Reportedly, the three major steelmakers in Korea planned to raise the ex-work prices of hot rolled steel products for February due to higher input costs and weak sales. Industry sources said that the scrap prices have jumped substantially ...
Tags: steelmakers, hot rolled steel products, hot rolled steel
According to a report released by the German Federal Statistical Office (Destatis), in 2012 the average import price of iron ore decreased by 22.6 percent year on year in Germany. Destatis noted that the development of prices of metal ores ...
Tags: German, Iron Ore Import, Mineral
Australian iron ore miner Atlas Iron has announced it shipped a record 1.74 million wet metric tons of iron ore in the quarter ended on December 31, up 25.9 percent compared to the same quarter of 2011. Atlas stated that iron ore prices ...
Tags: iron ore, iron ore miner, iron ore prices
Australia's third-biggest iron ore producer Fortescue Metals Group Ltd (Fortescue) has announced its operating results for the fourth quarter of 2012. Fortescue said in its statement that its total iron ore shipments during the December ...
Tags: iron ore shipments, iron ore, Metals Group
The Australian dollar fell as a slower-than-expected rise in consumer prices in the fourth quarter stoked the case for another interest rate cut. Consumer prices rose 2.2 per cent in the fourth quarter from a year earlier and 0.2 per cent ...
The sharemarket rose yesterday, led by BHP Billiton after its first-half production report broadly met expectations. Australia's big four banks climbed on speculation that interest rates may drop further. The benchmark S&P/ASX 200 ...
Tags: sharemarket, BHP, banks
It's reported that China Steel Corp (CSC) in Taiwan announced that it would raise prices by an average of 3.08% on domestic products for March delivery, marking the company's highest price increase in more than a year. The main factors ...
Tags: China Steel Corp, Taiwan, steel market
The sharemarket rose yesterday after US housing data suggested economic growth in the world's biggest economy was likely to continue, and above-consensus GDP data from China showed that an economic recovery in Australia's biggest trading ...
Tags: stocks, sharemarket, economic
The Australian sharemarket rose after US housing data suggested economic growth in the world's biggest economy was likely to continue, and above-consensus GDP data from China showed that an economic recovery in Australia's biggest trading ...
Tags: Shares, economic growth, sharemarket
During the panel discussion at the SteelOrbis Market Talks Meeting held in Izmir this week, Serdar Kilimci, sales manager of Turkish steel producer Colakoglu Metalurji, discussed the possible reasons for the increase in Turkish flat steel ...
Tags: flat steel prices, flat steel, steelmaker
The Australian sharemarket rose to a 20-month high today as investors continued to buy banks, consumer staples, property trusts, healthcare and energy companies, while remaining hesitant on iron ore producers after spot iron ore prices ...
Tags: Stocks, Australian sharemarket, sharemarket
It's reported that Korean Hyundai Steel mulls to raise its export prices for hot rolled coils (HRC) by US$40~US$50/ton for February and March. It's analyzed that the price rise was supported by the firm steel prices international market and ...
Tags: Hyundai Steel, Steel
The Australian sharemarket limped to a flat close after a dovish speech from Federal Reserve chairman Ben Bernanke and a strong production report from Rio Tinto failed to dissuade investors from taking profits following strong gains in ...
Tags: Australian sharemarket, Rio Tinto, economy
The Australian dollar was little changed yesterday in Asian trading, in a muted response to remarks from US Federal Reserve chairman Ben Bernanke that the world's largest economy still had quite a way to go towards recovery, despite recent ...
Australian shares rose slightly yesterday as global equity markets remained supported by tentative signs of improvement in China's economy. Fund managers tipped continued yield-based demand for Australian equities in particular, although ...
Tags: China, shares, global equity markets, economy