Of late, there are allegations that the nation's largest iron ore producer, government owned NMDC, is exporting it to Japan at a much lower price than what the domestic steel industry pays. Also, with Mr CS Verma being the chairman of ...
Tags: ore producer, NMDC, sponge iron
It's reported that China Steel Corp. (CSC), the largest steelmaker in Taiwan announced to remain its list prices for electric furnace (EF) Al-killed wire rods unchanged at NT$21,200/ton for December, terminating the price cut for ...
Chinese automkaer Futian Automobile is planning to build a new utility vehicle assembly plant in Cameroon, west Central Africa. About $500m will be invested in the construction of the new plant, which will be located at Kirbi that include ...
Tags: Futian, Assembly Plant, Cameroon
Business Line reported that the Monnet Group is giving a re-look to its power business amid uncertainties in the sector. Mr Sandeep Jajodia CMD of Monnet Group said that an earlier target to establish 3,000 MW capacities by 2017 now seems ...
Tags: Monnet Group, power business, power, capacity
The mystery of steel price plummeting amidst improving economic parameters in China can be imputed to destocking at the traders and stockiest end. Use of steel products particularly HRC as collateral for availing credit by the market ...
Tags: steel, steel products, iron, steel mills
It was assessed by SunSirs that in the tracked 100 spot commodities,17 commodities increased in prices, 26 fell and 57 remained unchanged on 28/11/2012.The largest rises were Soybean meal (1.29%),Nickel (0.90%),Benzene (0.40%),while the ...
Tags: Spot Commodities Price, Soybean meal Price, Nickel Price
In November, Cargotec secured a breakthrough contract for two large Siwertell coal unloaders from Formosa Petrochemical Corporation part of the Formosa Plastics Group. The unloaders will be the largest that Cargotec has delivered so far and ...
Mr Beni Prasad Verma the minister of steel in a written reply in the Lok Sabha informed that although, progress of each and every steel project is not monitored by the Ministry of Steel, some of the major steel projects where no noticeable ...
Tags: steel, steel project, Steel company
Proactive Investors reported that Anglesey Mining described the half year, to end of September, as 1 of mixed fortunes. The group's 19.7% owned iron mining associate Labrador Iron Mines improved its operations substantially with a big ...
Tags: Anglesey Mining, metal price, LIM, zinc
According to report, a bidding group including steelmaker Posco is trying to purchase about US$1 billion stake in Canadian iron ore mine owned by ArcelorMittal. The group looks to acquire about a ten percent stake in ArcelorMittal ...
Tags: Mine, the raw material, steelmaker
According to Luciano Siani, Director of Finance and Investor Relations of Vale, Chinese steel production is expected to grow about 3% in a period of between 5 to 10 years. He pointed out Chinese steel production is already growing ...
Tags: Chinese steel production, the GDP growth rate, steel production
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals, in September 2012 Brazil's iron ore exports amounted to 26.1 million metric tonnes, rising by 1.1% YoY and down 5.8% ...
Tags: iron ore, iron ore exports, Samarco
As of November 23rd 2012, inventory of iron ore at thirty major ports in China amounted to 82.63 million tonne decreasing on WoW basis for a fourth successive week, down by 2.68 million tonne WoW and down 14.7 million tonne compared with ...
Tags: iron ore, iron ore inventory, inventory, mineral
Rio Tinto, the second-biggest iron ore exporter in the world, expects Chinese annual steel production will increase by around 30% to reach to 1 billion tons within the next two decades. Rio Tinto's chief economist Vivek Tulpule said that ...
Tags: Steel, Steel Output, iron ore
MCC Northern Engineering & Technology Corporation announced that the Concentrating Mill of Yuanjiacun Iron Mine with largest amount of raw ore in Asia had been successfully put into trail run. As of November 19th 2012, the products made ...
Tags: MCC, Yuanjiacun Iron Mine, iron mine