According to Brazilian news reports Monday, Gerdau has joined the competition to acquire the assets of bankrupt, France-based engineering steel manufacturer Ascometal. Gerdau, which has reportedly offered 86 million euro (US$118 million), ...
Tags: Gerdau, engineering steel
As reported by Germany's Federal Statistical Office (Destatis), in April this year the wholesale selling prices of industrial products in Germany were down 1.3 percent compared to April 2013, following the 1.7 percent year-on-year price ...
Tags: Metal Prices, metal ores
In April this year, Indian motor vehicle production increased by 10.35 percent year on year to 1,861,849 units, due to the growth in two wheelers production, according to the Society of Indian Automobile Manufacturers (SIAM). In April, ...
Tags: Motor Vehicle, two wheelers
In March this year, India's industrial production decreased by 0.5 percent year on year, according to government data. Industrial production in the financial year 2013-14 ended March 31 decreased by 0.1 year on year. Production in India's ...
Tags: Basic Metal, industrial production
UK-based London Mining, a global diversified miner targeting the steel sector, has announced that it is seeking a strategic partner for its Marampa iron ore project located in Sierra Leone. In view of ongoing pricing volatility and the ...
Tags: London Mining, Marampa Project
Chinese copper prices firmed this week on domestic supply tightness and the State Council's announcement of capital market reforms, industry sources said Tuesday. The most active 1406 copper futures contracts on the Shanghai Futures ...
Tags: Copper Prices, Domestic Supply
UK-based London Mining, a global diversified miner targeting the steel sector, has announced its operational results for the first quarter of the current year. In the first quarter, London Mining produced 900,000 wet mt of iron ore ...
Tags: London Mining, steel sector
In the first quarter this year, Japan's cold rolled sheet and strip shipments decreased by 0.42 percent on year-on-year basis to 1.63 million metric tons, according to the Japan Iron and Steel Federation (JISF) data. 55 percent of shipments ...
Brazil's motor vehicle output in April this year increased by 1.6 percent from the previous month and fell by 21.4 percent year on year to 277,091 units (excluding agricultural vehicles), according to the Brazilian Motor Vehicle ...
Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has stated that it has mastered reinforcing bar production from At800 steel grade. According to the company's statement, such bars are characterized by high strength, ...
Tags: steel, Magnitogorsk, Iron
China's gold output edged up 1.6% year on year to 33.33 mt in March, and jumped 7.3% year on year in the first quarter of 2014 to 96.50 mt, China Gold Association data showed. The March output was 13.3% higher than that produced in ...
Tags: Gold Output, March Output
Luxembourg-based ArcelorMittal, the world's largest steelmaker, has announced its financial results for the first quarter this year. Regarding the 2014 outlook, ArcelorMittal has lowered its global steel demand growth guidance to 3-3.5 ...
Tags: Steel Demand, steelmaker
In March this year, the seasonally and working-day adjusted turnover in the German manufacturing industry decreased by 0.6 percent compared to February, according to the preliminary data reported by Germany's Federal Statistical Office ...
Tags: Metal Manufacturing, metal product
China's steel production has plateaued and mills are focusing on complying with tougher anti-pollution measures instead of expanding capacity, a senior official at the China Iron and Steel Association (CISA) said on Wednesday. The fight ...
Tags: Steel Production, Iron, Steel
China has raised its target to close outdated steel smelting capacity to 28.7 million tons in 2014, the industry ministry said on Thursday, as it tries to rein in inefficient and polluting industries. The figure is above the 27 million ...
Tags: Steel Capacity, Iron Steel