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Publication: Steel Times International

First reported 4 hours ago - Updated 4 hours ago - 1 reports

Anyang and Shougang losses grow

Anyang Steel’s quarterly report released on in early May showed losses increased to RMB 392M ($63.12M) in the first quarter.Shougang Steel incurred a loss of RMB 160M ($25.76M) in Q1 2013, a 5.9% than the first quarter 2012.Source: China Metals e-mail ... [Published Steel Times International - 4 hours ago]

Entities: Anyang (China), Steel, Metals

First reported 4 hours ago - Updated 4 hours ago - 1 reports

US imports challenged by domestic steel

Imports have remained at modest levels for many months, as the ‘short, inventory-driven cycles’ have given way to a long cycle of lower prices, short lead times at domestic mills.Many customers have determined that with low prices and short lead times ... [Published Steel Times International - 4 hours ago]

Entities: Steel, Marketplace

First reported 4 hours ago - Updated 4 hours ago - 1 reports

US production recovers from May

In its May newsletter, the American Institute for International Steel (AIIS) observes the steel market in the USA has not shown its normal early year rebound this year.Amidst all the confusion about the direction of the economy, the steel market has remained ... [Published Steel Times International - 4 hours ago]

Entities: Steel, Natural Gas, Construction

First reported 4 hours ago - Updated 4 hours ago - 1 reports

Citibank NA

Chinese banks cut loans to steel traders

China’s banks were cutting credit loans to steel traders because bad debt had increased sharply. Analysts expected the move would add to pressure on the steel industry, along with the current weak demand.Steelmakers would have to increase stockpiles, ... [Published Steel Times International - 4 hours ago]

Entities: Steel, China, Citibank NA

First reported 4 hours ago - Updated 4 hours ago - 2 reports

Chinese output jumps despite small profits

Chinese crude steel output rose 9.1% from a year earlier in Q1 2013 to 191.89Mt, iron output expanded 7.6% to 178.23Mt, and rolled steel output jumped 12.3% in the period.The average daily crude steel output reached a record-high of 2.13Mt. “The figures ... [Published Steel Times International - 4 hours ago]

Entities: Steel, Zhu Jimin, Iron, China, Shanghai Baosteel Group Corp

First reported May 20 2013 - Updated May 20 2013 - 1 reports

US ports gets funds for dredging

The bill (S601) includes provisions related to the Harbor Maintenance Fee (HMF) that would substantially increase funding for dredging and maintenance at US ports to $1bn in FY 2014 and would increase funding for dredging and maintenance by $100M/y ... [Published Steel Times International - May 20 2013]

Entities: Ports, Allotment

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Shanghai Baosteel Group Corp

Baosteel profit up 33% to RMB 1.6bn in Q1

Shanghai Baoshan Iron and Steel Co. (Baosteel) reported a net profit of RMB 1.628bn ($262.15M) for Q1 2013, up 33.3% from a year earlier.The company made RMB 46.4bn ($7.47bn) in revenue, down 2% from a year earlier. The drop in revenues resulted from ... [Published Steel Times International - May 20 2013]

Entities: Shanghai Baosteel Group Corp, Steel, Baoshan Iron & Steel Co Ltd, Metals, Stainless Steel

First reported May 18 2013 - Updated May 18 2013 - 1 reports

Overcapacity hinders prices in global longs market

IREPAS, the long products trade association, says another month has passed (April) in which demand in the global long products steel market has failed to show the awaited recovery.The volume of business has significantly declined in the overall global ... [Published Steel Times International - May 18 2013]

Entities: Steel, Gerdau SA, FAR, Raw Material

First reported May 18 2013 - Updated May 18 2013 - 1 reports

European Steel Day

Location: The Square - Brussels Organised by Eurofer , in cooperation 11th European Business SummitFor further information on European Steel Day contact ... [Published Steel Times International - May 18 2013]

