Steel Times International News
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Malaysia close to steel policy implementation
The first phase of the restructuring of Malaysia’s national steel policy is expected to be implemented by the end of January with debt-laden Megasteel Sdn Bhd, a producer of hot-rolled coils (HRC) being the first problem tackled, say industry sources.
17 January 2013 -
Vietnamese steelmakers suffer slump
Sales volumes in Vietnam fell for the construction-steel industry last year by about 8% compared to the previous year, according to the Vietnam Steel Association (VSA).
16 January 2013 -
Machine tool sector growing globally
According to a report by the Italian Machine Tool and Manufacturing System Industry, the Italian machine tools, robots and automation industry in Italy grew 3.7% in 2011 compared with 5.2% y-o-y in 2010.
15 January 2013 -
Chinese crude steel output to top 720Mt in ‘12
Crude steel output in China amounted to 660.13Mt in the first 11 months of 2012, up 2.9% from a year earlier. Output for the full year 2012 is expected to reach 720Mt, according to Wang Qinghai, head of the China Iron and Steel Association (CISA).
13 January 2013 -
Chinese roll steel stocks at 13.6Mt
China’s social stocks of steel products rose for the third straight week in the first week of 2013, said Mysteel.com, a major domestic steel information provider.
13 January 2013 -
Chinese majors incur RMB 1.97bn losses in 2012
China’s major steelmakers incurred RMB 1.97bn ($309M) of losses in the January to November period of 2012, said the China Iron and Steel Association (CISA) on Jan. 7. Although the market has shown signs of recovery since October, increasing iron ore prices and sluggish downstream demand continued to weigh on the iron and steel industry.
13 January 2013
