SteelOrbis - Steel News: economics Accurate steel prices, latest steel news, massive database of steel companies, comprehensive coverage of steel markets, and online steel trading. 2013-05-24T16:23:05Z SteelOrbis 2013-05-24T16:23:05Z en Stemcor to meet with banks to outline its repayment proposal 2013-05-24T12:20:40Z 2013-05-24T12:20:40Z London-based Stemcor will meet banks next week to outline proposals to repay its lenders. 2013-05-24T12:20:40Z Mexican economic growth estimates decline slightly 2013-05-23T13:21:45Z 2013-05-23T13:21:45Z At a press conference, Deputy Finance Minister, Fernando Aportela, said this could have an impact on government revenues. 2013-05-23T13:21:45Z Mexican construction recovery could be delayed 2013-05-22T20:32:31Z 2013-05-22T20:32:31Z According to Luis Zárate Rocha, the Mexican construction industry will finally recover from the slowdown that started this January. 2013-05-22T20:32:31Z Iron ore inventory at Chinese ports edges up further 2013-05-21T14:18:36Z 2013-05-21T14:18:36Z As of May 20, inventory of iron ore at 25 major Chinese ports amounted to 72.49 million mt, up 0.81 percent week on week. 2013-05-21T14:18:36Z USGS: Upturn in US steel industry activity could be slower than expected 2013-05-21T14:01:47Z 2013-05-21T14:01:47Z An upturn in US metals industry activity might be slower than expected. 2013-05-21T14:01:47Z Euro area annual inflation down in April from March 2013-05-16T14:27:32Z 2013-05-16T14:27:32Z Annual inflation in the euro area was 1.2 percent in April, down compared to March2013, according to Eurostat. 2013-05-16T14:27:32Z Employment in German construction sector up 0.9 percent in Q1 2013-05-16T07:47:10Z 2013-05-16T07:47:10Z In Germany’s construction sector, the number of persons in the first quarter of the year rose by 21,000 or 0.9 percent y-o-y. 2013-05-16T07:47:10Z Euro area GDP shrinks by 0.2% in Q1 from Q4 levels 2013-05-15T15:00:13Z 2013-05-15T15:00:13Z During the first quarter of 2013 gross domestic product (GDP) decreased by 0.1 percent in the EU-27, compared to the previous quarter 2013-05-15T15:00:13Z Italy’s GDP contracts further, regresses to levels seen in 2000 2013-05-15T14:52:34Z 2013-05-15T14:52:34Z n Q1 this year, Italy's seasonally adjusted and calendar adjusted gross domestic product (GDP) fell 0.5% quarter on quarter and 2.3% year on year. 2013-05-15T14:52:34Z Unemployment rate down slightly in OECD countries in Mar 2013-05-15T13:28:50Z 2013-05-15T13:28:50Z In March this year, the unemployment rate of the 34 OECD member countries decreased to eight percent. 2013-05-15T13:28:50Z UK economy expands slightly in Q1 2013-05-15T12:36:40Z 2013-05-15T12:36:40Z The UK economy grew by 0.3 percent during the first quarter of 2013, following a contraction of 0.3 percent in the final quarter of 2012. 2013-05-15T12:36:40Z France’s GDP falls further in Q1 2013-05-15T09:09:02Z 2013-05-15T09:09:02Z In the first quarter of 2013, France's gross domestic product (GDP) decreased 0.2 percent quarter on quarter. 2013-05-15T09:09:02Z Destatis: German economy slow to gain momentum 2013-05-15T08:28:08Z 2013-05-15T08:28:08Z Germany's price, season and calender adjusted GDP in the first quarter of 2013 increased by 0.1 percent compared to the previous year. 2013-05-15T08:28:08Z Jobs in German motor vehicle manufacture up 2% in Mar 2013-05-15T07:35:06Z 2013-05-15T07:35:06Z As of March 31 of the current year, the number of employees in the production of motor vehicles and motor vehicle parts increased two percent y-o-y. 2013-05-15T07:35:06Z PwC to assess Stemcor’s standstill deal request for $850 million loan 2013-05-14T11:48:27Z 2013-05-14T11:48:27Z Stemcor’s lender have appointed PricewaterhouseCoopers to assess Stemcor’s proposal for a standstill agreement. 