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Latest East Asia Steel News

  • Hong Kong shares end morning lower as banks, commodity stocks slide - UPDATE 25 Jul 2008 06:34 GMT
    ... commodity stocks amid fresh worries over credit markets and the US economy. Banks tracked the ... (CDO) exposure. Oil firm CNOOC and Aluminum Corp of China (Chalco) led commodity firms lower on ... or 2.78 pct at 14.68 and Angang Steel down 0.56 hkd or 3.48 pct at 15.54. ...

  • STOCKS - SEOUL SHARES OPEN LOWER - JULY 25, 2008 25 Jul 2008 05:55 GMT
    ... South Korean stocks opened lower Friday as investors dumped shares in line with overnight setbacks in U.S. markets, analysts said. The benchmark Korea Composite Stock ... started substantially lower with financial, tech and steel shares among the marked decliners. Telecoms, however, opened ...

  • Healthy growth in uncertain times 25 Jul 2008 05:51 GMT
    ... the luxury car distribution unit of WBL Corp; Keppel Corp's venture fund unit k1 ventures; ... (Asia), the regional unit of the global steel trading firm that is part of the Salzgitter ... 2002. That was 'a testament that the business community in Singapore is growing at a ...

  • Sensex down 300 points on weak global cues 25 Jul 2008 05:47 GMT
    ... Mumbai: Markets reacted very badly to weak global cues and ... ICICI Bank, SBI, Reliance Industries and Tata Steel. However, TCS and ITC gained. Asian markets were trading lower. Shanghai, Hang Seng, ...

  • Mettler-Toledo International, Inc. Q2 2008 Earnings Call Transcript 25 Jul 2008 05:10 GMT
    ... have seen continued solid momentum in our business. Local currency sales gross of 11% was ... area of focus for many of you. Steel is an important raw material category for us as ... biotech pharma area, that's the main target industry segments. But we actually see that the ...

  • Olympics: factories and mines shut down to reduce smog 25 Jul 2008 04:48 GMT
    ... of the Olympics years, except for Beijing. (AsiaNews/Agencies) – Coal shortages, low prices imposed on ... reduce emissions by 30 per cent. Some steel producers have to relocate to neighbouring provinces Bans ... will reduce coke production by 350,000 tonnes, iron out put by 7.11 million tonnes as well ...

  • Malbex to open in Kuala Lumpur on 26... 25 Jul 2008 04:46 GMT
    ... China, Taiwan and Singapore as well as industry association pavilions such as Building Materials Distributors ... include Arkan Building Materials Company, Feng Yuan Steel Structure (HK) Co Ltd, Hilti (M) Sdn Bhd, ... 100 international buyers. A series of individual business matchmaking sessions and networking reception will be ...

  • Insights | The Carbon Curtain 25 Jul 2008 04:45 GMT
    ... Vinod K. Dar, who runs Dar & Company, a consultant to the energy industry, in Bethesda, Md. What follows is my ... affordable fuel for kitchens, farms, fertilizer plants, steel mills, highways and power plants. Oil and coal ...

  • Taipei shares sharply lower on weaker Wall St close, oil price rebound - UPDATE 25 Jul 2008 03:28 GMT
    ... Investors locked in some profits after the market staged a solid rebound of 9.8 pct ... its entire 15.01 pct stake in the company. China Steel was down 0.85 twd or 1.90 pct at ...

  • The Carbon Curtain 25 Jul 2008 02:30 GMT
    ... Vinod K. Dar, who runs Dar & Company, a consultant to the energy industry, in Bethesda, Md. What follows is my ... affordable fuel for kitchens, farms, fertilizer plants, steel mills, highways and power plants. Oil and coal ...

  • KDB hopes to cap shipbuilder sale by yearend 25 Jul 2008 02:30 GMT
    ... KDB hopes to cap shipbuilder sale by yearend SEOUL, Jul ... and state asset manager Korea Asset Management Corp., which hold a combined 50.37 percent of ... over the shipyard. POSCO, the world's fourth-largest steelmaker, is also seeking to buy the shipbuilder. ...

  • Smith International, Inc. Q2 2008 Earnings Call Transcript 25 Jul 2008 02:26 GMT
    ... of the year-on-year quarterly comparison for the business unit that was sold in Oman in ... also finding past on added costs from steel prices and fuel and transportation costs. We are ... and quarterly conference call. Looking at our industry from the macros standpoint 2008 will be ...

