The prices of L8 and L10 steelmaking pig iron in northern China's Hebei province traded at Yuan 2,470-2,480 ($401-403)/mt on Tuesday, up from Yuan 2,420-2,470/mt on April 1, both inclusive of 17% VAT. The slight rise in prices was ...
Tags: Pig Iron, Steelmakers
The expected growth in global steel demand through 2050 may require a tripling of current seaborne metallurgical coal exports, which may be tough for miners to deliver, according to forecasts delivered Monday by two consultants. An annual ...
Tags: steel demand, steel production
In 2013, ArcelorMittal Kryvyi Rih, Ukrainian steelmaking subsidiary of global steel giant ArcelorMittal, exported 86 percent of its steel product output, compared to 86.4 percent in 2012, as announced by the company. Last year, the ...
Tags: steel products, steelmaking
Swedish high-technology engineering and steelmaking group Sandvik has issued its financial results for the first quarter of the current year. According to the financial results, Sandvik's net profit for the first quarter was SEK 1.5 ...
Sri Madhusudan, managing director of Indian state-run steelmaking and mining company Rashtriya Ispat Nigam Limited (RINL), has said that the company has an ambitious plan to achieve a turnover of around INR 200 billion ($3.3 billion) in the ...
Tags: Metallurgy, Mineral, Energy, Steel
Turkey-based plantmaker CVS Technologies has announced that it has signed a contract with the South African steelmaker Cape Town Iron and Steel Company (CISCO) to upgrade its existing meltshop and rolling mill located in Cape Town. CVS ...
Tags: Steelmaking Mill, CVS Technologies
The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. ...
Tags: Iron Ore, Interest Resurfaces, spot market
According to local reports, US Steel won't sell any of its unused port lands in Hamilton, Ontario to potential competitors, but it will consider proposals from the city. The 3.28-square-kilometer property became available in late 2013 ...
Tags: Metallurgy, Mineral, Energy, steel
Global steelmaking and mining giant Evraz Group S.A. has announced that in the first quarter this year its crude steel output amounted to 3.7 million mt, down 9.2 percent year on year. In the given quarter, the crude steel production of the ...
Tags: Crude Steel, Evraz
Mechel, one of the leading Russian mining and steel companies, has announced that its contract with Baosteel Resources, the raw materials-focused wholly-owned subsidiary of Chinese steelmaking major Baosteel, which provides for an increase ...
Tags: mining, steel companies, Mechel
Finland-based steelmaker Ruukki has announced that it will replace the blast furnace oil injection system at its Raahe steel plant with a new pulverized coal injection (PCI) system to improve steelmaking cost efficiency by reducing raw ...
Tags: Ruukki, steelmaker
The first vessels of 2014 carrying iron ore to the US Steel Gary sheet mill in Indiana arrived this week, but the mill is still operating at limited capacity, the company said Tuesday. A spokeswoman for US Steel said four boats carrying ...
Tags: Sheet Mill, crude steelmaking
Indian state-run steelmaking and mining company Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, has announced that it registered a sales turnover of INR 135.3 billion ($2.24 billion) in the financial year 2013-14 ending ...
Tags: steelmaking, mining, Vizag Steel
According to local news reports, a spokesperson for the US Steel Gary Works plant has said that although they have resumed steelmaking, their production capacity is still limited. The plant ceased operations several weeks ago after icy ...
According to local news reports, US Steel has announced it will be halting steelmaking operations at its Gary, Ind, mill because poor weather conditions in the Great Lakes region has delayed incoming shipments of iron ore. Although it's ...
Tags: Steel, Metallurgy, Mineral