Steel Times International News
-
Chinese ore imports fall on reduced demand
Import prices of iron ore continued to fall in the week ending December 3 due to stagnant demand as steel mills cut production amid the slowing economy, according to Xinhua’s latest iron ore price report.
18 December 2012 -
Chinese steel stocks 11.95Mt at-Nov end
China’s stocks of steel products, including rebar, wire rod, hot-rolled steel, cold-rolled steel and heavy and medium plates edged up 28kt, or by 0.23% week on week to 11.95Mt in the week ending November 30, according to statistics from Mysteel.
18 December 2012 -
Vale allocates $16bn expenditure for 2013
Brazilian miner, Vale, has announced its investment plans for 2013. Capital expenditure allocated for new projects is US$10.1bn and $5.1bn will be used to sustain existing projects. A further $1.1bn has been allocated to Research & Development.
18 December 2012 -
Commission report confirms EU CO2 steel targets cannot be met
Emission targets set by EU climate policies are unachievable for the European steel industry. This is the conclusion of study recently published by the European Commission's Joint Research Centre (JRC).
16 December 2012 -
Eurofer welcomes EU Parliament resolution on EU steel industry
The European Parliament has told the European Commission that the steel industry is essential for growth and prosperity in Europe.
12 December 2012 -
Chinese export growth continues
China’s crude steel output rose 6% in October over the same period a year earlier. During the first 10 months of 2012, China produced 602.23Mt of crude steel, up 2.1% year on year.
12 December 2012