Entities: Steel, Brussels

First reported May 18 2013 - Updated May 18 2013 - 2 reports

Platts 4th Annual Green Steel Focus Day

Location: London - Hilton London Tower Bridge Organised by PlattsGreen’ steelmaking with an emphasis on the cost of CO2 emissionsPlatts' 4th Annual Green Steel Focus Day is part of a wider European Steel Summit organised by Platts, which includes:• 9th ... [Published Steel Times International - May 18 2013]

Entities: Platts, Steel, London

First reported May 15 2013 - Updated May 15 2013 - 2 reports

Chinese finished steel forecast to increase 5%

Sheffield UK based market analysts, MEPS forecasts the output of all finished steel products for sale this year in China at 740Mt.This equates to an annual gain of 4.7%. MEPS’ estimate total flat products mill production will be 292Mt – up 4.2% on the ... [Published Steel Times International - May 15 2013]

Entities: Steel, Construction, China

First reported May 14 2013 - Updated May 14 2013 - 2 reports

China’s exports top 24Mt in Q1 2013

According to data published by the Latin American Steel Association (Alacero) in its report ‘China – Latin America Quarterly Monitor’, the region continues to be the second most important destination for Chinese finished steel, only surpassed by South ... [Published Steel Times International - May 14 2013]

Entities: China, Steel, Brazil, Colombia

Quotes

"We expect the peak to be around 2015-16. It's a potential market" said Mr Al Rumaithi, whose company will exhibit at the Projects Qatar trade exhibition in Doha next month

Emirates Steel Kizad expansion awaits gas feedstock allocation [Published Steel Times International - May 15 2013]

More Content

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Anyang and Shougang losses grow [Published Steel Times International - 4 hours ago]
US imports challenged by domestic steel [Published Steel Times International - 4 hours ago]
US production recovers from May [Published Steel Times International - 4 hours ago]
Chinese banks cut loans to steel traders [Published Steel Times International - 4 hours ago]
Chinese output jumps despite small profits [Published Steel Times International - 4 hours ago]
Chinese steel barely returns profit in Q1 [Published Steel Times International - 4 hours ago]
US ports gets funds for dredging [Published Steel Times International - May 20 2013]
Baosteel profit up 33% to RMB 1.6bn in Q1 [Published Steel Times International - May 20 2013]
Overcapacity hinders prices in global longs market [Published Steel Times International - May 18 2013]
European Steel Day [Published Steel Times International - May 18 2013]
Platts 4th Annual Green Steel Focus Day [Published Steel Times International - May 18 2013]
Platts 9th Annual Steel Markets Europe conference [Published Steel Times International - May 18 2013]
BIR World Recycling Convention [Published Steel Times International - May 18 2013]
4th Annual Platts Steel Raw Materials Asia 2013 [Published Steel Times International - May 18 2013]
11th Annual conference CIS Flat Products, Tube ... [Published Steel Times International - May 18 2013]
Outokumpu reviews its high performance alloys b... [Published Steel Times International - May 15 2013]
Chinese finished steel forecast to increase 5% [Published Steel Times International - May 15 2013]
US Steel exports rise in March but below 2012 [Published Steel Times International - May 15 2013]
Emirates Steel Kizad expansion awaits gas feeds... [Published Steel Times International - May 15 2013]
Kathmandu Steel launches Reidbar [Published Steel Times International - May 15 2013]
Malay measures to curb import show results [Published Steel Times International - May 15 2013]
Alacero recognised as ‘Climate Action Member’ [Published Steel Times International - May 15 2013]
China’s exports top 24Mt in Q1 2013 [Published Steel Times International - May 14 2013]
China’s over capacity needs plant closures [Published Steel Times International - May 14 2013]
Innovation in Steel: Triple E ships set new era... [Published Steel Times International - May 14 2013]
Chinese to build jv steel plant in Indonesia [Published Steel Times International - May 14 2013]
EC takes anti-dumping measures against stainles... [Published Steel Times International - May 14 2013]
Disposal of Steel Americas shifts ThyssenKrupp’... [Published Steel Times International - May 13 2013]
AIST appoints Board to May 2014 [Published Steel Times International - May 10 2013]
Joon Yang Chung of Posco named steelmaker of th... [Published Steel Times International - May 09 2013]