According to the announced report from China Association of Automobile Manufacturers that China produced 1.7805 million vehicles in May and sold 1.7615 vehicles. The sales volumes were lower than those in April. The Taiwanese steelmaker ...
Tags: Construction, Metallurgy, Mineral, Energy
Nucor, one of the major steel manufacturers in the US said that d its sales profits in the second quarter might be lower than the market analysts' forecast due to decreased steel melting sales in the given period of time. The company said ...
Tags: Construction, steel
Indian steel industry think to melt scrap steel and stainless steel scrap a 2.5% import tariff will further lower scrap steel demand, and the revenues of the import duties will be imposed to the final consumers, so they asked for cancel ...
Tags: Metallurgy, Mineral, Energy, steel
The downtrend of iron ore prices in the Chinese market is expected to continue in the third quarter this year, according to a report issued by Standard Chartered Bank on May 29. Due to earlier declines in iron ore prices than expected, ...
Chinese steel rebar futures for October delivery at Shanghai Futures Exchange (SHFE) dropped to its lowest by 2.1% to RMB 3,496/ton, a 9 month low on Monday since September 7th last year as China, the world's biggest steel consumer's ...
Tags: SHFE, steel, Construction&Decoration
Reportedly, Eurofer predicted the European steel market was no sign of recovery in 2013. According to Mr. Wolfgang Eder, ceo of Voestalpine, the president of the European steelmakers' association Eurofer, the steel demand was not a great ...
Tags: Steel Market, Steel
Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions ...
Tags: Salzgitter, Loss, Steel
Indian steel giant Tata Steel has announced that it expects to register an impairment charge of $1.6 billion for the financial year ended March 31, 2013, as a result of its review for the period in question. The company attributed the ...
Tags: Tata Steel, Mineral
The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the financial year 2012-13 ended March 31, posting a net loss of JPY 124.6 billion ($2.2 billion), ...
The world's largest steelmaker Luxembourg-based ArcelorMittal has announced that it is targeting cost cuts of $3 billion by the end of 2015. As of March this year, the company had achieved $200 million in cost improvements. According to ...
Tags: Arcelormittal, Mineral
Posco's new No.3 Finex iron making plant at its Pohang works is set to start the major test operations for its output and intends to formally commission in December as per its revised schedule. In mid-April, the company set up electric ...
Tags: PoscoFinex Plant
Duisburg, Germany-based steel and metal distribution company, Klockner & Co., has reported a net loss of €16 million for the first quarter of the current year, compared to the net loss of €12 million in the corresponding quarter ...
Tags: Ebitda Guidance, Mineral
According to the Economic and Steel Market Outlook 2013-2014/Q2 2013 Report from the Economic Committee of the European Steel Association (EUROFER), in the first quarter of 2013 European Union (EU) steel exports increased by four percent ...
Tags: EUROFER, Steel Exports
Since the beginning of 2013, Mexico's economic environment has started to change from the end of the previous year, in February 2013, the Mexican global economic index (IGAE) fell 0.96% to 0.19%. In addition, compared with the same period ...
According with the last "Steel on figures" report from Mexico's National Chamber of Iron and Steel Industry (CANACERO), at the beginning of 2013, the national economic environment has had some changes from the previous year-end, when the ...
Tags: Steel Demand, Mineral