According to media report on the last day of 2013, the future prices of the steel deformed bar has gained for a third day in Shanghai Future Exchange as high as 0.4 percent to about US$598/ton. The reason is to be believed that it is ...
Anhui Province-based Chinese steelmaker Magang Group has stated that its subsidiary Maanshan Iron & Steel Co., Ltd (Masteel) plans to acquire 11 percent of shares in Maanshan Iron & Steel (Hong Kong) Co., Ltd from Magang Group. Magang Group ...
Tags: steel, metallurgy, Hong Kong
Afghan Iron & Steel Consortium, which includes seven Indian companies and is led by India's state-owned Steel Authority of India Ltd (SAIL), is scaling back its iron ore investment in Afghanistan, according to media reports. The Indian ...
Tags: steel, metallurgy
Major Pilbara iron ore ports including Dampier, Cape Lambert and Port Hedland had to shut down due to cyclone Christine making landfall in the north of Western Australia on Monday, December 30, according to Reuters. The ports evacuated ...
As of December 31, inventory of iron ore at 25 major Chinese ports amounted to 84.197 million mt, indicating a decrease of 1.206 million mt or 1.41 percent week on week, as announced by China's Xinhua News Agency. As of the same date, the ...
Tags: Iron Ore, Chinese Ports
Vale S.A. (Vale) informs that it is declaring force majeure (FM) on a number of its iron ore sales contracts as a result of the weather conditions in the Southeast of Brazil. Heavy rainfalls since December in the Southeast of Brazil, ...
Tags: Vale, force majeure, iron ore sales
On December 30, Chinese steel producer Hebei Iron and Steel Group announced that in the current year up to and including December 25 the Yanshan iron ore mine of its subsidiary Hebei Iron and Steel Group Mining Co. achieved a total iron ore ...
Tags: steel, metallurgy
In October this year, iron ore production in Peru amounted to 645,830 mt, surged by 354.48 percent compared to the same month of the previous year, according to Peru's Energy and Mining Ministry. In the first 10 months of 2013, the ...
Indian iron ore producer Sesa Goa has announced that it has received permission from the monitoring committee appointed by India's Supreme Court to resume mining activities at its Karnataka mine. Accordingly, the company has commenced its ...
Shandong Province-based Chinese port company Rizhao Port Co. plans to launch a joint venture company with local Chinese steelmaker Shandong Iron and Steel Group Co. and Shandong State-owned Assets Investment Holdings Co., with a registered ...
Tags: steel, metallurgy
In the January-November period this year, the aggregate gross profits of large and medium-sized industrial enterprises in China amounted to RMB 5.3338 trillion ($871.5 billion), increasing by 13.2 percent year on year, according to data ...
Officials with the US Army Corp of Engineers revealed this week that they will not work with the Wisconsin State Department of Natural Resources (DNR) on a major part of the permit process for an open pit iron ore mine in the northern part ...
Tags: Iron Ore Mine, Mineral
Port Hedland, one of the key iron ore export ports in the resource rich Pilbara region in Western Australia, is planning to start a shutdown on Saturday, December 28, amid a cyclone threat, according to media reports. A tropical low, ...
Tags: iron ore, export ports, Mineral
Nucor Corporation announced Friday the successful start-up of production at its direct reduced iron (DRI) facility in St. James Parish, Louisiana. Production of DRI began on Tuesday, December 24, and has continued at planned ramp-up levels ...
Vale SA announced Friday that it has declared force majeure for some iron ore delivery contracts due to heavy rains in the southwest part of the country. Flooding and landslides in the states of Minas Gerais and Espirito Santo have ...
Tags: Iron Ore Deliveries, Mineral