2013-05-14T11:48:27Z Turkey’s basic metals turnover index up 7.6% in Mar over Feb 2013-05-13T09:02:37Z 2013-05-13T09:02:37Z In March, the industrial turnover index for the manufacture of basic metals in Turkey increased by 7.6 percent over the previous month. 2013-05-13T09:02:37Z S. African iron and steel output down 16.7% in Q1 2013-05-10T11:56:51Z 2013-05-10T11:56:51Z In the first quarter of the year, South Africa’s basic iron and steel production declined 16.7 percent, compared to the same quarter of 2012. 2013-05-10T11:56:51Z German motor vehicle manufacturing turnover up 10.1% in Mar over Feb 2013-05-10T07:52:28Z 2013-05-10T07:52:28Z In March, a m-o-m turnover increase of 10.1 percent in German motor vehicles and vehicle parts industry. 2013-05-10T07:52:28Z Trade deficit shrinks in US while Canada reports surplus 2013-05-05T22:17:25Z 2013-05-05T22:17:25Z Total US March exports of $184.3 billion and imports of $223.1 billion resulted in a goods and services deficit of $38.8 billion. 2013-05-05T22:17:25Z US unemployment rate falls to 7.5 percent 2013-05-05T22:15:13Z 2013-05-05T22:15:13Z The US Department of Labor said Friday that the US economy added 165,000 total nonfarm jobs in April. 2013-05-05T22:15:13Z EUROFER: Activity in EU steel using sectors to fall 1.5% in 2013 2013-05-03T14:17:34Z 2013-05-03T14:17:34Z According to EUROFER, total activity in the steel using sectors is expected to decline by around 1.5 percent this year. 2013-05-03T14:17:34Z Construction spending in US up nearly 5 percent in Q1 2013-05-02T22:31:31Z 2013-05-02T22:31:31Z The US Census Bureau announced that construction spending during March 2013 was estimated at a seasonally adjusted annual rate of $856.7 billion. 2013-05-02T22:31:31Z Euro zone PMI downturn deepens in the start of Q2 2013-05-02T12:33:57Z 2013-05-02T12:33:57Z The downturn in the euro zone manufacturing sector deepened at the start of the second quarter of the year. 2013-05-02T12:33:57Z Euro area annual inflation in April estimated at 1.2 percent 2013-04-30T14:56:59Z 2013-04-30T14:56:59Z Annual inflation in the euro area is expected to be 1.2 percent in April this year, down from a revised 1.7 percent in March. 2013-04-30T14:56:59Z EU-27 unemployment rate stable in March compared to February 2013-04-30T14:55:04Z 2013-04-30T14:55:04Z The seasonally adjusted unemployment rate in the EU-27 was 10.9 percent in February slightly up compared to January. 2013-04-30T14:55:04Z French manufacturing turnover up 0.6% in Feb over Jan 2013-04-30T11:02:22Z 2013-04-30T11:02:22Z In February this year, the seasonal and working-day adjusted turnover index in France's manufacturing industry increased by 0.6 percent m-o-m. 2013-04-30T11:02:22Z US DOC estimates GDP growth of 2.5 percent in Q1 2013-04-29T09:22:23Z 2013-04-29T09:22:23Z The US Department of Commerce reported Friday that real gross domestic product in the US increased at an annual rate of 2.5 percent in Q1 2013. 2013-04-29T09:22:23Z Turkish consumer confidence rises in April 2013-04-29T08:24:11Z 2013-04-29T08:24:11Z The consumer confidence index in Turkey, which stood at 74.9 points in March, increased by 0.9 percent month on month in April to 75.6 points. 2013-04-29T08:24:11Z Group Simec announced major share purchase 2013-04-28T23:19:07Z 2013-04-28T23:19:07Z Grupo Simec, S.A.B de C.V. (SIM) announced that it bought 157,246 of its own shares, (SIMEC-B) through its repurchase fund on April 23. 2013-04-28T23:19:07Z S&P CEO: Mexico on the right track, but must resolve political differences 2013-04-25T22:48:02Z 2013-04-25T22:48:02Z The CEO of Standard & Poor's (S&P) in Mexico, Victor Manuel Herrera, hoped that the differences of politicians are resolved "very shortly." 2013-04-25T22:48:02Z