Rio Tinto chief executive Sam Walsh has said at the company's annual general meeting that in 2013 Rio Tinto will focus on four key areas; reducing costs and improving performance at all its operations, delivering approved growth projects, ...
The European Commission (EC) has announced that it has decided to impose a provisional antidumping (AD) and countervailing duty (CVD) on stainless steel wire imports from India. The provisional antidumping duties for Indian ...
Guangzhou Province-based Chinese pipe producer Panyu Chu Kong Steel Pipe Co. has announced that, for the purpose of increasing working capital and repaying debts, it will issue short-term bonds worth RMB 200 million ($32 million) on May 9. ...
Tags: Steel Pipe, Mineral
Australian miner Fortescue Metals Group has announced that its Firetail iron ore mine, the first stage of the US$3.2 billion Solomon hub, has been officially opened, strengthening the company's position "as one of the world's leading ...
Tags: Fortescue, Iron Ore Mine
India's Steel Ministry has pointed out that the raw material needs of the two major domestic state-owned steelmakers Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) will increase by up to 39 percent within three years as ...
Tags: Steelmaker, Raw Material
In the week from April 29 to May 5, the scrap indexes continued to decrease on the Orbis Steel Index. In the given week, the Turkish rebar index started to decrease following two weeks of upward movement. The flat rolled product indexes ...
Tags: Scrap, Downward Movement
Russian steel giant Magnitogorsk Iron and Steel Works (MMK) has announced that its Turkey-based subsidiary MMK Metalurji reported no crude steel output in the first quarter of this year, due to smelting capacities being idled in November ...
Tags: Crude Steel Output, Mineral
Australia-based miner BC Iron has announced that, together with its strategic partner Australia's Cleveland Mining Company Ltd, it has signed a memorandum of understanding to earn the right to acquire 80 percent of three iron ore ...
Tags: BC Iron, Cleveland Alliance
Austria-based steelmaker voestalpine has announced that it has become the first company to reach an agreement with German national rail operator Deutsche Bahn, regarding the German rail steel cartel. Accordingly, voestalpine has agreed to ...
Tags: Voestalpine, Deutsche Bahn, Rail Cartel Case
On Sunday morning, US Steel Canada locked out unionized workers at its Lake Erie Works flat rolled mill in Ontario. The gates of the mill have been closed but sources tell SteelOrbis that the mill's production has likely been shifted to ...
Indian steelmaker JSW Steel has denied media reports about Japan's JFE Steel increasing its shareholding in JSW. The Indian steelmaker stated that JFE Steel still has a 16.17 percent shareholding in the company. An Indian-based newspaper ...
Tags: Steel Denies Reports, Mineral
Australia-based Aquila Resources Limited announced that Sumisho Coal Australia Pty Limited, a wholly owned subsidiary of Sumitomo Corporation, has decided to pull out of a coal exploration partnership with Aquila. In April 2012, Aquila ...
Tags: Sumitomo, Coal Exploration
Luxembourg-based steelmaker ArcelorMittal has announced that its Romanian unit ArcelorMittal Galati will supply 7,500 mt of steel plates for a new, 32-tower wind farm in Romania, which has the potential to generate the most megawatts of any ...
Tags: Wind Farm, Metallurgy, Mineral, Energy
The European Commission (EC) may oblige Luxembourg-headquartered steelmaker Aperam, which is bidding to buy Outokumpu's Italian stainless steel plant in Terni, to sell other steel assets if it succeeds in the acquisition bid, a commission ...
Tags: Metallurgy, Mineral, Energy
India's Ministry of Steel has rejected claims by local steel mills that steel products were being dumped by Japanese and South Korean producers under Comprehensive Economic Partnerships Agreements (CEPAs) signed between India and the two ...
Tags: Steel Ministry, Domestic Industry