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Nafta declines sink US steel exports in Dec., full year

U.S. steel exports fell slightly in December, largely due to declines in shipments to North American Free Trade Agreement (Nafta) markets, helping to pull down full-year shipments. Steel exports totaled 928,894 net tons in December, down 0.7 percent from 935,335 tons in November although 29.8 percent ahead of 715,529 tons in December 2008, [...]

BP, Shell Cost Cuts May Falter as Drilling Stirs Oil Inflation

BP Plc and Royal Dutch Shell Plc may falter in their campaigns to save billions in oil and gas project costs as a resurgence in drilling and demand for engineers threaten to revive inflation in the industry. Crude prices doubled in the past year, prompting producers to resume projects put on hold during the recession. Oil and gas industry [...]

Global supply and demand of ferrochrome in 2010 will be balanced

At the 3rd International Stainless Steel Trade Summit held on the beginning of February in Dubai of United Arab Emirates, Mr Cengiz Onal sales manager of Eti Krom in Turkey and was one of guest speakers at this conference, delivered his speech, saying that a global prospect of ferrochrome in 2010 will be consumption: 7,880,000 tonnes, production: [...]

US steel

VANCOUVER, British Columbia - As underdogs go, Team USA showed up here at Olympus as the runt of the international litter, lacking in experience, short on marquee names, and absent Olympic gold since the 1980 Miracle on Ice. Canada and Russia would be the big dogs when it came time to divvy up the medals. Without question. Some things are just [...]

Steel Is Back

It came down to geology. "We are ideally situated to serve the Marcellus Shale," said V&M Star President Roger Lindgren. What Lindgren is referring to is a vast underground layer of rock shale that underlays Eastern Ohio, across the Finger Lakes region of New York, under western Pennsylvania, south to West Virginia and even into Virginia. It [...]

Just when U.S. needs China, it goes and does all of this

The next step is sanctions," he bluntly declared. Sanctions haven't worked either. The United Nations Security Council has ordered three sanctions packages, but Russia and China have neutered all of them. The only action that could work now, Secretary of State Hillary Rodham Clinton insists, is "crippling sanctions." Blockading gasoline [...]

Tension builds over annual iron ore talks

"If Comrade Mao Zedong was still alive, he wouldn't put up with this kind of thinking," Wu Xichun, honorary chairman of the China Iron and Steel Association said this week about newspaper stories on the country's annual iron ore price talks. "So don't ask me anything about the talks," he told reporters. "Nobody from Cisa will tell you anything [...]

TKC Steel gets adviser for planned plant

TKC Steel Corp., the only publicly listed steel company in the country, has appointed a global financial adviser to secure as much as $1 billion to put up an integrated steel plant. "Under the terms of engagement, Pricewaterhouse Coopers Financial Advisors, Inc. will identify prospective strategic partners and or investors and prepare a work [...]

CISA Forecasts China Crude Steel Output At 600 Million Tons

CISA forecasts crude steel output at 600 mln tons China's crude steel output is expected to reach 600 million tons this year, Deng Qilin, the chairman of China Iron & Steel Association addressed the 2010 extending council meeting. He made the estimation given that the fixed assets investment grows 20 percent; total retail sales of consumer [...]

WORLD STEEL REVIEW, November 2009

Crude steel production in September for the 66 countries reporting to the IISI was 107.0 million tonnes, a drop of only 0.6% over September 2008. The total for the first nine months of 2009 was 866.0 million tonnes, 16.4% down on the previous year's January to September total. However, excluding China, the fall in the year to date production was [...]

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