20th May 2012
2010-12-03 Read More

US steel prices rise again

Recently, US Steel, Nucor Steel, ArcelorMittal and AK Steel have announced to raise the spot prices of steel sheet. The increase scope is at US$40~US$50/ short ton. It’s known that the US steel mills have ever raised the prices by US$30~US$40/short ton in the beginning of November. It’s analyzed that the US steel mills have raised the price again as the current inventory has been down ...
2010-12-03 Read More

China’s steel mills suffer from pressure of raising raw material costs

Currently, iron ore prices have kept increasing sharply; accordingly, it’s predicted to soar further for sure in next Q1. Moreover, rumors said that the prices of iron ore would have chance to rise by US$10~US$20/ton in next Q1. Analyzers worried about the prospect of China’s steel market as China’s economy has been sliding slightly and some large construction projects have been postponed by the coming of ...
2010-11-22 Read More

Raising iron prices hinder reinstatement of annual pricing system

Reportedly, a steel maker disclosed that BHP Billiton has sold 90 thousand tons of Newman fine iron ore at US$171.5/ton, up by 50% year on year. It has reached the highest level of this year. The prices of iron ore has been raising. As a result, the three major manufacturers have all expressed positive attitude for the prospect. In addition, BHP Billiton has announced to add ...
2010-11-18 Read More

CSC, Baosteel to jointly purchase overseas iron ore

Reportedly, China Steel Corp. (CSC) has affirmed to purchase overseas iron ore jointly with China’s Baosteel in order to enhance the capacity of self-sufficiency and reduce the raw material costs. CSC’s chairman stated that the company is willing to try all the possibilities of joint venture if the resources are worth investing. Besides, CSC has planned to raise the rate of self-sufficiency to 30% from the ...
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