Asia
Asia
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Demand and a Greater Urgency to Buy and Stock Yards Before The Year End Was Evident
Dec 13, 2012Demand and a greater urgency to buy and stock yards before the year end was evident this week from Pakistan as cash buyers diverted tonnage destined for India and one or two new sales were reported to hungry recyclers. The gas free for ...
Tags: scrap metal rates, steel scrap buyers, metal recycling, scrap recyclers
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Iran Posted Increases in Its Oil Output in November
Dec 13, 2012According to a Reuters survey, Iran posted increases in its oil output in November. Iranian supply has risen by 40,000 barrels per day to 2.71 million barrels per day. Sources in the survey said that a resumption in sales to South Korea ...
Tags: steel scrap price, iron ore price news, buy steel pipe, high carbon steel
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Turkey's Finished Steel Production Reached 28.3 Million Tonnes up by 7.1% YoY
Dec 13, 2012According to a statement released by the Turkish Iron and Steel Producers' Association, in the January to October period of this year Turkey's finished steel production reached 28.3 million tonnes up by 7.1% YoY. 20.9 million tonnes of ...
Tags: iron, steel, Turkey, steel production
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Government on December 10th Monday Fixed The Price Band for The Upcoming 10% Stake Sale
Dec 13, 2012Hindustan Times reported that the government on December 10th Monday fixed the price band for the upcoming 10% stake sale in India's largest iron ore miner National Mineral Development Corp at INR 145 to INR 150 that will fetch the ...
Tags: Copper, Mineral, Metallurgy
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Shandong Nanshan Aluminium Company Limited Has Awarded SMS Siemag
Dec 13, 2012Shandong Nanshan Aluminium Company Limited has awarded SMS Siemag, Germany, a contract for the supply of a 1+5 hot rolling mill for aluminum alloys. Shandong Nanshan Aluminium is part of the Nanshan Group located in Longkou, China. The hot ...
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Profit of 912 Vanadium & Titanium Steel Mills Based in Sichuan Province Decline
Dec 13, 2012It is reported that the profit of 912 vanadium & titanium steel mills based in Sichuan province in the first ten months of 2012 amounted to CNY 1.108 billion down 1.22% from January to September 2012. The speed of sliding profit slows down. ...
Tags: construction steel, railway steel, CR sheet, seamless steel production
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ABN Amro Expects Gold Prices to Drop Substantially Over The Next Two Years
Dec 13, 2012ABN Amro expects gold prices to drop substantially over the next two years on a modest increase in supply and slightly lower demand. ABN Amro said that it sees gold averaging USD 1,400 per ounce in 2013 and USD 1,300 an ounce in 2014. The ...
Tags: ABN Amro, gold prices, palladium, gasoline
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Alpart Bauxite and Alumina Plant Will Reopen Soon
Dec 13, 2012Mr Phillip Paulwell Minister of Science, Technology, Energy and Mining is confident that the Alpart bauxite and alumina plant at Nain, St Elizabeth, will re open soon, as discussions with U C Rusal, the majority share holders and operators ...
Tags: energy and mining, bauxite, alumina, U C Rusal
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Turkey Plans to Build Gas Holders for 7 Billion Cubic Meters to 8 Billion Cubic Meters
Dec 13, 2012Turkey plans to build gas holders for 7 billion cubic meters to 8 billion cubic meters. Mr Taner Yildiz Turkish Minister for Energy and Natural Resources invited Russian companies for the project. He said that up to 15% of gas consumed by ...
Tags: gas holders, Turkey, gas, gas industry
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Rio Tinto's New Copper Mine Would Provide Jobs & Economic Salvation for a Local Population
Dec 13, 2012The multi national mining company Rio Tinto has long promised that its proposed new copper mine near the small town of Superior, Ariz., would provide 4,000 jobs and economic salvation for a local population that has struggled to find work ...
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Sagaing Region Police Commander Has Apologized to Senior Monks
Dec 13, 2012Xinhua reported that Colonel San Yu Myanmar's Sagaing region police commander has apologized to senior monks at a ceremony for wounding some junior monks among protestors in the November 29th 2012 disperse action of boycott camps at the ...
Tags: Sagaing region police, senior monks, copper mining project, apologized
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Metal Bank to Follow up High Grade Rock Chip Results of up to 30.8 Grams Per Tonne Gold
Dec 13, 2012Metal Bank is planning to follow up high grade rock chip results of up to 30.8 grams per tonne gold, 154 gram per tonne silver and 6.54% copper from the Spinifex Ridge East Project in early 2013. Spinifex Ridge East is located around 10 ...
Tags: Metal Bank, rock chip, tonne gold, silver, copper
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Indian Aluminium Prices Edged up by 0.13% to INR 115.75 Per Kilogram at Futures Market
Dec 13, 2012ET reported that Indian aluminium prices edged up by 0.13% to INR 115.75 per kilogram at futures market as speculators created fresh positions, supported by rising demand at spot markets even as metal weakened overseas. At the Multi ...
Tags: Indian aluminium, aluminium prices, London Metal Exchange, Aluminium
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Korea Zinc Has Raised Premiums for 2013 Term Shipments by Around a Third in Asia
Dec 13, 2012Korea Zinc has raised premiums for 2013 term shipments by around a third in Asia as smelter cut backs in China and warehousing deals curbed supply of the metal. Sources said that Korea Zinc will charge USD 120 for 2013 term shipments to ...
Tags: Korea Zinc, smelter cut, metal, premiums
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Copper Futures Traded a Shade Lower Largely in Line
Dec 13, 2012ET reported that in range bound movements copper futures traded a shade lower largely in line with a weakening trend overseas. Besides, subdued demand at domestic spot markets also put pressure on the metal prices. At the Multi Commodity ...
Tags: copper market, scrap metal price, trade oil futures, copper futures
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