[Industry news] Steel Stokes More EU-China Problems .2013-06-08
2013-06-08
Steel is entering the souls of both the European Union and China, judging by trade disputes over solar panels and wine. But it's the steel industry itself where the problems caused by China's state capitalist economic model are harming European companies.
[Industry news] Drawn to your specifications at Fort Wayne Metals.2013-05-29
2013-05-26
PTI reported that state run SAIL will add over 6 million tonne per annum steel making capacity in the current fiscal to take the total to 19.5 million tonne per annum as part of its ongoing INR 61,870 crore CAPEX program.
MR CS Verma chairman of SAIL told PTI that "Major portion of the ongoing expansion will be completed by the end of this fiscal. Expansions at Durgapur, Rourkela and Burnpur will be completed this fiscal taking our capacity to 19.5 million tonne per annum.”
[Industry news] EU Anti-Dumping Tax Slams Brakes on Indian Steel Wire Exports2013-06-06
2013-05-24
The European Union (EU)’s decision to impose provisional duties on India’s exports of stainless steel wire to counter dumping has sent the US $1.4 billion industry scurrying for an adequate response.
[Industry news] China’s steel mills braced for slowdown2012-11-19
2012-11-16
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Chinese steel traders are short on good news these days. Prices for steel are falling, demand is poor, loans are hard to come by, and no relief is in sight.
“There is just no demand,” says one trader in the town of Tangshan. “It’s much worse than [the last downturn] in 2008. In 2008 at least you had buyers talking to you. Not any more.”
[Industry news] TATA Steel Europe - Quarterly update2013-08-15
2012-08-15
The European operations maintained the improvement in underlying performance on the back of upgrades at key production facilities at Port Talbot and IJmuiden in Q4 which helped strengthen the operating platform.
[Industry news] Real estate won’t be supporting Chinese steel demand much longer2012-06-15
2012-06-06
Something is up with China’s steel production. It reached record levels in March, driving up expectations of rising coking coal and iron ore prices. As the FT and Reuters have reported, there are accounts of both thermal coal and iron ore shipments being deferred or even defaulted on, and prices of both commodities have fallen 12 per cent since the beginning of April. To an extent, China’s steel production growth has also slowed: April’s production only increased 1.9 per cent compared to a year earlier, versus March’s rate of 2.5 per cent compared to a year previous.
[Industry news] What flat China steel growth means for iron ore2012-06-15
2012-06-02
Having just looked at the prospect of a flat (at best) steel consumption growth rate from China, the next question for many will be: what does this mean for iron ore? Because pretty much all of the projected increase in iron ore demand is expected to come from China:
[Industry news] Nanjing hengjie steel industrial Co., LTD2012-05-29
2012-05-29
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