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Asian Steel Mills
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Vale's Q3 Net Profits Are Expected to Surge Substantially by 70% Year on Year
Nov 11, 2013The Brazilian mining giant Vale’s third-quarter net profits are expected to surge substantially by 70% year on year to hit US$2.8 billion, driven by lower input cost and increased iron ore prices, according to analysts. It’s ...
Tags: mining giant, Vale
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Aspire Mining Purchases Coking Coal to Be Produced From The Ovoot Coking Coal Project
Jul 11, 2013Australia-based, Mongolia-focused coking coal explorer Aspire Mining Limited has announced that it has signed non-binding memoranda of understanding (MoU) with four North Asian steel mills and coking coal buyers for the purchase of coking ...
Tags: Mining, Coking Coal
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CITIC Pacific Delays Completion of of Its $8 Billion Sino Iron Project Until Late May
Apr 24, 2013Hong Kong-based conglomerate CITIC Pacific has announced that it is delaying completion of its $8 billion Sino Iron project in Western Australia until late May because of engineering problems, the latest in a series of setbacks to plague ...
Tags: CITIC Pacific, Sino Iron Project
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Major Asian Mills Are Expanding Steel Production in Large Extent Across Asia in 2013
Jan 18, 2013It is reported major Asian mills are expanding steel production in large extent across Asia in 2013 which might result in severe oversupply in the face of increased raw material cost and weak market prices. It is said that in Southeast ...
Tags: Asian Steel Mills, Steel
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A New Deepwater Port on Australia's Indian Ocean Coast
Dec 25, 2012Reuters reported that a new deepwater port on Australia's Indian Ocean Coast was supposed to be the showpiece of the country's decade long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past ...
Tags: Iron Ore Mining, Mining Jobs, Coal Mining News, Mining
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Asian Steel Mills Are in Negotiations with The Buyers for Shipment Next Year
Nov 30, 2012It is reported that Asian steel mills are in negotiations with the buyers for shipment next year. The major contracted prices are reportedly to be at the level of US$ 540/ton CFR. The Japanese mills have not completed al ...
Tags: contracted prices, CFR, Shipment, Asian steel mills