  • Taiwan Market Headed South On Friday 25 Jul 2008 01:16 GMT
    ... higher. Bucking the trend was the underperforming steel sector. For the day, the index gained 58.25 ... previous month. In corporate news, AU Optronics Corp saw second quarter profit more than triple from ... than triple from a year ago, the company said on Thursday, standing at 20.39 billion ...

  • Japanese to build 4 SCTEx interchanges 24 Jul 2008 22:56 GMT
    ... interchanges will be built by the Kajima Corp., Obayashi Corp., JFE Engineering Corp. and Mitsubishi Heavy ... interchanges will be done by the Hazama-Taisei-Nippon Steel (HTN) Joint Venture, which completed the 43.27-km Clark-Tarlac ... skies regime of the Association of Southeast Asian Nations starting December this year. The Clark ...

  • Global equities tumble as economic data bites 24 Jul 2008 21:49 GMT
    ... the news from elsewhere is worse. German business sentiment - a key measure in Europe's ... just as bad, particularly in the automotive industry. Ford, stunned by abysmal sales of its ... their outlooks in the face of higher steel and oil prices and an economic slowdown. Renault, the ...

  • Shipping sector rides wave of boom in trade 24 Jul 2008 21:35 GMT
    ... has brought good times for the shipping industry. Freight rates have soared as Asian demand for raw materials and the export ... have gone up more than a third, steel is expensive and yards only have a limited capacity. ...

  • Truth B Told 7.24.08: AAA Card 24 Jul 2008 21:32 GMT
    ... 10 years ago and beyond just the business changing the fans have changed as well. ... touring now with the hopes that the industry will pick up again. RoH is touring ... after Bret Hart hit him with a steel chair. It may also be obscure but I ...

  • Graco, Inc. Q2 2008 Earnings Call Transcript 24 Jul 2008 21:10 GMT
    ... Research John E. Franzreb - Sidoti and Company Good morning and welcome to the Second ... quarter results and then Pat will discuss business highlights by the operating segment. Following these ... metals, significant increases in aluminum and carbon steel, and in the castings that we purchased. ...

  • China's Capitalist Development and China's Rise in the World Imperialist System 24 Jul 2008 20:28 GMT
    ... percent of the global supply of iron, steel, aluminum, and copper. China accounts for one-third of ... efforts of society, served this balanced development. Industry was spread to towns and villages. Communes ... 2 (Spring 2007), p. 90.[back] 4. U.S.-China Business Council, Forecast 2008: Foreign Investment in China, ...

  • BURLINGTON Worldwide launches Stylish, Trendy, Elegant Range of Worsted Suitings to enhance the Indian Ensemble 24 Jul 2008 20:08 GMT
    ... market. BURLINGTON presents an exclusive range for business suits and designer jacketing in silk wool ... Fabrics, Interior Furnishings and Commission Finishing. The company employs over 12,000 people worldwide with operations ... co-investment vehicles and hedge funds in the steel, textile, coal, automotive and financial services industries ...

  • BAY down over 8 percent on losing day in London 24 Jul 2008 18:59 GMT
    ... on losing day in London European equities markets were lower on Thursday after the Ifo ... after the Ifo Institute reported that German business confidence dropped in July, while reports from ... dropped 2.18 percent to 11,675.1. Carmakers, airlines, steel makers, and the semiconductors sector all saw ...

  • Thermo Fisher Scientific, Inc. Q2 2008 Earnings Call Transcript 24 Jul 2008 18:13 GMT
    ... success is the result of our sound business model. As you've heard me say before, ... on our raw material costs, primarily in steel, raw resin and plastics. We're also experiencing higher ... always said this... when I joined this industry eight years ago, I couldn't believe how ...

  • Weak Housing Data Sends Stocks Sharply Lower - U.S. Commentary 24 Jul 2008 17:59 GMT
    ... S&P 500 is down 14.48 at 1,267.71. Steel stocks are turning in some of the worst ... after Prime Minister Vladimir Putin accused the company of selling its products domestically at twice ... news, setting a monthly intraday high. Stock markets across the Asia-Pacific region closed mostly higher ...

  • Hyundai's second-quarter profits fall 24 Jul 2008 17:12 GMT
    ... fared relatively well overseas, especially in emerging markets such as China and India, on the ... to deal with the higher cost of steel and other raw materials. Domestic consumption is expected ... in the country’s overall vehicle sales. The company also boosted sales in China and India ...


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