Steel Times International News
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China opposes EU Anti-dumping probe
The European Commission (EC)’s antidumping and anti-subsidy probes into Chinese steel products are ‘unreasonable’ and will harm Chinese companies’ legal rights, the Ministry of Commerce (MOC) for China said on January 16.
05 February 2013 -
Growth in China’s Iron & Steel hits 10-year low
China’s crude steel production reached 717Mt in 2012, a record high and a 3.1% year-on-year growth, according to the National Bureau of Statistics. But this marked the lowest rate of growth of crude steel production in the past 10 years. The World Steel Association said China’s share of world crude steel production increased to 46.3% in 2012 from 45.4% in 2011.
05 February 2013 -
Receding ore prices hit mines
Whilst iron ore prices have recovered somewhat, not everyone is able to join the party and 2013 is shaping up to be an interesting year for iron ore. As prices hit US$150/t in January – an 80% increase over the lows in September 2012 – optimism briefly returned to the market.
30 January 2013 -
Nucor’s y-o-y profits drop 35%
US minimill group, Nucor Corporation announced consolidated net earnings of $504.6M, or $1.58 per diluted share, for the full year 2012, down 35% on consolidated net earnings of $778.2M, or $2.45 per diluted share, for the full year 2011.
30 January 2013 -
ArcelorMittal Liège to close coke plant and six finishing lines
ArcelorMittal Liège announced its intention to permanently close a number of additional assets in Liège due to a further weakening of the European economy and the resultant low demand for its products.
29 January 2013 -
US steel imports plummet in December
US Steel imports declined 13.9% in December compared to November according to preliminary government data but still remained up on the full year.
29 January 2013
