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Chinese Copper Wire Prices Fall 0.7%

by wirelinks on 03/28/2013 - 01:29 am
Tag: Market Stats

Chinese copper wire saw the biggest price decline of the day, dropping 0.7 percent on March 26, 2013. The price of Chinese copper bar fell 0.5 percent. The Chinese copper cash price saw a0.5 percent decline. Following a two-day rise, the price of Chinese bright copper scrap flattened.

The price of US copper producer grade 122 fell 0.5 percent. The price of US copper producer grade 110 declined 0.5 percent. The price of US copper producer grade 102 weakened by 0.5 percent. The Japanese copper cash price remained essentially flat.

The copper 3-month price changed direction with a 0.2 percent drop. After two days of improving prices, the metal finished at $7,639 per metric ton on the LME. The ...

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Steel and Iron Inventories Have Been ...

by wirelinks on 10/25/2012 - 01:36 am
Tags: Market Stats, Press Release

Inventories of steel and iron ore have decreased since the beginning of September. The price of steel wire rod futures has increased by 10 percent, but the market is still far from a turning point.



Latest figures show that up to Oct. 19, inventories of iron ore at 30 major ports are 90.01 million tons, down 0.76 million tons compared to last week, reaching the lowest since the beginning of this year and down by 2.21 million tons compared with the same period last year.



For the steel inventories, five major steel products in 26 major markets totaled 12.7 million tons, dropping for the second consecutive week and decreased by 0.47 million tons. Inventories dro ...

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Japan Sept Copper Wire Sales Fall 3.3...

by wirelinks on 10/19/2012 - 09:07 pm
Tags: Market Stats, Press Release

Japan's copper cable shipments fell an estimated 3.3 percent in September from a year earlier to 57,200 tonnes, their first drop in five months, as demand from carmakers decreased for the first time in 14 months, an industry body reported.



After the government ended subsidies for environmentally-friendly cars on Sept. 21, new car sales fell 3.4 percent from a year earlier, data from the Japan Automobile Manufacturers Association Inc shows.

TATA Steel urges AD of at Least 20pct...

by wirelinks on 10/01/2012 - 05:35 am
Tags: Market Stats, Press Release

TATA Steel Plc has asked the government to impose anti dumping duties of at least 20% on steel wire from China as the company struggles to compete against subsidized imports that are as much as 14% cheaper than its own products in the local market.Mr Thana Reungsilasing VP of TATA Steel Plc said that Chinese steel wire is priced between THB 17,000 and THB 18,000 per tonne as compared to THB 21,000 for the domestic variety. He added that "Steel wire is our major product, accounting for about 40% of our total production capacity of 1.2 million tonnes a year."Chinese firms can sell steel wire at below Thai market prices because Beijing subsidizes the products in the form of export tax rebates o ...

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India’s Steel Output Rises in August ...

by wirelinks on 09/22/2012 - 12:44 am
Tags: Market Stats, Press Release

Global steel production fell slightly in August, the global industry body reported, but deeper cuts are necessary, especially in top producer China, to tackle falling prices as demand remains poor. India’s production was up 2.6 percent to 6.4 million tonnes.



Global crude steel production fell by 1 percent in August from the same month last year to 124 million tonnes, according figures released by the World Steel Association(Worldsteel).



“The mood in the steel market is very depressed at the moment and very few people want to think about building up inventories because the end users market is difficult,” said Peter Fish, managing director a ...

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Costs Pushing U.S. Metal, Chemical Ma...

by wirelinks on 09/12/2012 - 06:00 pm
Tags: Market Stats, Press Release

Makers of metal industrial components and chemicals are the manufacturers most likely to shift production back to the United States from Asia in the coming years due to the rising cost of shipping their products, according to an analysis by PricewaterhouseCoopers.



Higher shipping costs, coupled with lower energy prices at home that have resulted from a surge in U.S. natural gas production, will have an outsized effect on those industries since their factories use more energy than average and the heaviness of their products makes them costlier to ship, the study said.



"The energy story is certainly game-changing for manufacturers," said Bob McCutcheon, a part ...

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US Steel Mills to Hike Steel Wires Pr...

by wirelinks on 08/20/2012 - 05:13 pm
Tag: Market Stats

The US steel mills including Nucor, Gerdau Long Steel North America and Keystone have announced to raise the prices of steel wires by USD 70 to USD 80 per short ton for September 2012.


However, it's learned that some buyers were expecting for the price cut and taking wait and see attitude towards the market.


Nevertheless, industry sources said that the US steelmakers might continue to raise the prices further in the following two months due to tight supply and decreased import volumes.


Steel Wire and Bar Prices rise in Nor...

by wirelinks on 08/11/2012 - 02:54 am
Tags: Market Stats, Press Release

It is reported that the domestic prices of steel wire and bar increased by EUR 10 to EUR 15 per tonne in Nordic region over the past one month, driven by surged scrap prices.


The transaction prices of deformed steel bar produced in August 2012 are at EUR 510 to EUR 530 per tonne, higher than EUR 500 to EUR 515 per tonne one week earlier.


Also, the transaction prices of steel wire are at EUR 515 to EUR 535 per tonne, higher than EUR 505 to EUR 520 per tonne in July.

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 ...

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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.