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The Consortium Will Acquire a 15 Percent Interest in The Joint Venture

Jan 6, 2013

Luxembourg-based global steelmaker ArcelorMittal has announced that its wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by South Korean steel producer POSCO and Taiwan's China Steel Corporation (CSC) will ...

Tags: ArcelorMittal, steelmaker, AMMC, steel

SSWL Sold 765,000 Steel Wheel Rims, Decreasing by 18.2 Percent

Jan 6, 2013

The Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that it registered gross sales of INR 757 million ($13.9 million) in December 2012, down 25 percent compared to the corresponding month of 2011. In terms of units ...

Tags: India, steel rim, SSWL, 2012

Timken Company Acquisition of The Assets of Wazee Companies, LCC

Jan 6, 2013

Canton, Ohio-based Timken Company announced Wednesday its acquisition of the assets of Wazee Companies, LCC, a regional provider of motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, ...

Tags: Canton, acquisition, Wazee Companies, motor, generator, wind

Outokumpu and Thyssenkrupp AG Have Completed The Inoxum Transaction

Jan 6, 2013

Outokumpu and ThyssenKrupp AG have completed the Inoxum transaction. Outokumpu announces last week the completion of the Inoxum transaction. With close to 40% market share in Europe and 12% globally, the broadest portfolio in the industry ...

Tags: Outokumpu, ThyssenKrupp AG, Inoxum transaction

Outokumpu Appoints Johann Steiner as Executive Vice President

Jan 6, 2013

Outokumpu appoints Johann Steiner as executive vice president, human resources and health, safety and sustainability. He will report to CEO Mika Seitovirta and become a member of Outokumpu Leadership Team. Mr Steiner will be ...

Tags: Outokumpu, Johann Steiner, Outokumpu Leadership Team, company news

Odisha Mining Corporation Decided to Apply for Mining Lease of Karlapat Bauxite Deposits

Jan 6, 2013

Business Standard reported that in a bid to find alternate source of bauxite for the Lanjigarh alumina refinery of the Vedanta Alumininium Ltd which is shut down for want of raw material since December 5, Odisha Mining Corporation has ...

Tags: bauxite, alumina refinery, Vedanta Alumininium Ltd

Yusco Hikes Its Domestic Prices for Stainless Steel Products for January

Jan 6, 2013

Yieh United Steel Corp (Yusco), one of the major stainless steel producers in Taiwan announced to hike its domestic prices for stainless steel products for by TWD 300 per tonne o TWD 1,500 per tonne for January. Also, Yusco increased its ...

Tags: stainless steel, Yieh United Steel Corp, Taiwan, steel products

TVI Resource Development Inc Completed Its Fifth Shipment of Zinc Concentrate

Jan 6, 2013

TVI Pacific Inc announced that its Philippine operating affiliate, TVI Resource Development Inc completed its fifth shipment of zinc concentrate produced at the Canatuan mine on December 18th 2012. 1. 4,470 dry metric tonnes of zinc ...

Tags: TVI Pacific Inc, zinc concentrate, shipment, company news

RINL Increased in Output and Sales

Jan 6, 2013

Indian state-run steelmaking and mining company Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, has announced that it has registered a 15 percent growth in sinter production in December, reaching 528,000 mt, the ...

Tags: RINL, India, Vizag Steel, December

Brazil's Iron Ore Exports Amounted to 26.9 Million Metric Tonne

Jan 6, 2013

According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals in October this year Brazil's iron ore exports amounted to 26.9 million metric tonne,rising by 22.5%YoY and up three ...

Tags: Brazilian Iron Ore, Exports Rise in October

an Iron Ore Project with Annual Output of 5 Million Tonne of Iron Ore Has Been Rejected

Jan 6, 2013

According to Chinese newspaper Legal Daily,an iron ore project with annual output of 5 million tonne of iron ore,run by Chinese steelmaker Hebei Iron and Steel Mining Company,has been rejected by China's Ministry of Environmental ...

Tags: Hebei Steel Iron Ore Project, ECO Guards

Russian Production of Iron Ore Concentrate Went up by 0.9%

Jan 6, 2013

According to the State Statistics Committee of Russia, in the January to November period of this year Russian production of iron ore concentrate went up by 0.9%, while output of iron ore pellets increased by 1.6% compared to the same period ...

Tags: State Statistics Committee of Russia, production of iron ore

Export Import Bank of China Will Grant Belarus Over USD 600 Million in Preferential Loans

Jan 6, 2013

Panarmenian reported that the Belarusian government said that export import bank of China will grant Belarus over USD 600 million in preferential loans towards the implementation of national infrastructural projects Eximbank will provide ...

Tags: Belarus, implementation of national infrastructural projects

Chemtech Successfully Ended a Consultancy Developed for Brazilian Aluminum Producer CBA

Jan 6, 2013

German conglomerate Siemens'IT and engineering subsidiary in Brazil,Chemtech has successfully ended a consultancy developed for Brazilian aluminum producer CBA,part of local conglomerate Votorantim,in the municipality of ...

Tags: Chemtech, Automation of CBA Aluminum Plant, Sao Paulo State

a Raft of Issues Continued to Hurt The Power Sector This Year

Jan 6, 2013

PTI quoted amid multiple woes facing the power sector,country's largest private electricity producer TATA Power said that concerted efforts are required from all stakeholders to tackle the problems. A raft of issues,dominated by fuel ...

Tags: PTI, TATA, fuel scarcity