Tag Archives: steel consumption
Russian steel pipe producer TMK has issued its financial results in line with international financial reporting standards (IFRS) for the first quarter this year, announcing a net profit of $30 million, compared to a net loss of $16 million registered in the same quarter of 2014 and a net loss of $254 million in the […]
Finished steel output in Turkey in the January-March period this year increased slightly by 0.2 percent to 8.8 million mt, while domestic finished steel consumption rose by a stronger margin of nine percent to 7.87 million mt, both year on year, according to a report released by the Turkish Iron and Steel Producers’ Association (TCUD). […]
The SteelOrbis 2015 Spring Conference & 72nd IREPAS Meeting started in Paris today, March 23, with the participation of over 300 executives, including 100 representatives from 44 steel producer companies and 40 representatives from the raw material side. In his welcome address, IREPAS chairman Kim Marti from Spanish steel producer Celsa said that the […]
Although US Steel’s year of seemingly never-ending layoff notices isn’t news within the US steel industry, the trend has apparently caught the notice of mainstream news. In an editorial earlier this month, the Washington Post argued that US Steel’s downsizing is a direct result of the Chinese steel industry. Again, blaming China for all the […]
Influenced by the situation in the Turkish economy in 2014, finished steel consumption in Turkey declined in the given year, thereby affecting the volume of domestic finished steel output, according to a report released by the Turkish Iron and Steel Producers’ Association (TCUD). As stated in the report, in 2014 Turkey’s finished steel output decreased […]
Conversations revolving around steel have a tendency to skew toward serious. Market trends, prices, demand outlooks, and end-use news are all valuable to daily business decisions of course, but is there some rule out there that steel can’t ever be fun? Thanks to a Canadian steel structure manufacturer, building with steel might soon get a […]
Turkish import scrap market has been lively over the past week against the backdrop of new transactions and increasing scrap prices.These increases in scrap prices have created a great confusion in the market, while producers have met their immediate scrap needs with the purchases they have concluded in the last seven days for shipments in […]
SteelOrbis Americas’ Mexican correspondent explores how increased steel imports from China are affecting the Latin American steel industry. While the Chinese iron and steel industry “has entered a figurative winter,” according to Yang Siming, president and CEO of Nanjing Iron and Steel Group, the steel industry in Latin America has hit roadblocks of its own […]
At the SteelOrbis Fall 2012 Conference and 67th IREPAS Meeting held in Munich, Peter Marcus from World Steel Dynamics gave a speech entitled “Steel: Opportunity in Crisis”.
This certainly has been a difficult year for most industries and the steel sector is no exception. The first half of 2011 seemed to prove you right and I was about to eat my words, but the second half of the year unfortunately proved me right. I must admit that sometimes I hate to be right, but so be it. The economies in the US and in Europe positively buckled under the debt load and a lot of other economies have either stalled or are on the verge of doing so.