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Taiwan’s Chung Hong sales revenue up near 20% in March m-o-m

Taiwan’s Chung Hong Hung announced its march sales revenue reached NT$27.89 billion, an increase of 19.84% month on month; an increase of 8.38% year on year. The company’s revenue reached NT$77.06 billion in the 1st quarter this year, down by 0.36% year o...

Tuesday, April 12, 2016

China's carbon steel plate to increase further

The China's carbon steel plate increased at USD25-30/MT in the past three weeks. The current price level comes to USD385-390/MT CFR. However, the new price just released and it is increasing by USD10/MT and most of the mills all have the same prices up. So, th...

Tuesday, April 12, 2016

Japan’s steel demand is expected to continue to decline in Q2

According to the Japan Economic and Industry forecasting, in the 2nd quarter of this year, Japan's crude steel output is expected to fall by 2.4% year on year, decline by 2.7% month on month to 25.24 million tons. Among them: Japan’s ordinary steel demand ...

Tuesday, April 12, 2016

Taiwan's carbon steel plate transaction price might reach to NT$15,000/ton

China Steel Corp(CSC) announced to increase its AP plate price by NT$700/MT for May last Friday. CSC also announced the supply quantity yesterday which reduced by 20-30% compared to April. Stimulated by this, the supplier offered different price levels for...

Tuesday, April 12, 2016

United Kingdom industrial output continues to drop in February, steel workers will face jobs cut

United Kingdom industrial production unexpectedly fell in February, means that the industrial sector may face economic downturn in the 1st quarter of this year. United Kingdom national statistics data released recently showed that United Kingdom industrial ...

Tuesday, April 12, 2016

Italy Ilva plans to complete asset sales before the end of June

Italy group Gilva iron and steel company (Ilva) plans to sell its Maghreb Services Center in Tunisia and Tunisacier mills. Maghreb produces 22,000 tons of steel plate per year and Tunisacier mill produces 200,000 tons of galvanized sheet per year. Italy gov...

Tuesday, April 12, 2016

Turkish local pipe market demand remains steady

Last week, Turkish pipe market demand fell further. Market participants pointed out that Turkish domestic pipe market prices increased in the past two weeks, due to the hot-rolled coil prices increase of US$35/ton, but prices remained stable last week. Alt...

Tuesday, April 12, 2016

Tata Steel plans to joint venture with ThyssenKrupp

Tata Steel announced on March 29 that it would sell its United Kingdom steel mill after the company planned to talk with Germany ThyssenKrupp in Europe to set up joint ventures. But ThyssenKrupp group has not confirmed the joint venture plan, the group said...

Tuesday, April 12, 2016
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