Reuters reported that Shanghai steel futures extended last week's rally and rose nearly 2% on Monday, buoyed by upbeat Chinese manufacturing data and higher raw material prices. The most active rebar futures contract on the Shanghai ...
Tags: Shanghai steel futures, China, steel market, Chinese manufacturing data
Putting behind the gloom of 2012 Chinese economy and industry seems to be warming up for an auspicious entry into 2013 at long last. Q4 has seen sudden turn of events kindling hopes of revival in Chinese steel industry backed by impressive ...
Tags: Chinese Economy, steel industry, infrastructure projects, China
Dubai's transport authority said that one of its biggest road construction projects will be officially completed next month. The Roads and Transport Authority said that all intersections of Al Khail Road will be opened on January 4th. ...
Tags: Dubai, transport authority, road construction projects, January
MNA cited Mr Abbas Memarnejad, Customs Administration Director of Iranian, as saying that Iran conducted USD 71.2 billion in trade of non oil goods with other countries during the first nine months of the current Iranian calendar year, ...
Tags: Iran, non oil goods, exports, Iran economy
As the Chinese market furrowed on, unperturbed by the holidays, fewer deals were done, perhaps due to a slowdown in the number of negotiable candidates as many owners were already in a holiday mode. One deal was however concluded - ...
Tags: China, Ship Breaking Industry, ship breaking, China economy
PTI cited Venture Capital fund, Kalaari Capital, as saying that it has invested INR 5 crore into Power2sme, a small businesses purchase aggregator. Kalaari Capital in a statement said that the infusion will be used for expanding ...
Tags: Venture Capital fund, Kalaari Capital, India, company news
Business Standard reported that the shortage of iron ore seems to have hit steel companies in the small and medium segments the hardest. According to recent data by the Joint Plant Committee, the non alloy and carbon steel segment saw ...
Tags: iron ore, India, non alloy, carbon steel segment
It is reported that Hyundai Steel Company issued a USD 17.2 million letter of credit to Australian iron ore company Pluton Resources against the purchase of four shipments commencing in August 2013. Mr Tony Schoer MD of Pluton Resources ...
Tags: Hyundai Steel Company, Australia, iron ore, Pluton Resources
PTI reported that a US judge gave preliminary approval to a USD 1 billion plus settlement with Toyota Motor Corp in cases involving problems of sudden, unintended acceleration by its vehicles. Attorney Mr Steve Berman in a statement said ...
Tags: US judge, Toyota Motor Corp, acceleration, vehicles
APP reported that China privately owned Hanlong Group has close to finalizing the acquisition of Australia's Sundance Resources, a mining firm that controls a major iron ore mine in West Africa. Such a move would give China a stronger ...
Tags: China, Hanlong Group, acquisition, Sundance Resources, mining
Japanese buyers have agreed an aluminium premium of USD 240 per tonne with Rio Tinto Alcan for some January to March shipments, down from a record this quarter, reflecting easing demand as the world’s third largest economy slips into ...
Tags: aluminium premium, Japan, Rio Tinto Alcan, aluminium
A top government official said that the work on the BHD 24.2 million Mina Salman Interchange project has reached 47% and is expected to be opened for traffic in November next year. Mr Essam Khalaf, Works Minister said that “The ...
Tags: Mina Salman Interchange, infrastructure project, transport
The West Australian reported that Western Areas managing director Dan Lougher said that the Glencore-Xstrata merger could be the catalyst for a wave of acquisition activity in the WA nickel sector this year, with the new global giant primed ...
Tags: West Australian, Western Areas, Nickel Sector, WA nickel
The Australian Financial Review reported that Fortescue Metals Group Ltd chief executive officer Mr Nev Power has warned of more short term volatility and fluctuations in the price of iron ore, saying the current rally is unlikely to last ...
Bloomberg reported that Austrian steelmaker Voestalpine AG said on December 19 it may construct a EUR 500 million factory in the US to benefit from cheap gas. Nucor Corp also plans to start up a USD 750 million Louisiana project in mid ...
Tags: Voestalpine AG, steel, gas, Austria