Tag Archives: flat steel prices
As of March 23, inventory of iron ore at 33 major Chinese ports amounted to 96.56 million mt, down 1.84 million mt or 1.87 percent compared to the inventory level recorded on March 17, as announced by China’s Xinhua News Agency on March 24. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 55 points, down three points week on […]
As of March 16, inventory of iron ore at 33 major Chinese ports amounted to 98.40 million mt, up 2.06 million mt or 2.14 percent compared to the inventory level recorded on March 9, as announced by China’s Xinhua News Agency on March 17. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent iron content was at 58 points, down one point week on […]
For all the talk in the United States about rising energy costs and becoming energy-independent from oil-producing nations, falling oil and gas prices in the last few months hasn’t resulted in the nationwide celebration one would expect. On the consumer end, of course people are happier to pay less at the pump, along with businesses […]
When Mario Longhi took the helm of US Steel in 2013, his vision for the company—which was once the largest steel producer in the world—involved modernizing, streamlining, and most significantly, downsizing. Plant closures and layoffs have defined Longhi’s tenure, with four facility shut-downs announced this month alone. But aside from the temporary idling of two […]
Sluggish global demand, increased input costs, improved Chinese performance in the world markets together with the slowdown of local Turkish steel demand and trade protection investigations against Turkish origin steel products resulted in a weaker output performance of the Turkish steel industry in 2014, according to the Turkish Iron and Steel Producers’ Association (TCUD). In […]
US domestic flats market loses steam in late January Flat rolled steel demand in December of last year was surprisingly strong across the board—demand at the mill, service center, trading and end-use levels allowed for US domestic flat rolled mills to push for their announced price increases throughout the final weeks of 2011.