[Ferro-alloys.com] According to Finland's Outokumpu said that the company were using stainless steel slab instead of steel ingot which would significant savings in cost and materials during heavy forging process.

[Ferro-alloys.com] It is reported that Turkey producers, Isdemir announced to idle its steel wire plant at Iskenderun for a month for maintenance plans.

According to statistics released by the Korean Ministry of Trade, Industry & Energy (MOTIE), the country’s steel export values totaled US$19.8 billion in the first seven months, decreasing by 3.6% year on year.

According to data released by China Iron & Steel Association (CISA), the country’s daily crude steel output averaged at 1.603 million tons in late July.

According to Turkish Steel Exporters’ Union (CIB), Turkey’s steel exports decreased by 10.3% year on year to 9.5 million tons during the first seven months.

It is reported that the Australian Anti-Dumping Commission (ADC) has announced that the anti-dumping investigation against galvanized steel from Vietnam was terminated.

Recently, the POSCO Chairman and Chief Executive Officer Quan Wujun (Kwon Oh Joon) said that its India Orissa steel project no progress was made, therefore, will be temporarily stopped.

Tokyo Steel, one of the major H beam manufacturers in Japan, has announced its combined sales revenue during April to June was ￥37.41 billion, reducing by 15.6% year on year.