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Steel Mills Change Exports Due to Stagnant Market

Apr 30, 2015

First-quarter steel exports surged 40.7 percent to 25.78 million metric tons as mills responded to weak domestic demand and falling prices, the China Iron and Steel Association said on Wednesday. "Although domestic steel companies face ...

Tags: Steel Mills, steel exports

Govt Is Supposed to Support China's Steel Industry

Mar 9, 2015

Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...

Tags: Steel, Metallurgy, Mineral

JSW Steel Has Announced Its Financial and Operational Results

Oct 28, 2014

Major Indian steelmaker JSW Steel (JSW) has announced its financial and operational results for the first half ended September 30 of the financial year 2014-15, posting a net profit of INR 15.6 billion ($254.4 million), compared to a net ...

Tags: JSW Steel, Results, Energy

Chinese Companies Are Increasing Their Interest in Buying Mining Companies in Mexico

Aug 29, 2014

Chinese companies are increasing their interest in buying mining companies in Mexico, not just exploring sites, said Humberto Gutierrez-Olvera, president of the Mining Chamber of Mexico (Camimex) this week. Gutierrez-Olvera said Camimex ...

Tags: Mining, Mineral, Metallurgy

Ferrexpo's Iron Ore Concentrate Production Increased by 5.7 Percent Year on Year

Jun 13, 2014

Swiss-headquartered resources company Ferrexpo, which controls the Poltava GOK and Yeristovsky GOK iron ore mines in Ukraine, has announced that in the January-May period of the current year its overall iron ore pellet production increased ...

Tags: Iron Ore, Ferrexpo

Odisha Has Allowed Operations to Resume in Eight Iron Ore Mines

Jun 3, 2014

The government of the Indian state of Odisha has allowed operations to resume in eight iron ore mines in the state following its earlier decision to fast-track mining license renewals, according to media reports. The mines that will resume ...

Tags: Iron Ore, Tata Steel

The Indian State of Odisha Is Expected to Renew The Iron Ore Mining Licenses

May 28, 2014

The Indian state of Odisha is expected to renew the iron ore mining licenses of 10 out of 26 local mines within two months, according to a Reuters report quoting an Indian government official saying the license renewal process will be ...

Tags: Iron Ore, Odisha

SSOCHAM Has Stated That The Indian Supreme Court Order for The Temporary Closure

May 26, 2014

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has stated that the Indian Supreme Court order for the temporary closure of about 26 iron ore mines in the Indian state of Odisha may result in a significant fall in ...

Tags: Iron Ore, import duty

a Partial Mining Ban Affecting About Half of The Iron Ore Mines

May 21, 2014

India's Supreme Court has announced a partial mining ban affecting about half of the iron ore mines located in the Indian state of Odisha due to non-renewal of mining leases. The Supreme Court also said that several mines have been found to ...

Tags: Iron Ore, Iron Ore Mines

Domestic Iron Ore Concentrate Prices in Hebei Province Have Declined by an Average 5.7%

May 21, 2014

Domestic iron ore concentrate prices in north China's Hebei province have declined further by an average 5.7% or Yuan 55/dmt ($11) over the week, in response to both lower domestic steel prices as well as weakening imported iron ore prices, ...

Tags: Iron Ore, Concentrate Prices

Tata Steel Group Has Issued Its Group Financial Results

May 19, 2014

India-headquartered steel giant Tata Steel Group has issued its group financial results including Tata Steel Europe for the fourth quarter and the full financial year ended March 31. Tata Steel Group's net profit doubled to INR 10.36 ...

Tags: Tata Steel, blast furnace

China's Pangang Produced 12.07 Million Mt of Iron Ore Concentrate From Its Mines

Jan 9, 2014

Panzhihua Iron & Steel Group, or Pangang, in southwest China's Sichuan province produced 12.07 million mt of iron ore concentrate from its mines in the Panzhihua area of Sichuan last year, which was up 14.3% on 2012 and a record high for ...

Tags: Iron Ore, Iron Ore Concentrate

Hebei Iron and Steel Group Mining Has Received Approval From China's Ministry of Land

Oct 16, 2013

On October 16, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group announced that its subsidiary Hebei Iron and Steel Group Mining has received approval from China's Ministry of Land and Resources for the acquisition of the ...

Tags: Steel, Iron, Iron Ore

CGE Is Planning to List Some of Its Mining Assets Via a RTO of SGX-listed China Mining

Aug 22, 2013

China Geological Exploration Holdings (CGE) is planning to list some of its mining assets via a reverse take-over (RTO) of Singapore Exchange (SGX)-listed China Mining International (China Mining), the CGE said on Monday. The CGE is a ...

Tags: Geological Exploration, Mining Assets

Hebei Steel Has Completed The Project of Buying PMC

Aug 15, 2013

It’s reported that China’s Hebei Steel has completed the project of buying PMC. Now it becomes the largest shareholder of South African miner Palabora Mining Co (PMC). It buys the 74.5% stake of PMC which was owned by Rio ...

Tags: Hebei Steel

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