[Industry news] Turkish rebar price expected to decrease as importing resumes in Egypt2013-11-25
2013-11-25
Traders and importers are expecting a decline in prices of steel reinforcement-bar and stability in the market within two weeks, as Turkish steel import will resume after Trade and Industry Ministry decided renewing anti dumping duties on steel imports.
[Industry news] Steel scrap levels remain buoyant on heavy Turkish buying2013-11-19
2013-11-19
Turkish mills have been on the rampage booking nearly 1 million mt scrap about a fortnight ago. Low inventory and worry of severe weather conditions culminating in supply shortage from Russia Romania has fired scrap buying.
[Industry news] China eliminating steel capacity to boost fundamentals2013-11-18
2013-11-18
The Chinese State Council in mid October instructed local governments to stop approving new production facilities, suspend the construction of unauthorized projects and order the closure of inefficient capacity in the steel industry.
[Industry news] Indian steel companies push to tap demand in rural markets2013-11-14
2013-11-14
At present the per capita consumption of steel in rural India stands at 10 kg much lower than 60 kg in urban areas. In rural India, steel demand is the strongest from the housing sector where TMT rebars find wide application.
[Industry news] US and European mills mull hike in flat prices soaked in diffidence2013-11-12
2013-11-12
Riding a self-inflated crest EU and US mills are mulling hike of USD 40-50 per tonne shortly. US and European economies have not shown perceptible change in fundamentals other than occasional glimmers which soon fade out before the eye blinks.
[Industry news] BaoSteel announces Q3 result2013-11-11
2013-11-11
BaoSteel Co Ltd released the 3rd Quarter Performance Report 2013 on October 30th. The statistics in the report showed that BaoSteel Co Ltd. achieved the better overall profitability, it keeps playing a role of leader in the metal industry in China.
[Industry news] China large and medium steel mills output in 9 months2013-11-08
2013-11-07
According to statistics from China Iron and Steel Association, 86 large and medium-sized steel mills had a combined profit of CNY 11.276 billion in the first nine months of this year. They had a profit of CNY 3.266 billion in September, hitting a year to date high.
[Industry news] November ushers optimism in Chinese steel market2013-11-07
2013-11-06
Steel price levels have gradually firmed up during November emanating clear signal of improving fundamentals in the twilight of 2013. A slew of positive change in fundamentals has kindled price hike by 1% within the 1st 5 days of the November. Given the volatility in market it cannot be taken as trend within such short time span. However one cannot gloss over the factors culminating in optimism.
[Industry news] US DOC opens investigation in grain-oriented electrical steel from seven countries2013-11-05
2013-11-05
The US Department of Commerce on Thursday formally initiated the countervailing duty investigation of grain-oriented electrical steel from China and the antidumping investigations of grain-oriented electrical steel from China, the Czech Republic, Germany, Japan, Korea, Poland, and Russia.