steel trade news

KOSPI Ends at Highest Level So Far This Year - Digital Chosunilbo

Thu, 15 May 2008 19:05 GMT

Korea&os;s benchmark KOSPI index advanced 42 points to end the session at 1,886, posting its highest level so far this year. It was the most rapid ascension without a hitch Korea has seen in a while. This was largely due to alleviated worries about ...

China's Quake Boosts Dry Bulk Rates - Forbes

Thu, 15 May 2008 18:37 GMT

The 7.9-magnitude earthquake that devastated China&os;s Sichuan province on Monday has sent already-surging dry bulk shipping rates even higher over the last few days. The sentiment is that as the production of commodities and the ability to transport ...

Japan's GDP Grew More-Than-Estimated 3.3% on Exports (Update1) - Bloomberg

Thu, 15 May 2008 18:23 GMT

May 16 (Bloomberg) -- Japan&os;s economy grew faster than economists estimated last quarter as exports to Asia and emerging markets helped the nation weather the U.S. slowdown. Gross domestic product expanded an annualized 3.3 percent in the three ...

China's Quake Shakes Up Baltic Rates - Forbes

Thu, 15 May 2008 17:18 GMT

The devastating earthquake that rocked China&os;s Sichuan province on Monday sent already-surging dry-bulk shipping rates soaring over the last few days as investors speculated on what the impact will be on transportation companies. As the production of ...

Rio Tinto hits back at China in iron ore fight - Financial Times

Thu, 15 May 2008 17:04 GMT

Rio Tinto on Thursday night slammed Chinese steelmakers over increasingly aggressive negotiating tactics, after the China Iron & Steel Association called for its members to boycott the Anglo-Australian mining group’s spot sales of iron ore. The ...

Asian markets higher on Sony and Wall Street - Financial Times

Thu, 15 May 2008 17:04 GMT

Asia-Pacific equity markets were mostly higher on Thursday, with Sony taking centre stage on the Nikkei on the back of its better-than-expected outlook and substantial dividend hike. Asian markets were also cheered by benign inflation data out of the ...

Korean Stocks Cheap, May Gain on U.S. Rebound, Merrill Says - Bloomberg

Thu, 15 May 2008 16:49 GMT

May 16 (Bloomberg) -- South Korean stocks are cheap and may rally should the U.S. economy recover, said Merrill Lynch & Co.&os;s global emerging markets equity strategist. Merrill, which lists the nation as its top pick among Asian emerging markets, has ...

Nikkei at four-month closing high as confidence spreads - Reuters

Thu, 15 May 2008 16:42 GMT

TOKYO (Reuters) - Japan&os;s Nikkei stock average climbed 0.9 percent to a four-month closing peak on Thursday, led higher by growing market confidence symbolized by Sony Corp (6758.T: Quote , Profile , Research ), which had its greatest one-day gain in ...

Japan's Nikkei hits 4-month high led by Sony - Reuters

Thu, 15 May 2008 16:28 GMT

TOKYO, May 15 (Reuters) - Japan&os;s Nikkei average climbed 1.4 percent to a four-month high on Thursday and the broader Topix index rose 2 percent on a wave of positive sentiment set off by Sony Corp (6758.T: Quote , Profile , Research ), which rose ...

Nikkei at 4-mth closing high as confidence spreads - Reuters

Thu, 15 May 2008 16:28 GMT

TOKYO, May 15 (Reuters) - Japan&os;s Nikkei stock average climbed 0.9 percent to a four-month closing peak on Thursday, led higher by growing market confidence symbolised by Sony Corp (6758.T: Quote , Profile , Research ), which had its greatest one-day ...

Fuzzy note holds up steel goods exports - Daily News and Analysis

Thu, 15 May 2008 15:52 GMT

MUMBAI: Manufacturers of value-added steel products such as pipes and tubes, among others, are a troubled lot. On the one hand, an export duty of 5% to 10% implemented since May 10 has become a heavy burden, on the other, they are finding it hard to ...

Steel export levy to stay, no duty cut on crude: FM

Thu, 15 May 2008 15:30 GMT

The ministerâs comments have to be seen in the backdrop of steel secretary RS Pandeyâs claim that a proposal to rollback steel export cess was under ...

Save Write to Editor - Economic Times

Thu, 15 May 2008 15:02 GMT

NEW DELHI: Finance minister P Chidambaram has ruled out any cut in import duty on crude oil, arguing the move would not have a direct impact on retail prices of petrol and diesel. Indicating that the war on inflation would be a top priority, he also ...

Sutor Reports Third Fiscal Quarter 2008 Results - MSN MoneyCentral

Thu, 15 May 2008 14:33 GMT

DONGBANG TOWN, China, May 15, 2008 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited ("Sutor" or "the Company") SUTR , a leading provider of steel finishing fabrication products in China, today announced its unaudited financial ...

Brazil steel consumption revised higher - industry - Forbes

Thu, 15 May 2008 14:19 GMT

Brazil - RIO DE JANEIRO (Reuters) - Brazil&os;s steel industry raised its forecast for sales growth in the red-hot domestic market this year to over 13 percent from 10.7 percent, lowering export expectations and raising import projections. The Brazilian ...

Brazil steel consumption revised higher - industry - Guardian Unlimited

Thu, 15 May 2008 14:12 GMT

RIO DE JANEIRO, May 15 (Reuters) - Brazil&os;s steel industry raised its forecast for sales growth in the red-hot domestic market this year to over 13 percent from 10.7 percent, lowering export expectations and raising import projections. The Brazilian ...

May 2008 - Weekly Standard

Thu, 15 May 2008 14:12 GMT

As President Bush’s speech today continues to cause the Democratic party to spiral into spluttering, expletive-spewing fury, it’s worth taking a step back for a moment and asking what the reaction of the Israelis seated at the Knesset was to the ...

ADRs in Focus: South Africa index jumps - MSN MoneyCentral

Thu, 15 May 2008 13:22 GMT

Sappi Depository Receipt ( SPP ) Stock Quote , Chart , News , Add to Watchlist NEW YORK (AP) - An index of South African ADRs jumped Thursday afternoon, pulled higher in part by Sasol Ltd. after the oil and gas company&os;s stock hit an all-time high ...

Listed firms' profits to drop in FY08 / Rising fuel costs, weak dollar ... - Daily Yomiuri On-Line

Thu, 15 May 2008 12:25 GMT

Companies listed on the Tokyo Stock Exchange are expected to see their first drop in profits in seven business years this fiscal year, based on projections to date, according to research analysis. Corporate performances have been hit hard by the U.S ...

INTERVIEW-NYMEX expects steel futures launch this year

Thu, 15 May 2008 12:15 GMT

"We anticipate having steel futures launch for trading this year and we'll be making announcements very soon." Exchanges around the world have been racing ...