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All Stories in Steel

Feng Hsin to cut rebar prices by TWD 300 a tonne

Feng Hsin, one of the major rebar producers in Taiwan, has decided to cut rebar prices by TWD 300 per tonne to TWD 21,000 per tonne for this week, in response to the changed electricity policy. It’s known that the Taiwanese government announced to change …

Why is a home built from steel better than a wood or brick home?

Now this is an interesting piece of news. If it’s that great, what took us so long to realise that steel home is better?   =quote= Here is a discussion of the advantages of using steel as a construction material. If you are thinking about …

MISIF and MSA call for government regulation on steel imports

Previously split between the Malaysian Iron & Steel Industry Federation and Malaysia Steel Association, players in the country’s steel industry are joining forces to seek the government’s aid to regulate the mechanism on imported steel products into Malaysia. Mr Chow Chong Long president of MISIF …

Global steel billet market roundup from MEPS

UK based MEPS said that in China, average provincial billet transaction values increased by approximately 3% in March 2012. Traders have struggled to liquidate their expensive inventory. Re rollers has adopted more conservative procurement strategies. MEPS sources assert that domestic billet quotations in the April …

Southeast Asian HRC import prices continues to rise

Recently, Southeast Asia’s imports prices of hot rolled coil have continued to rising, driven by recovering demand and better economy. The steel mills in China, South Korea and Japan have been hiking quotes. At present, China’s quotes of common HRC are at USD 650 to …

Malaysian domestic steel demand to gain momentum in H2 2012

It is reported that Malaysia’s domestic steel demand is expected to gain momentum moving into the second half of 2012 as the nation steps up on infrastructure activities with particular emphasis to the imminent roll out of the various projects under the Economic Transformation Program …

Mining sector is making a big comeback in Malaysia

After the collapse of the tin market in the 1980s, the local mining operation has been carried out in a rather ambiguous manner. But, mining is now making a big comeback. Over the past three to four years, there has been a significant increase in …

Weak outlook seen for Malaysian steel industry in H1 2012

It is reported that Malaysian local steel companies are expected to face a squeeze in their margins and earnings in the first half of 2012 due to the challenging outlook in the domestic and global front. According to market analysts, industry players would encounter weak …

Jakarta importer could face up to 15 years in prison for smuggling hazardous scrap steel

The Jakarta Globe reported that customs officials have seized 113 containers of imported scrap steel that they contend is actually hazardous waste and for which the importer could face up to 15 years in prison for smuggling. During an inspection of the containers at Tanjung …