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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 …

Hanjin Shipping takes delivery of 2nd of eight 13,100-TEU containerships

HANJIN Shipping has taken delivery of the 13,100-TEU Hanjin Sooho, which is the first in a series of eight same-sized vessels built by Hyundai Heavy Industries. A report by Alphaliner said the containerships were originally contracted by Muenchmeyer Petersen & Co (MPC) in February 2008, …

Global Maritime Containerization Market to Reach 731 Million TEUs by 2017, According to New Report by Global Industry Analysts, Inc.

Shipping containers represent the core of a highly automated system for transit of goods. Although humble in appearance, shipping containers also known as maritime containerization, is the greatest invention of the modern era responsible for slashing transportation costs to all time low and for triggering …

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 …

Breakbulk, general cargo resurgent, but desperate box ships want in

BREAKBULK and general cargo, consigned to the dustbin of history by the container revolution, has enjoyed a resurgence in recent times with a mini-boom in project and heavy lift shipping – but desperate containerships are proving to be versatile rivals, says a Drewry report. “Project …

Asia-Europe freight rates rise again, soaring 21pc to US$1,660/TEU

ASIA-EUROPE freight rates have once again risen after a brief hiatus over the past two weeks, as spot rates on the trade last week increased 21 per cent to US$1,660 per TEU, according to the latest data from the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean …

Large containerships flood market

A deluge of enormous containerships has recently flooded the market as ships held back at yards during the downturn are being delivered at last, adding capacity in an already overtonnaged scenario, according to Exim News Service. China Shipping Container Lines (CSCL) has taken delivery of …

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 …