Fri Jan 27, 2012
* MMK says finished steel output could jump 15 pct this year
* Says Russia steel consumption to grow faster than world avg
* Moscow analyst says steel prices bottomed Dec-Jan
* MMK Q4 crude steel output off 2 pct from Q3
MOSCOW, Jan 27 (Reuters) - Magnitogorsk Iron & Steel Works, Russia's third-largest steelmaker, said on Friday that 2012 finished steel output could increase by 15 percent from last year and that demand will be stronger at home than abroad.
"It is expected that steel consumption in Russia will grow in 2012 faster than the world at average," the company said.
"Steel consumption growth, realised investments in equipment modernisation and mastering of new products will help MMK to increase production of finished products in 2012 at its Russian facilities."
Analysts have noted some positive trends in steel demand recently, following price declines in the third quarter on weaker European demand and a decline in Chinese daily output.
"We believe that Russian export steel prices bottomed in December-January; they have increased $30-40/tonne (5-7 percent) year-to-date," Uralsib analyst Dmitry Smolin wrote in a note.
"Our understanding is that the steel price increases are a function of improved export and domestic demand, as well as restocking in Europe and other regions due to very low inventories."
Fourth quarter production at Russia's steel majors was largely flat compared to the previous quarter on seasonal demand factors at home and weak markets abroad.
Evraz, Russia's largest steel producer, said last week that fourth quarter crude steel volumes increased by 3 percent quarter-on-quarter.
MMK, controlled by billionaire Viktor Rashnikov, said fourth quarter output was 3.1 million tonnes, off 2 percent from the previous quarter.
Full year 2011 crude steel output reached 12.2 million tonnes, up from 11.4 million in 2010, the company also said.
(sourced Reuters)
Showing posts with label finished steel. Show all posts
Showing posts with label finished steel. Show all posts
Friday, January 27, 2012
Tuesday, October 18, 2011
Vietnam’s finished steel export volume up 44.5 percent in Jan-Sept
Tuesday, 18 October,2011
Pham Chi Cuong, chairman of the Vietnam Steel Association (VSA), has stated that Vietnam exported 1.87 million mt of finished steel in the first nine months of this year, up nearly 44.5 percent year on year.
In the first nine months of this year, the total value of Vietnam's steel finished exports reached $1.3 billion. The increasing volume of Vietnam's steel exports is a positive sign for the local steel industry in which supply is currently double demand, the VSA chairman said.
In the first nine months, the steel billet exports of Vietnam totaled 285,600 mt. The value of steel billet, steel tube, steel coil, stainless steel and steel bar exports from Vietnam all increased sharply in the given period.
The VSA chairman said the association is cooperating with many domestic steel enterprises to help boost their steel export volumes.
Tags: billet , pipe , plate , stainless , longs , flats , semis , tubular , stainless , Viet Nam , Southeast Asia , imp/exp statistics , East Asia and Pacific
Pham Chi Cuong, chairman of the Vietnam Steel Association (VSA), has stated that Vietnam exported 1.87 million mt of finished steel in the first nine months of this year, up nearly 44.5 percent year on year.
In the first nine months of this year, the total value of Vietnam's steel finished exports reached $1.3 billion. The increasing volume of Vietnam's steel exports is a positive sign for the local steel industry in which supply is currently double demand, the VSA chairman said.
In the first nine months, the steel billet exports of Vietnam totaled 285,600 mt. The value of steel billet, steel tube, steel coil, stainless steel and steel bar exports from Vietnam all increased sharply in the given period.
The VSA chairman said the association is cooperating with many domestic steel enterprises to help boost their steel export volumes.
Tags: billet , pipe , plate , stainless , longs , flats , semis , tubular , stainless , Viet Nam , Southeast Asia , imp/exp statistics , East Asia and Pacific
Sunday, September 11, 2011
China steel products output up 13 pct on yr - stats bureau
Sept11, 2011
SHANGHAI(Reuters) - China, the world's top steel-producing country, produced a total of 77 million tonnes of finished steel products in August, up 12.9 percent from a year earlier, data from the National Bureau of Statistics showed on Friday.
China produced 75.7 million tonnes of finished steel products in July. (sourced Reuters)
SHANGHAI(Reuters) - China, the world's top steel-producing country, produced a total of 77 million tonnes of finished steel products in August, up 12.9 percent from a year earlier, data from the National Bureau of Statistics showed on Friday.
China produced 75.7 million tonnes of finished steel products in July. (sourced Reuters)
Wednesday, March 16, 2011
Iran produces 11 million tonnes of crude steel in 11 months
Wednesday, 16 Mar 2011 |steel orbis
Iran's Ministry of Industries and Mines has announced that state owned steel plants in Iran produced 10.752 million tonnes of crude steel in the first 11 months of the current Iranian year up 11% YoY.
In the same period, Iran's state owned steel plants also produced 1.845 million tonnes of beams, 3.013 million tonnes of rebar, 5.338 million tonnes of hot rolled coil and about 401,000 tonnes of other finished steel products.
