According to the statistics provided by the Istanbul Mineral and Metals Exporters' Association (IMMIB), in January this year Turkey's total hot rolled flat steel exports amounted to 29,897 metric tons, decreasing by 60.15 percent year on year but up 27.66 percent month on month. Meanwhile, the revenue generated by these exports totaled $19.37 million, declining by 45.01 percent compared to January 2009 and up 21.31 percent month on month. Turkey's top ten hot rolled flat steel export destinations in January 2010:
Country Volume (mt)
Spain 4,561
Greece 4,527
Kayseri Free Trade Zone (Turkey) 3,152
Nigeria 3,129
Mersin Free Trade Zone (Turkey) 2,103
Syria 1,757
Tunisia 1,750
Brazil 1,596
Ethiopia 1,342
Saudi Arabia 1,053
http://hectorhec.jimdo.com
viernes, 12 de febrero de 2010
EU-27 industrial production drops 1.9 percent in Dec 2009
Seasonally-adjusted industrial production in the European Union member states (EU-27) in December 2009 dropped 1.9 percent month on month, according to a report released by Eurostat, the Statistical Office of the European Communities. In November industrial production in the region had risen by 0.9 percent over October, reaching its highest level since November 2008.
On the other hand, compared with December 2008, industrial production in the EU-27 in December 2009 declined by 13.9 percent.
In December 2009, production of durable consumer goods in the EU-27 increased by 0.4 percent month on month and was down 3.7 percent year on year, while production of capital goods decreased by 2.4 percent over November and declined by 11.4 percent compared to December 2008. Production of intermediate goods dropped by 2.6 percent in December 2009 compared to November, but was down 1.1 percent over the same month of the previous year. In addition, production of energy in the EU-27 increased by 1.2 percent month on month, while the year-on-year drop was 4.5 percent.
Among the member states for which data are available, in December industrial production rose in six member states and fell in twelve other member states, compared to November. The highest month-on-month increases were registered in Lithuania with 2.3 percent, in Portugal with 0.7 percent and in UK with 0.6 percent; meanwhile, the most significant declines were observed in Denmark with 5.2 percent and in Ireland and Latvia, both with 4.2 percent.
http://hectorhec.jimdo.com
On the other hand, compared with December 2008, industrial production in the EU-27 in December 2009 declined by 13.9 percent.
In December 2009, production of durable consumer goods in the EU-27 increased by 0.4 percent month on month and was down 3.7 percent year on year, while production of capital goods decreased by 2.4 percent over November and declined by 11.4 percent compared to December 2008. Production of intermediate goods dropped by 2.6 percent in December 2009 compared to November, but was down 1.1 percent over the same month of the previous year. In addition, production of energy in the EU-27 increased by 1.2 percent month on month, while the year-on-year drop was 4.5 percent.
Among the member states for which data are available, in December industrial production rose in six member states and fell in twelve other member states, compared to November. The highest month-on-month increases were registered in Lithuania with 2.3 percent, in Portugal with 0.7 percent and in UK with 0.6 percent; meanwhile, the most significant declines were observed in Denmark with 5.2 percent and in Ireland and Latvia, both with 4.2 percent.
http://hectorhec.jimdo.com
jueves, 4 de febrero de 2010
EUROFER: First green shoots of recovery in EU steel market
On February 4, the European Confederation of Iron and Steel Industries (EUROFER) released its report entitled "Economic and Steel Market Outlook 2010-2011." The report states that economic momentum in the EU should gradually gain further strength this year, adding that progress will be slow and surrounded by uncertainty, though the risks are now much more balanced than a year ago.
According to the report, the recovery will also take hold in the steel consuming sectors. Activity in the manufacturing sector will be supported by improving international trade and inventory replenishment. The outlook for the engineering industries and automotive manufacturers has become slightly more upbeat. In contrast, perspectives for the construction sector have darkened, mainly due to a further deterioration in the non-residential sector. On balance, output in the steel using sectors will rise 0.6 percent in 2010. A further strengthening is expected for 2011 with growth accelerating to 3.5-4 percent.
Commenting on the outlook for 2010, EUROFER director general Gordon Moffat said, "We are seeing the first green shoots of recovery and there is confidence that this will translate into a further improvement in EU steel market fundamentals".
