Equipment
Vale to cut iron ore price by 10%
Brazilian miner Companhia Vale do Rio Doce (RIO) is sticking to its late January offer of a 10% cut in 2009 iron ore contract prices, but Chinese steel mills are holding out for much steeper cuts, a senior industry official said Thursday. Vale is wil...
2009-02-20 10:57:01
China's steel output for shipbuilding tops 20m tons
China's annual shipbuilding steel production broke the 20 million-ton barrier. According to statistics released by the China Iron & Steel Association (CISA), Chinese steelmakers produced a total of 20,140,600 tons of steel in 2008, up 62% from 12,429...
2009-02-20 07:53:20
MAN Diesel faces 20% order cancellations
MAN Diesel, the engine making arm of Germany’s Man AG, could see up to 20% of its ship engine orderbook cancelled as it faces a difficult year. The news came as the parent group reported its annual figures for 2008, showing operating profits up 11%...
2009-02-20 07:17:20
Steel prices recovery may come at year end
It is reported that China's steel prices have reversed the nine straight months uptrend since last year end and stepped downward course since last week with prices falling CNY 200 per tonne the most. And yesterday, prices for flats and wire rod drop ...
2009-02-19 14:17:07
Japan's steel output hits 40-year low
Japan's steel output has dropped to its lowest level since the late 1960s. About 60 per cent of Japan's iron ore is imported from Australia and in recent months Japanese steel-makers have been slashing production to cope with a massive fall in demand...
2009-02-19 13:33:11
China-Korean SBQ plate deal
It is reported that China's integrated steelmakers have entered the final stages of negotiations on their deals of ship plate exports to South Korea's various shipbuilding companies for shipments in the April-June quarter of 2009. Speculation is aflo...
2009-02-19 09:37:01
Japan-Korean SBQ plate deal
A major integrated steel company of Japan has settled its ship plate export deal at around USD 700 per ton FOB with a major shipbuilding company of South Korea for shipments in April to September 2009. What price level would be settled between the tw...
2009-02-19 09:35:59
Engine makers focusing on productivity enhancement
Dedicated engine manufacturers in Japan have been making record-high equipment investments in recent years. Uncertainty is now growing over the future market resulting from conspicuously slowing down orders of late, but these engine makers intend to ...
2009-02-18 09:03:25
Stimulus plans for shipbuilding to help steel industry
It is reported that the lately released revitalization plan on ship industry will spur steel industry's rebound and help steelmakers overcome recent crunch. Data shows the world will consume 15 million tonnes of steel products, if global shipbuild...
2009-02-18 08:08:08
More drop, More profitability: Steel price
Shipbuilders are increasingly pinning hopes on the declining trend of shipbuilding steel prices after struggling with high prices for three years as it may contribute to bettering their profitability. However, they are well aware that plunging raw...
2009-02-17 13:26:23
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