Chinese steel exporters using loopholes in Vietnam2013-08-06
2013-08-06
VietNamNet Bridge reported that Vietnamese steel makers continue to face difficulties in production and business because of fierce competition with Chinese steel products and over supply.
Steel is produced at Siam Steel Vietnam Company. Domestic steelmakers are facing many challenges due to fierce competition from Chinese rivals.
[Industry news] China official plans to boost domestic production2013-08-02
2013-08-02
The two latest projects are in line with China’s official plans to boost domestic production of high-end equipment and the market demand for high quality engineering steel for automotive, engineering, mining, and mechanical manufacturing applications.
[Industry news] Nightmare revives in Chinese steel market2013-08-01
2013-07-31
Just when the market seemed getting back on track with stable gains over the past 8 weeks misery struck yet again. Steel prices declined for the 2nd day on the trot with 1% loss in rebar.
Sudden retraction has caught pundits unawares with immediate reasons difficult to find. Nonetheless the abundance of negating factors is not farfetched.
[Industry news] POSCO sees Odisha investment as a burden on weak steel market conditions2013-07-29
2013-07-28
Reuters reported that investors in South Korean steel bellwether POSCO are starting to go sour on the long-delayed USD 12 billion Odisha project that was once hailed as a profit driver.
A POSCO executive told Reuters that "The steel market is not in good shape, and we share investors' concerns about the overall market conditions.”
[Industry news] Japan’s exports of stainless flat slide by 8.2% in Jan-May2013-07-24
2013-07-22
According to data released by Japan’s Ministry of Finance, Japan’s exports of stainless steel flat products totaled 60,891 tons in May, falling by 4.2% from a month ago and decreasing by 3.5% year on year.
[Industry news] Chinese steel market surges in July irrespective of skepticism2013-07-10
2013-07-10
July has been watershed in recently with steel price steadily improving despite no major change in economic and financial policy. Believed to be fallout of gradual pick up in buying after the worst of summer is over and construction activity picks up.
[Industry news] Steelmaking raw materials prices. Get a free trial now!2013-07-08
2013-07-09
Alacero, the Latin American steel association, said that Latin America represented 10% of global exports of manufactured steel from China between January to May 2013, reaching 1.2 million tonne, 4% more than in the same period of 2012.
[Industry news] ThyssenKrupp mulls selling part of European steel business2013-07-02
2013-07-02
Reuters reported that ThyssenKrupp, Germany's biggest steelmaker, is examining the possibility of selling part of its European steel business to an investor.
[Industry news] China's steel industry in trouble: association2013-06-19
2013-06-19
BEIJING, Jan. 31 (Xinhua) -- China's steel industry was confronted with its greatest difficulties since the turn of the century last year, as the global economic slowdown curtailed demand, an industry association said Thursday.