Research and Markets has announced the addition of the “China’s Steel Industry Research Report 2007-2008″ report to their offering.
In 2007, China’s crude steel production was 487 million tons, up 15.63 percent year on year. The global crude steel production was 1.316 billion tons, up 8.2%. In terms of the rapid growth of Chinese steel production, [...]
Williams Industries, Inc. (Other OTC:WMSI.PK) today announced results for the third quarter of Fiscal 2008, which ended April 30, 2008. The company had revenue of $9,491,000 and a loss of $465,000 or $0.13 per share, compared to the 2007 third quarter revenue of $11,474,000 and a loss of $660,000 or $0.18 per share. For the [...]
A recent surge in steel prices continued Wednesday with ArcelorMittal saying it will increase prices by $250 a ton on some steel shipments — a move that will benefit steel companies such as U.S. Steel Corp., analysts said.
Strong global demand has increased prices for hot-rolled coiled steel from $529 a ton in October to $845 [...]
South Korean steelmaker POSCO said on Monday it has agreed to a sharp rise in coal prices with an Australian miner for fiscal year 2008.
POSCO, the world’s fourth-largest steelmaker, had agreed on a 205 percent to 210 percent hike in coking coal prices with the Australian supplier from April 1, a company spokeswoman said.
Earlier in [...]
The union government on Thursday decided to call a meeting of country’s iron ore producers next week to discuss problems faced by the sector.
Speaking to reporters here, Commerce Secretary G.K. Pillai said: “We have called a meeting of the iron ore producers on 1st April. We will persuade them to reduce prices and any hike [...]
Against a backdrop of rising iron ore prices, Brazilian steel producers should maintain high profit margins relative to their global peers during 2008, according to Fitch Ratings. Brazilian steel companies enjoy important competitive advantages, including modern production facilities, close proximity to sources of iron ore and a highly concentrated domestic market, which limits competition based [...]
CHINA continues to chip away at the Australian iron ore duopoly, with two Chinese steel producers signing separate offtake contracts with the BHP Billiton offshoot and steel manufacturer, OneSteel.
Taking advantage of high steel prices and a reconfigured mill at Whyalla, OneSteel has signed 10-year hematite supply deals with Shanzi Haixin Iron & Steel Group for [...]
Posco, the world’s fourth-largest steel maker, will raise output of a nickel-free stainless steel fivefold next year as the price of nickel has hit a record.
Posco plans to sell 10,000 tonnes a month of the steel, which it introduced this month, from 2,000 this year, the Pohang-based firm said yesterday. The steel, which uses chromium [...]
Irked by the hike in export duties, China’s second largest iron ore importer Sinosteel Corporation has halted imports from India.
The company made the announcement a week after India imposed a levy of Rs 300 ($7) per tonne of iron ore exported from March 1.
Management of the company were unavailable for comments.
India’s move to hike duties [...]
BRUSSELS - Arcelor Mittal, the company formed last year in the largest- ever takeover in the steel industry, said Wednesday that 2006 profit fell 3.5 percent because of higher taxes and it announced plans to hand $2.4 billion to shareholders.
Net income fell to $7.97 billion from $8.26 billion, based on figures calculated as if the [...]
