China’s Steel Industry Is In Need of Radical Reform.

China’s steel industry is in need of radical reform. It has become bloated. Similar occurrences developed in North America, Europe and Japan in the latter part of the last century. In all cases, to solve the problem it was necessary ...

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Iron ore exports dip as price rebounds

IRON-ORE exports leaving Australia’s largest bulk-commodity port declined last month on weaker shipments to not only China, but other key buyers such as Japan. The iron-ore price, meanwhile, has pushed back above $US96 a tonne and hit its highest point ...

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The Classification and Advantages of Ball Valve

The Classification and Advantages of Ball Valve

Ball Valve supplier is often a valve which makes use of a ball creating a round channel because the rasing and lowering piece, plus the ball can comprehend opening and shutting along with the rotation together with the valve rod. The ...

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Higher rates for bigger vessels push up Baltic index to 894 points

The main sea freight index at Baltic Exchange for bigger vessels advanced to 894 points on Tuesday due higher rates for bigger vessels. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk ...

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Large scale mine closures in China may lift iron ore prices: Citigroup

Iron ore prices are likely to rebound as closure of high-cost output supplying mines in China may boost demand for seaborne shipments, said Citigroup in its latest study report. According to Citigroup analyst, local suppliers are seen cutting production. Iron ...

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Price volatility unsettles buying sentiment in several emerging Steel markets

MEPS BRIC average flat product carbon steel transaction prices, measured in US dollars, increased in June – despite reductions recorded in Brazil and China. Average figures for the long products declined – irrespective of recoveries in Russia and India. Purchasing ...

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US Weekly raw steel output declined 0.9% over the week: AISI

As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production in the country decreased by 0.9% during the week ended June 28th. The total raw steel output during the week ending June 28th ...

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Gold Prices Spike to 3-Month High, “Chunky ETF Buying” Cited But Asian Traders Sell

Gold prices began the back-half of 2014 spiking to 3-month highs overnight in Asian trade Tuesday, touching $1332 per ounce as the US Dollar fell on the currency market. Easing back as world stock markets pushed higher, gold prices held below last ...

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Global steel and aluminium in joust for auto space

Business Standard reported that the geographical shift in steelmaking capacity to emerging economies since the 70s has now picked up greater force in the automobile sector. In the global steel production of 1.607 billion tonnes in 2013, the share of ...

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Chinese market remains indolent with increasing production and inventory

Steel market in China has maintained customary downtrend losing another 2% in June. With no signs of any turnaround in vicinity it calls for no prophecy to verdict new lows in coming month. According to the China Iron and Steel ...

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