According to EUROFER, orders and deliveries have recently risen compared with the depressed levels registered in the final months of 2008 and the first half of 2009. Low imports and reduced levels of domestic supply have resulted in supply currently being much better aligned with still weak demand levels. Nevertheless, apparent consumption is estimated to have fallen by almost 35 percent in the whole of 2009.
Low inventories at the start of 2010 will be supportive to market dynamics gradually gaining strength during this year. Any further improvement in demand side fundamentals should trigger a corresponding need to replenish inventories from their current low levels. This will provide the major boost to the 12.5 percent rise in apparent consumption expected in 2010.
The rebound in real steel consumption expected for 2011 will broaden the basis for growth in apparent consumption.
The import situation remains an issue of concern. So far, rising global steel production has not yet resulted in a significant increase in imports into Europe. However, Mr. Moffat added, "If global demand fails to follow the rising trend in steel output, temporary oversupply elsewhere could lead to import pressure building up in the EU more strongly than currently projected."
http://hectorhec.jimdo.com
According to the report, the recovery will also take hold in the steel consuming sectors. Activity in the manufacturing sector will be supported by improving international trade and inventory replenishment. The outlook for the engineering industries and automotive manufacturers has become slightly more upbeat. In contrast, perspectives for the construction sector have darkened, mainly due to a further deterioration in the non-residential sector. On balance, output in the steel using sectors will rise 0.6 percent in 2010. A further strengthening is expected for 2011 with growth accelerating to 3.5-4 percent.
Commenting on the outlook for 2010, EUROFER director general Gordon Moffat said, "We are seeing the first green shoots of recovery and there is confidence that this will translate into a further improvement in EU steel market fundamentals".
According to EUROFER, orders and deliveries have recently risen compared with the depressed levels registered in the final months of 2008 and the first half of 2009. Low imports and reduced levels of domestic supply have resulted in supply currently being much better aligned with still weak demand levels. Nevertheless, apparent consumption is estimated to have fallen by almost 35 percent in the whole of 2009.
Low inventories at the start of 2010 will be supportive to market dynamics gradually gaining strength during this year. Any further improvement in demand side fundamentals should trigger a corresponding need to replenish inventories from their current low levels. This will provide the major boost to the 12.5 percent rise in apparent consumption expected in 2010.
The rebound in real steel consumption expected for 2011 will broaden the basis for growth in apparent consumption.
The import situation remains an issue of concern. So far, rising global steel production has not yet resulted in a significant increase in imports into Europe. However, Mr. Moffat added, "If global demand fails to follow the rising trend in steel output, temporary oversupply elsewhere could lead to import pressure building up in the EU more strongly than currently projected."
http://hectorhec.jimdo.com
Siemens modernizes rolling mill for Italian structural steelmaker Feralpi
Austria-based giant engineering and plantmaking company Siemens VAI Metals Technologies has announced the receipt of an order from Lonato, Italy-based steelmaker Feralpi Siderurgica SpA to supply a new intermediate mill for its rebar rolling mill No. 1. The plant will be able to roll billets with a larger cross-section when the modernization project has been completed in the fall of 2010. This will also increase the plant's production capacity and widen its range of products.
Feralpi Siderurgica, part of the Feralpi Group, is one of Europe's leading structural steel producers and has production plants in Germany, Italy, the Czech Republic and Hungary. The company runs an electric arc furnace-based mini-mill meltshop with two rolling mills at its Lonato plant in Brescia province, Italy. Rolling mill No. 1 has an annual capacity of 900,000 metric tons of rebars, within a diameter range of 12-40 millimeters.
The new equipment will enable the rolling mill to handle larger billets with a square cross-section of up to 160 millimeters. This will increase output, improve cost efficiency and help Feralpi to expand its range of products.
http://hectorhec.jimdo.com
Feralpi Siderurgica, part of the Feralpi Group, is one of Europe's leading structural steel producers and has production plants in Germany, Italy, the Czech Republic and Hungary. The company runs an electric arc furnace-based mini-mill meltshop with two rolling mills at its Lonato plant in Brescia province, Italy. Rolling mill No. 1 has an annual capacity of 900,000 metric tons of rebars, within a diameter range of 12-40 millimeters.
The new equipment will enable the rolling mill to handle larger billets with a square cross-section of up to 160 millimeters. This will increase output, improve cost efficiency and help Feralpi to expand its range of products.
http://hectorhec.jimdo.com
Suscribirse a:
Entradas (Atom)
