Demand is stable, prices are decent, and struggling end-use sectors seem to be on the rebound, yet the US long product market remains relatively stagnant. Speakers at SteelOrbis' annual Rebar & Wire Rod Conference in Las Vegas on February 4 ...
Tags: Rebar, Wire Rod, Colakoglu Steel
Australian mining giant Fortescue Metals Group Ltd has announced that it has agreed with Australia-based company Iron Ore Holdings Limited (IOH) to the early termination of Fortescue's exclusive option to develop IOH's Iron Valley deposit. ...
Tags: Iron Valley, mining giant, mining
Australia-based Aquila Resources Limited has announced that it has decided to maintain its A$7.4 billion West Pilbara iron ore project on minimum expenditure for the remaining of the financial year 2012-13. In December 2012, Aquila stated ...
Tags: iron ore project, iron ore, steel
In the week from January 28 to February 3, on the Orbis Steel Index the scrap indexes maintained downward movement. In the given week, the Turkish rebar index continued to decrease, marking the third consecutive week of downward movement. ...
On January 31, Turkish plantmaker CVS Makina told SteelOrbis that it has started cold tests in the meltshop of Turkish steelmaker Toscelik's new rebar project in the northwestern Algerian city of Oran. The investment in the project totals ...
Tags: CVS Makina, SteelOrbis, Turkish steelmaker, Toscelik
Brazilian miner Vale plans to reduce its 50 percent shareholding in Companhia Siderúrgica do Pecém (CSP), a slab making joint venture with South Korean steelmakers POSCO (20 percent) and Dongkuk (30 percent), according to ...
Tags: steelmakers, miner, Vale
Australia-based miner Royal Resources Limited has announced that it has completed the pre-feasibility study on its Razorback iron ore project in Adelaide, South Australia. Accordingly, Royal Resources anticipates an annual mining rate of ...
In the week from January 21 to January 27, on the Orbis Steel Index the scrap indexes continued to decrease. In the given week, the Turkish rebar index maintained its downward movement. The Turkish HRC and CRC indexes switched to sideways ...
Tags: Orbis Steel Index, Turkey, rebar index
UK-based mining giant Anglo American has announced that it has completed the cost and schedule review for its Minas Rio iron ore project in Brazil, reporting that it expects to register an impairment charge of $4 billion on the basis of ...
Tags: Anglo American, Minas Rio, iron ore project
Ozkan Steel USA LLC will build a steel plant with an annual capacity of 300,000 mt in southern Louisiana, US, focused on the shipbuilding industry, with a total investment of $150 million. The steel plant will employ 350 people. The exact ...
Tags: build steel plant, steel plant, scrap metal
Luxembourg-headquartered global steel giant ArcelorMittal has announced that it will permanently close a number of additional assets in Liege, Belgium, threatening 1,300 jobs, due to a further weakening of the European economy and the ...
Tags: steel giant, steel demand, steel
Port Hedland in the iron ore-rich Pilbara region in Western Australia was shut down on January 22, due to tropical cyclone Peta which is expected to make landfall on Wednesday, January 23, slowing down iron ore shipments to the Far East. ...
Tags: Iron ore ports, Iron ore, Iron ore industry
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has warned that reducing India's 30 percent export duty on iron ore will harm the domestic steel industry which is currently experiencing a structural deficit of iron ore ...
Tags: ASSOCHAM, iron ore, India, metal industry
During the panel discussion at the SteelOrbis Market Talks Meeting held in Izmir this week, Turkish Construction Steelwork Association (TUCSA) vice president Yener Gür'e stated that the earthquake which hit the city of Van in eastern ...
Tags: structural steel, Construction Steelwork, steel sector
During the panel discussion at the SteelOrbis Market Talks Meeting held in Izmir this week, Serdar Kilimci, sales manager of Turkish steel producer Colakoglu Metalurji, discussed the possible reasons for the increase in Turkish flat steel ...
Tags: flat steel prices, flat steel, steelmaker