China's top economic planner, the National Development and Reform Commission, announced on late Thursday afternoon that the authority decided to reduce the retail price of gasoline by 240 yuan ($38.73) a metric ton, or 0.18 yuan per liter, ...
Tags: Gasoline Price, Gas
New rules to facilitate entry of bulk carriers at the nation's ports China is likely to import more iron ore from Companhia Vale do Rio Doce, the Brazilian mining giant, to bolster its raw material reserves, after the Ministry of ...
December is normally associated with celebrating achievements and chalking out action plans for the year ahead. But for Andrew Mackenzie, the chief executive officer of mining giant BHP Billiton Ltd, December was the culmination of an ...
Tags: BHP Billiton, Miner
The Finance Ministry announced it would lower import tariffs on some goods including camera lens from January 1 to support industrial development and to refine the trade mix. The ministry said applocable imports included manufacturing ...
Tags: Import Tariffs, Camera Lenses
Belarus-based Byelorussian Steel Works (BMZ) has stated the electric arc furnace-1 at its Electric Steel Melting Shop-1 has produced its 15 millionth metric ton of steel, as the thirtieth anniversary of the foundation of BMZ approaches. ...
Tags: Steel Works, Mineral
Platts’ analysis shows apparent oil demand in August was 41.19 million metric tons (mt), or an average 9.74 million barrels per day (b/d) — an increase of 3.7% year over year. This growth came despite a slew of bearish economic ...
Tags: Oil Demand
Iron ore declined sooner than expected this year as supplies exceeded demand and prices are unlikely to recover, according to Goldman Sachs Group Inc., which said 2014 will mark the end of a so-called iron age. This year “is the ...
NLMK Kaluga, a subsidiary of Russian steelmaker NLMK Group and producer of long steel products for construction, has stated that it has produced its one millionth metric ton of steel. NLMK Kaluga is a next-generation EAF mill, part of ...
Tags: NLMK Kaluga, Steel, Metallurgy
International credit rating agency Fitch Ratings has affirmed mining company Samarco’s rating at BBB, with a stable perspective, it said recently. The rating is based on Samarco’s highly profitable operations, low-cost ...
Tags: Fitch Ratings, BBB, Energy
China has been exporting finished steel to Latin America at lower prices when compared to the rest of the world, the Latin America steel association Alacero said. In the first half of the year, the region received 4 million mt of ...
Australian iron ore miner Atlas Iron Limited has announced that it has officially opened its Mt Webber iron ore mine in Western Australia's Pilbara region. The official opening follows the start of mining activity in December 2013 and ...
Tags: Australian, iron ore, Metallurgy, Mineral
Mechel, one of the leading Russian mining and steel groups, has reported that it has mined its one millionth metric ton of coal since operations began at its Elginsky open pit in Yakutia, Russia. Currently, work still continues on ...
Scrap market activity remained sluggish in eastern China over the week with prices mainly holding steady and unlikely to gain any upward momentum in the short term as the outlook for the finished steel market remains pessimistic, market ...
Tags: Ferrous Scrap, Heavy Scrap
China's Bohai Commodity Exchange, or BOCE, a government-backed online trading platform, has added molybdenum to its list of spot commodities, and this is expected to boost moly trade in the mainland and increase price transparency, industry ...
Tags: BOCE, online trading platform
Miner Rio Tinto is to change the basis for the iron ore lump premium in its quarterly iron ore term contracts with Chinese mills to one based on a monthly average of weekly Platts spot lump assessments, from a fixed premium level set on a ...