It is reported that Peru's Minera Mapsa and US-based CDII Minerals have agreed a joint venture for the construction of a pig iron plant in Peru. Basically, these two companies have a 50%-50% for joint venture will mainly to focus on the ...
Tags: pig iron plant, pig iron, Minera
It is said that Turkey's largest integrated steel producer, Erdemir Group, has tendered for a second continuous galvanizing line at its Eregli works,and also for its melt shop upgrade at its Iskenderun works. Erdemir sets budget plan ...
Tags: galvanising line, steel producer, steel
The NYMEX April natural gas futures contract rose in early trading Wednesday as traders eyed a potentially cold start to March across much of the US. As of 10:05 a.m. EST (1505 GMT), the contract was trading at $3.51/MMBtu, up 5.4 cents ...
Tags: natural gas, gas
UK natural gas for same-day delivery rose to 108 pence/therm Monday morning -- a price the market has not closed above since 2006 -- due to unplanned North Sea outages. Stormy weather caused a failure in the Norwegian power grid system ...
Tags: gas, natural gas, oil pipeline system
Oil futures settled lower Monday after extending an overnight slide that saw the front-month NYMEX crude contract trade below $90/barrel for the first time since December 26. NYMEX April crude settled 56 cents lower at $90.12/b, while ICE ...
Tags: Oil futures, Brent crude, Oil Price
Speaking at the SteelOrbis 2013 Spring Conference & 68th IREPAS Meeting taking place in Doha on March 3-5, Juma Al Mansouri from Emirates Steel said that the UAE is seeking to transform its oil-dependent economy by spending billions of ...
Tags: oil, Oil Dependent, Oil Economy
Turkey's leading steel pipe producer Borusan Mannesmann Boru has announced its financial results for the full year 2012. In 2012, the company's net profit declined by 24.8 percent to TRY 39.5 million ($22 million), compared to the ...
Turkey's leading steel pipe producer Borusan Mannesmann Boru has announced its financial results for the full year 2012. In 2012, the company's net profit declined by 24.8 percent to TRY 39.5 million ($22 million), compared to the ...
In the last session of the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting held on March 3-5 in Doha, suppliers and producers of long steel products and billet, as well as traders and raw material suppliers shared the conclusions ...
Tags: rebar, wire, raw material
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting held on March 3-5 in Doha, Yusuf Guven from Helveco Intertrade, the chairman of the raw materials committee, said that China has started destocking steel products, ...
Tags: raw materials, Scrap, Steel
Michael Setterdahl from Nucor, chairman of the traders' committee at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting held on March 3-5 in Doha, stated that it was the view of traders' committee that customers worldwide currently ...
Tags: iron ore, coking coal, natural gas
During the speakers' forum at the Port of Tampa 24th Annual Steel Conference on March 1, Patrick McCormick, Managing Partner with World Steel Dynamics, explained that in recent years, scrap demand has been relatively flat--and during ...
Tags: Steel Conference, Steel, scrap prices
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting taking place on March 3-5 in Doha, Adel Al-Mughram, senior marketing manager at Saudi Arabian company SABIC, underlined that oil is critical of Saudi Arabia and crude ...
The latest freight rate indications as issued by Banchero Costa are as follows: Products: - 15,000-20,000 mt from the Black Sea approx. $15-16/mt FIO to Mediterranean ports of Turkey and Egypt approx. $16.5-17.5/mt FIO to Italy ...
At the SteelOrbis 2013 Spring Conference & 68th IREPAS Meeting held in Doha on March 3-5, Phil Eglin from World Steel Dynamics (WSD) has said that the recent slowdown in Chinese steel demand is a result of the slowdown in fixed asset ...
Tags: steel demand, steel, Steel Dynamics