According to data released by the Chilean construction chamber (CChC), China’s rebar shipments totaled 52,644 tons in February, falling by 11.4% from a month ago while rising by 15% year on year. Industry sources said that the drop ...
Tags: Mineral, Rebar Shipments
International credit rating agency Moody's has announced that it has downgraded Russian steelmaker Mechel's rating to B3 from B2, changing its outlook to negative from stable. Moody's stated that the downgrade reflects low coking coal ...
Tags: steelmaker, steel, Mechel
According to the report of 'Eurofer' of European iron and steel association, the European market decline in demand for steel will continue into 2014. Association announced that because of the strict EU economic measures as well as funding ...
Tags: Steel, Steel Demand, Mineral, metal
According to report made by Posco Research Institute (Posri), Korea’s domestic demand for steel products might be at 54.08 million tons this year, rising slightly by 0.1% from a year ago. Posri pointed out that the demand from ...
Tags: steel demand, steel, steel products
With concerted efforts of personnel from Bayi Steel marketing, technology and site operation, Steel Rolling Plant bar and wire unit recently completed commercial production of urgently needed Φ20 steel bolts, and delivered to users in ...
Tags: Bayi Steel, bar and wire unit, steel bolts
At the SteelOrbis 2013 Spring Conference & 68th IREPAS Meeting held in Doha on March 3-5, Phil Eglin from World Steel Dynamics (WSD) has said that the recent slowdown in Chinese steel demand is a result of the slowdown in fixed asset ...
Tags: steel demand, steel, Steel Dynamics
On February 28, Hong Kong-based conglomerate CITIC Pacific, which includes special steel manufacturing and iron ore mining among its main business interests, announced its financial results for 2012. Accordingly, in 2012 CITIC Pacific ...
Tags: Iron project, CITIC Pacific, iron ore mining
After the 2013 NASPD Annual Conference's kickoff cocktail reception in Las Vegas on February 21, 2013, the nearly 500 attendees got down to the business of making sense of the pipe market during the general session Friday morning. ...
Tags: pipe, pipe market, pipe industry
Latin American steelmaker Ternium has reported a net loss of $275 million in the fourth quarter of 2012, compared to a net profit of $136.4 million in the corresponding quarter of the previous year. In the full year 2012, Ternium's net ...
Tags: Ternium, net profit, steelmaker
Metals service center Olympic Steel announced Thursday financial results for Q4 2012 and for the full year 2012. Net sales for the Q4 totaled $291.7 million, an 8.8 percent decrease from the Q4 record of $319.9 million reported in last ...
Tags: Olympic Steel, Steel, sales
According to the Economic and Steel Market Outlook 2013-2014/Q1 2013 Report from the Economic Committee of the European Steel Association (EUROFER), the total steel tube output in the European Union decreased by 5.5 percent year on year in ...
Tags: Eurofer, EU, Steel Tube Output
It is learned that UAE’s only integrated steel plant Emirates Steel is to produce 40mm rebar the match growing demand for steel in the region. The company’s CEO Saeed G Al Romaithi said that they are happy with the adding of new ...
Tags: Emirates Steel, Product Rebar, Mineral
Vale’s CFO, Luciano Siani, said in a meeting this week that his company is planning to reduce its 50% share of the undergoing steel plant project Companhia Siderurgica do Pecem (CSP). He said his company is excited about the new ...
Russia’s TMK, the biggest steel pipe supplier for the energy sector, reported cautious optimism on Tuesday as recovery of domestic demand in core pipe products. TMK shows a loss of pipeline project sales but welded oil country ...
Tags: TMK, steel pipe, core pipe products
Because the demand for steel sheet for the automobile industry kept increasing in Central Northern America, Posco decided to build a new processing center in Mexico for the automobile industry. The new processing center is closed to ...
Tags: steel sheet, processing center, Mexico, automobile industry