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Overcapacity And Low Oil Prices Have ...

by wireworld on 10/20/2016 - 10:20 am
Tag: Market Stats

Overcapacity and low oil prices have affected global steel players, with Russia and the CIS region being the worst hit.

At the Arab Steel Summit 2016 in Dubai, steel producers from the region came together to discuss issues related to overcapacity, slump in oil and iron ore prices, and increasing production costs.

All major players agree that excess capacity is one of the main concerns the steel market is facing, China still being one of the largest producers in the world.

The global growth of the rebar market decreased in the second half of 2015 compared to the same year in 2014, said Annalisa Villa, team leader news EMEA, Platts Steel Business Brief – UK. “The main reas ...

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China Steel Raises Domestic Steel Pri...

by wireworld on 05/28/2016 - 04:35 pm
Tags: Market Stats, Press Releases

China Steel Corp. (中鋼), the largest steel maker in Taiwan, has raised its wholesale prices for July-August deliveries by more than 10 percent after a similar hike for June contracts in reflection of an uptrend in international steel product prices.In a meeting held Friday, China Steel decided to raise its domestic wholesale prices by NT$1,701 (US$52.18) or 10.3 percent per ton on average for deliveries scheduled in July and August.In April, China Steel hiked product prices in the local wholesale market by 10.5 percent per ton on average for June contracts, following a 3.1 percent increase for April-May contracts and a 2.3 percent hike for March deliveries.China Steel said that with internati ...

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Japanese Blast Furnace Mills Eying Wi...

by wireworld on 11/16/2014 - 07:22 pm
Tags: Market Stats, Press Releases

TEX reported that the Japanese blast furnace mills are expected to commence negotiations on steel wire rods for Asia for shipments of the next quarter (January March next year) as early as mid November. At present, they are studying their offer prices, and as a feeling, they are on track to request to recover the past adjusted price (a decrease in price). Attention is paid to how much they request a price recovery. Customers requested to lower prices corresponding to a price drop of iron ore being raw materials for a blast furnace in negotiations for shipments of this quarter against the Japanese mills. Responding to this request, there were cases of prices to be adjusted in certain areas bu ...

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Prysmian Beats Nexans to Pole Positio...

by wireworld on 09/19/2014 - 07:08 pm
Tags: Market Stats, Press Releases

Prysmian Group has beaten Nexans, Sumitomo Electric and General Cable to the top spot in a new independent ranking of 100 global wire and cable manufacturers by revenue*. According to Integer Research's newly published Top 100 Wire & Cable Producers Database, Prysmian's insulated wire and cable revenues reached US$9.6 billion in 2013. Prysmian has remained the global number one since its acquisition of Draka in 2011. Nexans cable revenues for the same period were not far behind, so competition between these two heavyweights is hotting up, while Sumitomo Electric came in a close third as its revenues reached US$6 billion.

Integer Research's new Database details wire and cable revenues (U ...

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Taihan Electric Wire Wins $34 Mil. Ca...

by wireworld on 04/22/2014 - 06:19 pm
Tags: Market Stats, Press Releases

The share price of Taihan Electric Wire Co. has been on an upward trend on the news of large orders from the United States.  April 21, the shares of Taihan Electric Wire were traded at 2,255 won, up 5.37 percent from the previous trading day's 2,140 won. 

The company said on the same day it won three orders totaling US$34 million, including a   275-kV cable order from Los Angeles Department Water & Power ($24 million), a 230-kV substation construction project in New Jersey ($8 million), and a 230-kV project from San Diego Gas & Electric.

 

Of these, the Los Angeles project involves supplying stranded wire insulation cables, the biggest of its kind in the United ...

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Japan Copper-Cable Shipments Climb to...

by wireworld on 11/20/2013 - 07:08 pm
Tags: Market Stats, Product Release

Japan’s copper wire and cable shipments expanded 11 percent in October to the highest level in five years as demand from home and overseas markets increased, said an industry group.

Shipments totaled 66,400 metric tons last month, compared with 60,046 tons a year earlier, the Japanese Electric Wire & Cable Makers’ Association said today in a statement, citing preliminary data. Deliveries were 59,969 tons in September, up 4 percent from a year earlier.

Japan’s total exports grew 18.6 percent in October, exceeding the median estimate of 16.2 percent in a Bloomberg survey. The nation posted its biggest October trade deficit on record after costs for imported fuel surged ...

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Japan Copper-Cable Shipments Rise to ...

by wireworld on 08/21/2013 - 12:50 am
Tags: Market Stats, Press Releases

Japan’s copper wire and cable shipments increased 3.8 percent in July from a year earlier to the highest level since November as demand from the construction and electric-machinery industries gained, an industry group reported.

Shipments totaled 61,800 metric tons last month, compared with 59,533 tons a year earlier, the Japanese Electric Wire & Cable Makers’ Association said today in a statement. Deliveries were 54,087 tons in June, down 5.6 percent from a year earlier.

Japan’s overall exports jumped by the most since 2010 in July, aiding Prime Minister Shinzo Abe’s efforts to drive an economic recovery even as rising energy costs boosted the trade deficit. The ...

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Investors Hope for an Uptick in Coppe...

by wireworld on 08/01/2013 - 03:45 pm
Tags: Market Stats, Press Releases

With  copper prices  weighed down by a supply glut, Shanghai Metals Market (SMM) is holding a conference on September 5-6 in Ningbo to provide a unique view into copper price trends in autumn 2013.

Some 50% of China’s copper demand is consumed by wire and cable producers. The latest SMM survey revealed that average operating rate at China’s wire and cable makers rose by 8.44% YoY to 82.55% in July, though was 2.15% lower MoM. This presages an upturn in wire and cable industry pulled by power grid investment against the backdrop of slowing economic growth in the nation.

China’s investment in power grid climbed by 19.1% YoY to 1 ...

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Demand for Insulated Wire, Cable to E...

by wireworld on 07/08/2013 - 04:54 pm
Tags: Market Stats, Press Releases

US demand for insulated wire and cable is projected to increase 5.8 percent per year through 2017 to $29.2 billion, recovering from declines during the 2007-2012 period, according to a study from The Freedonia Group Inc., a Cleveland-based industry market research firm.

Building construction, particularly new housing, will drive demand for many types of wire and cable, including building, electronic, and power wire and cable products. In addition, upgrades to the aging US power transmission and distribution network will stimulate gains for power wire and cable and a turnaround in motor vehicle production will benefit advances for primary, ignition, and battery wire and cable.

Fiber optic c ...

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Japan Copper and Cable Shipments Adva...

by wireworld on 06/25/2013 - 04:42 pm
Tags: Market Stats, Press Releases

Japan’s copper wire and cable shipments climbed 2.1% in May 2013 from a year earlier increasing for the first time in 6 months on a pick up in deliveries to construction companies.The Japanese Electric Wire & Cable Makers’ Association said that an industry group said that shipments totaled 54,200 tonnes last month compared with 53,067 tonnes a year earlier. Deliveries were 54,945 tonnes in April down 1.9% from a year earlier.A Finance Ministry report showed that Japan’s total exports rose more than forecast in May as Prime Minister Mr Shinzo Abe’s stimulus, dubbed as Abenomics weakened the yen against the dollar. At the same time, the nation’s trade bal ...

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