Steel Times International News
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Tata Steel strong turnaround in net profit for Q1 FY13/14
Tata Steel's Group profit for Q1 FY13/14 showed a 90.5% increase over the same period last year (Q1 FY12/13) when the profit was INR5980M ($98.0M).
15 August 2013 -
Nucor’s earnings drop one-third from H1 2012
Nucor Corporation, the USA’s largest minimill group and second largest steel producer in the country, announced consolidated net earnings of $85.1M, or $0.27 per diluted share, for Q2 2013. By comparison, net earnings were just 0.3% up on the $84.8M, or $0.26 per diluted share for Q1 2013 and down 24.2% on $112.3M, or $0.35 per diluted share, in Q2 2012.
15 August 2013 -
Investment & loss in Chinese steel
China’s large and midsize steelmakers completed only 7.81% of their annual investment plan in the first half 2013 according to the China Iron and Steel Association (CISA). Small-sized companies finished 31.53% of their respective plans.
14 August 2013 -
Imported iron ores stockpiles decline in China
Stockpiles of iron ore at 25 major Chinese ports declined in the first week of August as market demand began to pick up. Inventories of imported iron ore stood at 72.83Mt from July 30 to Aug. 5, down 2.25Mt, or 2.9%, week on week.
14 August 2013 -
Chinese profits remain weak
China’s large and midsize steelmakers made RMB 2.267bn ($37.16M) in profit in the first half 2013, up 2.69% from a year earlier.
14 August 2013 -
China’s I&S PMI rises to 52.5% in July
The purchasing managers index (PMI) for China’s iron and steel sector returned to expansion in July for the second time since the start of the year and reached 52.5, according to the latest data released by the China Federation of Logistics and Purchasing (CFLP) on Aug. 5.
14 August 2013
