Steel Times International News
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Qatar and Algeria sign steel plant deal
Algeria and Qatar have signed an accord for the construction of a steel plant in Algeria.
08 January 2013 -
Wusteel’s profits drop 73% y-o-y
Wuhan Iron and Steel Group Corp. is expected to generate RMB 200bn (US$31.4bn) of sales revenue in 2012 with profits at about RMB1.7bn ($266.8M).
05 January 2013 -
China set for Japanese steel duty consultation
A consultation request from Japan over duties levied on its steel tube imports will be handle according to dispute settlement procedures of the World Trade Organization (WTO), says China’s Ministry of Commerce.
05 January 2013 -
Signs of recovery for Chinese steel
Signs of a price recovery in Q4 2012 followed months of falling steel. The domestic composite steel price index, the CSPI, released by the CISA, fell below 100 points on Sept. 7, the lowest level ever since June 2009. But the index later picked up and rose to 106.01 points on November 9, pointing to signs of price recovery.
05 January 2013 -
China's ore prices rise on falling inventories
Iron ore prices have increased by more than 50% since their September lows on signs that China’s economy is recovering.
05 January 2013 -
Chinese steel sector may bottom out in 2012
After a golden decade of fast growing in the beginning of the 21st century, the severe problem of oversupply in China’s iron and steel industry started to take its toll in 2012, a year which witnessed one of the hardest and most challenging for the steel sector. Prices fell, demand declined and costs surged and consequently profits plummeted.
05 January 2013
