WASHINGTON, May 23 (Reuters) – US confirms duties on steel pipes from Malaysia and Vietnam The United States on Friday confirmed duties on imports of stainless steel pressure pipe from Malaysia, Thailand and Vietnam after finding the products had been sold at unfairly low prices. Duties will be as high as 167.1 percent for some.. read more →
Steelguru.com – Global steel industry is not so optimized, however there are some companies and some countries are good in steel industry development. According to statistics released by the Turkish Steel Pipes Manufacturers’ Association, the country’s steel pipe exports totaled 629,182 tonnes in January to April period, rising by 4% Yoy driven by strong demand from.. read more →
Bloomberg – Baoshan Steel Co., China’s biggest publicly-traded steelmaker, said profit fell 7% in the first quarter after steel prices dropped. Net income declined to 1.51 billion yuan ($241 million), from 1.63 billion yuan a year earlier, the company said yesterday in a statement to the Shanghai Stock Exchange. Sales rose to 46.7 billion yuan from.. read more →
NEW YORK (AP) — Even though there are government support for US steel industry. And US government practise many kind of anti dumping policy to steel products from other countries. The US steel industry is still not so optimistic for the time being. But the good news is US Steel says it turned a quarterly profit.. read more →
SteelGuru- China’s steel market is agog with anticipation of frenzied stimulus package with the economic indicators dipping. China’s economy grew at 7.4% for January-March, down from 7.7% in the fourth quarter of 2013. Despite the new regime warding off mounting pressure for booster package ultimately it is expected they will yield to growth compulsions. It is.. read more →
PCK: 55000 Tonnes New Orders PCK, Chu Kong Steel Pipe Holdings Limited, announced that the Group has been awarded 3 new bidding confirmations for 55,000 tonnes of steel pipe recently. Year to date, the Group is due to supply in aggregate 369,000 tonnes of welded steel pipes within 2014. The Group has recently been awarded the following.. read more →
Economy Transition & China’s Steel Industry Steel industry is heavily dependent on the whole country’s economy development. Also steel industry is the core industry for the whole nation economy. Steel industry will affect the national economy and the economy will reflect the steel industry condition. Going by the economic indicators Chinese economy is shrouded in.. read more →
China’s production of welded steel pipes fall in Jan-Feb According to statistics released by the National Bureau of Statistics, China’s output of welded steel pipes totaled 6.31 million tonnes in the January to February period, decreasing by 12.6%. Meanwhile, the country’s daily welded steel pipes output averaged at 106,949 tonnes in the given period of.. read more →
By Bloomberg News Apr 11, 2014 8:52 AM GMT+0800 China’s slowing economy and tougher government anti-pollution efforts are taking a toll on its steel mills, rattling the world’s biggest producer of the alloy and flashing worries of a potential downturn in the globaliron-ore trade. The result is 2 percent of steel-making capacity will be eliminated this year, according to.. read more →
China steel companies non steel business profit According to a market research report for March released by the China Iron and Steel Association, prices for such steel products as HRB400 rebar, hot rolled coil, medium plate and H section suffered slumps from 2013 till now and price falls for several consecutive months were noted. Chinese.. read more →
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