Russian mining and steel producing company Evraz Group has announced its financial results for 2013, registering a net loss of $572 million, widening from a net loss of $425 million in 2012. The company's sales revenues decreased by 2.1 ...
Tags: Metallurgy, Mineral, Energy, steel
The European Commission announced the adoption of new rules on public support for projects in the field of environmental protection and energy. The guidelines will support EU member states in reaching their 2020 climate targets, while ...
Tags: Metallurgy, Mineral, Energy
As of April 7, inventory of iron ore at 33 major Chinese ports amounted to 108.28 million mt*, as announced by China's Xinhua News Agency. As of the same date, the Xinhua-China Iron Ore Price Index for imported iron ore with 62 percent ...
Tags: Iron Ore, Metallurgy, Mineral
In March this year, Germany's crude steel output increased by 13.7 percent month on month to 4.05 million metric tons, rising by 6.1 percent compared to March 2013 and exceeding 4 million mt for the first time in 35 months, according to the ...
Tags: Crude Steel
Indian steelmaker JSW Steel has announced that it has acquired a 26 percent stake in Punjab-based Vallabh Tinplate Pvt Ltd (VTPL), fulfilling the customary closing conditions and third party consents. As SteelOrbis previously reported, in ...
Tags: Steel, Metallurgy, Mineral
According to the statistics released by the US International Trade Commission (US ITC), in February this year, exports of iron and steel scrap from the US amounted to 1.20 million mt, increasing 33.42 percent from January and down 36.53 ...
Tags: Iron, Steel Scrap
The American Iron and Steel Institute (AISI) reported Wednesday that for the month of February 2014, US steel mills shipped 7,618,380 net tons, a 3.5 percent decrease from the 7,895,293 net tons shipped in the previous month, January 2014, ...
Tags: Steel Mill, Iron, Steel
According to the short range outlook of the World Steel Association (worldsteel) for 2014 and 2015, the worldsteel Economics Committee has revised down its global apparent steel consumption growth forecast to 3.1 percent from the growth ...
Tags: Apparent Steel Use, Worldsteel
The government of Bangladesh has entered into a financing agreement with the International Development Association (IDA), a unit of World Bank, to establish a food storage facility. As part of the Modern Food Storage Facilities project, ...
Tags: Agriculture, Food, Economy
While the Chinese government has committed to eliminating 80 million mt/year of steel capacity nationwide by 2017, the reduction will be gradual which will see demand for raw material ferrosilicon remain steady in 2014 as compared with ...
Tags: Steel Output, Ferrosilicon
The first vessels of 2014 carrying iron ore to the US Steel Gary sheet mill in Indiana arrived this week, but the mill is still operating at limited capacity, the company said Tuesday. A spokeswoman for US Steel said four boats carrying ...
Tags: Sheet Mill, crude steelmaking
Turkish mills continued to buy scrap at higher levels Monday despite the increased raw material cost, meaning margins for finished steel ebbed away. The US re-entered the market with a deal from a New Orleans source at $388/mt for 25,000 ...
Tags: Steel Scrap, Turkish mills
The first shipment of iron ore from Goa has made its way onto the spot market Tuesday, weeks after the February 17 auction held by the Indian state, following an extended ban on ore exports. Singapore-based trader Unicore Resources ...
Tags: Iron Ore, Goa's mines
In the first three months of the current year, Turkey's steel pipe exports increased by 2.52 percent year on year to 472,894 metric tons, according to the statistics provided by the Turkish Steel Pipe Manufacturers Association (CEBID). The ...
Tags: Steel Pipe, Construction
A spokesperson for ArcelorMittal has confirmed the company's US plate mills in Coatesville, Burns Harbor and Conshohocken are providing 160,000 tons of steel plate to two steel fabricators who are involved in construction of the 3.1 mile, ...
Tags: steel, construction