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The US Economic Recovery Supports Domestic Primary Industry Activity with Modest Metals

Feb 25, 2013

According to the Metal Industry Indicators report released by the US Geological Survey (USGS), the US economic recovery has supported domestic primary metals industry activity with modest metals demand from the manufacturing and ...

Tags: metals, Metal Industry, steel

65 Key Steel Mills Reverse The Deficit of 721 Million Yuan Seen in September

Dec 14, 2012

According to Hebei Metallurgy Industry Association, the profit of 65 key steel mills aggregated CNY 1.358 billion reversing the deficit of 721 million yuan seen in September, owing to warming steel market. Data show that the total profit ...

Tags: buy steel pipe, steel scrap price, iron ore price news, steel wire

Shanghai Steel Futures Jumped 1.6% on Monday,Snapping a Week Long Fall

Dec 14, 2012

Reuters reported that shanghai steel futures jumped 1.6% on Monday, snapping a week long fall, following more evidence that China's economy is on the mend The most briskly traded rebar contract for May delivery on the Shanghai Futures ...

Tags: steel scrap price, stainless steel, buy steel pipe, iron ore price news

Shanghai Steel Futures Jumped 1.6% on Monday,Snapping a Week-Long Fall

Dec 14, 2012

Reuters reported that Shanghai steel futures jumped 1.6% on Monday, snapping a week-long fall, following more evidence that China's economy is on the mend, although demand for raw material iron ore is likely to stay subdued along with ...

Tags: steel bar, steel scrap price, stainless steel, steel pipe

Inevitable Came to The Fore with The Iron Ore Price Losing 1%

Dec 14, 2012

The inevitable came to the fore with the iron ore price losing 1%. Over a week long silence was broken on expected lines. Mills withdrew from buying remaining contended with need based buying from stocks. Tenders continued at lower levels ...

Tags: iron ore price news, steel scrap price, stainless steel

China Steel Price Lost 0.2% in The Week Ending December 2,2012 Versus The Previous Week

Dec 14, 2012

According to Ministry of Commerce, China steel price lost 0.2% in the week ending December 2, 2012 versus the previous week. Among them, 10mm medium plate, 8# channel, 6.5mm high speed wire rod declined by 0.4 percent, 0.3 percent and 0.3 ...

Tags: structural steel, steel scrap price, buy steel pipe, steel plate

JSW Steel Ltd Is Facing Its First Annual Drop in Output in at Least 10 Years

Dec 14, 2012

Two people familiar with the matter said that JSW Steel Ltd is facing its first annual drop in output in at least 10 years because of a shortage of iron ore at its biggest mill. The people said that production at the Vijayanagar plant in ...

Tags: iron ore price news, steel scrap price, steel supplies

Indian Long Product Price Index ILPPI Went Down by 5 Points on December 5th 2012

Dec 14, 2012

The Indian Long Product Price Index ILPPI went down by 5 points on December 5th 2012, whereas India Flat Product Price Index IFPPI remained stable. The overall Indian Steel Price Index INDSPI declined by 3 points. ILPPI – Long ...

Tags: structural steel, steel scrap price, buy steel pipe, steel beam

Brazilian Iron Ore Exports Totaled USD 2.64 Billion in November

Dec 13, 2012

According to foreign trade department Secex, Brazilian iron ore exports totaled USD 2.64 billion in November, with daily average shipment figures down 28.2% YoY. The country exported 32.6 million tonne of iron ore in November from 32.7 ...

Tags: iron ore price news, steel scrap price, scrap metal, iron ore

China Steel Corporation Held The Domestic Pricing Meeting

Dec 13, 2012

China Steel Corporation held the domestic pricing meeting for 2013 January and February shipments and announced the following statement: European Central Bank tries to ease the impact of European sovereign debt crisis by implementing ...

Tags: iron ore price news, steel scrap price, steel plate, steel wire

Turkey Exported Rebar in October Rising by 6.7% From a Month Ago

Dec 13, 2012

According to the statistics released by the Turkish Statistical Institute, Turkey exported 714,035 tonnes of rebar in October rising by 6.7% from a month ago and increasing by 11.6% YoY. The country's export revenues generated by rebar ...

Tags: iron ore price news, steel scrap price, steel pipes, rebar

Iron Ore Inventory Amounted to 80.66 Million Tonne Down 1.97 Million Tonne Wow

Dec 13, 2012

According to China's National Bureau of Statistics, as of November 30th, total iron ore inventory at 30 major Chinese ports amounted to 80.66 million tonne down 1.97 million tonne WoW, constituting the 15 consecutive WoW decline. The total ...

Tags: iron ore price news, steel scrap price, buy steel pipe, iron

Sluggish Have Completed Their Iron Ore Purchases for This Year

Dec 13, 2012

According to the CBMX data, China's iron ore spot transaction platform run by the China Beijing International Mining Exchange recorded 11 offers of a total of 650,000 million tonne of iron, with the conclusion of one deal. No deal had been ...

Tags: iron ore price news, steel scrap price, buy steel pipe, metal steel

Flat Products Market Experienced a Downward Trend Last Week

Dec 13, 2012

Flat products market experienced a downward trend last week. 2 mm thickness was priced at IRR 17,200,000 per tonne by start of the week and finished it at IRR 17,100,000 per tonne. Mobarakeh Steel and Oxin Steel mills experienced IRR ...

Tags: steel scrap price, buy steel pipe, iron ore price news, steel thickness

Iran Posted Increases in Its Oil Output in November

Dec 13, 2012

According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...

Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel

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