Metal & Oil & Gas News – Nctv.net

The main sea freight index at Baltic Exchange for bigger vessels dropped to 751 points on Friday for the first time this week on weaker capesize and panamax segments. The overall index, which factors in average daily earnings of capesize, ...

China’s leading steelmaker has estimated national crude steel output in 2013 at 822 million tonnes, nearly 6 percent above official data, suggesting the country’s supply glut is worse than previously estimated. The figure given in a speech published on Monday by Xu ...

As a lot more kinds of plastic and composite plastic systems type in the market stainless steel pipes become less prevalent. While you’ll find merits to plastic pipes, stainless steel pipes still have some important qualities that plastic won’t be ...

According to data released by China customs, the country’s exports of welded pipes totaled 318,879 tonnes in June, falling by 7% from a month and also decreasing by 7% YoY. In the first half of this year, China’s exports of ...

Tuoitre News cited Mr Pham Chi Cuong chairman of the Vietnam Foundry and Metallurgy Science and Technology Association as saying that the volumes of raw iron ore illegally exported to China have been on the rise since 2013, hugely affecting ...

Steel manufacturers are denying allegations that domestic steel prices have been increasing unreasonably, as claimed by housing developers. Mr Nava Chantanasurakon deputy managing director of Sahaviriya Steel Industries said that “Hot rolled steel is on the Commerce Ministry’s price control ...

China’s apparent steel demand in the first six months of 2014 rose just 0.4 percent from a year earlier, the country’s steel association said on Friday, significantly lagging a growth in output as chronic overcapacity continued to hurt the sector. ...

The volume of thick plate imports from China is rapidly on the rise, putting further pressure on the domestic steel makers already suffering from low profitability. According to the Korea Iron & Steel Association on July 30, the total imports of thick ...

The segment recorded an operating profit of EUR 245 million for the Q2 2014. This compares with an operating profit of EUR 58 million in Q1 2014 and an operating loss of EUR 143 million for Q2 2013, when results ...

Euro News reported that Employees at Italy’s largest stainless steel plant blocked the motorway between Milan and Naples for several hours on Thursday. The A1 is the most important main road in Italy. Workers are angry at plans by German ...