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Iron Ore Majors Must Cut 'like It's 1994' to Halt Further Price Drop: Investec

Dec 16, 2015

Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...

Tags: iron ore, aluminum

Asian Iron Ore Prices Hit $44/Dmt, Lowest Recorded on Iodex

Nov 25, 2015

Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...

Tags: Seaborne iron ore, steel, ore

China Dominating The Steel Scrap Market in 2015

Jul 11, 2015

Despite buying a little more than 500,000 mt of scrap in the first three months of this year, China is dominating the steel scrap market, according to the latest Bureau of International Recycling World Mirror on ferrous metals. China ...

Tags: Ferrous Scrap, Steel Scrap

Sandvik Issued Its Financial Results for The Third Quarter and The First Nine Months

Oct 30, 2014

Swedish high-technology engineering and steelmaking group Sandvik has issued its financial results for the third quarter and the first nine months of the current year. According to its financial results, Sandvik's net profit for the third ...

Tags: Sandvik, results, Energy

Cevital Files a Binding Bid to Acquire Lucchini's Steelmaking Plant

Oct 22, 2014

Algerian food processor Cevital has filed a binding bid to acquire Lucchini's steelmaking plant in Piombino in Italy's Tuscany region, as announced by Lucchini on October 20. Lucchini added that special commissioner for Lucchini, Piero ...

Tags: food processor, Algerian Group

Steelorbis 2014 Fall Conference & 71st IREPAS Meeting Got Underway in Berlin Today

Sep 30, 2014

The SteelOrbis 2014 Fall Conference & 71st IREPAS Meeting got underway in Berlin today, September 29, with the participation of almost 300 executives, including 82 representatives from 43 steel producer companies from a total of 21 ...

Tags: IREPAS, Economy, Energy

SMA Commented on Monday's US International Trade Commission Hearing

Sep 18, 2014

The Steel Manufacturers Association (SMA) commented on Monday’s US International Trade Commission (ITC) hearing, the final phase of antidumping and countervailing duty investigations on steel concrete reinforcing bar from Turkey and ...

Tags: SMA, US ITC Hearing, Metallurgy

JSW Steel to Buy The Steel Complex of Italian Steelmaker Lucchini in Piombino

Sep 17, 2014

Sajjan Jindal, the millionaire owner of Indian steel producer JSW Steel, has stated that he has offered less than $100 million to buy the steel complex of Italian steelmaker Lucchini in Piombino, Tuscany, Italy, while not wanting to take on ...

Tags: JSW Steel, Mineral

China to Lower The 17% Tax on Steel Scrap Sales

Sep 5, 2014

The China Association of Metalscrap Utilization has been lobbying the central government to lower the 17% tax on steel scrap sales to help increase its utilization in steelmaking, CAMU Secretary General Li Shubin said at the 7th China ...

Tags: Steel Scrap, Metal, Mineral

NLMK Kaluga Has Stated That It Has Produced Its One Millionth Metric Ton of Steel

Aug 27, 2014

NLMK Kaluga, a subsidiary of Russian steelmaker NLMK Group and producer of long steel products for construction, has stated that it has produced its one millionth metric ton of steel. NLMK Kaluga is a next-generation EAF mill, part of ...

Tags: NLMK Kaluga, Steel, Metallurgy

Assumptions About The Direction and Dynamics of The Iron Ore Market Have Been Tested

Aug 27, 2014

Long held assumptions about the direction and dynamics of the iron ore market have been severely tested in 2014. After hitting a high of $158.90 in February, the industry was jolted on March 10, when iron ore suffered the worst one-day ...

Tags: Iron Ore, raw material

BHP Billiton Has Announced Its Financial Results for The Year Ended June 30 This Year

Aug 21, 2014

Australian mining company BHP Billiton has announced its financial results for the year ended June 30 this year. According to the company's financial statement, BHP Billiton has posted a net profit of US$13.83 billion for the financial ...

Tags: BHP Billiton, Financial Results, Energy

Evraz Has Announced The Signing an Agreement to Sell 34 Percent of The Issued Share

Aug 18, 2014

Russia-based steelmaking and mining giant Evraz has announced the signing an agreement to sell 34 percent of the issued share capital of its South African subsidiary Evraz Highveld Steel and Vanadium (Highveld) to Macrovest 147 Proprietary ...

Tags: Evraz, Metallurgy, Mineral

Indian Finance Ministry Should Review Its Budget Proposal to Increase The Royalty Rate

Aug 13, 2014

On July 22, the Indian industry body ASSOCHAM has suggested the Indian Finance Ministry should review its budget proposal to increase the royalty rate on iron ore from 10 percent to 15 percent with a view to maintaining cost competitiveness ...

Tags: iron ore, domestic industry, Mineral

Evraz Group S.A. Has Announced That Its Crude Steel Output in The Second Quarter

Aug 13, 2014

Global steelmaking and mining giant Evraz Group S.A. has announced that its crude steel output in the second quarter of the current year increased by 1.1 percent quarter on quarter but decreased by 4.2 percent compared to the same quarter ...

Tags: crude steel, Evraz Group, Metallurgy, Mineral

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