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In November This Year, Germany's Crude Steel Output Decreased

Dec 13, 2012

According to the information provided by the German steel federation Wirtschaftsvereinigung Stahl, in November this year, Germany's crude steel output amounted to 3.5 million tonnes, decreasing slightly by 0.2% compared to the same month of ...

Tags: steel

RWE AG Plans to Quit The Nabucco Pipeline Project and Sell Its 16.7% Share to OMV

Dec 13, 2012

FT reported that RWE AG of Germany plans to quit the Nabucco pipeline project and sell its 16.7% share to OMV (Austria). Mr Jurgen Grossman head of RWE said that RWE is probably planning to focus on construction of the South Stream, a ...

Tags: rwe gas, gas and oil, gas pipeline map, pipeline

The Russian Pipe Market Was Growing Throughout The Q3 of 2012

Dec 13, 2012

Russia - The Russian pipe market was growing throughout the Q3 of 2012, mainly due to stronger seamless industrial and welded line pipe demand. In the Q3 of 2012, the seamless OCTG market in Russia remained strong. Q3 Russian oil ...

Tags: steel pipe, iron ore price news, steel construction, oil&gas drilling

Turkey Exported Rebar in October Rising by 6.7% From a Month Ago

Dec 13, 2012

According to the statistics released by the Turkish Statistical Institute, Turkey exported 714,035 tonnes of rebar in October rising by 6.7% from a month ago and increasing by 11.6% YoY. The country's export revenues generated by rebar ...

Tags: iron ore price news, steel scrap price, steel pipes, rebar

North Africa Have Around 88 Trillion Cubic Meters

Dec 13, 2012

Gulf oil heavyweights and other hydrocarbon producers in the Middle East and North Africa have around 88 trillion cubic meters of proven natural gas deposits which can last more than 30 years at current production growth rates. While the ...

Tags: gas, Metallurgy, Energy

The Overhaul of Blast Furnace No.5 Have Been Completed

Dec 13, 2012

In the Blast Furnace Workshop of Zaporizhstal Integrated Iron & Steel Works, the overhaul of Blast Furnace No.5 have been completed. The repair was performed within the scope of the Program of Production Modernization and Revamping ...

Tags: Metallurgy, Steel, Iron

Shares in Sundance Resources Are Expected Come Under Downwards Pressure

Dec 13, 2012

AAP reported that shares in Sundance Resources are expected come under downwards pressure when they resume trading, as the prospect of a takeover deal with Hanlong Mining appears even more remote. Sundance shares were placed in a trading ...

Tags: iron ore price news, stock market news, sundance fest, iron

BP Is Suing Five Companies Associated with a Fireproofing Material

Dec 13, 2012

NWI Times reported that BP is suing five companies associated with a fireproofing material used in its multibillion dollar modernization project at the Whiting Refinery, claiming the product is defective and causing property damage, federal ...

Tags: steel fabricating, structural steel, bp gas stations, lawsuits against bp

Hedge Funds and Money Managers Sharply Cut Their Bullish Bets on Gold Futures Last Week

Dec 13, 2012

Reuters reported that hedge funds and money managers sharply cut their bullish bets on gold futures last week on profit taking while an improving US economic outlook prompted them to switch copper contracts to its first net long in 4 weeks. ...

Tags: hedge funds, bullish bets, gold future, gold market

Total Turnover and Profits Made by Bhilai Steel Plant During Each of The Last 3 Years

Dec 13, 2012

Mr Beni Prasad Verma the minister of Steel said that the total turnover and profits made by Bhilai Steel Plant during each of the last 3 years and the current year are as under: In a written reply in the Lok Sabha, Mr Verma said that ...

Tags: Bhilai Steel Plant, steel, turnover, profit

Kincora Copper Limited Has Closed The Second Tranche of Private Placement

Dec 13, 2012

Kincora Copper Limited has closed the second tranche of the previously announced private placement financing for gross proceeds of USD 52,500 through the issuance of 500,000 units at a price of USD 0.105 per unit. As previously announced ...

Tags: private placement, copper market, copper price, copper bronze

Abramovich Is Buying a Stake in Mining and Metals Giant Norilsk Nickel

Dec 13, 2012

RIA Novosti reported that Russian billionaire Roman Abramovich is buying a stake in mining and metals giant Norilsk Nickel to end a long-standing shareholder dispute over the company's corporate management. This follows an agreement ...

Tags: nickel, stock market news, buy stainless steel, mining

It Is Unwise for Governments to Intervene to Avoid The Closure of Steel Plants

Dec 13, 2012

Reuters reported that it is unwise for governments to intervene to avoid the closure of steel plants in the euro zone's oversupplied market. The chief executive of Austrian steelmaker Voestalpine said that in the last few weeks both the ...

Tags: steel plants, steel production, Eurofer

Government on December 10th Monday Fixed The Price Band for The Upcoming 10% Stake Sale

Dec 13, 2012

Hindustan Times reported that the government on December 10th Monday fixed the price band for the upcoming 10% stake sale in India's largest iron ore miner National Mineral Development Corp at INR 145 to INR 150 that will fetch the ...

Tags: Copper, Mineral, Metallurgy

Shandong Nanshan Aluminium Company Limited Has Awarded SMS Siemag

Dec 13, 2012

Shandong Nanshan Aluminium Company Limited has awarded SMS Siemag, Germany, a contract for the supply of a 1+5 hot rolling mill for aluminum alloys. Shandong Nanshan Aluminium is part of the Nanshan Group located in Longkou, China. The hot ...

Tags: hot rolling mill, aluminum alloys, hot mill line