Southern steel mills release February steel pig purchase policy

Fri, 03 Feb 2012 03:43:00 GMT
It is learned that most steel mills in the South have released their steel pig purchase policy for February, that is, some steel mills momentarily halt the procurement, and some change their paymen...
Tags: SteelIron OrePig Iron

Stainless steel inventories in Foshan and Wuxi

Fri, 03 Feb 2012 03:35:00 GMT
Up to Jan 15, 2012, stainless steel inventories in Foshan market totaled 160,100 tonnes, rising by 100 tonnes from the month earlier. Of the total, 56,500 tonnes are CR products and 103,600 tonnes ...
Tags: Chrome OreNickel OreSteel

Chinese stainless steel output increases by 11.1% in 2011, but could be 20% higher

Fri, 03 Feb 2012 02:34:00 GMT
Official figures for global crude stainless steel production in 2011 are estimated to have reached another all-time high total of 32.05 million tonnes, 3.1 percent above the previous record, set on...
Tags: Chrome OreNickel OreSteel

Investments in steel industry in Vietnam slowing down

Thu, 02 Feb 2012 03:21:00 GMT
Six steel manufacturers got bankrupted in 2011 Dau tu chung khoan has quoted Pham Chi Cuong, Chair of the Vietnam Steel Association (VSA) as saying that 5-6 steel enterprises got bankrupted in 2011...
Tags: Steel

Worldwide steel demand grows slower with Europe in setback to ArcelorMittal

Thu, 02 Feb 2012 03:19:00 GMT
Steel demand worldwide is growing slower than forecast, eroding profit at producers including ArcelorMittal and Tata Steel Ltd. (TATA) and forcing investors to revise their 2012 outlook for the $43...
Tags: Steel

Steel imports in the Unitied States down 10% in November

Thu, 02 Feb 2012 03:17:00 GMT
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,107,000 net tons (NT) of steel in November (down 10 perce...
Tags: Steel

U.S. Steel: Tough year but sunny forecast

Thu, 02 Feb 2012 03:15:00 GMT
Shares of U.S. Steel jumped 5 percent Tuesday after the Pittsburgh steelmaker forecast first quarter results significantly better than the $226 million loss it recorded for the fourth quarter. Chai...
Tags: Steel

Taiwan stainless steel demands expected to grow

Wed, 01 Feb 2012 03:03:00 GMT
It is reported that stainless steel plants in Taiwan expected the orders to increase. In face of growing nickel prices, the demands for stainless steel might go larger if steel mills raise stainles...
Tags: Chrome OreNickel OreSteel

Russia Severstal crude steel output down 9.6% to 3.76 million tons in 4Q

Wed, 01 Feb 2012 02:58:00 GMT
Russia's largest steel producer OAO Severstal (CHMF.RS) said Tuesday its fourth-quarter crude steel production fell 9.6%, while the full-year output was up 3.9%. MAIN FACTS: - Total 4Q crude steel ...
Tags: Steel

China's crude steel output stands ahead of global steel industry

Wed, 01 Feb 2012 02:57:00 GMT
China crude steel production was around 45.5% of global output in 2011. It stands in front of the line to take most important position for global steel industry. Recently, the data from Internation...
Tags: Steel