China will encourage Chinese steel enterprises suffering from overcapacity to transfer their businesses to overseas markets where the steel market is still very big, a top official was quoted in a statement published on the website of the ...
Tags: steel enterprises, steel industry
In order to sustain profits, the Indian steel companies such as JSW Steel, Essar Steel, and Mukand Steel plan to increase price by RS 1,500/ton in January, 2014. It’s learned that the price rise is driven by higher costs of iron ore ...
Tags: steel, metallurgy
Chinese steel mills are going to negotiate with Korean buyers about the export price of carbon steel hot rolled coil (HRC) for next February. So far, it is certain that the price would be surged by at least US$10/ton for next Jan-Feb ...
Tags: steel, metallurgy, HRC
Chung Hung Steel, one of the major carbon steel flat product manufacturers in Taiwan is expected to raise its prices for next January, supported by higher demand from Southeast Asia, Europe and the US and Chinese steel mills’ ...
Tags: steel, metallurgy, Taiwan
Russia’s United Metallurgical Co (OMK) has completed buying spring steel producer, Chusovoy Steelworks, which occupies 60% share of the Russian spring steel market. OMK had ever owned Chusovoy between 1997 and 2011. In 2014, OMK ...
Tags: steel, metallurgy
Since the steel prices have kept going strongly in the US market, the situation has encouraged Yieh Phui and Sysco, the two major coating mills in Taiwan to raise their new export prices for next February. It is said that Yieh Phui has ...
Tags: steel, metallurgy, Taiwan
Taiwanese China Steel Corp. (CSC) said the current global steel market is still in the situation of supply exceeds demand; therefore, cost down has already become one of the strategies for the company to hold leading position in the market. ...
Tags: taiwan, Metallurgy, Mineral, Energy
International credit ratings agency Fitch Ratings has affirmed Luxembourg-based global steel giant ArcelorMittal's rating at 'BB+', with the outlook being stable. Fitch stated that the credit rating affirmation and the stable outlook ...
Tags: steel, metallurgy
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has urged the Indian government to extend antidumping (AD) duty to imports of stainless steel flat products from China in all grades, widths, shapes and sizes, including ...
Tags: AD duty, stainless steel, metallurgy
At the 75th Organization for Economic Co-operation and Development (OECD) Steel Committee meeting held in Paris on December 5-6, the participants discussed the slow growth prospects in the global steel market, exchanged views on the effect ...
Tags: steel, metallurgy, OECD
The global long steel products market maintained its generally stable condition during the month of November on the back of stable ferrous scrap prices, according to the short-range outlook report issued by IREPAS, the global association of ...
Tags: IREPAS, long steel, long steel market, long steel products
Furthering its mission to help automakers meet stringent fuel economy requirements, the Steel Market Development Institute's (SMDI) Automotive Applications Council unveiled the results of its lightweight steel twist beam study Wednesday. ...
It is reported that on Tuesday the steel rebar prices in Shanghai futures advanced to record high since the middle of last month to RMB3,702/ton. The overall Chinese steel price index also went up by 3 points. It is analyzed the ...
Tags: steel, metallurgy
As of December 2, inventory of iron ore at 25 major Chinese ports amounted to 83.77 million mt, indicating an increase of 2.66 million mt or 3.28 percent week on week, as announced by China's Xinhua News Agency on December 2.?As of the same ...
Tags: Iron Ore, Chinese Ports
Although the scrap prices have kept going up in global steel market, the rebar transaction activity has still stagnated in the Taiwanese domestic market due to the weak demand. It is said the current rebar price in northern and central ...
Tags: Taiwanese Domestic Market, Rebar