According to a study by Chile's state copper comission Cochilco, iron ore prices will fall to an average of USD 120 per tonne in 2013 before rising again to USD 125 per tonne in 2014. The commission is estimating an average price of USD 125 ...
Tags: Chile, iron ore prices, steel prices, metal market
Bloomberg reported that antitrust body fined POSCO, Hyundai Hysco Co and five other South Korean steelmakers were fined a combined KRW 291.7 billion (USD 273 million) for fixing the price of some products. The Fair Trade Commission ...
Tags: antitrust body, POSCO, Hyundai Hysco Co, fine, price fixing
Middle Eastern & North African steel market, which has been a perpetual laggard in the post recessionary era has punctured all expectation of even a semblance of revival in the last 4 years. Revolutions that swept across the ...
The value of trade between Iran and Turkey surpassed USD 20.8 billion in the first 11 months of 2012, which was a rise of 40% compared to the same period in 2011. The Turkish Statistical Institute said that Turkey’s exports to Iran ...
Tags: value of trade, Iran, Turkey
Bloomberg reported that China, buyer of 65% of the world’s iron ore cargoes, expanded the destinations it got the commodity from this year with the first reported spot shipments from Oman, the Philippines and Sierra Leone. According ...
Tags: China, iron ore cargoes, destinations, Oman
PTI reported that the Bombay High Court has dismissed a petition filed by Zenith Metaplast Pvt Ltd praying for allotment of a three acre plot in Nashik to itself and cancellation of adjacent plots allotted to Mahindra&Mahindra Ltd and an ...
India has become the 4th largest producer of crude steel in the world as against the 8th position in 2003 and is expected to become the 2nd largest producer of crude steel in the world by 2015. India continues to maintain its lead ...
Tags: India, crude steel, DRI, 2012, steel sector
The Times of India reported that police authorities are beefing up their presence at Anrak alumina plant area to withstand protests scheduled to be held by Congress party activists at the site. Despite prohibitory orders being clamped in ...
Tags: police authorities, Anrak, alumina plant area, protests
According to the Planning Commission, the Indian power sector is one of the most diversified in the world. India is the fifth largest producer of electricity in the world and, while the State Governments account for 51.5% of the total ...
Tags: India, power sector, electricity, energy
Indian Express reported that Copper and nickel prices rose by INR 2 per kg each on the non ferrous metal market today on increased demand from consuming industries and a firming trend at the London Metal Exchange. Traders said the rise ...
Tags: Copper, nickel, London Metal Exchange, India, metal market
State owned National Aluminium Company gained as much as 4.55 percent to touch an intraday high of Rs 51.65 on Wednesday as media reports suggest that the government is looking to divest a little more than 12% in the company in February, ...
Tags: National Aluminium Company, Aluminium, metal mining, metal industry
Given below is the list of countries likely to post negative growth in their crude steel production for 2012, in ascending order Sl Country 2012 E 2011 YoY 1 Croatia 0 100 ...
Tags: crude steel, steel market, steel production, steel product industry
According to the RM Research, Dragon Energy has been flagged as a speculative buy with a price target of AUD 0.20. This is based on the company's consolidation of DSO iron ore resources and JORC resources that confirm the potential of its ...
Tags: Dragon Energy, metallurgy, energy, iron ore
Business Standard reported that the Chennai Port Trust has asked Essar Ports, the sole bidder for the INR 3,683 crore container terminal project at Chennai, to reconsider its offer that had offered a revenue share of 5.25%. A senior board ...
Tags: Chennai Port, Essar Ports, crore container terminal project, Chennai
SteelGuru, the leading website for steel, metal and mining industry with 150,000 page views per day and 75,000 plus registered users for its E mail based news letter Steel Trade Today, has added yet another value added service for its ...
Tags: SteelGuru, metallurgy, mineral, iron, Ferrotech