According to an industry survey released by the Ministry of Economy, Trade & Industry (METI), the Japanese steelmakers planned to produce 27.58 million tons of crude steel in the second quarter of this year, rising by 4% from a quarter ago. ...
Tags: Japanese Mills, Crude Steel
It is learned that Brazil’s steelmaker Gerdau produced 4.4 million tons in the first quarter of this year which means a decrease of 11% compared to the same period last year. According to the company, the reduction reflects its ...
Tags: steelmaker, Gerdau
The European crude stainless steel output totaled around 1.4 million tons in the first two months of this year, decreasing slightly by 1% year on year, according to report of the Germany-based steel service center Damstahl. The combined ...
The all India kappas (seed cotton) arrivals have slipped down to approximately 50,000 bales per day. The demand for Yarn is very poor at the moment and yarn payments in the domestic market have been affected badly. Yarn Export demands ...
Tags: Seed Cotton, Cotton
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
In April this year, Germany's crude steel output amounted to 3.56 million metric tons, decreasing 0.9 percent compared to the same month of the previous year, and down 6.6 percent month on month, according to the information provided by the ...
Tags: Hot Rolled Steel, Mineral
India's Central Board of Excise and Customs has imposed a 2.5 percent import duty on melting scrap and stainless steel scrap, according to notification published on May 8. India has not collected any duties from scrap imports until now. ...
Tags: Scrap Imports, Mineral
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
The Asia Pacific sweet crude market is expected to stay on a downward trajectory as it faces more competition from falling West African crude prices and an oversupply of regional spot cargoes, traders said this week. Perpetually weak ...
Tags: Sweet Crude Market, Sweet Crude
Enbridge, the Calgary-based crude oil carrier, will have to "wait and see" whether it faces a replay of rival TransCanada's Keystone XL regulatory battle as it seeks US State Department approval for changes to its Alberta Clipper (Line 67) ...
Tags: Enbridge, Alberta Clipper
The average run rate at "teapot" refineries in China's Shandong province dropped to 36.5% in April from 42% in March, due to slow sales of oil products, according to data from Beijing-based energy information provider JYD Commodities Hub. ...
Tags: Apr, oil products
According to the latest ‘Bi-Monthly Stainless Steel Report May 2013' issued by Germany-based service centre Damstahl, in the first two months of the current year European stainless crude steel production amounted approximately to 1.4 ...
Tags: Damstahl, Stainless Steel Output
The Brazilian steel long producer Gerdau said that its net profits totaled BRL160 million in the first quarter of this year, growing by 12% from a quarter ago but slumping by 60% year on year. In the first quarter of this year, Gerdau ...
Tags: steel long producer, steel
The US Navy and 40 allies gathered in Bahrain Monday to begin two weeks of naval anti-mine exercises designed to keep the Persian Gulf open to oil shipping. Although the exercises, billed as the largest ever in the region, have been ...
Tags: US Navy, Allies, Persian Gulf