SteelOrbis - Steel News: economics Accurate steel prices, latest steel news, massive database of steel companies, comprehensive coverage of steel markets, and online steel trading. 2014-12-22T00:44:32Z SteelOrbis 2014-12-22T00:44:32Z en China revises GDP figure for 2013 upward by 3.4 percent 2014-12-19T09:28:23Z 2014-12-19T09:28:23Z China’s final gross domestic product (GDP) figure for 2013 has been revised to RMB 58.8019 trillion, up 3.4 percent compared to the preliminary value. 2014-12-19T09:28:23Z Steel prices in Russia may rise by 15-30 percent in 2015 2014-12-16T15:22:32Z 2014-12-16T15:22:32Z Steelmakers in Russia are preparing to dramatically increase their contribution to industrial inflation in the country, according to Kommersant. 2014-12-16T15:22:32Z OECD Steel Committee: Steel demand growth to remain moderate 2014-12-16T14:07:26Z 2014-12-16T14:07:26Z At the 77th Organization for OECD Steel Committee meeting, the participants exchanged views on excess capacity in the global steel sector. 2014-12-16T14:07:26Z HSBC’s China flash manufacturing PMI edges down to 49.5 in December 2014-12-16T13:32:14Z 2014-12-16T13:32:14Z In December this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) decreased to 49.5. 2014-12-16T13:32:14Z Iron ore inventory decreases slightly at Chinese ports 2014-12-16T13:30:02Z 2014-12-16T13:30:02Z As of December 15, inventory of iron ore at 33 major Chinese ports amounted to 103.14 million mt, down 0.99 percent week on week. 2014-12-16T13:30:02Z Australia expects iron ore price at $60/mt over next two years 2014-12-16T09:30:25Z 2014-12-16T09:30:25Z The Australian government expects the iron ore price to be US$60/mt on FOB basis over the next two years. 2014-12-16T09:30:25Z Average HRB 400 rebar price in China down slightly in early December 2014-12-15T10:46:33Z 2014-12-15T10:46:33Z In early December (December 1-10) this year, the average prices in China of 16-25 mm HRB 400 rebar were recorded at RMB 2,846.5/mt ($463.6/mt). 2014-12-15T10:46:33Z Construction and auto production lift Canadian industrial activity in third quarter 2014-12-14T23:55:18Z 2014-12-14T23:55:18Z 2014-12-14T23:55:18Z Turkey’s GDP up 1.7 percent in Q3 2014-12-11T14:16:25Z 2014-12-11T14:16:25Z Turkey's GDP in the third quarter of the current year grew by 1.7 percent year on year in constant prices to TRY 33.5 billion ($14.8 billion). 2014-12-11T14:16:25Z China replaces US as world’s No. 1 economy 2014-12-11T10:12:44Z 2014-12-11T10:12:44Z According to the latest IMF data, China has replaced the US as the world’s largest economy. 2014-12-11T10:12:44Z TISCO to issue ultra short-term bonds worth RMB 3 billion 2014-12-10T08:30:40Z 2014-12-10T08:30:40Z Chinese stainless steel producer Taiyuan Iron and Steel (Group) Co. (TISCO) plans to issue ultra short-term bonds worth RMB 3 billion on Dec. 10. 2014-12-10T08:30:40Z Shandong Steel issues ultra short-term bonds worth RMB 3 billion 2014-12-10T08:20:36Z 2014-12-10T08:20:36Z Chinese steelmaker Shandong Iron and Steel Group has issued short-term bonds worth RMB 3 billion ($0.49 billion) for a term of 270 days. 2014-12-10T08:20:36Z Iron ore inventory decreases slightly at Chinese ports 2014-12-09T13:17:35Z 2014-12-09T13:17:35Z As of December 8, inventory of iron ore at 33 major Chinese ports amounted to 104.17 million mt, down 0.62 percent week on week. 2014-12-09T13:17:35Z China’s foreign trade value down slightly in November 2014-12-08T08:34:31Z 2014-12-08T08:34:31Z In November of the current year, China’s total foreign trade value amounted to $368.85 billion, indicating a year-on-year decrease of 0.5 percent. 