China's iron ore import prices are likely to come under pressure in March, as the expected increase in domestic steel output is unlikely to offset the impact of persistent iron ore oversupply in China, the China Iron & Steel Association ...
Tags: Iron Ore, Steel Demand
Turkish rebar producer Izmir Demir elik Sanayi A. (IDC) has announced its financial results for 2013, stating that the challenges regarding the supply and demand balance continued in the last quarter of 2013 due to overcapacity. IDC pointed ...
Tags: rebar producer, Mineral
Xinchuang Li, deputy secretary general of the China Iron and Steel Association (CISA), has stated that the issue of overcapacity in China's steel industry has become very serious, while adding that slow economic growth and economic ...
Tags: Steel Industry, Overcapacity
The government of China's Xinjiang autonomous region has stated that it is committed to eliminating 2.4 million mt of backward steel capacity within two years and will not approve new projects in the steel industry, according to its program ...
Tags: resolving severe overcapacity, Xinjiang, Metallurgy, Mineral&Energy
Brazil-based steel producer Gerdau SA has reported its financial results for the fourth quarter and the full year of 2013. In the fourth quarter, the net profit of the company was R$492 million ($208.9 million), rising from R$143 million ...
Tags: steel producer, Mineral
China's Ministry of Industry and Information Technology (MIIT) has stated that the industrial value-added output of large-scale Chinese enterprises in 2014 is expected to increase by 9.5 percent year on year, slightly lower than the growth ...
Tags: Value-Added Output, Mineral
Finland-based steelmaker Ruukki has issued its financial results for the fourth quarter and the full year of 2013, reporting an operating profit of €8 million in the fourth quarter, compared to an operating loss of €34 million in ...
Tags: steelmaker, Ruukki
Government incentives help focus efforts on power plant development Chinese solar panel makers are looking to invest in solar power farms to boost earnings after a drop in panel prices due to oversupply. Hit hard by trade disputes as ...
Tags: Solar Panel, Energy
The price spread between Asian paraxylene and isomer-grade mixed xylenes on an FOB Korea basis narrowed $2/mt from Tuesday to a more than three-year low of $154.50/mt Wednesday, with MX staying relatively supported while PX and downstream ...
Steel Dynamics, Inc. announced Tuesday fourth quarter net income of $55 million, or $0.24 per diluted share, on net sales of $1.9 billion. By comparison, prior year fourth quarter net income was $61 million, or $0.27 per diluted share, on ...
According to the Economic and Steel Market Outlook 2014-2015/Q1 2014 Report from the Economic Committee of the European Steel Association (EUROFER), EU steel tube output fell 6.8 percent year on year in the third quarter of 2013. EU steel ...
Tags: steel tube output, transport costs
China is mulling an early warning system for industrial information to report possible overcapacity, in a bid to tackle the aftermath of overheated economy. The top economic planning body, the National Development and Reform Commission, ...
The situation, mixed with the entry of several new players at the chip and device levels (mostly from Asia), created a climate of overcapacity, price pressure, and strong competition. As a consequence, packaged LED volumes were sharply ...
Tags: LED Lighting, LED
Though Chinese shipbuilding has yet to come in from the cold, recent restructuring, cuts in overcapacity and upgrades have given the troubled industry more hope, a report showed. The industry received in 2013 new orders with dead weight ...
China's industries beset by overcapacity have entered a more favorable demand-supply balance, Deutsche Bank said on Tuesday. The bank estimated the cement industry would reduce its added capacity in 2014 by 35 percent while the steel ...