Indian Essar group (Essar) is planning to spend about US$275 million to set up a ten million ton port in Mozambique. The port will facilitate exports from Zisco, a Zimbabwe based company Essar acquired in 2010 with 56% stake that cost ...
Tags: Essar, Mozambique, exports
Evraz UGOK (Southern Ore Mining and Processing Enterprise), a subsidiary of Russian mining and steel producing company Evraz Group, has announced that in February this year its iron ore concentrate production decreased by 2.4 percent year ...
China’s Ministry of Commerce (MOC) has announced that during last week (February 25-March 3) the average steel price in China decreased by 0.4 percent compared to the previous week. In particular, in the given week prices of 10 mm ...
Tags: steel price, steel, steel plate
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting held on March 3-5 in Doha, Yusuf Guven from Helveco Intertrade, the chairman of the raw materials committee, said that China has started destocking steel products, ...
Tags: raw materials, Scrap, Steel
During the last session of the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting held in Doha, Uur Dalbeler, chairman of IREPAS and of the billet suppliers' committee, stated that in 2012 iron ore prices brought great pressure to bear ...
Tags: billet, Scrap Prices, steel
Evraz UGOK (Southern Ore Mining and Processing Enterprise), a subsidiary of Russian mining and steel producing company Evraz Group, has announced that in February this year its iron ore concentrate production decreased by 2.4 percent year ...
Michael Setterdahl from Nucor, chairman of the traders' committee at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting held on March 3-5 in Doha, stated that it was the view of traders' committee that customers worldwide currently ...
Tags: iron ore, coking coal, natural gas
During the speakers' forum at the Port of Tampa 24th Annual Steel Conference on March 1, Patrick McCormick, Managing Partner with World Steel Dynamics, explained that in recent years, scrap demand has been relatively flat--and during ...
Tags: Steel Conference, Steel, scrap prices
Speaking at the SteelOrbis Spring 2013 Conference & 68th IREPAS Meeting taking place on March 3-5 in Doha, Adel Al-Mughram, senior marketing manager at Saudi Arabian company SABIC, underlined that oil is critical of Saudi Arabia and crude ...
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase), in 2012 Brazilian iron ore exports increased 1.45 percent year on year with a total of 296 million metric ...
On February 28, Hong Kong-based conglomerate CITIC Pacific, which includes special steel manufacturing and iron ore mining among its main business interests, announced its financial results for 2012. Accordingly, in 2012 CITIC Pacific ...
Tags: Iron project, CITIC Pacific, iron ore mining
Brazil-based Vale announced Friday that the railroad that links the company's Carajas iron ore mine (the largest in the world) with a port terminal in northeastern Brazil was shut down after a partial derailment early Friday morning. The ...
Tags: iron ore mine, iron ore, Derailment
In the first two months of the current year, Ukraine registered a 1.4 percent decrease in its finished steel product output to 4.243 million mt, a 3.1 percent increase in its crude steel output to 5.446 million mt and a 2.4 percent rise in ...
Tags: steel product, pig iron production, crude steel output
Speaking on February 27, Li Xinchuang, deputy secretary-general of the China Iron and Steel Association (CISA), stated that overall Chinese demand for iron ore in 2013 will reach 1.11 billion mt, up 5.7 percent year on year. The average Fe ...
Brazil-based miner Vale has announced its financial results for the fourth quarter and the full year 2012, reporting its first quarterly loss in 10 years. In the fourth quarter of 2012, Vale registered a net loss of $2.65 billion, ...
Tags: miner Vale, miner, Iron ore prices