Subscribe to RSS

Found 30 records | Page 1 of 3

China to Construct its Third West-to-...

by wirelinks on 07/31/2012 - 04:45 pm
Tag: Projects

State Grid Corporation of China (SGCC), will invest 23.86 billion yuan to ($3.79 billion) in the construction of a west-to-east ultra-high voltage direct current power transmission project, which is the third UHV DC power transmission project of the world’s second-biggest economy.

 

 

The construction will transport about 40 billion kilowatt-hours of electricity annually from Xiluodu Hydropower Station in Southwest China to Zhejiang after its scheduled completion in 2014, said Sun Jingmiao, chairman of Zhejiang Province’s Development and Reform Commission.

 

 

This will help save 12.28 million metric tons of standard coal, which means the cut of 34 milli ...

Read More

Jiuquan Iron and Steel Produces 85,00...

by wirelinks on 07/29/2012 - 06:07 pm
Tag: Press Release

It is reported that Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel in the first half of the current year its rolling plant produced 85,000 tonnes of 82B grade wire rod up 23,800 tonnes YoY.

 

In the given period, JISCO recorded an obvious increase in its special steel production, while in June alone special steel products accounted for 88.91% of total finished steel product output at its rolling plant.

 

 

JISCO's steel-based core activity covers mining, sintering, iron-making, steel making and steel rolling.  JISCO's income is ranked 161st among all China's companies and 80th among China's manufacturing companies in 2009.

Zamtel Says it has Completed Connecti...

by wirelinks on 07/27/2012 - 04:42 pm
Tag: Press Release

Zambia’s Zamtel has completed its fiber-optic connection to two submarine cables, the West Africa Cable System (WACS) and Sat-3, through Telecom Namibia in order to boost the country’s broadband capacity.

Zamtel, the country’s only total telecom solution service provider, said it is now able to deliver 600Mbps of Internet capacity to the Zambian customers, making access to fast Internet broadband even more affordable for all.

The Zamtel fiber network runs from Solwezi, Ndola, Lusaka, Livingstone and Sesheke in Namibia and eventually to the Western seaboard international undersea cables. Zamtel’s capacity is being used by mobile operators MTN and Airtel, as well as c ...

Read More

Expanding Production Facility Pays Of...

by wirelinks on 07/26/2012 - 05:33 pm
Tag: Press Release

Longhai Steel Inc is a leading producer of high-quality steel wire in eastern China, with an annual capacity of 1.5 million metric tons.

 

 

Longhai's wire is manufactured into screws, nails, and wire mesh used for fencing and to reinforce concrete. LGHS recently expanded its production facility to include specialized applications such as steel wire rope, steel strand, steel belted radial tires, and steel welding rod.

 

 

China isn’t going to stop growing and neither will its needs for wire components. In the Company’s Q1 numbers released in mid-May for the three months ended March 31, 2012 you get a sense of the ‘demand’ for steel wire produ ...

Read More

Encore Wire Reports Second Quarter Re...

by wirelinks on 07/26/2012 - 05:31 pm
Tag: Press Release

Encore Wire Corporation announced results for the second quarter and six months ended June 30, 2012.   Net sales for the second quarter ended June 30, 2012 were $264.7 million compared to $309.5 million during the second quarter of 2011. Lower prices for building wire sold in the quarter ended June 30, 2012 accounted for most of the decrease in net sales dollars, decreasing 13.2% per copper pound sold versus the same period in 2011.

 

 

Sales prices declined primarily due to lower copper prices, which dropped 14.1%. Unit volume in the second quarter of 2012 decreased 4.0% versus the second quarter of 2011. Unit volume is measured in pounds of copper contained in the c ...

Read More

Noranda Announces Rod Mill and Port E...

by wirelinks on 07/25/2012 - 11:10 pm
Tags: Press Release, Projects

Noranda Aluminum Holding Corporation announced plans to move forward on two capital projects—a $45 million investment to build a new rod mill and an $11 million investment to further expand harbor capacity at Port Rhodes in Discovery Bay, Jamaica.

 

 

“The new rod mill and the port expansion project are attractive to us because they provide avenues for revenue growth and increased productivity and because their value-creation is largely independent from LME aluminum prices,” said Layle K. (Kip) Smith, Noranda's President and Chief Executive Officer. "Redraw rod has been one of our strongest primary aluminum products in re ...

Read More

China Machinery Industry Growth Slows...

by wirelinks on 07/24/2012 - 03:12 pm
Tags: Market Stats, Press Release

China's machinery industry grew 9 percent in the first half of 2012 from a year earlier, slowing sharply from the 16.2 percent annual pace in 2011 as orders slackened, data from China's Machinery Industry Federation reported.

 

 

Machinery industry accounts for nearly a fifth of China's overall industrial output, which rose 9.5 percent in June from a year ago and grew 10.5 percent in the first half of this year.

 

 

"China's machinery industry faces the most severe situation this year following the global financial crisis in 2008," said Cai Weici, vice president of the Federation.   Orders of major machinery companies slipped 0.95 percent in the first hal ...

Read More

Japanese Mills Negotiate for Steel Wi...

by wirelinks on 07/23/2012 - 02:18 am
Tags: Market Stats, Press Release

It is reported that the Japanese blast furnace mills are having a price negotiation for steel wire with Asian buyers for August and September 2012 delivery.

 

It's known that the Japanese BF mills are seeking to raise the prices due to strong demand from automobile industry. However, the price rise is unfavorable to buyers as the steel wire prices have been falling in Asian market.

 

According to statistics, Thailand's May 2012 car outputs totaled 203,000 units, surging substantially by 105.3% YoY.

 

Meanwhile, Japan's steel wire exports to Indonesia soared by 26.4% MoM to reach 52,000 tonnes.

China’s Rising Steel Exports Undercut...

by wirelinks on 07/22/2012 - 11:02 pm
Tags: Market Stats, Press Release

China’s slowing demand for steel is driving Chinese exports of the metal to the highest level in more than three years, flooding the Asian market with supplies at a time when producers such as South Korea’s POSCO are grappling with thinning profits.

 

 

Europe used to soak up most of China’s steel exports, but the region’s protracted debt woes have forced producers like Baoshan Iron & Steel to turn their shipments to destinations closer to home. The wave of cheap Chinese exports has fuelled price undercutting among Asia’s top mills, which are expected to report profit slumps for the three months to June.

 

 

POSCO, backed by billio ...

Read More

3rd Quarter Profits Down for Insteel

by wirelinks on 07/21/2012 - 10:54 pm
Tag: Press Release

Insteel Industries earned $900,000 in the third quarter of its fiscal year, down from $3.7 million a year earlier, according to an earnings report. Net sales were down by 5.1 percent to $93.6 million.

 

 

The Mount Airy-based Insteel, which makes steel wire reinforcements used in concrete construction, said its profit margins decreased and shipments were lower in the quarter, with demand weakened by a still-slow construction sector. Capacity utilization was at 44 percent in the quarter, down from 46 percent in the second quarter of this fiscal year and 48 percent a year earlier.

 

 

CEO H.O. Woltz III said private construction is picking up, but there probably ...

Read More