The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the full financial year 2013-14 ended March 31, posting a net profit of JPY 242.75 billion ($2.4 billion), ...
Tags: Steel, Metallurgy, Mineral
International credit rating agency Standard and Poor's (S&P) has announced that it has affirmed its 'BBB+' long-term rating for South Korean steelmaker POSCO, with the outlook remaining negative. S&P said that it expects POSCO's credit ...
Tags: POSCO, steel industry
The Singapore Exchange (SGX) will launch two coking coal swaps contracts in July settled against prices produced by The Steel Index (TSI), to capitalize on growing interest in steel raw materials derivatives, the exchange said in a ...
Tags: Coking Coal, coking coal futures
The prices of L8 and L10 steelmaking pig iron in northern China's Hebei province traded at Yuan 2,470-2,480 ($401-403)/mt on Tuesday, up from Yuan 2,420-2,470/mt on April 1, both inclusive of 17% VAT. The slight rise in prices was ...
Tags: Pig Iron, Steelmakers
As of May 6, inventory of iron ore at 33 major Chinese ports amounted to 108.95 million mt, up 640,000 mt or 0.59 percent compared to the inventory level recorded on April 28, as announced by China's Xinhua News Agency. As of the same ...
Tags: Iron Ore, Chinese Ports
According to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products, the global long steel products market is still characterized by uncertainty amid the adverse effects of ...
Tags: Long Steel Demand, steel products
China's Jiuquan Iron & Steel has cut its high carbon ferrochrome purchase price by Yuan 100/mt ($16/mt) on the month to Yuan 6,500/mt (80 cents/lb), including 17% VAT, for May deliveries, industry sources said Monday. The drop was larger ...
Tags: Jiuquan Steel, Ferrochrome
In March this year, Spanish crude steel output amounted to 1.3 million mt, up 4.1 percent year on year and increasing by 5.6 percent compared to February, according to the Spanish steelmakers association Unesid. Meanwhile, in the first ...
Tags: Steel Product, steel use
According to the Brazil Steel Institute (IABr), Brazilian crude steel production in the first quarter of the current year amounted to 8.32 million metric tons, 1.5 percent higher year on year. In the same period, Brazilian rolled steel ...
Tags: Steel Exports, steel import
As of April 28, inventory of iron ore at 33 major Chinese ports amounted to 108.31 million mt, down 100,000 mt or 0.09 percent compared to the inventory level recorded on April 21, as announced by China's Xinhua News Agency. As of the ...
Tags: Iron Ore, spot market
On April 28, the China Iron and Steel Association (CISA) announced that in mid-April (Apr. 11-20) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.749 million mt, up 0.1 ...
Tags: Metallurgy, Mineral, Energy, Steel, Crude Steel, Iron
Domestic spot prices of high carbon ferrochrome (50% basis Cr) in China were unchanged week-on-week at Yuan 6,600-6,800/mt (81-83.5 cents/lb) delivered with 17% VAT on Wednesday as the market waited for May purchase prices from the ...
On April 18, the China Iron and Steel Association (CISA) announced that in early April (Apr. 1-10) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China totaled 1.747 million mt, up ...
Tags: Crude Steel, Iron, Steel
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
In the first quarter of the current year, direct supplies of steel scrap by rail to Russian metallurgical companies and pipe plants totaled 2.14 million mt, down 2.8 percent year on year and constituting the lowest first quarter volume the ...
Tags: Steelmakers, steel scrap