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MOC: Average steel prices in China border down on Aug 29-Sept 4

China's Ministry of Commerce (MOC) has actually revealed that during the August 29-September 4 duration this year the general average finished steel cost in China proceeded a down trend.In the provided period, the ordinary costs of high-spee...


United States and Canadian rig counts decrease week-on-week

Baker Hughes has actually reported that for the week ending September 9, 2022, the United States rotary gear count lowered by one to 759 rigs.The variety of rigs drilling for gas enhanced by four to 166, while the number of gears piercing fo...


US issues preliminary results of AD evaluation on light walled rectangular pipelines from China

The US Division of Commerce (DOC) has actually introduced the preliminary outcomes of its management review of the antidumping obligation order on light walled rectangle-shaped pipelines and tubes from China.During the evaluation duration fr...


Joblessness in Turkey drops to 10.1% in July

According to the statistics released by the Turkish Statistical Institute (TUIK), the joblessness price in Turkey dropped by 1.4 percentage factors year on year to 10.1 percent in July this year and also by 0.3 percentage points when compare...


Shanxi to secure down on construction and growth of high-pollution steel as well as coking projects

China's Shanxi District intends to secure down on the building and construction as well as expansion of high-pollution projects in the steel as well as coking markets, aiming to enhance air quality, water quality as well as minimize soil con...


China's steel industry PPI declines by 15.1 percent in August

In August this year, China's producer consumer price index (PPI) for its ferrous steel smelting and rolling field declined by 15.1 percent year on year, with the declining rate 5.6 percentage factors quicker contrasted to that recorded in Ju...


Thyssenkrupp to spend in very first straight reduction plant in Duisburg

Germany-based steelmaker Thyssenkrupp has revealed that it will certainly invest even more than EUR2 billion in the building of the very first direct reduction plant at the Duisburg site for low-carbon steel production.The plant which will c...


Turkish car output up 2.3 percent in January-August

In August this year, Turkey's car outcome amounted to 92,625 devices, declining by 13.3 percent year on year and by 1.1 percent month on month, according to the month-to-month stats released by the Turkish Automotive Manufacturers' Organizat...


Intel begins construction of two new semiconductor chip plants in Ohio

US-based Intel has started building of two brand-new semiconductor chip plants in Ohio with the flow of the CHIPS & Science Act, which includes a $76 billion government financial investment to spur domestic semiconductor production, accordin...


Turkey's pig iron imports up 46.7 percent in January-July

In July this year, Turkey's pig iron imports amounted to 129,413 mt, up 75.6 percent year on year and also lowering by 36.2 percent compared to June, according to the information given by the Turkish Statistical Institute (TUIK). The total v...