Reuters reported that Shanghai steel futures jumped 1.6 percent on Wednesday, tracking gains in equities, after China's next president said the state will fine tune policies to ensure stable economic growth next year, boosting the outlook ...
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According to preliminary government data, steel imports declined in October by 2.5% compared to September. Mr David Phelps president of AIIS said that "Steel imports declined again in October as demand softened across most product lines. ...
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In the week ending December 1st 2012, domestic raw steel production was 1,818,000 net tons while the capability utilization rate was 73.6%. Production was 1,816,000 tons in the week ending December 1, 2011, while the capability utilization ...
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RIA Novosti reported that shares in Russian British oil major TNK-BP jumped 6% after Mr Igor Sechin CEO of Rosneft said his company plans to keep the brand following its acquisition by Rosneft. Mr Sechin said earlier that his company ...
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Koreajoongangdaily reported that POSCO has been selected as a preferred bidder for a KRW 1 trillion (USD 922 million) deal to acquire a 15% stake in ArcelorMittal Mines Canada Industry sources with direct knowledge of the matter said that ...
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Western Libya's main refinery resumed operations after protesters shut it down for a day. Mr Essam Al Muntasir spokesman of the Zawiya Oil Refining Company said that employees were able to resume work and fuel trucks were able to leave ...
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Australia's current account deficit widened in the 3 months through September as exports of coal and iron ore plunged amid falling commodity prices. The Australian Bureau of Statistics said that the shortfall in goods, services and ...
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Baobab Resources Plc the iron ore base and precious metals explorer with a portfolio of exploration projects in Mozambique announced that the results of the resource estimation at the Ruoni Flats block of the Tenge/Ruoni prospect, 1 of six ...
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Reuters reported that Brazil's Vale SA expects a huge derivatives market in iron ore to eventually take shape as players seek hedging instruments to minimize risk from increasingly volatile prices. Mr Jose Carlos Martins who runs the iron ...
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Cam Iron, the Cameroon chapter of the Australian based Sundance Resources Limited that carried out exploration of iron ore deposits in the East Region has been given a mining convention, the second to the last stage in the mining of the ...
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Reuters reported that Canada hoping to spur economic development of its far north has approved the construction of a massive iron ore mine in the Arctic territory of Nunavut that could help top steelmaker ArcelorMittal reduce its dependence ...
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Trend reported that the operations are underway to determine the territory through which the new pipeline will stretch within the Trans-Anatolian gas pipeline. Mr Rovnag Abdullayev head of SOCAR said that the work is being conducted ...
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Rexam, one of the leading global beverage can makers together with its partner Hindustan Tin Works inaugurated its new aluminium line at its manufacturing plant in Taloja, Maharashtra. The new high speed production line represents a capital ...
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Metal Miner reported that rising 2.7% the cash price of primary aluminum experienced the biggest change on the LME for November 30th 2012. After a 2.6% increase, the aluminum 3 month price finished the day. The Indian aluminum cash price ...
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The ailing Indian market required some urgent assistance from both Bangladesh and Pakistan this Week as cash buyer vessels were diverted to rival shores in a bid to ease the burden on an already creaking industry. 94 vessels have already ...
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