Alberta-based Bri-Chem Corp. said Thursday that during Q1 2013, net earnings were $1.8 million compared to net earnings of $2.9 million for 2012, a decrease of 36.6 percent. Bri-Chem is wholesale distributor and manufacturer of oil and gas ...
Tags: Pipe Market, steel pipe
Turkey's largest steelmaking group Eregli Demir ve Celik Fabrikalari TAS (Erdemir) has announced its financial results for the first quarter of 2013. In the first quarter, the net profit of the company amounted to TRY 228.25 million ...
Tags: steelmaking, TAS, steel
OPEC ministers should consider the needs of the global oil market in a year's time, rather than just the current demand/supply balance, when they meet to review the cartel's production ceiling in two weeks, the head of the International ...
Tags: OPEC, oil market
According to data released by the Stainless Steel Council of China Special Steel Enterprise Association (CSSC), China’s crude stainless steel output totaled 4.405 million tons in the first quarter of this year, rising by 9.52% year on ...
Tags: Stainless Steel, Construction, 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
In the first four months of the current year, Ukraine registered a 2.5 percent increase in its finished steel product output to 9.280 million mt, a 0.6 percent decrease in its crude steel output to 11.058 million mt and a 0.7 percent rise ...
Tags: Ukraine, Production Results
In April this year, Ukrainian steel mill Dneprospetstal's output of crude steel decreased by 6.1 percent month on month to 25,976 mt, while its rolled metal production increased by 0.9 percent month on month to 17,460 mt, according to the ...
Tags: Crude Steel, Mineral
In the January-April period of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, totaled 2.088 million mt, up two percent year on year, as announced by the ...
Tags: crude steel, Mineral
China’s Ministry of Commerce (MOC) has announced that during last week (May 6-12) the average steel price in China decreased by 0.2 percent compared to the previous week. In particular, in the given week prices of 50 mm x 50 mm ...
Tags: Steel Price, Mineral
Mechel, one of the leading Russian mining and steel groups, has announced that its crude steel output in the first quarter of the current year decreased by 21 percent to 1.3 million mt compared to the same period of last year. In ...
Tags: Crude Steel, Mineral
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil
Dr. A Sakthivel, Chairman AEPC, on behalf of the entire Textiles Industry has complimented Shri Anand Sharma for bringing in the favorable Foreign Trade Policy and timely interventions that lead to this turn around in the exports of RMG and ...
Tags: AEPC Chairman, Trade Policy
Reportedly, Nippon Steel & Sumitomo Metal Corp. (NSSMC), the second largest steelmaker in Japan released its financial result for the fiscal year 2012/13 ended on March 31st. NSSMC posted a net loss of 124.6 billion for the fiscal year ...
The recent narrowing in the Brent premium to NYMEX crude, which fell to a 17-month low of $7.48/b on Thursday, is set to continue into the third quarter, with $5/b a possibility, before widening again early next year, Goldman Sachs analysts ...
Tags: Brent/WTI, Brent premium
Brazil's crude steel production in 2013 is expected to increase to 36.5 million tonnes, an increase of 5.8%. The apparent consumption of crude steel is expected to grow 4.2%, to 26.2 million tonnes. Marco Polo de Mello Lopes), Executive ...
Tags: Steel, steel industry