Tag Archives: steel contracts
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK) and the Turkish Undersecretariat of Customs, in April this year the value of Turkey’s iron and steel imports decreased by 25.8 percent year on year and was down by 16.5 percent month on month, totaling $1.16 billion and ranking fifth among […]
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 […]
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 […]
After falling below the $60/mt threshold on March 5, last week the prices of 62 percent Fe content iron ore mostly trended sideways with slight declines and closed the week at $58/mt CFR China. Following the U.S. Energy Information Administration’s (EIA) announcement on March 18 of oil stocks being above the expected levels, crude oil […]
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 […]
Change is inevitable. In a society where the latest gadget becomes outdated nearly the instant you swipe your credit card, if a product or company isn’t changing and adapting, it will fall behind while its competitors thrive. Corporations and countries are constantly fighting to become the “next big thing” and become more self-sufficient.