Prices of hot rolled steel coils for January shipment rose further in the Asian region.The Japanese mills are predicted to raise their prices in negotiations on HR coils for February shipment as well taking an advantage of such ...
Tehran Times cited Mr Ahmad Alirezabeigi Iran's East Azarbaijan Province's governor general as saying that Iran and Armenia have set the target of USD 3 billion in their annual bilateral trade. The report said that on December ...
Tags: Iran, Armenia, Annual Trade Target
It is reported that Saudi Electricity Company plans to set up three transformer stations across the country at a cost of USD 346 million within two and a half years to meet the growing power demand. It report said that the Saudi state ...
Tags: Saudi, power, Electricity Company, demand
The second phase of the major iron processing factory in Herat has been inaugurated.The project,costing USD 11mn,was inaugurated by local officials and the Afghan Chamber of Commerce and Industries branch in Herat. Speaking at the ...
UAE market seems to has become averse to new bookings of HRC. Apart from slow demand aggressive offers by Chinese mills has stalled aspirations of Japanese and Korean mills. It is learnt that Japanese mills off late are reluctant to give ...
Tags: UAE market, new bookings, HRC, mills
Angang,a large steel maker in the world in terms of crude steel output,announced CNY 18.6 billion investment plan to expand 7 existing mines,construct 3 new mines and update 2 tailings reservoirs in a hope to raise its iron ore independency ...
Tags: Angang, steel maker, analyst, iron ore
Energy.gov reported that senior Advisor in the Office of Energy Efficiency and Renewable Energy Mr Gil Sperling joined local officials and company representatives for the ribbon cutting ceremony and tour of the ArcelorMittal steel ...
VNS reported that a contract to provide and install VND 1.57 trillion worth of equipment for the Mong Duong 1 thermal power plant in northern Quang Ninh Province was signed in Ha Noi last Friday. Under the contract between Viet Nam ...
Tags: Hyundai, Power Plant, Vietnam, Machine Installation Corporation
As the lowliest of the Indian sub continent markets, it was another difficult week of decline and fall in Alang as cash buyers and owners struggled to get their vessels delivered at previous high prices. Several as is deals with Indian ...
Tags: India, sub continent markets, vessels, transport
A noticeable slowing in the number of candidates and actual deals concluded for the week seemed to signal the start of the inevitable slowdown mat will likely characterize the Christmas and New Year period. Indeed, many units that had ...
Tags: India, oil, oil industry, festive period
AFP reported that Russian President Vladimir Putin unveiled the final extension of a new USD 25 billion oil pipeline to the Pacific that marks the energy power's gradual shift away from weak European markets. The East Siberia-Pacific ...
Tags: AFP, Vladimir Putin, energy power, oil industry
It’s reported that the US scrap export prices to Taiwan have increased before the Christmas. It’s learned that the US scrap supplier offered HMS 80:20 (1&2) to Taiwan quoted at USD 380 per tonne C&F this week, rising by USD 5 ...
Tags: scrap, export prices, US, scrap price
ArcelorMittal Kryvyi Rih steel plant in Ukraine announced a new wave of dismissals. 446 workers will be cut which amounts to 1% of the total workforce. Metallurgical and Mining Industry Workers’ Union of Ukraine (MMIWU), an ...
Tags: steel plant, steel, steelworkers, Metallurgical, Mining Industry
A European unit of Dubai contractor Drake & Scull International has secured two water treatment contracts in Romania with a combined value of AED 90 million. Passavant Roediger, a wholly owned subsidiary of DSI based in Germany will ...
Essar Steel of Minnesota got some help from the Iron Range Resources & Rehabilitation Board Thursday, when the board voted to extend the deadline for payment of USD 6.7 million in a loan and interest from December 31, 2012, to October 1, ...
Tags: Essar Steel Minnesota, Iron Range Resources, Essar Steel, iron