US weekly crude steel output up 0.5%

Tue, 07 Feb 2012 03:57:00 GMT
US weekly crude steel production rose 0.5% to an estimated 1.907 million st (1.73 million mt) in the week that ended Friday, from 1.897 million st (1.72 million mt) in the last full week of January...
Tags: Steel

Stainless steelmaker Aperam forecast improved Q1 earnings after second straight loss

Tue, 07 Feb 2012 03:08:00 GMT
Stainless steelmaker Aperam forecast improved first-quarter earnings, helped by a market rebound and its own cost-savings drive, when reporting a second consecutive quarterly net loss at the end of...
Tags: Chrome OreNickel OreSteel

Worldwide stainless steel output to see continued growth

Tue, 07 Feb 2012 02:53:00 GMT
The global stainless steel industry will continue to grow as it has in previous years, Pascal Payet-Gaspard, secretary general of the International Stainless Steel Forum said Monday. In 2012 we are...
Tags: Chrome OreNickel OreSteel

POSCO Q4 profit under expected, but outperformed Asian peer

Mon, 06 Feb 2012 02:00:00 GMT
Korea's POSCO, the world's third-biggest steelmaker, reported a smaller-than-expected 33 percent gain in quarterly profit on Friday, but outperformed its Asian peers in a sector buffeted by the eur...
Tags: Steel

Tata Steel Minerals Canada's agreement for rail transportation of iron ore

Mon, 06 Feb 2012 01:48:00 GMT
Tata Steel Minerals Canada, the 80 per cent subsidiary of Tata Steel in Canada, has entered into a “life of mine” rail transportation contract with Quebec North Shore and Labrador Railw...
Tags: SteelIron Ore

Japanese steel consumption is estimated to increase by 2% in FY 2011

Mon, 06 Feb 2012 01:37:00 GMT
Japanese steel consumption is estimated to increase by 2% or 1.3 million tonnes to approximately 61.6 million tonnes in fiscal 2011 ending in March 2012 from 2010. Steel consumption decreased by 5%...
Tags: Steel

European steelmakers face tough year end

Mon, 06 Feb 2012 01:33:00 GMT
European steelmakers are expected to post lower earnings for the last quarter of the year compared to the same quarter a year earlier after rising global steel consumption in the first half of 2011...
Tags: Steel

EU steel demand to slightly down in 2012; 2013 up again

Mon, 06 Feb 2012 01:26:00 GMT
European Union steel demand is forecast to ebb in 2012 but then pick up in 2013, buoyed by resilient end-customer demand despite recession concerns, the European steelmakers' federation, or Eurofer...
Tags: Steel

EU average stainless steel transaction values increased for all grades in January 2012

Mon, 06 Feb 2012 01:26:00 GMT
As previously predicted by MEPS, EU average stainless steel transaction values increased for all grades in January 2012. These advances were mainly due to increases in basis numbers. Most of the gr...
Tags: Chrome OreNickel OreSteel

Global Steel output to reach 1,500 million T in 2012

Mon, 06 Feb 2012 01:17:00 GMT
In Spring 2012, steel market will start to recover firmly as the global economy grows, the steel industry should continue on its improvement trend. And Albanian Minerals expect global steel demand ...
Tags: Steel