Indian steelmaker JSW Steel is considering acquiring coal mines in Africa, the US and Canada, according to India-based news agency Press Trust India (PTI). A JSW Steel official stated that the company needs to own mines to reduce costs, ...
Tags: Metallurgy, Mineral, Energy, Coal Mines
Turkey's scrap prices which had fallen to $380/mt CFR for HMS I/II 80:20 by early April were still unsustainable given billet and finished steel prices at that period, said Helveco Intertrade SA director Yusuf Güven in a telephone ...
Tags: Scrap, Turkey, Metallurgy
According to the World Bureau of Metal Statistics (WBMS), in the first quarter of the current year there was a nickel supply surplus of 7,000 mt in the global market. In 2012, the calculated surplus was 130,400 mt. Reported nickel stocks ...
Tags: Nickel, Q1, Metallurgy
It's reported that Nucor announced to cut surcharges for rebar and medium-and-small section steel products to US$227/ton for shipments after May 21st, decreasing by US$24/ton from April 11st. However, Nucor increased base prices for the ...
Tags: Construction, Metallurgy, Mineral, Energy
Baker Hughes reported Friday that for the week ending May 24, the US rig count was down seven from the previous week to 1,762, following no change a week ago. The rig count was also down 221 rigs from the same week a year ago when active ...
Tags: Metallurgy, Mineral, Energy
Reportedly, Kardemir, the largest steel longs producer in Turkey announced to adjust its bar prices for domestic market, effective from May 22nd. After the announcement, its prices for round bars are at TRY1, 150/ton, rising by TRY9/ton. ...
Tags: Construction, Metallurgy, Mineral, Energy
It's reported that that the UAE's integrated steel mill Emirates Steel has announced to cut rebar ex-work prices by AED60/ton to AED2, 350/ton, effective from May 22nd. Besides, the other steel mills in the UAE have also announced to adjust ...
Tags: Construction, Metallurgy, Mineral, Energy
Reportedly, Posco is largest steelmaker in South Korea, planned to develop a new 300,000 metric ton/year cold-rolle non-grain-oriented electrical steel sheet plant at Vile Bhagad in the Raigarh district of western India's Maharashtra state. ...
Tags: Construction, Metallurgy, Mineral, Energy
Tenaris has started operation of two new U and O forming presses at its mill in Brazil. This project is focusing on producing greater wall thickness of various steel grade tubes over 1.5" with diameter between 12 3/4" ~ 48". It’s ...
Tags: Construction, Metallurgy, Mineral, Energy
It's reported that the Russian steel producer Severstal planned to invest US$6.4 million to upgrade equipment including a Sever-6 type ultrasonic testing (UST) unit and a controlled cooling unit (CCU) at the plate rolling facility No. 3 of ...
Tags: Construction, Metallurgy, Mineral, Energy
It is learned that two new steel companies in Ghana is expected to start operations by the end of next month. The new mills are Jordanian-owned Rider Steel and Lebanese-owned United Steel Limited, their production capacity are 5,000 tons ...
Tags: Construction, Metallurgy, Mineral, Energy
It is learned that Brazil's steel distributors purchased 15.8% more in April, compared to the same month last year and 4.3% up compared to this March. According to National Institute of Steel Distributors (INDA), the total volume of steel ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
According to statistics, Ukraine exported around 2.023 million tons of steel products in March, rising by 4% from a month ago. In March, the country imported 112,300 tons of steel products, up by 3.3% from the previous month. In the first ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
Reportedly, the European engineering steel market demand was still sluggish and prices to remain unchanged in May which has not changed from last month. Currently, the European steel bar transaction prices of C45 grade hot rolled round bar ...
Tags: Metallurgy, Mineral, Energy
Ferroalloy refers to the different alloys of iron that are made up of by the mixing of two or three different elements like manganese, silicon, molybdenum and others. These are used further to produce other products like steel and other ...
Tags: Ferro Alloys, Metallurgy