SSAB EMEA is raising its prices for hot rolled, cold rolled and galvanized coil, as well as heavy plate. Prices are being increased by at least SEK 300 per tonne. The price increases apply to all orders acknowledged after December 5th, ...
Tags: steel scrap price, steel plate, steel strip, iron ore price news
The Australian reported that an ambitious rail plan to create a new Australian steel industry by linking coalfields in the east with mines in the west has taken a step forward with a top Japanese consultancy agreeing to help develop a ...
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Reuters cited Mr Murilo Ferreira CEO of Brazil's Vale SA as saying that he expects iron ore prices to range between USD 110 per tonne and USD 140 per tonne next year. Spot iron ore prices were at USD 116.90 per tonne last week. That was ...
Tags: iron ore price news, steel scrap price, iron, mining
MNA cited Mr Rostam Qasemi oil minister Iran as saying that Iran has the capacity to raise its oil production to over 5 million barrels per day by the early 2016. Mr Qasemi said that at present, 4 million barrels of oil and 600 million ...
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The Associated Chambers of Commerce and Industry of India has welcomed the provisions of spending of at least 2% of net profit on corporate social responsibility activities in the Companies Bill, mandatory for some of the select corporate, ...
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Reuters reported that Shanghai steel futures jumped 1.6 percent on Wednesday, tracking gains in equities, after China's next president said the state will fine tune policies to ensure stable economic growth next year, boosting the outlook ...
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According to preliminary government data, steel imports declined in October by 2.5% compared to September. Mr David Phelps president of AIIS said that "Steel imports declined again in October as demand softened across most product lines. ...
Tags: structural steel, steel scrap price, iron ore price news
RIA Novosti reported that shares in Russian British oil major TNK-BP jumped 6% after Mr Igor Sechin CEO of Rosneft said his company plans to keep the brand following its acquisition by Rosneft. Mr Sechin said earlier that his company ...
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Reuters reported that Brazil's Vale SA expects a huge derivatives market in iron ore to eventually take shape as players seek hedging instruments to minimize risk from increasingly volatile prices. Mr Jose Carlos Martins who runs the iron ...
Tags: iron ore price news, iron fx, derivatives market, steel scrap price