684 million mt, and a two percent rise in its pig iron ...
Tags: steel, metallurgy
Closing Grain and Livestock Futures Prices Mar. corn closed at $4.23 and 1/2, up 3 cents Jan. soybeans closed at $12.89 and 1/4, up 2 and 1/4 cents Jan. soybean meal closed at $424.50, up 70 cents Jan. soybean oil closed at 38.34, ...
Tags: soybeans, crop development conditions, wheat, corn, crop price
Thailand's crude oil, condensate and natural gas production increased in the first 10 months of 2013 compared with the same period of 2012, but the growth rate has slowed considerably, according to the latest energy ministry data. Crude ...
Tags: Oil, Gas Output
With 2013 corn harvest prices approximately half of those in 2012, cow-calf producers may choose corn for supplementation again. It’s probably the cheapest source of energy on the market if you can feasibly deliver it to the cow herd. ...
Tags: Beef Cows, Protein Supplementation
NYMEX February crude settled 87 cents lower at $98.42/barrel Tuesday in low volume, pre-New Year's holiday trade, with the rest of the complex mixed. ICE February Brent settled 41 cents lower at $110.80/b. In products, NYMEX January ULSD ...
Tags: petroleum markets, Mineral