It's reported that Baosteel Stainless, the second largest stainless steel producer in China announced to cut its export prices for austenitic stainless steel coils by 200/ton due to lower nickel prices and sluggish demand. An official of ...
Tags: Stainless Steel, Metallurgy, Mineral, Energy
On April 13, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Co. Ltd announced that in 2012 its total operating revenue amounted to RMB 111.632 billion ($17.95 billion), down 16.28 percent, while its net profit totaled RMB 109 ...
Tags: Hebei Steel, Net Profit
According to the 2012 review of the steel market published by the European Steel Association (EUROFER), crude steel production in the European Union amounted to 168 million mt in the given year, down five percent compared to 2011. Similar ...
Tags: Steel Exports, Mineral
It’s reported that the Chinese steelmaker Baosteel’s crude stainless steel output was at around 100,000 tons in this March, lower than the average monthly output of 115,000~120,000 tons in 2012, due to weak demand. The ...
Tags: Chinese Baosteel, Stainless Output
At 11th International Steel Market and Trade Conference held on Mar 28-30 in Guangzhou, China, during her speech on China’s macroeconomy and real estate industry, Ren Xingzhou, the director of Institute of Market Economy, Development ...
Tags: Steel Industry, opinion, Steel Market
It is reported that Taiwan's Yieh United Steel Corp (Yusco) announced to cut April prices for its 300 series stainless hot rolled and cold rolled products by up to US $50/ton for overseas customers, and by NT2,500/ton for domestic buyers. ...
Tags: Taiwan, steel, Metallurgy, Mineral, Energy
In the last few weeks, Chinese processing and commercial companies’ demand for beech lumber has failed to some extent to fulfil the expectations of German sawmills and exporters geared to Asia export. After Chinese companies’ ...
Tags: Sluggish Demand, Beech Lumber, Lumber
The Peruvian polyvinyl chloride market flipped into backwardation for April as buyers took long positions in anticipation of lengthening supply in second-quarter 2013, sources said Thursday. "Consumers are buying only the minimum amount ...
Tags: PVC Dips, Seasonal Demand, Peruvian
At the SteelOrbis Market Talks Meeting held in the northwestern Turkish city of Bursa on March 15, Sinan Sozen, executive vice president of Borcelik, one of Turkey's leading cold rolled coil and galvanized sheet producers, said that the ...
Tags: Metallurgy, Borcelik, Mineral
The spread between Asian solvent-grade mixed xylenes and feedstock naphtha was assessed by Platts at a six-month low of $184.875/mt on Friday, down $55.625/mt from a week ago. Solvent-MX market came under pressure from weak demand and ample ...
Tags: mixed xylenes, feedstock naphtha, naphtha
Korean steel giant Posco announced to leave its domestic list prices for austenitic and ferritic stainless steel coils unchanged for March. Posco stated that it decided to roll over its stainless coil domestic prices for March due to ...
The ex-work price of carbon steel hot rolled coil in India for March is expected to keep steady due to sluggish demand and deflating cash flow for traders. For the first two months in 2013, however, Indian mills hiked their HRC prices ...
Tags: HRC, HRC market, HRC prices
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
Dutch organic food group Wessanen has widened its net loss in fiscal 2012 due to impairments and restructuring charges. In the 12 month period, net losses widened to EUR53.2m (US$70.1m) from EUR17.1m a year earlier, it said today (22 ...
Tags: Dutch food group, food groupfood
Profits earned by steelmakers in China's Hebei province in 2012 amounted to RMB 85.06/mt ($13.6/mt), far exceeding the average profit of RMB 2.68/mt ($0.43/mt) of medium and large steelmakers in China, as announced by provincial government ...
Tags: Steelmakers, Steel, steel exports