Iron ore declined sooner than expected this year as supplies exceeded demand and prices are unlikely to recover, according to Goldman Sachs Group Inc., which said 2014 will mark the end of a so-called iron age. This year “is the ...
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced on September 12 that it has signed a memorandum of understanding (MoU) for the establishment of a high-volume joint venture steel project in South Africa together ...
Tags: Large Steel, Iron, Steel
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group has announced that in the January-August period of the current year its subsidiary Tangshan Iron and Steel Co. (Tangsteel) exported 2.7003 million mt of finished steel, up ...
Tags: Finished Steel, Iron, Steel
On the evening of Thursday, September 11, Italian steelmaker Lucchini informed SteelOrbis that it has received a new binding offer from Indian steel producer JSW Steel for its core assets in Piombino, Tuscany and is currently considering ...
Tags: JSW Steel
According to the statistics released by the US International Trade Commission (US ITC), in July this year exports of iron and steel scrap from the US amounted to 1.24 million mt, decreasing by 1.77 percent from June, but up 4.38 percent ...
Tags: Metallurgy, Mineral, Energy, iron, steel
A series of iron ore projects may be affected as a result of the low prices the market has seen for the product, according to media reports. Last week, the product reached $83.60/mt in the Chinese spot market, and from the beginning of ...
Tags: Iron Ore, Chinese spot market
In August, China's finished steel output increased slightly, while domestic finished steel prices continued to soften in the given month due to slower economic growth, with the finished steel price decreases contributing to significant ...
Tags: finished steel, Iron Ore
Specialty chemicals group LANXESS is strengthening its production network in China to meet the high level of demand for iron oxide pigments and is adding a mixing and milling plant to the pigment plant already under construction in Ningbo. ...
Tags: Iron Oxide, Red Pigments
Brazil's iron ore export volume amounted to 28.26 million mt in August this year, decreasing by 9.37 percent compared to July and down 9.31 percent compared to the same month of 2013, according to the information released by the Brazilian ...
Tags: Metallurgy, Mineral, Iron Ore
On September 10, the China Iron and Steel Association (CISA) announced that in late August (August 21-31) this year the average aggregate daily crude steel output of large and medium-sized steel enterprises in China - all CISA members - ...
Tags: Metallurgy, Mineral, Energy
The American Iron and Steel Institute (AISI) reported Tuesday that for the month of July 2014, US steel mills shipped 8,492,744 net tons, a 2.4 percent increase from the 8,291,823 net tons shipped in the previous month, June 2014, and a 2.6 ...
Tags: Hot Rolled Sheet, Metallurgy, Mineral, Steel
Brazilian miner and iron ore producer Vale has awarded ABB a $103 million contract for systems at a Vale's iron ore mine in northern Brazil. According to ABB, the deal is part of a project by Vale to expand its capacity. ABB's contract ...
Tags: Metallurgy, Mineral, iron ore
Brazil's transport ministry approved Vale's plan to carry out $4.59 billion in railway infrastructure works, the ministry said. The project may facilitate the transport of iron ore from Vale's $ $17.1 billion Carajas Serra Sul iron ore ...
Tags: Metallurgy, Mineral, iron ore
Brazilian mining and iron ore producer Vale is selling its oil and gas assets to focus solely on iron ore, local Brazilian reports said. According to media reports, one the remaining upstream oil and gas licenses Vale had was now sold to ...
Tags: Oil, Gas, Iron ore, Metallurgy, Mineral
According to the preliminary data released by Statistics South Africa, in July this year the seasonally adjusted index of iron ore mining production in South Africa increased by 7.6 percent, while the country's manganese ore production ...
Tags: Iron Ore, Metallurgy, Mineral