Sweden-based mining and exploration company Dannemora Mineral has announced its operational results for 2012 and the outlook for 2013. In 2012,Dannemora produced 939,000 mt of crude iron ore,including 492,000 mt of crude iron ore in the ...
Tags: Dannemora Mineral, iron ore production to reach full capacity
It’s reported that several steelmakers in Brazil have recently announced to raise the steel selling prices in January as the surged prices of iron ore and coking coals have boosted the input costs. It’s known that the selling ...
Tags: Brazil, steel, selling prices, iron ore, coking coals
Luxembourg-based steel giant ArcelorMittal has announced that it will issue $3.5 billion common shares to reduce its debt significantly. With the share issuance, the company aims to reduce its debt to $17 billion by the end of June this ...
Tags: Luxembourg, steel giant, ArcelorMittal, debt
Global news reports Wednesday indicated that steelmaking giant ArcelorMittal submitted a bid to purchase ThyssenKrupp AG's Calvert, Alabama flat rolled mill. The reports cited ArcelorMittal CFO Aditya Mittal during a conference call ...
Reportedly ArcelorMittal has planned to merge ThyssenKrupp's world-class plant in southern US state of Alabama. Mr.Mittal was asked with analysts about the possible deal after ArcelorMittal unveiled plans for a capital increase worth ...
Tags: ArcelorMittal, Alabama, ThyssenKrupp, US
Global steelmaker ArcelorMittal is considering resuming a blast furnace in its Dunkerque steel plant in northern France, according to media reports. The restart decision is believed to be a result of the slight rise in European steel ...
Tags: steelmaker, ArcelorMittal, Dunkerque steel plant, northern France
Sergei Kuznetsov has been CEO of both Severstal International and Severstal North America since July 2009.He joined Severstal in 2002 to head the business planning group created to acquire foreign assets and develop international ...
Tags: US, HDG price, steel price, automotive market
Kumba final results for the year ended 31 December 2011.Record safety,exports,earnings and dividends. Commenting on the results,Kumba Iron Ore("Kumba")CEO Chris Griffith said:"Driven by export volume growth and a 26%increase in iron ...
Tags: Kumba final results, operating, saftey, marketoutlook
Global steel production will fall over the next 12 months because of current overcapacity and the slowdown in the Chinese economy says Coface. The experts in assessing business sector credit risks have published a report on the challenges ...
Tags: steel sector, steel, steel production, steel industry
Bloomberg reported that the USD 1.1 billion purchase of a stake in ArcelorMittal Canadian iron ore unit by China Steel Corporation and POSCO increased interest in Canada’s ability to meet Asian demand for the steelmaking raw material. ...
Tags: ArcelorMittal, Canadian iron ore unit, China Steel Corporation, POSCO
Business Times reported that iron ore prices hit an eight month high this week. Iron ore is seen as a proxy for industrial activity and construction in China. The commodity is critical for the profitability of mining groups, including ...
Tags: iron ore prices, iron ore, steelmakers, steel production
According to report, South Korea’s Posco and Taiwan’s China Steel Corp (CSC) said they will purchase a 15% stake in Canadian iron ore and pellet producer owned by ArcelorMittal by US$ 1.1 billion. It is joint venture with ...
Tags: South Korea, Posco, Taiwan, CSC, iron ore, ArcelorMittal
ArcelorMittal announced that it has entered into an agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada and a consortium led by POSCO and China Steel Corporation will enter into a joint ...
Tags: ArcelorMittal, agreement pursuant, ArcelorMittal Mines Canada, steel
Business Standard reported that the Mr Miglani family, joint owner with ArcelorMittal of Uttam Galva Steels, has completed the acquisition of Lloyds Steel by reconstituting its board. The company is now in talks with private equity ...
Tags: Mr Miglani family, ArcelorMittal of Uttam Galva Steels, acquisition
Luxembourg-based global steelmaker ArcelorMittal has announced that its wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by South Korean steel producer POSCO and Taiwan's China Steel Corporation (CSC) will ...
Tags: ArcelorMittal, steelmaker, AMMC, steel