2014-12-08T08:34:31Z CISA: Import iron ore prices in China to move on slight downtrend 2014-12-05T12:33:10Z 2014-12-05T12:33:10Z In November, import iron ore prices in China declined sharply as China’s finished steel production was limited due to the APEC meeting in Beijing. 2014-12-05T12:33:10Z AHMSA director concerned about exchange rate’s effect on steel 2014-12-04T23:53:28Z 2014-12-04T23:53:28Z 2014-12-04T23:53:28Z Grupo Simec announces new repurchase fund 2014-12-04T23:52:21Z 2014-12-04T23:52:21Z 2014-12-04T23:52:21Z Ukrainian rolled metal market to contract further in 2015 2014-12-04T14:55:12Z 2014-12-04T14:55:12Z According to Ukrainian mining and steel producing group Metinvest, the Ukrainian rolled metal market will shrink by 15 percent year on year in 2015. 2014-12-04T14:55:12Z Average HRB 400 rebar price in China down 1.8 percent in late November 2014-12-04T10:05:06Z 2014-12-04T10:05:06Z In late November, the average price in China of 16-25 mm HRB 400 rebar was RMB 2,886.9/mt ($469.4/mt) from mid-November. 2014-12-04T10:05:06Z Metinvest’s revenue down 14 percent in January-September 2014-12-03T07:43:06Z 2014-12-03T07:43:06Z Ukrainian mining and steel producing group Metinvest has announced its results for the first nine months of the current year. 2014-12-03T07:43:06Z HSBC China final manufacturing PMI declines to 50.0 in November 2014-12-02T08:30:23Z 2014-12-02T08:30:23Z The HSBC purchasing managers' index (PMI) for the Chinese manufacturing sector indicated a final reading of 50.0 in November this year. 2014-12-02T08:30:23Z MOC: Average finished steel price in China down 0.4 percent 2014-12-02T08:28:01Z 2014-12-02T08:28:01Z Last week (November 24-30), the overall average finished steel price in China declined by 0.4 percent week on week. 2014-12-02T08:28:01Z China’s residential housing prices down slightly in Nov from Oct 2014-12-01T09:13:48Z 2014-12-01T09:13:48Z In November this year, the average prices of new residential housing in 100 major cities in China decreased by 0.38 percent month on month. 2014-12-01T09:13:48Z Chinese industrial enterprises’ gross profits up 6.7% in Jan-Oct 2014-11-27T12:41:30Z 2014-11-27T12:41:30Z In January-October this year, aggregate gross profit of large and medium-sized industrial enterprises in China rose by 6.7 percent year on year. 2014-11-27T12:41:30Z Brazilian steel institute unveils pessimistic expectations for the year 2014-11-26T22:24:07Z 2014-11-26T22:24:07Z 2014-11-26T22:24:07Z Russia’s Metalloinvest posts lower net profit for Q3 compared to Q2 2014-11-25T15:56:06Z 2014-11-25T15:56:06Z Russia-based leading global iron ore and hot briquetted iron (HBI) producer Metalloinvest saw its net profit decline 2014-11-25T15:56:06Z People's Bank of China cuts benchmark interest rates 2014-11-24T15:07:16Z 2014-11-24T15:07:16Z The People's Bank of China (PBOC) announced on November 21 that it has decided to cut benchmark interest rates for the first time since July 2012. 2014-11-24T15:07:16Z HSBC's China flash manufacturing PMI edges down to 50.0 in November 2014-11-20T12:58:55Z 2014-11-20T12:58:55Z In November this year, the China HSBC Flash Manufacturing Purchasing Managers Index (PMI) decreased to 50.0 - the lowest level of the past six months. 2014-11-20T12:58:55Z MOC: Average finished steel price in China down 0.2 percent 2014-11-19T10:29:51Z 2014-11-19T10:29:51Z Last week (November 10-16), the overall average finished steel price in China declined by 0.2 percent week on week. 2014-11-19T10:29:51Z Xinyu Steel to issue short-term bonds worth RMB 1.5 billion 2014-11-18T09:56:02Z 2014-11-18T09:56:02Z Chinese steelmaker Xinyu Iron and Steel Co. plans to issue short-term bonds worth RMB 1.5 billion ($244.3 million) on November 19. 2014-11-18T09:56:02Z