US-based coal producer Cliffs Natural Resources has announced that in the second quarter of the current year its sales revenue decreased by 26 percent to $1.1 billion compared to the corresponding quarter of the previous year. The lower ...
Finnish mining and metal manufacturing equipment provider Outotec has issued its financial results for the second quarter and the first half of 2014. In the second quarter Outotec reported an operating loss of €300,000, compared to ...
Tags: Metallurgy, Mineral, Energy
China's apparent oil demand* in June turned directions from May and climbed 2.7% versus the same month a year ago to 41.94 million metric tons (mt) or an average 10.25 million barrels per day (b/d), according to a just-released Platts ...
Tags: Metallurgy, Mineral, Energy, Oil
China just notched up its third-largest quarterly trade surplus on record: a whopping $86 billion, equivalent to roughly the entire output of the Danish economy over the same time. But if you look a little bit closer at the seemingly ...
Tags: economy, china trade surplus, china economy
China's coal mining and washing industry reported profits falling 43.9% year on year to Yuan 51.26 billion ($8.3 billion) during the first five months of this year, mainly due to sagging coal prices, data from the National Bureau of ...
Tags: Coal Mining, Washing Industry
A slowdown in the growth rate for tablet and mobile phone sales and economic uncertainty in emerging markets are putting a damper on global IT spending, according to IDC. Worldwide IT spending will increase 4.1 percent in constant ...
Tags: Tablet, Mobile Phone, Computer Products
Beijing bureaucrats are all exhausted just by chasing a sputtering economy and trying to keep it moving. Some fine-tuning here, a bit of state spending there – all with the aim of meeting a GDP growth target. But if they want to stop ...
Tags: Economy Reform, China Economy
The amount of freight carried by the for-hire transportation industry rose 1.6 percent in March from February, rising for the second consecutive month, according to the US Department of Transportation’s Bureau of Transportation ...
If you're not ready for a higher cattle market for a while, you better settle in and get ready for it, because it's going to continue for "multiple years" into the future, one expert says. Record beef prices at the consumer meat case ...
Tags: Beef Herd, cattle market
GIA announced the release of a comprehensive global report on Defoamers markets. Global market for Defoamers is forecast to reach $3.9 billion by 2020, driven by resurgence in demand from end-use markets, and stringent environmental ...
Tags: Global Market, Defoamers
The global economy will strengthen over the coming two years, but urgent action is still required to further reduce unemployment and address other legacies from the crisis, according to the OECD's latest Economic Outlook. According to the ...
Tags: global economy, unemployment
Moody's has changed its outlook for the global shipping industry to stable from negative on April 30. This outlook reflects Moody's expectations for the fundamental business conditions in the industry over the next 12 to 18 months. ...
Tags: Shipping, Global Shipping
Speaking at SteelHome's 10th Steel Development Strategy Conference held in Shanghai over the weekend, Wu Wenzheng from SteelHome indicated that the overcapacity problem in China cannot be resolved in the short term, adding that many steel ...
Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...
Tags: Iron Ore, iron ore demand
China's crude oil imports in March edged up 0.9% year on year to 23.25 million mt or an average 5.5 million b/d, according to preliminary data released Thursday by the General Administration of Customs. The imports were down 8.8% from ...