According to the Metal Industry Indicators report released by the US Geological Survey (USGS), an upturn in US metals industry activity might be slower than earlier data indicated. The US economic recovery has been supporting domestic ...
Tags: US, Steel Industry Activity, Metallurgy
It is learned that Brazil’s steelmaker Gerdau produced 4.4 million tons in the first quarter of this year which means a decrease of 11% compared to the same period last year. According to the company, the reduction reflects its ...
Tags: steelmaker, Gerdau
JFE Chemicals which operates a benzene plant has reduced the operating capacity of the plant. “We are operating the benzene plant at 70% of production capacity due to lower demand in the market,” a JFE official told ...
Gerdau reported Tuesday net revenue of R9.2 billion (US$4.6 billion) in Q1 2013 while shipments reached 4.6 million tons and steel production was 4.4 million tons. Net income was R160 million (US$79.6 million) in the quarter, a 60 percent ...
Refiners along the US Gulf Coast "left money on the table" by performing much-needed seasonal maintenance this winter, giving up profits from exports during a period of substantially higher diesel crack spreads, RBN Energy analyst Sandy ...
Tags: Refiners, Gulf Coast
Ontario-based Russel Metals reported Q12013 earnings of $22 million on revenues of $822 million. These results compare to the earnings of $33 million on revenues of $803 million in the same quarter last year and are above the Q4 2012 ...
Tags: Energy Segment, Russel Metals
Canton, Ohio-based The Timken Company reported Wednesday sales of $1.1 billion for Q1 2013, down 23 percent year-on-year. The decline reflects lower demand across most of the company's end markets led by oil and gas, industrial distribution ...
Tags: Metallurgy, Mineral, Energy
The Rieter Group held its own in 2012 against difficult market conditions worldwide. Order intake for the year as a whole declined by 12% to 839.7 million CHF, although Rieter received more orders in the second half-year than in the first. ...
Tags: Textile, Rieter Group
Despite lower demand from some of the key Western markets, Indian handicraft exports have achieved the target of US$ 3.3 billion set for fiscal year 2012-13. The items that posted highest year-on-year export growth during the period ...
Tags: Handicraft Exports, Textile
The economic recession has had a dismal effect on men's and boys' apparel wholesalers; however, revenue will rebound as the economy recovers. The Great Recession had a dismal effect on the US economy, including the Men's and Boys' Apparel ...
Tags: Apparel Wholesalers, Apparel
Uncertainty over feedstock prices is putting a block on upward momentum in the European polyethylene terephthalate market, market sources said. Prices have been marching upwards recently as producers pushed through higher feedstock prices ...
China should take advantage of relatively low coal prices and import more to satisfy electricity demand in its most populous provinces, instead of relying on domestic coal, which is expensive to transport, according to a Chinese government ...
Tags: domestic coal, coal prices, coal
Platts April LNG Japan Korea Marker ended the Asian trading week at $17.875/MMBtu, down 32.5 cents/MMBtu, as North Asian spring demand subsided along with expectations of temperatures warming up in the period. The one-month weather ...
Tags: LNG, gas, market view
Associated British Foods has forecast flat revenue from its grocery division in the first half of its fiscal year amid challenging conditions in bread markets in the UK and Australia. ABF, which owns the Kingsmill bread brand in the UK ...
Tags: ABF, flat revenue, grocery division
European solvents producers are under pressure to increase prices due to the drop in the value of the euro against the dollar despite poor-to-stable demand, sources said this week. In some cases, firm feedstock prices for most of February ...
Tags: NWE, European solvents, Chemicals