Chinese steelmakers' profits will remain low next year as output remains high and demand growth slows, said industry experts. The ratings agency Moody's Investors Service said on Wednesday that its outlook for the Asian steel and coal ...
Tags: Steel Sector, steel capacity
Reportedly, the Brazilian mining giant Vale is planning to reduce costs and decrease capital spending by selling its minority interest of a 26.9% stake in its business of steel, coal and fertilizer in CSA Plant. The Plant is majority-owned ...
Tags: steel, Metallurgy, Mineral
According to the preliminary data released by Statistics South Africa (SSA), in October this year the country's manufacturing output rose by 1.5 percent compared to the same month of 2012, while the seasonally adjusted manufacturing ...
Tags: Iron and Steel, Mineral Output
China's Ministry of Commerce (MOC) has announced that during last week (December 2-8) the overall average finished steel price in China increased by 0.1 percent week on week. In the given week, the average prices of 500 mm x 200 mm ...
Tags: Finished Steel, Metallurgy
The government of the Indian state of West Bengal has given approval for construction of an integrated textile park in Belur in the South 24 Paraganas district and a new silk park in the Maldah district, reports The Times of India. The ...
Tags: Textile Park, West Bengal
Covidien is making an $860 million bet that people would much rather swallow a pill-sized camera than undergo a traditional colonoscopy. Dublin, Ireland–based Covidien, announced over the weekend that it will pay $30 per share for ...
According to data released by Taiwan’s Ministry of Finance, the country’s export values of iron and steel totaled US$1.33 billion in November, rising by 7.75% year on year but falling by 14.61% from the previous month. In ...
Tags: Taiwan, steel, metallurgy
It is reported that Wuhan Iron and Steel Corp. (Wisco) announced to supply top sedan production of prototype side of Board November 16th one of the continent's top joint venture car factory. It is learned that the car side plate is the ...
Tags: iron, steel, metallurgy
According to data released by the Korea Iron & Steel Association (Kosa), the country’s heavy plate production totaled 744,800 tons in October, up by 3% from a month ago and increasing by 2% year on year. In the January-October ...
Ukrainian iron ore and agglomerate producer Uzhniy GOK (UGOK) has announced that in November this year its iron ore concentrate production increased by 12.05 percent year on year to 940,100 mt. Its output of agglomerate in the given month ...
Tags: iron, metallurgy
Brazil's iron ore export volume amounted to 30.9 million mt in November this year, decreasing by 4.97 percent compared to October and down 5.13 percent compared to the same month of 2012, according to the information released by the ...
Tags: iron, export, metallurgy
Xiong Xinhai, CEO of WISCO CAD (Hong Kong) Mining Company, Ltd (formerly known as China Union (Hong Kong) Mining Company, Ltd), has stated that, while the first phase of the Bong iron ore mine project in Liberia was successfully ...
Tags: iron, metallurgy
On December 9, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO) announced that it has concluded an investment agreement with the local government of the county of Huoqiu in China's Anhui Province. ...
Tags: steel, metallurgy, investment
According to a Monday report from Forbes, Brazilian mining giant Vale is planning to sell partial stakes in its steel, coal and fertilizer businesses in order to reduce costs and decrease capital spending. The steel stake up for grabs is ...
Tags: cost, metallurgy, CSA
According to a report from the American Iron and Steel Institute, in the week ending December 7, 2013, domestic raw steel production was 1,829,000 net tons while the capability utilization rate was 76.3 percent. Production was 1,785,000 net ...
Tags: raw steel, metallurgy