Hunan Province-based Chinese steelmaker Hunan Valin Iron and Steel Group Co. has issued its estimated financial results for 2012, indicating a net loss in the range of RMB 3.1-3.3 billion ($494-525 million), compared to a net profit of RMB ...
Sindisider, the Brazilian steel distributors' association, and Inda, Brazil's National Institute for Distribution of Steel, have released a report together stating that Brazilian steel distribution companies sold 4.35 million mt of flat ...
Tags: Sindisider, steel, steel distribution
Russian steelmaker Severstal has announced its operational results for the fourth quarter and the full 12 months of 2012. Accordingly, Severstal's crude steel output decreased by five percent quarter on quarter to 3.584 million mt in the ...
Tags: Crude Steel, Output, Severstal
Canton, Ohio-based The Timken Company reported Thursday that sales in Q4 2012 of $1.1 billion were down 15 percent from the same period in 2011 due to lower demand in the company's light vehicle, heavy truck, mining and energy-related end ...
Tags: Timken, 2013 Sales, Q4
On January 17, Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, issued its financial results for 2012, indicating a net profit of RMB 155 million ($25 million), down ...
Tags: Bayi Steel, Nanjiang Steel, steelmaker
Chongqing-based Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., has signed a shipbuilding steel supply agreement amounting to a total of 200,000 mt for 2013 with ...
Tags: Steel inks, steelmaker, steel
Shanghai-based Chinese stainless steel producer Baosteel Stainless Steel Co., Ltd, a subsidiary of Chinese steel giant Baoshan Iron and Steel Co., Ltd (Baosteel), has announced that in 2012 its total sales of stainless steel products ...
Tags: Baosteel Stainless Steel, iron, steel, company news
Shandong Province-based Chinese steelmaker Laiwu Iron and Steel Group Co., Ltd. (Laigang Group) has announced that in November 2012 it produced 797,000 mt of crude steel, down 2.8 percent month on month. In the given month, ...
Tags: Laigang Group, steelmaker, crude steel, steel
Shandong Province-based Chinese steelmaker Shandong Taishan Iron and Steel Group Co. (Shandong Taigang) has announced that in November last year it produced 254,000 mt of crude steel, up 7.2 percent month on month. In the given month, ...
Tags: Shandong Taishan Iron and Steel Group, crude steel, crude steel market
Sindisider,the Brazilian steel distributors'association,released a report stating that Brazilian steel distribution companies sold 4.04 million tonne of flat products in the January-November period of 2012,1.9%higher compared to January to ...
Tags: Sindisider, Brazilian steel distribution companies, flat steel
The German Steel Federation predicted that the German steel industry’s steel sales volumes would slide by 4% to 42.50 million tons in 2012, due to lower demand caused by decreased investments in automobile and equipment manufacturing ...
Tags: German Steel Federation, steel sales, steel market, automobile
Business News Americas reported that Brazilian crude steel production increased 2.4% to 2.8 million tonnes in November, and slipped 1.4% to 32.1Mt in the first 11 months of the year According to a statement released by the association ...
Tags: crude steel, production, rolled products
Business Standard reported that amidst all the gloom surrounding the Indian steel sector, prices are again looking up showing signals of a better 2013. Some steelmakers have started to give out feelers to the market that steel prices ...
Tags: metals sector, India, steel, steel industry
Reuters reported that Shanghai steel futures jumped 1.6% on Monday, snapping a week-long fall, following more evidence that China's economy is on the mend, although demand for raw material iron ore is likely to stay subdued along with ...
Tags: steel bar, steel scrap price, stainless steel, steel pipe
Reuters reported that China's boycotts of Japanese cars over a territorial dispute will shave about 550,000 tonnes, or about 2%, off Japan's fourth quarter steel output. A government survey of steelmakers showed that violent protests ...
Tags: steel market, steelmaker, boycotts of Japanese products