Iran's Ministry of Industries and Mines has announced that state owned steel plants in Iran produced 10.752 million tonnes of crude steel in the first 11 months of the current Iranian year up 11% YoY.
In the same period, Iran's state owned steel plants also produced 1.845 million tonnes of beams, 3.013 million tonnes of rebar, 5.338 million tonnes of hot rolled coil and about 401,000 tonnes of other finished steel products.
Wednesday, March 2, 2011
Macroeconomic indicators - Index of six core industries for January 2011
Wednesday, 02 Mar 2011
The Index of Six core industries having a combined weight of 26.7% in the Index of Industrial Production with base 1993-94 stood at 295.6 (provisional) in January 2011 and registered a growth of 7.1% (provisional) compared to 9.8% registered in January 2010. During April-January 2010-11, six core industries registered a growth of 5.6% (provisional) as against 5.5% during the corresponding period of the previous year.
Crude Oil
Crude Oil production (weight of 4.17% in the IIP) registered a growth of 10.8% (provisional) in January 2011 compared to a growth rate of 9.8% in January 2010. The Crude Oil production registered a growth of 11.9% (provisional) during April to January 2010-11 compared to (-) 0.1% during the same period of 2009-10.
Petroleum Refinery Products
Petroleum refinery production (weight of 2.00% in the IIP) registered a growth of 8.7% (provisional) in January 2011 compared to growth of 3.8% in January 2010. The Petroleum refinery production registered a growth of 2.4% (provisional) during April to January 2010-11 compared to (-) 0.5% during the same period of 2009-10.
Coal
Coal production (weight of 3.2% in the IIP) registered a growth of (-) 1.2% (provisional) in January 2011 compared to growth rate of 5.4% in January 2010. Coal production grew by 0.8% (provisional) during April to January 2010-11 compared to an increase of 8.0% during the same period of 2009-10.
Electricity
Electricity generation (weight of 10.17% in the IIP) registered a growth of 9.3 % (provisional) in January 2011 compared to growth rate of 6.4% in January 2010. Electricity generation grew by 5.0% (provisional) during April to January 2010-11 compared to 5.9% during the same period of 2009-10.
Cement
Cement production (weight of 1.99% in the IIP) registered a growth of 1.8% (provisional) in January 2011 compared to 12.4% in January 2010. Cement Production grew by 4.1% (provisional) during April-January 2010-11 compared to an increase of 11.1% during the same period of 2009-10.
Finished (carbon) steel
Finished (carbon) Steel production (weight of 5.13% in the IIP) registered a growth of 8.2% (provisional) in January 2011 compared to 16.8% (estimated) in January 2010. Finished (carbon) Steel production grew by 7.8% (provisional) during April-January 2010-11 compared to an increase of 5.7% during the same period of 2009-10.
The Index of Six core industries having a combined weight of 26.7% in the Index of Industrial Production with base 1993-94 stood at 295.6 (provisional) in January 2011 and registered a growth of 7.1% (provisional) compared to 9.8% registered in January 2010. During April-January 2010-11, six core industries registered a growth of 5.6% (provisional) as against 5.5% during the corresponding period of the previous year.
Crude Oil
Crude Oil production (weight of 4.17% in the IIP) registered a growth of 10.8% (provisional) in January 2011 compared to a growth rate of 9.8% in January 2010. The Crude Oil production registered a growth of 11.9% (provisional) during April to January 2010-11 compared to (-) 0.1% during the same period of 2009-10.
Petroleum Refinery Products
Petroleum refinery production (weight of 2.00% in the IIP) registered a growth of 8.7% (provisional) in January 2011 compared to growth of 3.8% in January 2010. The Petroleum refinery production registered a growth of 2.4% (provisional) during April to January 2010-11 compared to (-) 0.5% during the same period of 2009-10.
Coal
Coal production (weight of 3.2% in the IIP) registered a growth of (-) 1.2% (provisional) in January 2011 compared to growth rate of 5.4% in January 2010. Coal production grew by 0.8% (provisional) during April to January 2010-11 compared to an increase of 8.0% during the same period of 2009-10.
Electricity
Electricity generation (weight of 10.17% in the IIP) registered a growth of 9.3 % (provisional) in January 2011 compared to growth rate of 6.4% in January 2010. Electricity generation grew by 5.0% (provisional) during April to January 2010-11 compared to 5.9% during the same period of 2009-10.
Cement
Cement production (weight of 1.99% in the IIP) registered a growth of 1.8% (provisional) in January 2011 compared to 12.4% in January 2010. Cement Production grew by 4.1% (provisional) during April-January 2010-11 compared to an increase of 11.1% during the same period of 2009-10.
Finished (carbon) steel
Finished (carbon) Steel production (weight of 5.13% in the IIP) registered a growth of 8.2% (provisional) in January 2011 compared to 16.8% (estimated) in January 2010. Finished (carbon) Steel production grew by 7.8% (provisional) during April-January 2010-11 compared to an increase of 5.7% during the same period of 2009-10.
