Mining cost for steel companies to go up

[Ferro-alloys.com] According to statistics data released, Korea imported 7.038 million tons of iron ore in July this year, an increase of 14.2% year on year. During January-July, the country imported a total of 43.083 million tons of iron ore, an increase of 0...

[Ferro-alloys.com] Poor pipes import demand from USA provoked decrease of export of 52% from the same month a year ago to Korea, the latest currently metric tons export are 134,900. This tendency of decrease from USA is cause slowdown in the global oil market....

[Ferro-alloys.com] According to Taiwan’s customs import data showed in August that Taiwan’s stainless steel hot-rolled imports were 80594 tons, an increase of 40% month on month; exports were 14835 tons, an increase of 15%.

[Ferro-alloys.com] According to the Malaysia trade statistics data released in June of this year, Malaysia’s scrap steel imports totaled 16,000 tons, down 80.8% year on year, down 65.6% month on month, for three consecutive months decreasing.

[Ferro-alloys.com] Japan iron and steel Association in August of this year announced that Japan exported 3.401 million tons of steel, down 3.8% month on month, and down 3.4% year on year.

[Ferro-alloys.com] Due to poor market demand in Europe continued to influence by gloomy global economic downturn and financial crisis, slowing down consumers of industries to buy Italy’s pipe.

[Ferro-alloys.com] Thailand iron and steel manufacturer Sahaviriya steel industries in United Kingdom subsidiary of Sahaviriya steel industries Ltd United Kingdom (SSI), as a result of falling steel prices affected its Redcar plant was located in the North of ...