According to data released by the National Bureau of Statistics (NBS), China’s daily output of welded steel pipes averaged at 136,516 tons in July, decreasing by 9% from a month ago but rising slightly by 0.5% year on year. In July, China’s welded steel pipe output totaled 4.23 million tons, lower than 4.51 million tons.. read more →
According to statistics released by the National Bureau of Statistics (NBS), China’s seamless steel pipe output totaled 2.846 million tons in June, reaching the highest monthly level of 2014 while down by 0.5% in comparison of the record high of 2.853 million tons in June, 2013. In June, the country’s daily output of seamless steel.. read more →
MUMBAI: HEG is probably at an inflection point. The manufacturer of graphite electrodes, a material used in electric arc steel furnaces, is set to benefit from a gradual turnaround in global steel demand. Increasing popularity of electric arc furnaces where the electrodes are used also augurs well for the company. At present, 30% of steel.. read more →
THE WALL STREET JOURNAL,PITTSBURGH– U.S. Steel Corp. said it would temporarily close plants in Texas and Pennsylvania and blamed illegally-priced imports, raising the volume on trade disputes with China and South Korea. The steelmaker said Monday it would indefinitely idle plants in Bellville, Texas, and McKeesport, Pa., that make steel pipe and tube for the.. read more →
Bloomberg – Baoshan Steel Co., China’s biggest publicly-traded steelmaker, said profit fell 7% in the first quarter after steel prices dropped. Net income declined to 1.51 billion yuan ($241 million), from 1.63 billion yuan a year earlier, the company said yesterday in a statement to the Shanghai Stock Exchange. Sales rose to 46.7 billion yuan from.. read more →
SteelGuru- China’s steel market is agog with anticipation of frenzied stimulus package with the economic indicators dipping. China’s economy grew at 7.4% for January-March, down from 7.7% in the fourth quarter of 2013. Despite the new regime warding off mounting pressure for booster package ultimately it is expected they will yield to growth compulsions. It is.. read more →
By Bloomberg News Apr 11, 2014 8:52 AM GMT+0800 China’s slowing economy and tougher government anti-pollution efforts are taking a toll on its steel mills, rattling the world’s biggest producer of the alloy and flashing worries of a potential downturn in the globaliron-ore trade. The result is 2 percent of steel-making capacity will be eliminated this year, according to.. read more →
China steel companies non steel business profit According to a market research report for March released by the China Iron and Steel Association, prices for such steel products as HRB400 rebar, hot rolled coil, medium plate and H section suffered slumps from 2013 till now and price falls for several consecutive months were noted. Chinese.. read more →
(Taipeitimes)-China Steel Corporation maintained steel prices from a month ago for June shipments citing uncertainties in China. Mr Liu Jih gang VP for sales said that “Steel prices in China have been creeping down since the end of the Lunar New Year holiday, indicating a lower than expected market sentiment for this quarter. The Q2.. read more →
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