Europe
Europe
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Company Expects The Global Copper Market to Swing Into a Slight Surplus in 2013
Dec 13, 2012Reuters cited Mr Thomas Keller CEO of Codelco as saying that company expects the global copper market to swing into a slight surplus in 2013 after several years of deficit but the small excess will have little impact on prices. ...
Tags: copper market, copper price, global economy
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5 International Engineering Firms Bid to Build 50,000 Tonnes Per Year Polyacetal Plant
Dec 13, 2012Reuters reported that 5 international engineering firms have bid to build 50,000 tonnes per year polyacetal plant at Ibn Sina an affiliate of Saudi Basic Industries Corporation. SABIC said in 2010 the project, producing a plastic which is ...
Tags: polyacetal plant, plastic waste, steel construction, car industry
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ArcelorMittal Welcomed Saturday a Deal Over The Future of One of Its Plants
Dec 12, 2012AFP reported that ArcelorMittal welcomed Saturday a deal over the future of one of its plants that the French government had threatened to nationalize. ArcelorMittal executive Mr Henri Blaffart said “It is positive that we ...
Tags: ArcelorMittal, steel production, investment
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SMS Elotherm of Germany Has Been Awarded Two Orders for Induction Heating Equipment
Dec 12, 2012SMS Elotherm of Germany has been awarded two orders for induction heating equipment by Ovako Tube and Ring AB in Hofors, Sweden. EloBar™ and EloTube™ machines by SMS Elotherm combine high energy efficiency with a comparatively ...
Tags: induction heating equipment, Ovako Tube, bar handling system
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Gazprom Will Demand That Naftogaz Pay Billions of Dollars for The 2013
Dec 12, 2012The Moscow Times reported that if Ukraine turns its plans to slash Russian gas imports into a reality, Gazprom will demand that Naftogaz pay billions of dollars for the 2013 import shortfall as per the take or pay provision outlined in the ...
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The Agreement Was Signed Here
Dec 12, 2012Cam Iron the Cameroon subsidiary of the Australian based Sundance Resources Limited that carried out exploration of iron ore deposits in the country's east region has been awarded a mining agreement prior to the final stage in the mining of ...
Tags: iron ore, Cam Iron, deep water iron ore export terminal
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CIS Steel Export Prices Are Rather Stable, But Future Sentiments Are Moderately Negative
Dec 12, 2012As per latest information from Black Sea, CIS steel export prices are rather stable, but future sentiments are moderately negative. Billet price decreased by USD 5 per tonne to USD 10USD during the week and expectations are rather ...
Tags: CIS steel, CIS steel export prices, stable market, steel market
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Launch of a Heavy Duty Tipper for Use in Mining, Construction and Infrastructure Sectors
Dec 12, 2012AMW Motors Ltd announced that the launch of a new heavy duty tipper for use in the mining, construction and infrastructure sectors. AMW Motors said that the tipper can encounter high gradients, especially in deep mining applications. AMW ...
Tags: heavy duty tipper, AMW Motors Ltd, mining
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Izmir Demir Celik Markets Raised Hopes for Turkey's Steel Export Performance in Q4
Dec 12, 2012Turkish rebar producer Izmir Demir Celik Sanayi AS has said that the signs of revival in North African markets, primarily in Egypt and Libya in terms of steel demand along with the recovery in the US and Canadian domestic markets have ...
Tags: iron ore demand, rebar, steel construction, steel company
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Jindal Steel and Power Will Invest to Build a Power Plant
Dec 12, 2012Business Standard reported that Jindal Steel and Power will invest around USD 500 million in Cameroon to build a power plant, a railway line and an iron ore processing plant. The 500 MW thermal power station will be built in the ...
Tags: Jindal Steel and Power, ore, Cameroon, power plant
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Taunton Fabrications Over That Period Has Increased by a Massive 35%
Dec 12, 2012Despite a downturn in the construction sector over the last two years, business at Taunton Fabrications over that period has increased by a massive 35% this was just one of the reasons that Taunton Fabrications was recently named as the ...
Tags: Taunton, downturn in the construction, 2012 Somerset Business
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S&P Released The Following Statement
Dec 12, 2012S&P released the following statement Overview We expect lower prices in the European stainless steel industry to push Luxembourg-based stainless steel producer Aperam's 2012 EBITDA well below our previous projections. Even ...
Tags: rating action, S&P, stainless steel industry, Aperam
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Rosneft & ExxonMobil Signed an Agreement to Explore The Commercial Potential of Oil Fields
Dec 12, 2012RIA Novosti reported that Russian and US oil majors Rosneft and ExxonMobil signed an agreement to jointly explore the commercial potential of oil fields in Western Siberia. The two companies will create JV in which Rosneft will hold 51 ...
Tags: commercial potential of oil fields, ExxonMobil, energy exploration
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ArcelorMittal Vowed on Friday to Kick Start a EUR 180 Million,Five Year Investment Program
Dec 12, 2012Reuters reported that ArcelorMittal vowed on Friday to kick start a EUR 180 million, five year investment program at its Florange site in eastern France in the first quarter of 2013, seeking to allay union concerns over job cuts. ...
Tags: ArcelorMittal, steelmaking, blast furnaces
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London Copper Edged up Bracing to Finish The Month Higher on Signs
Dec 12, 2012Reuters reported that London copper edged up bracing to finish the month higher on signs that a recovery in China's economic growth took root in November although worries over Europe and the United States kept gains constrained. Three ...
Tags: copper price, China's economic growth, world's economy
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