On March 6, Chinese steel giant Baosteel Group stated that its Xinjiang-based subsidiary Bayi Iron and Steel Co. (Bayi Steel) actively focused on the Central Asian market amid sluggish domestic market conditions last year. In 2013, Bayi ...
Tags: Bayi Steel, Substantial Growth
China's iron ore import prices are likely to come under pressure in March, as the expected increase in domestic steel output is unlikely to offset the impact of persistent iron ore oversupply in China, the China Iron & Steel Association ...
Tags: Iron Ore, Steel Demand
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has signed an agreement for extending 161 billion dong (US$ 7.8 million) to Thien An Thinh Textile and Garment Joint Stock Company for setting up a new textile ...
Tags: Textile Plant, Textile
China plans to raise citygate prices of natural gas consumed by non-residential users later this year, the National Development and Reform Commission said in its work report issued Wednesday at the start of the annual session of the ...
Tags: Natural Gas, on-grid tariff
Several US ferrosilicon market participants believe the preliminary determination giving a 0% margin on imports of Russian ferrosilicon and a 27.27% margin for imports of Venezuelan material, announced Wednesday, could have a near-term ...
Tags: Ferrosilicon, Antidumping Finding
February steel imports are expected to hold at elevated levels seen in January, which was already a near 27% boost from December, according to Department of Commerce data that was updated Tuesday. The US had 2.9 million mt of steel ...
Tags: Steel Imports, Plate products
Stocks of gasoline in the US West Coast region fell for the second consecutive week and the fifth week in the past six, dropping 620,000 barrels to 32.052 million barrels in the week ended Friday, data released Wednesday by the US Energy ...
The U.S. trade deficit was little changed in January as imports and exports grew, the Commerce Department reported March 7. The gap between imports and exports rose 0.3% to $39.1 billion, from $39 billion in December. The trade deficit ...
Tags: Trade Deficit, Economy
Dorel Industries reported that its Recreational/Leisure Segment lost $5.4 million after mostly non-cash restructuring charges that reduced its overall earnings by about half. Dorel warned investors in early February that continued ...
Tags: Dorel Industries, Sporting Goods
Importers of minerals from conflict zones will be able to certify their goods have not financed warlords under a European scheme proposed on Wednesday, which would also help manufacturers show products are free of ‘blood ...
Tags: Mineral Imports, minerals
Russian imports of stainless steel products in January this year decreased by 7.7 percent year on year to 15,004 mt, according to Russia-based SpetsStal Association. In particular, in the first month of this year Russia's imports of long ...
Tags: Stainless Steel, Mineral
Turkey's leading steel pipe producer Borusan Mannesmann Boru has announced its financial results for 2013, posting a net profit of TRY 36.7 million ($16.6 million), down nine percent compared to the previous year. In 2013, Borusan ...
Tags: steel pipe, Mineral
The Directorate General of Safeguards, Customs and Central Excise, Government of India, has initiated safeguard investigation concerning imports of bare elastomeric filament yarn, commonly known as spandex, into India. In its notice, ...
Tags: Spandex Imports, Textile
According to a report by international credit rating agency Moody's, iron ore operations will support the profitability of vertically integrated CIS-based steelmakers, despite growing price risks on slowing demand from China and a supply ...
Tags: Steelmakers, Mineral
Alacero, the Latin American steel association, has reported that in 2013 China's finished steel exports to Latin America increased by 17 percent year on year to 5.3 million metric tons, while Latin America exported just 42,000 metric tons ...
Tags: Finished Steel, Mineral