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Company News
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Short-Term Factors Like Restocking and The Cyclone Season Are Behind The December Spike
Jan 5, 2013Rio CEO Sam Walsh told The Australian that short-term factors like restocking and the cyclone season are behind the December spike from USD 115 to USD 145. Mr Walsh said “We’re seeing an unusual situation at the moment ...
Tags: Rio, restocking, cyclone season, company news
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Hanlong Is in View of a Partnership with State Owned Enterprises to Build up a Mine
Jan 5, 2013Private company Sichuan Hanlong Company, after the approval of Anshan Steel s biggest ever expansion plan on iron ore mines, is in view of a partnership with state owned enterprises to build up a major iron ore mine in western Africa. ...
Tags: Sichuan Hanlong Company, Anshan Steel, iron ore, mining
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The New Trading Arm of State Run Saudi Aramco Has Finalized a January to June 2013 Term
Jan 5, 2013Reuters reported that the new trading arm of state run Saudi Aramco has finalized a January to June 2013 term contract to sell jet fuel with at least one buyer. Traders said that Saudi Aramco Products Trading Company has agreed to sell ...
Tags: Saudi Aramco, jet fuel, fuel price, Middle East
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OJSC Magnitogorsk Held an Extraordinary General Meeting of Shareholders on Saturday
Jan 5, 2013OJSC Magnitogorsk Iron and Steel Works announced that the company held an extraordinary general meeting of shareholders (in the absentee vote format) on Saturday, December 29th 2012. Shareholders have by the majority vote approved the ...
Tags: OJSC Magnitogorsk Iron, Steel Works, MMK, issued stock
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Yieh Hsing Raise The Prices for Wire Rods by NT$500/Ton for January
Jan 5, 2013Yieh Hsing, one of the major wire rod producers in Taiwan announced to raise the prices for wire rods by NT$500/ton for January. After the adjustment, the firm’s list prices for Al-killed wire rods are at NT$23,300/ton; those for ...
Tags: Yieh Hsing, wire rod producers, Taiwan, prices
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Feng Hsin Raise Its Rebar Prices by Nt$400/Ton to Nt$18,900/Ton for This Week
Jan 5, 2013Feng Hsin, one of the major steel long product makers in Taiwan announced to raise its rebar prices by NT$400/ton to NT$18,900/ton for this week. Besides, the company increased its scrap prices by NT$400/ton to NT$11,500~NT$12,200/ton for ...
Tags: Feng Hsin, steel, Taiwan, rebar prices
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Outokumpu Has Completed The Inoxum Transaction with Thyssenkrupp AG
Jan 5, 2013Outokumpu announced last week that it has completed the Inoxum transaction with ThyssenKrupp AG. The acquisition results Outokumpu a 40% market share in Europe and 12% globally, the largest portfolio in the industry. ThyssenKrupp becomes ...
Tags: Outokumpu, ThyssenKrupp AG, stainless steel industry, Europe
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Krakatau Steel Has Announced a Long Products Joint Venture with Japanese Osaka Steel
Jan 5, 2013It is reported that Indonesia’s Krakatau Steel has announced a long products joint venture with Japanese Osaka Steel. It’s learned that the two companies has already signed a joint venture agreement on December 26th, 2012 to set ...
Tags: Krakatau Steel, products, joint venture, Osaka Steel
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UAE Belhasa Projects Planed to Focus on Sub Station and High Voltage Cabling Work
Jan 5, 2013UAE Belhasa Projects has created a new division to focus on sub station and high voltage cabling work in the region. Belhasa said that it expects strong growth in infrastructure projects in UAE,Qatar,Saudi Arabia and Iraq in 2013 after a ...
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It Will Jointly Study Shale Gas Development with ConocoPhilips in Southwest
Jan 5, 2013THE Sinopec Group, the world's fifth largest oil company said that it will jointly study shale gas development with ConocoPhilips in southwest China's Sichuan Basin over the next two years. A statement from Sinopec said the Sinopec ...
Tags: THE Sinopec Group, oil industry, shale gas, ConocoPhilips
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Tax Sleuths Registered a Case for Alleged Central Excise Duty Evasion of INR 30 Crore
Jan 5, 2013PTI reported that tax sleuths searched the premises of a West Bengal based leading steel and iron products producer and registered a case for alleged central excise duty evasion of at least INR 30 crore. Official sources said that the ...
Tags: Tax Sleuths, steel, iron products, central excise duty evasion
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State Owned Iron Ore Producer NMDC Needs to Come up with a Specific Strategy
Jan 5, 2013PTI quoted government auditor CAG as saying that state owned iron ore producer NMDC needs to come up with a specific strategy to acquire mines overseas. CAG in a recent report said that "Company has been making efforts to acquire mines ...
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Vale Sohar Was Welcomed to Oman by Members of The North Al Batinah Community
Jan 5, 2013Vale Sohar, one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by Mr HE Sheikh Hilal bin Ali Al Habsi, Wali of Sohar. With the capacity to transport 400,000 tonne of ...
Tags: Vale Sohar, bulk carrier, Oman, North Al Batinah community
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TATA Motors' Total Sales of TATA Commercial and Passenger Vehicles Were 65,582 Vehicles
Jan 5, 2013TATA Motors' total sales of TATA commercial and passenger vehicles in December 2012 were 65,582 vehicles. The company's domestic sales of TATA commercial and passenger vehicles for December 2012 were 61,700 nos. Cumulative sales for ...
Tags: TATA Motors, passenger vehicle, commercial vehicle, auto industry
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Two New Eppendorf's Extensive Range of Automated Pipetting Systems Are Tailored for PCR
Jan 5, 2013Two new additions to Eppendorf’s extensive range of automated pipetting systems are uniquely tailored for PCR setup and nucleic acid purification, yet retain the flexibility that allows their use as open systems for diverse automated ...
Tags: automated pipetting systems, nucleic acid purification
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