The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
German plantmaker SMS Meer has announced that it has received an order from Turkey-based steel producer Karabük Demir Celik (Kardemir) for the supply of a special bar quality (SBQ) rolling mill for the production of surface-quenched ...
Tags: plantmaker, steel producer, SBQ Mill
On Thursday, three citations totaling $36,750 were issued to Gerdau Reinforcing Steel West in connection with the death of a company truck driver at the new San Francisco 49ers stadium in Santa Clara, California, in October 2013. The ...
Tags: Metallurgy, Mineral, Energy, Truck
Turkish mills continued to buy scrap at higher levels Monday despite the increased raw material cost, meaning margins for finished steel ebbed away. The US re-entered the market with a deal from a New Orleans source at $388/mt for 25,000 ...
Tags: Steel Scrap, Turkish mills
In February of the current year, Turkey's rebar exports amounted to 703,831 metric tons, increasing by 6.57 percent year on year and up 12.76 percent from the previous month, according to the data provided by the Turkish Statistical ...
Tags: Rebar, Metallurgy, Mineral, Energy, Construction
In March of the current year, Turkey's steel exports declined by 21.5 percent to 1.59 million mt, while the value of these exports decreased by 16.5 percent to $1.32 billion, both on year-on-year basis, according to the Turkish Steel ...
Tags: Steel, Metallurgy, Mineral
The Turkish Steel Exporters' Association (CIB) has announced that the safeguard investigations launched by Colombia in August 2013 regarding rebar, steel section and pipe imports from Turkey have been concluded in favor of Turkey. ...
Tags: steel, Metallurgy, Mineral
In the first quarter of the current year, Turkey's steel exports totaled 4.6 million mt, down 11 percent year on year, while the value of these exports decreased by 8.9 percent year on year to $3.4 billion, according to the data released by ...
Tags: Steel Exports, steel product
Commercial Metals Company announced last week financial results for its second quarter ended February 28, 2014. Net earnings attributable to CMC for the second quarter were $11.1 million, or $0.09 per diluted share, on net sales of $1.6 ...
Tags: Steel, Metallurgy, Mineral
Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Bhaskar Dutta, CEO of the Omani steel and pipe manufacturer Al Jazeera Steel, stated that rebar consumption in the GCC countries is expected to rise to 12 ...
Tags: Metallurgy, Mineral, Steel
Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Franc Cardona, the marketing and international affairs director of Spanish steel producer CELSA Group, stated that margins in the long steel product trade ...
Tags: Steel, Metallurgy, Mineral
Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Nam?k Ekinci, chairman of the Turkish Steel Exporters' Association, stated that the antidumping duty investigation launched by the US against Turkish ...
Tags: Metallurgy, Mineral, Energy, Steel
The Turkish scrap import market moved up Thursday after a flurry of sales by European merchants. With mills still requiring April shipments, a number of bookings were heard in the market. One was confirmed coming out of the UK a couple ...
Tags: Steel Scrap, Scrap Market
The ferrous scrap market in eastern China remained quiet this week, keeping in step with the rebar market's trend. Demand from steelmakers has not fully recovered as the finished steel markets have remained sluggish. Media reports that ...
The ferrous scrap market was stable in eastern China this week, in tandem with the finished steel and rebar futures markets, market participants said Friday. Most traders were bearish, expecting further price cuts in the short term. ...
Tags: Ferrous Scrap, Rebar, finished steel