An official figure in the Iranian National Petrochemical Company said that world's largest ethylene producer has been launched in Asalouyeh.Official added that the West Ethylene Pipeline will begin operation. Mr Reza Amiri directing ...
Tags: Iranian National Petrochemical Company, Asalouyeh, ethylene, pipeline
The prospects for a pick up in China's economy are getting better by the week,with more signs that 2013 could be a strong year.It is good news for the Australian economy,which has slowed in the past year in the wake of a sharp fall in the ...
Tags: China's economy, Australian economy, iron ore, CEWC
Reuters reported that under pressure from customers and competitors,Gazprom is likely to cut long-term contract prices for Europe next year to levels comparable to those in the spot market. The price of the natural gas Gazprom sells to ...
Tags: Gazprom, prices, Gas, spot market
JFE Shoji Trade Corporation announced the execution of a USD 9 million Loan Agreement(the"Loan")with OM Materials(S)Pte Ltd a fully owned subsidiary of OM Holdings Ltd. OMH is listed on the Australian Securities Exchange with principal ...
Tags: JFE Shoji Trade, Loan Agreement, OM Materials, ore sourcing
Nucor Corporation announced guidance for its fourth quarter ending December 31st 2012.Nucor expects fourth quarter results to be in the range of USD 0.25 to USD 0.30 per diluted share.This represents a decrease from the third quarter of ...
Tags: Nucor Corporation, profitability, steel, results
The Moscow Times reported that a Gazprom Neft-controlled energy company will help build Serbia's first wind farm. Naftna Industrija Serbia,which is 56.5%controlled by Gazprom Neft,signed a deal last week with Serbian Energowind to build a ...
Tags: wind farm, Gazprom Neft Unit, Serbia
Metals USA, Inc a wholly owned subsidiary of Metals USA Holdings Corp announced that it has entered into a new seven year senior secured term loan in the amount of USD 225 million and has redeemed all USD 226.3 million of its outstanding 11 ...
Tags: Metals, loan debt, Senior Secured Notes
Business News Americas reported that Brazilian crude steel production increased 2.4% to 2.8 million tonnes in November, and slipped 1.4% to 32.1Mt in the first 11 months of the year According to a statement released by the association ...
Tags: crude steel, production, rolled products
Economic Times reported that condition for Indian steel players is worse when compared to their global peers. At a time when global steel prices are rising, prices domestically have remained flattish due to subdued demand and continuing ...
Tags: steel, steel prices, flat steel, scrap
Reuters reported that Aluminium smelters in China have agreed on higher ratios of metal prices next year to value purchases of the raw material alumina spurred by worries of tighter supply at home. Traders and sources at smelters said ...
Tags: aluminium smelters, metal, Metal Exchange, alumina
Reuters reported that a dispute between Papua New Guinea and Canada's Nautilus Minerals threatens to sink plans to mine gold and other metals for the first time from the ocean floor. It could also work against efforts by the South Pacific ...
Tags: underwater miner, deposit copper, gold, minerals
A new 10 year electric power supply contract signed on December 7th 2012 ends years of job uncertainty for 625 Alcoa Intalco Works employees. More than 100 workers gathered at the aluminum smelter's Totem Terrace assembly hall west of ...
Tags: electric power supply, electric power, BPA, aluminum smelter
Beyond the short time,demands for steel will maintain lower than supply and the marginal cost for raw materials are heading for decline,and thus the cross year increase for steel prices will perform reasonably. Investments in Real Estate ...
Tags: demands for steel, steel prices, railway infrastructure construction
Gulf News reported that UK based energy giant BP PLC has been invited back to bid for a renewal of its stake in Abu Dhabi’s oil concession and the Abu Dhabi National Oil Company aims to announce a shortlist of bidders soon. Although ...
Tags: oil, energy giant, oil concession, oil companies
Tokyo Steel Manufacturing Co is relocating output to deal with rising power costs in the wake of last year's nuclear disaster. The company's president, Mr Toshikazu Nishimoto, said that higher electricity tariffs will push up costs for an ...
Tags: Steel shifts output, power costs, Steel Manufacturing, Steel