Moody's has changed its outlook for the global shipping industry to stable from negative on April 30. This outlook reflects Moody's expectations for the fundamental business conditions in the industry over the next 12 to 18 months. ...
Tags: Shipping, Global Shipping
Taiwan's economic growth rate, on-year growth in GDP, in the first quarter of 2014 has been upward adjusted from 3.02% estimated in February 2014 to 3.04%, according to advance estimates released by the Directorate General of Budget, ...
Talk about bringing back manufacturing to the US has been on the lips of many people for some time now. But, the buzz is contagious and has traveled overseas to European shores. In an effort to keep Europe competitive, discussions about ...
Tags: Electrical, Electronics
Speaking at SteelHome's 10th Steel Development Strategy Conference held in Shanghai over the weekend, Wu Wenzheng from SteelHome indicated that the overcapacity problem in China cannot be resolved in the short term, adding that many steel ...
Steel Dynamics, Inc. announced Wednesday first quarter net income of $39 million, or $0.17 per diluted share, on net sales of $1.8 billion. By comparison, prior year first quarter net income was $48 million, or $0.21 per diluted share, on ...
Tags: Steel Dynamics, Midwest steel
China’s gross domestic product rose 7.4% year over year in the first quarter–down from 7.7% growth in the fourth quarter of last year, China’s National Bureau of Statistics said Wednesday. The increase was more than a ...
Tags: gross domestic product, economy
China's gross domestic product (GDP) indicated a year-on-year increase of 7.4 percent to RMB 12.8213 trillion ($2.1 trillion) in the first quarter of the current year, as announced by China's National Bureau of Statistics (NBS) on April 16. ...
Iron ore prices are likely to drop to $115/dry mt CFR China this year, lower than Q1's $120.68/dmt average, forcing as much as 70-80 million mt/year of high-cost Chinese supplies to shut, Standard Bank said Monday. Iron ore reference ...
Tags: Iron Ore, iron ore demand
Singapore's gross domestic product grew 5.1% on the year in the first quarter of 2014, according to preliminary estimates released Monday by the Ministry of Trade and Industry. On a quarter-on-quarter, seasonally adjusted annualized ...
According to the short range outlook of the World Steel Association (worldsteel), apparent steel consumption in China is expected to slow to three percent in 2014 amounting to 721.2 million mt, after growth of 6.1 percent in 2013 on the ...
Tags: Steel Demand, steel
China's crude oil imports in March edged up 0.9% year on year to 23.25 million mt or an average 5.5 million b/d, according to preliminary data released Thursday by the General Administration of Customs. The imports were down 8.8% from ...
European coatings companies have been hoping that this year would bring a revival in their domestic markets as the European Union economies, particularly those in the eurozone, started to show signs of recovery around mid-2013. But the ...
Tags: Construction, Decoration, Coating
International credit ratings agency Moody's has announced that it has downgraded Turkey's outlook from stable to negative, while affirming Turkey's Baa3 rating at its current level. Moody's said that the decision to change the outlook to ...
Tags: economy, Metallurgy, Mineral, Energy
The Pakistani Government’s inability to fulfill the commitment of releasing Pk Rs. 188 billion for the implementation of the Textiles Policy 2009-2014, has rendered the policy ineffective, said Textiles Secretary Rukhsana Shah during ...
Tags: Textile Policy, textile industry
Import volume at the nation’s major retail container ports is expected to increase 6.1 percent in April, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates. ...