AUSTRALIAN shares ended a holiday-shortened trading session modestly higher today,with gains in the mining and financial sectors pushing the market to an 18-month high. The rise sets the market up to end the year almost 14 per cent ...
Tags: shares, market, stocks, financial sectors
Reuters reported that spot iron ore was unchanged on December 18th Tuesday, holding at a more than 5 month high that was hit after a two week rally, although a slowdown in steel price gains this week in top consumer China may prompt buyers ...
Tags: Iron Ore, steel, steelmaking, mills
Steelhome website publishes monthly report on China Steel Market, International Steel Market, HRC/CRC, Construction Steel, Medium Plate, Stainless Steel, Iron Ore, Coke, Scrap and Ferroalloy each month. Summary: 1 Review on China scrap ...
Tags: Scrap, Stainless Steel, Iron Ore, Coke, Ferroalloy, HRC/CRC
Reuters reported that shares of ArcelorMittal South Africa jump almost 5% as a turnaround in Chinese demand bolsters iron ore and steel prices. A steep drop in steel inventories held by Chinese traders may trigger a stronger price ...
Tags: ArcelorMittal, shares, jump, demand bolsters, iron ore, steel
Indian JSW Steel said that its crude steel output dropped by 21% from a month ago to 603,000 tons in November due to iron ore shortage and the ongoing shutdown at on Corex iron making furnace at its Vijayanagar works. It’s known ...
Tags: JSW Steel, crude steel, crude steel output, iron ore
METALLOINVEST and OAO Magnitogorsk Iron & Steel Works announced the signing of a long-term contract increasing supply of iron ore. The new contract specifies the pricing structure for the supplied products based on existing market ...
Tags: Iron, Steel, iron ore, contract, pricing structure
Champion Iron Mine Limited announced that the execution of a definitive agreement with Northfield Metals Inc in respect of its previously announced agreement whereby Northfield has been granted an option to earn a 65% interest in seven iron ...
Tags: Champion Iron Mine, Metals, iron, mineral
In million tonnes JSW took shutdown of one of its COREX furnaces for capital repairs and capacity enhancement during October 2012 and the same is expected to re-start in January 2013. The capacity utilization for the balance units has ...
FeOre is currently reviewing an updated Chinese technical study completed by Baogang Group Design & Research Institute, a subsidiary of China’s Baotou Iron and Steel Group, for the company’s Ereeny Iron Ore Project in Mongolia. ...
Tags: iron ore project, iron ore, FeOre, iron ore concentrate
Business Line reported that Andhra Pradesh chief minister Mr N Kiran Kumar Reddy gave an assurance to the Mr AP Chowdhary CMD of the Rashtriya Ispat Nigam Ltd that the state government is favorably inclined to the petition of the company ...
Tags: power supply, RINL, iron ore mines
The Australian reported that Arrium is considering expansions that could grow a key minerals processing business by more than 20% over the next 5 years through plants in Canada, Brazil and Peru. Mr Andrew Roberts consumables boss of ...
ArcelorMittal and Nunavut Iron Ore Inc, a subsidiary of Iron Ore Holdings, LP and a company in The Energy and Minerals Group, have agreed that Nunavut Iron Ore will increase its interest in Baffinland Iron Mines Corporation from 30% to 50%. ...
Tags: Iron Ore Holdings, Energy, Minerals, Iron Mines
The state assembly said that as many as 5 companies have been granted prospecting licenses for iron ore in Chhattisgarh during 2011-12 and 2012-13 fiscal years. In a written reply to Congress member Mr Mohammed Akbar, CM Mr Raman Singh ...
Tags: iron ore, prospecting licenses, iron, ore, iron ore mining rights
Bloomberg reported that the cost of iron ore shipped to China exceeded the average price of locally mined supplies for the first time in 5 months, ending a price arbitrage that helped push November imports to the second biggest on record. ...
Tags: iron ore, steel making, steel, coal
Business Line reported that the Karnataka Iron and Steel Manufacturers'Association has asked the state government to speed up the grant of various mining leases to resume iron ore mining. Addressing reporters after the KISMA members ...
Tags: KISMA, Mining Clearances, state government