Category Archives: china

Cost hikes cut into iron and steel company profits

This hardly seems like much of a surprise. It’s hard to consider absorbing a 70% increase in iron ore cost and not having it hurt you. chinadaily.com.cnCosts for China’s large and medium-size iron and steel manufacturers rose by more than … Continue reading

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Rising Iron Ore Prices for China will effect Steel Prices

One of the issues bubbling while I wasn’t blogging was the iron ore price increase that Chinese steelmakers had to accept recently. There are many articles about it, many opinions, all contradictory (of course). Let’s start here: China’s steel mills … Continue reading

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Are jobs coming back from China?

Old Jobs Not Coming Back, McCain Warns Ohio Autoworkers McCain […] reiterated that message on Friday, saying that the government should provide better worker retraining programs and incentives for companies like GM to create new jobs making environmentally sensitive products. … Continue reading

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Oil’s cargo cushion

reportonbusiness.com The soaring cost of fuel is whittling away at the cheap-labour advantage enjoyed by Asian exporters, giving Canadian firms a welcome edge in their fight to win back business from Asian competitors. Two bank economists argue in a report … Continue reading

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China quake seen cutting metals output, lifting zinc prices

Now here’s an aspect of the China quake scenario I’ll bet you hadn’t considered … Heightened concerns that China’s devastating earthquake will curtail the country’s massive metals output helped aluminum, zinc and other base metals extend a two-day rally Friday.[…] … Continue reading

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STEEL PRICES DRIVEN UP BY RISING INPUT COSTS AND LIMITED SUPPLY

MEPS INTERNATIONAL Since it was announced that iron ore prices would rise by 65 percent, Chinese mills have sought to lift steel values quite substantially. Japanese producers have tabled advances of ¥20,000 per tonne for April deliveries and may even … Continue reading

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Italians seize 30 tons of radioactive steel

This usage of the word “accident” raises more questions than it answers. How do you accidentally mix steel with cobalt-60? USATODAY.comItalian police said Monday they have seized 30 tons of Chinese-made steel that had been contaminated by a radioactive substance.[…]The … Continue reading

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Iron ore price rise could force China steel rationalization

China Daily […]higher costs might actually help rationalize the Chinese steel industry by pricing some smaller firms with obsolete technology out of business. After Brazilian mining conglomerate Vale hammered out 2008 benchmark prices for iron ore fines with Japanese and … Continue reading

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China’s Pain is Century Aluminum’s Gain

The main part of the article is about aluminum, how a major aluminum smelter in China had to shut down, and what that’s going to do to the aluminum market. But the larger issue, for most stampers, is in this … Continue reading

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North American Breaker Co. Recalls Counterfeit Circuit Breakers Due to Fire Hazard

This isn’t a stamping story exactly, but many stamped products are also counterfeited in China, so it seems related to me. The notice comes from the U.S. Consumer Product Safety Commission web site. Consumers should stop using recalled products immediately … Continue reading

Posted in china, counterfeit | 2 Comments