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Chinese Steelmakers Return to Purchase Scrap from US

It is reported that Chinese steelmakers have started to purchase American scrap, since the latter switches to Asian market from Turkey. Recently, Shagang placed an order for 3 batches of HSM 1&2 from America at the strike price of USD 495 per tonne CFR. Disappointed by the low quotations offered by Turkish Purchasers, US scrap suppliers shift to Asian market. As luck would have it, Japanese scrap price swells continuously at the moment forcing Chinese buyer to choose other competitive replacement.

Last week, Japanese heavy scrap 2 is quoted at USD 500 per tonne to USD 510 per tonne CFR; heavy scrap at USD 520 per tonne CFR. Heavy scrap in Chinese domestic market stays at USD 565 per tonne to USD 574 per tonne.

Since mid-January, Chinese steelmakers presents inactively in the market. This time, American may spur up their passion.

(Sourced from MySteel.net)

February 28, 2011
Published in Industries

Turkish American Taxi Business Began to Work in the U.S.!

In total, 26 thousand 500 units in New York City Taxi Ford Transit Connect taxi tender Gölcüklü finals for the first time the New England region of the United States began the task. Ford Otosan, according to the company, the New England Auto Show Boston Cab Dispatch delivered tools to do the task begins, the state of Connecticut, the two companies can work with 40 pieces of natural gas has ordered 2011 model Ford Transit Connect taxi.
Entering the North American market in 2010 and within a short time in the United States by the Boston Police Department Certificate of Conformity of the Ford Transit Connect taxi cab, was delivered to customers in the U.S. market first. New England Auto Show Dispatch’e delivered at a ceremony held in Boston Cab 2011 model Ford Transit Connect Gölcüklü taxis, the first Turkish taxi in North America are now starting to do the task.

December 11, 2010
Published in Industries

Turkish Airlines to Fly LAX-Istanbul Beginning March 2011

Mayor Antonio R. Villaraigosa cheered the announcement that Turkish Airlines will launch nonstop service from Los Angeles International Airport (LAX) to Istanbul, Turkey four times a week beginning March 3, 2011. The air service on brand new Boeing 777-300ER aircraft is expected to generate hundreds of millions of dollars annually in economic activity in Southern California.

October 25, 2010
Published in Industries

CCE Stockholders Approve Coke Deal

Coca-Cola Chairman Muhtar Kent, left, toasts the deal with Coca-Cola Enterprises Chairman John Brock.

As expected, Coca-Cola Enterprises Inc. shareholders on Friday gave their stamp of approval on the pending $13 billion sale of its North American operations to The Coca-Cola Co. The transaction already has all the required government approvals, so it should close in the coming days, Atlanta-based Coca-Cola Enterprises said.

Coca-Cola Enterprises has information-technology and distribution operations in Louisville. Following the merger, the operations will be folded into The Coca-Cola Co.

Once the deal is complete, Coca-Cola Enterprises (NYSE: CCE) will become an entirely western European business and will go from being the world’s largest Coca-Cola bottler to becoming the world’s third-largest independent bottler of Coca-Cola products.