Asia
Asia
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This Rebound Is All The More Remarkable
Dec 13, 2012Another roller coaster year for the ISX is drawing to a close. By the middle of May, the Rabee Securities RSISX index had fallen 24% from its early October 2011 peak. Since then, the market has staged a dramatic rebound. As of December 8, ...
Tags: rebound, monthly-volume share, fresh inflows of foreign money
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Sluggish Have Completed Their Iron Ore Purchases for This Year
Dec 13, 2012According to the CBMX data, China's iron ore spot transaction platform run by the China Beijing International Mining Exchange recorded 11 offers of a total of 650,000 million tonne of iron, with the conclusion of one deal. No deal had been ...
Tags: iron ore price news, steel scrap price, buy steel pipe, metal steel
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Shares in Sundance Resources Are Expected Come Under Downwards Pressure
Dec 13, 2012AAP reported that shares in Sundance Resources are expected come under downwards pressure when they resume trading, as the prospect of a takeover deal with Hanlong Mining appears even more remote. Sundance shares were placed in a trading ...
Tags: iron ore price news, stock market news, sundance fest, iron
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Essar Steel India Supplied 9000T of High Quality Steel Plates for a Subsea Tankage Project
Dec 13, 2012Essar Steel India has successfully supplied 9000T of high quality steel plates for a subsea tankage project being executed in the North Sea for Premier Oil, UK by Dry Docks World Dubai. The plates will be used in building oil & gas ...
Tags: carbon steel tanks, buy steel pipe, steel supplies, steel plate
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Hedge Funds and Money Managers Sharply Cut Their Bullish Bets on Gold Futures Last Week
Dec 13, 2012Reuters reported that hedge funds and money managers sharply cut their bullish bets on gold futures last week on profit taking while an improving US economic outlook prompted them to switch copper contracts to its first net long in 4 weeks. ...
Tags: hedge funds, bullish bets, gold future, gold market
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NDRC Is Working with Relative Departments on Supports to Offshore Iron Ore Developments
Dec 13, 2012Mr Wang Jianjun deputy director general of Department of Foreign Capital and Overseas Investment under NDRC at an industry forum on December 8th said that China's decision making body National Development and Reform Commission is working ...
Tags: offshore iron ore, investments, Simandou iron ore project, West Africa
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A Colorful Week of Highs and Lows Characterized The International Ship
Dec 13, 2012A colorful week of highs and lows characterized the international ship recycling markets with almost all major competing markets reaching parity, being only a few dollars apart. The deciding factor for vessels now will be their last port ...
Tags: scrap metal rates, steel scrap buyers, metal recycling, stock market news
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Total Turnover and Profits Made by Bhilai Steel Plant During Each of The Last 3 Years
Dec 13, 2012Mr Beni Prasad Verma the minister of Steel said that the total turnover and profits made by Bhilai Steel Plant during each of the last 3 years and the current year are as under: In a written reply in the Lok Sabha, Mr Verma said that ...
Tags: Bhilai Steel Plant, steel, turnover, profit
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The Corporate Entity of Vizag Steel Is Mulling Setting up of a Cement Plant
Dec 13, 2012PTI cited a senior company official as saying that Rashtriya Ispat Nigam Ltd, the corporate entity of Vizag Steel, is mulling setting up of a cement plant as part of its plans to dispose byproducts such as slag and fly ash. RINL may also ...
Tags: Rashtriya Ispat Nigam Ltd, cement plant, slag, fly ash
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Moody's Investors Service Has Affirmed Vedanta Resources Plc's Corporate Family Rating
Dec 13, 2012Moody’s Investors Service has affirmed Vedanta Resources Plc’s corporate family rating at Ba1 and its senior unsecured rating at Ba3. The outlook for both ratings remains negative. Vedanta’s rating reflects its earnings ...
Tags: Vedanta, rating, acquisition, cash flow
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Indian Railways Have Carried 647.11mn Tonnes of Revenue Earning Freight Traffic
Dec 13, 2012Indian Railways have carried 647.11 million tonnes of revenue earning freight traffic during April-November 2012. The freight carried shows an increase of 29.06 million tonnes over the freight traffic of 618.05 million tonnes actually ...
Tags: Indian railways, railway, freight traffic, India
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Punj Lloyd Group Has Bagged a Contract Worth INR 528 Crore in Singapore
Dec 13, 2012PTI reported that Punj Lloyd Group has bagged a contract worth INR 528 crore in Singapore to construct a new prison headquarter. The company in a statement said that “Punj Lloyd Group said it bagged INR 528 crore worth project from ...
Tags: Punj Lloyd Group, Singapore, prison, prison construction
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Flat Products Market Experienced a Downward Trend Last Week
Dec 13, 2012Flat products market experienced a downward trend last week. 2 mm thickness was priced at IRR 17,200,000 per tonne by start of the week and finished it at IRR 17,100,000 per tonne. Mobarakeh Steel and Oxin Steel mills experienced IRR ...
Tags: steel scrap price, buy steel pipe, iron ore price news, steel thickness
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Biomass Based Power Generation Projects with a Total Installed Capacity of 3462 MW
Dec 13, 2012Dr Farooq Abdullah minister of New and Renewable Energy informed the Lok Sabha that Biomass based power generation projects with a total installed capacity of 3462 MW which includes 86 MW in West Bengal have been set up in the country so ...
Tags: biomass energy, green wind energy, wind power plant, solar power energy
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Kincora Copper Limited Has Closed The Second Tranche of Private Placement
Dec 13, 2012Kincora Copper Limited has closed the second tranche of the previously announced private placement financing for gross proceeds of USD 52,500 through the issuance of 500,000 units at a price of USD 0.105 per unit. As previously announced ...
Tags: private placement, copper market, copper price, copper bronze
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