Reuters reported that the US Commerce Department confirmed duties on some steel products from Japan after a complaint that imports of diffusion annealed, nickel plated flat rolled steel were being sold at unfairly low prices in the US. Products from world No.two steel producer Nippon Steel & Sumitomo Metal Corporation will have a dumping margin of.. read more →
Published: March 31, 2014, 3:46 PM Canada’s Northwest Pipe Co. said Monday it has sold substantially all of its oil country tubular goods assets to Centric Pipe LLC, an affiliate of Dallas-based supplier SB International Inc., for a purchase price of $42.7 million. Northwest Pipe, a manufacturer of steel tube, will retain ownership of its real property.. read more →
China’s Emissions Control & Steel Industry Steel industry is a high polluting industry. It’s defined as a very key factor for China’s environmental problem. So, China government has issued several policies to control the steel industry pollution. An environmental clamp down on high polluting Chinese steel mills will neither curb growth in domestic steel.. read more →
PTI reported that TATA Steel will begin production from its greenfield plant at Kalinganagar in Odisha from the last quarter of next fiscal. R TV Narendran MD of TATA Steel told PTI “Kalinganagar project is going on. It will start production from the fourth quarter of next fiscal.” The Kalinganagar project, which will essentially produce.. read more →
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Bloomberg reported that Baoshan Iron & Steel Company of China profit fell 42% last year to the lowest level since 2009 after an asset sale inflated earnings a year earlier. Net income declined to CNY 5.82 billion or CNY 0.35 per share from CNY 10.1 billion or CNY 0.0.58. Sales fell 0.7% to CNY 189.7.. read more →
HYSP Big Steel Line Pipe Order Hua Yuan steel pipe co., ltd has secured one big line pipe order from CNPC,the Chinese state own oil company. In this order, large diameter 20″ ERW is required and applied as oil line pipe. It’s used to transmiss oil from Daqing to Heilongjiang to enhance the ability of oil supply. In the pipe order,.. read more →
Steel imports increased in February compared to January by 1.4 percent according to preliminary data for February released by the US Government. For the first two months of 2014 compared to the same period in 2013, steel imports are up by 25.9 percent. Mr Richard Chriss executive director of AIIS said “Improved pricing at the.. read more →
JFE Steel Corporation announced that it has developed the world’s first API X80 grade high frequency welded steel pipe with thickness of one inch (25.4 mm). JFE Steel also announced that it has received the first two commercial orders for its uniquely thick HFW pipe. The HFW pipe is being manufactured at a refurbished 26.. read more →
(Business Standard)–Global steel demand may to grow at a faster pace of 3.3% this year, driven by rising need for the commodity from India, Brazil, Russia, West Asia and North Africa, according to a report. “Global steel demand is forecast to grow faster in 2014 at 3.3%, with more demand growth expected outside China, including.. read more →
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