Thursday, February 24, 2011
US imports 2,048,000 nt of steel in January
Thursday, 24 February 2011
The American Iron and Steel Institute (AISI) announced Wednesday that based on preliminary US Census Bureau data, the US imported 2,048,000 net tons (nt) of steel in January, including 1,632,000 nt of finished steel, up 10 and 8 percent, respectively, from December data. Import market share for finished steel products was approximately 21 percent last month, up 1 percent from December.
The most significant month-over-month increases of imported finished steel products are reinforcing bar (up 44 percent), wire rod (up 34 percent), as well as standard pipe (up 38 percent), line pipe (up 34 percent), and oil country goods (up 24 percent).
The largest volumes of finished steel imports from offshore were from South Korea (213,000 nt and up 9 percent), Japan (126,000 nt up 23 percent), Germany (78,000 nt and up 20 percent) and Australia (74,000 nt and up78 percent).
Tags: rebar , wire rod , pipe , longs , tubular , USA , Germany , Australia , Japan , Korea S. , Oceania , Europe , Far East , North America , imp/exp statistics , trading , East Asia and Pacific , European Union
The most significant month-over-month increases of imported finished steel products are reinforcing bar (up 44 percent), wire rod (up 34 percent), as well as standard pipe (up 38 percent), line pipe (up 34 percent), and oil country goods (up 24 percent).
The largest volumes of finished steel imports from offshore were from South Korea (213,000 nt and up 9 percent), Japan (126,000 nt up 23 percent), Germany (78,000 nt and up 20 percent) and Australia (74,000 nt and up78 percent).
Tags: rebar , wire rod , pipe , longs , tubular , USA , Germany , Australia , Japan , Korea S. , Oceania , Europe , Far East , North America , imp/exp statistics , trading , East Asia and Pacific , European Union
Monday, February 21, 2011
Dazhou Steel to produce 3 million tonnes of finished steel in 2011
Monday, 21 Feb 2011
(Sourced from www.steelorbis.com)
It is reported that Sichuan Province based Chinese steel producer Dazhou Iron and Steel in 2011 aims to produce 3.1 million tonnes of finished steel and achieve sales revenues of CNY 21.5 billion.
In January this year, Dazhou Steel produced 274,519 tonnes of crude steel up by 87.58%. The steel maker's finished steel output in January amounted to 314,100 tonnes while its sales revenues for the month came to CNY 1.29 billion
Dazhou Steel also stated that in 2010 it upgraded its production facilities, with its converter No 2 and converter No 3 both of 120 tonnes capacity starting production in April and October respectively. As a result, Dazhou Steel can now produce 3.0 million tonnes to 3.5 million tonnes of crude steel per year.
In January this year, Dazhou Steel produced 274,519 tonnes of crude steel up by 87.58%. The steel maker's finished steel output in January amounted to 314,100 tonnes while its sales revenues for the month came to CNY 1.29 billion
Dazhou Steel also stated that in 2010 it upgraded its production facilities, with its converter No 2 and converter No 3 both of 120 tonnes capacity starting production in April and October respectively. As a result, Dazhou Steel can now produce 3.0 million tonnes to 3.5 million tonnes of crude steel per year.
(Sourced from www.steelorbis.com)
Sunday, February 20, 2011
Fangda Special Steel records 819pct growth in 2010 operating profit
Sunday, 20 Feb 2011
It is reported that Fangda Special Steel Technology Co Ltd. achieved operating income of CNY 12.16 billion up by 10.97%YoY in 2010. The net profit of its holding company at CNY 300 million was up 818.18%YoY and earnings per share hit CNY 0.23.
In 2010, the company produced pig iron 2.35 million tonnes rising by 1.56%YoY, crude steel 2.57 million tonnes up by 1.85%YoY, finished steel of 2.56 million tonnes up by 2.71%YoY respectively.
In 2011, the company production and operating target is to realize sales revenues of CNY 1.2 billion as well as to yield out pig iron, crude steel and finished steel of 2.28 million, 2.52 million, 2.6 million tones respectively.
(Sourced from MySteel.net for real time access to China steel news!)
It is reported that Fangda Special Steel Technology Co Ltd. achieved operating income of CNY 12.16 billion up by 10.97%YoY in 2010. The net profit of its holding company at CNY 300 million was up 818.18%YoY and earnings per share hit CNY 0.23.
In 2010, the company produced pig iron 2.35 million tonnes rising by 1.56%YoY, crude steel 2.57 million tonnes up by 1.85%YoY, finished steel of 2.56 million tonnes up by 2.71%YoY respectively.
In 2011, the company production and operating target is to realize sales revenues of CNY 1.2 billion as well as to yield out pig iron, crude steel and finished steel of 2.28 million, 2.52 million, 2.6 million tones respectively.
(Sourced from MySteel.net for real time access to China steel news!)
Subscribe to:
Posts (Atom)
Posts
