Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has been awarded a project management and consultancy (PMC) services contract by the Nghi Son Refinery and Petrochemical Limited Liability ...
Tags: Petrochemical Plant, Foster Bags
Korean steel giant Posco has inaugurated its No.4 stainless steel plant in Pohang on this Monday. The new stainless plant with designed capacity of 700,000 tons per year will mainly produce ferritic stainless steel. It’s ...
Tags: Posco, Stainless Plant
Mexico’s apparent domestic consumption of liquid steel amounted to 9.12 million tons in the first five months of this year, decreasing by 8.8% year on year, according to data released by the National Chamber of Iron and Steel Industry ...
Tags: domestic consumption, liquid steel
It’s reported that Japan’s Kobe Steel released its financial result for the first quarter ended on June 30th of fiscal year 2013/14. Kobe Steel posted a net profit of ¥18.72 billion for the given period of time, in ...
Tags: Kobe Steel, Mineral
Asian styrene monomer prices rose $8/mt from Wednesday's assessment, with Thursday morning pegs assessed at $1,808.50/mt FOB Korea and $1,837.50/mt CFR China amid market talk that Saudi Petrochemical Co, or Sadaf, has shut its 580,000 ...
Tags: Asian styrene monomer, Chemicals
Mullen Group’s second quarter net income rose 13% to $20.9 million this year, once adjusted for any unrealized foreign exchange gains and losses and the change in fair value of investments. Mullen’s Q2 revenue was $310.3 ...
Tags: Mullen Group, Capital Spending
Reportedly, the stainless steel prices have dipped to 4-year low at end of June, caused by falling nickel prices. It’s learned that Taigang Stainless, the largest stainless producer in China has cut its ex-work prices of 304 ...
Tags: Stainless Steel, Mineral
It’s reported that China’s major stainless producers Baosteel Stainless announced to remain its domestic prices for austenitic stainless steel coils unchanged for August due to more positive market outlook. After ...
Alacero, the Latin American steel association, reported Monday that apparent finished steel use was 28 million tons between January-May 2013, similar to the same period in 2012. Finished steel production reached 23 million tons, 1 percent ...
China's Ministry of Commerce (MOC) has announced that during last week (July 15-21) the average steel price in China rose by 0.3 percent compared to the previous week. In particular, in the given week prices in China of 145 mm x 20 mm hot ...
Tags: Average Steel, Slight Rise
Russian steelmaker Severstal has announced its operational results for the second quarter of the current year. Accordingly, Severstal's crude steel output increased by five percent quarter on quarter to 4.031 million mt in the second ...
Tags: Crude Steel Output, Mineral
Beijing-based Chinese steelmaker Shougang Co. has announced that in the first half of this year its Xinjiang-based subsidiary Yili Iron and Steel Co. achieved a sales revenue of RMB 730 million ($118 million), up 28.8 percent year on year. ...
Tags: Yili Steel, Mineral
Japan’s Tokyo Steel announced that its net profits totaled ¥865 million during April through June, 2013, in comparison of net loss of ¥6.014 billion in the same period of a year ago. The net profit was contributed by ...
Tags: Tokyo Steel, Mineral
OPEC would need to cut production sometime in the second half of 2013 or early 2014 to stave off "a large drop in prices," Kuwait's leading bank said in a report over the weekend. In its latest economic bulletin, released late Sunday, the ...
Tags: Crude Output, Kuwait Bank
US Senate Commerce Committee Chairman Jay Rockefeller has asked the General Accountability Office to examine the impact of shale oil and gas development on pipelines, rail and other transportation infrastructure and safety, in light of the ...