Japan-based Daido Steel Co., Ltd has announced that it reached an agreement on July 9 to buy a 10 percent stake in Indian specialty steel producer Sunflag Iron and Steel Company Ltd for approximately JPY 1 billion ($9.87 million). ...
Tags: Daido Steel, Iron and Steel, Metallurgy, Mineral
According to the preliminary data released by Statistics South Africa, in May this year the seasonally adjusted index of iron ore mining production in South Africa increased by 10.8 percent, while the country's manganese ore production ...
Tags: iron ore, increase, Metallurgy, Mineral
According to the preliminary data released by Statistics South Africa (SSA), in May this year South Africa's manufacturing output decreased by 3.7 percent compared to the same month of 2013. The main reasons for the decrease included the ...
Tags: Manufacturing, Decrease, Metallurgy, Mineral
China exported 8.06 million mt of finished steel in July this year, up 14 percent month on month, while it exported 49.07 million mt of finished steel in the first seven months, rising by 36.9 percent year on year, according to data issued ...
Tags: Steel Export, Steel
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
Brazil's iron ore export volume amounted to 29.55 million mt in June this year, decreasing by 3.70 percent compared to May and up 13.20 percent compared to the same month of 2013, according to the information released by the Brazilian ...
Tags: Brazil, Iron Ore, Metallurgy, Mineral
Australian iron ore miner Fortescue Metals Group has announced that its iron ore shipments in the fourth quarter ending June 30 of the financial year 2013-14 totaled 38.7 million mt, increasing by 54.8 percent year on year. In June alone, ...
Tags: Australian, Fortescue Metals Group, Metallurgy, Mineral
Whereas China's steel output has remained at high levels as domestic steel demand has indicated some increases due to the Chinese government's stabilization policy and also given the significant rises seen in export volumes, the growth ...
According to a report released by the South East Asia Iron and Steel Institute (SEAISI), in 2013 China overtook Japan as the biggest source of steel imports of ASEAN (Association of South East Nations) countries, with a market share of ...
Tags: China, steel, Metallurgy, Mineral
Australian iron ore development company BC Iron Limited has announced that it has offered to acquire all the issued shares of Australian miner Iron Ore Holdings (IOH) in a deal worth around A$250 million. Under the takeover deal, BC Iron ...
Tags: Iron, iron ore, Metallurgy
Global steel giant ArcelorMittal has announced that it is currently mining and shipping 5 million mt of iron ore per year in Liberia from its operations in Yekepa and Buchanan. The company is also working on an expansion project that will ...
Tags: ArcelorMittal, Liberia, iron ore
Luxembourg-based ArcelorMittal, the world's largest steelmaker, has announced its financial results for the first half this year. ArcelorMittal has adjusted its assumption for iron ore prices to $105/mt, from the previous $120/mt, implying ...
Tags: steelmaker, crude steel
As of August 4, inventory of iron ore at 33 major Chinese ports amounted to 110.99 million mt, down 0.88 million mt or 0.79 percent compared to the inventory level recorded on July 28, as announced by China's Xinhua News Agency on August 5. ...
Sao Paulo, Brazil-based iron ore mining company and flat rolled steel producer Companhia Siderurgica Nacional (CSN) has announced its financial results for the second quarter this year. In the second quarter, CSN registered a net profit ...
In the first half of this year, Japan's cold rolled sheet and strip shipments decreased by 0.46 percent on year-on-year basis to 3.25 million metric tons, according to the Japan Iron and Steel Federation (JISF) data. 52 percent of shipments ...
Tags: CR Sheet, Strip Shipments