Site menu:

Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

Contact info:
Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

Firstex Industries
has expertise in these areas:

Product Links

News from the Import Industry

February 18, 2010

China's demand on steel industry drives prices higher

Vale, the world's biggest iron ore producer, said it would ''struggle'' to meet demand for the steel-making raw material this year as China's economy expands.

''In 2010, Vale faces a tight situation, as even running its iron ore mines and pellet plants at full capacity we will struggle to satisfy client demand,'' the Brazilian company said in a regulatory filing. ''Our largest projects are scheduled to come on stream from 2012 onwards, with a very small capacity increase in the near term.''

Vale is taking ''the final steps'' to resume full output at its iron ore mines after China's economy expanded at a rate of about 11 per cent in the fourth quarter, increasing steel demand from construction companies and appliance manufacturers.

Vale's shipments to China, the world's largest iron-ore buyer, accounted for about 44 per cent of iron ore sales in the quarter.

''Volumes will improve in the first quarter,'' said Raphael Biderman, an analyst at Bradesco Corretora in Sao Paulo. ''In the second quarter there will be a positive impact of the increase in iron ore prices.''

Fourth-quarter net income rose to $US1.52 billion ($1.73 billion), from $US1.37 billion a year earlier, the company said in its filing on Wednesday.

''Excluding non-recurring items, results were in line with our expectation,'' Mr Biderman said. He expects the company to conclude ''soon'' the negotiations on iron ore contracts with an increase of as much as 50 per cent in prices.

By: HELDER MARINHO

Bloomberg

[ Back to top ]

Home | Expertise | Inventory | What | Why | Procurement | FAQ | Contact Us | Product Album | Links | News | Site Map

Valid XHTML 1.0 Strict Copyright © 2006 Firstex Industries | Webmaster:Kevin Grey Lee