In the week from July 21 to July 27, on the Orbis Steel Index the Turkish scrap index moved upwards, while the US (East Coast) HMS I/II scrap export index switched to sideways movement. In the given week, the Turkish rebar index continued ...
Tags: Orbis Steel Index, Turkish.Move
Ukrainian mining and steel producing group Metinvest has announced that military action in Avdiivka and Yasinovataya in Donetsk region has disrupted the company's supply chain, threatening the finished steel output at its Azovstal and ...
Tags: Metinvest, announce, military action
Swedish speciality steel producer SSAB has announced that the European Commision has approved its merger with Finland-based steelmaker Ruukki. The offer period for the merger is scheduled to expire on July 22. The Commission had concerns ...
Tags: SSAB, Ruukki, Metallurgy, Mineral
Australia-based South American Ferro Metals Limited (SAFM) has announced that it has entered into a memorandum of understanding (MoU) with the owners of the property adjacent to its Ponto Verde iron ore project in Brazil. The memorandum ...
Tags: Australia, Iron Ore, MoU, Metallurgy, Mineral
In the week from August 4 to August 10, on the Orbis Steel Index the Turkish scrap maintained its upward movement, while the US (East Coast) HMS I/II scrap export index continued to move sideways. In the given week, the Turkish rebar index ...
Tags: Turkish Scrap, Steel
Ukrainian mining and steel producing group Metinvest was forced to cut production volumes, due to the complicated situation in the market, SteelOrbis has heard. Metinvest will slow down all new orders and focus on fulfillment of earlier ...
Tags: Metallurgy, Mineral, Energy, Steel
South Korean steelmaker POSCO and China-based Chongqing Iron & Steel have signed a memorandum of understanding for a $3.3 billion investment in China, according to media reports. The agreement will cover POSCO's own steelmaking technology ...
Tags: Metallurgy, Mineral, Energy, Iron, Steel
According to official data, the Mexican government has stopped the export of about 300,000 tons of iron ore (totaling US$30 million) since March from four ships: one containing 68,000 tons, two ships with 100,000 tons each, and a fourth ...
Tags: Iron Ore Ships, iron ore
In a statement released at the conclusion of its mission to Guinea, the International Monetary Fund (IMF) has said that the Simandou iron ore project of Australia-based miner Rio Tinto will contribute to a gradual pick-up in Guinea's mining ...
Tags: Mining Industry, miner
Australia-based miner Mineral Resources has announced that it has acquired a 12.78 percent stake in Australia's Aquila Resources Limited, buying more than 52 million shares in the company. Mineral Resources stated that it has the financial ...
Tags: Mineral Resources, miner
US-based multinational financial services corporation Morgan Stanley has reduced its iron ore price forecast for the current year, expecting a further decline in 2015 as well, since the seaborne supply growth has been faster than expected. ...
Tags: Iron Ore, Morgan Stanley
The Indian government is considering urging Indian state-owned miner National Mineral Development Corporation (NMDC) to halt exports in response to demand from local steel mills facing a shortage of raw materials, a senior government ...
Tags: Iron Ore, iron ore miner
The government of the Indian state of Odisha has allowed operations to resume in eight iron ore mines in the state following its earlier decision to fast-track mining license renewals, according to media reports. The mines that will resume ...
Tags: Iron Ore, Tata Steel
Cleveland, Ohio-based Cliffs Natural Resources Inc. has announced that it is further reducing its expected 2014 capital spending range by approximately 25 percent, or $100 million, to $275-325 million. Cliffs indicated that the lower ...
Tags: Iron Ore, Natural Resources
Canada, Ontario-based ArcelorMittal Dofasco has announced that six out of 13 air emission charges it faced have been settled at court resulting in a fine of $390,000 related to the company's coke making operations violating emission ...
Tags: Air Emissions, ArcelorMittal