Asia Pacific Steel Sector News [more headlines]

Is China Backtracking On Attempts To Control Iron Ore: Clyde ...
Mon, 17 Jun 2013 06:45:17 +0100
It may be too early to start beating the drums of victory for free-market capitalism, but there are signs that China is stepping back from attempts to control the iron ore market. Just three months after ...


Tokyo Steel prices unchanged for 4th month amid rising China supply ...
Mon, 17 Jun 2013 06:01:24 +0100
TOKYO, June 17 (Reuters) - Tokyo Steel Manufacturing Co Ltd , Japan's top construction steel maker, will keep prices of key products unchanged in July for the fourth straight month amid rising supply from China and inventory adjustment at home. The ...


China adopts measures to combat air pollution
Mon, 17 Jun 2013 01:15:47 +0100
Reforms a response to concerns over industrial pollution and risk of more protests leading to undermining of social order


$6bn iron-ore project collapses - The Australian
Sun, 16 Jun 2013 03:22:00 +0100
THE end of the nation's decade-long mining investment boom was underlined yesterday by the collapse of the $6 billion Oakajee mine, port and rail network, a project aimed at opening up a huge new iron ore export province in Western Australia. Japanese ...


Iron ore import licensing to be scrapped - China Daily
Sat, 15 Jun 2013 14:34:00 +0100
China is to abandon its old iron ore import licensing system in July in an effort to further open up the market, a move that will bring more business opportunities to foreign producers and traders, according to a leading industry insider on Friday. In ...


China to scrap iron ore import licence system -source
Thu, 13 Jun 2013 23:01:19 +0100
China plans to scrap its decade-old iron ore import licensing system this year, an industry source said on Thursday, a move that may further lift imports in a market that takes two-thirds of the world's ...


Finland's Outokumpu to supply stainless steel billet to China's ...
Thu, 13 Jun 2013 12:20:18 +0100
Outokumpu has signed a strategic partnership agreement with China's Sinopec Group, the country's largest energy and chemical company, on material development and deliveries of stainless steel, the Finnish stainless steelmaker said Thursday. As part of ...


Anglo American to halt production at Aquila coal mine in Queensland
Thu, 13 Jun 2013 00:00:00 +0100
Mining and natural resources company Anglo American is set to temporarily halt production at its Aquila coal mine in Central Queensland, Australia, due to tough market conditions.


Gindalbie, Ansteel agree to restructure ownership of Australian iron ...
Wed, 12 Jun 2013 11:49:37 +0100
Australian iron ore company Gindalbie Metals has signed an agreement with its JV partner Ansteel in order to restructure the ownership of $2.6bn Karara Iron Ore Project in Western Australia.


Rio, Glencore in talks over Australian coal assets -sources
Wed, 12 Jun 2013 09:09:44 +0100
Miners Rio Tinto and Glencore Xstrata have held early-stage talks to consider a plan that could combine thermal coal assets in Australia as they battle low prices and high costs, two sources familiar with ...


Australia shares fall to 5-mth low as banks drag Discovery Metals ...
Wed, 12 Jun 2013 08:38:00 +0100
Wed Jun 12, 2013 3:38am EDT* S&P/ASX 200 index down 32.6 points to 5-mth low* Financials lead losses on foreign selling, higher bond yield* BHP, Rio Tinto slip but loss capped* Discovery Metals surges on production update (Adds market performance details, analyst comments)SYDNEY, June 12 (Reuters) - Australian shares fell 0.7 percent to close at a five-month low on Wednesday as a global ...


ITA assesses dumping margins on Korean steel pipe - American Metal ...
Tue, 11 Jun 2013 23:17:00 +0100
ITA assesses dumping margins on Korean steel pipe. Jun 11, 2013 06:11 PM . Tags Commerce Department, International Trade Administration, ITA, anti-dumping review, steel pipe, Husteel, Hyundai Hysco. NEW YORK The Commerce Department's ...


Pipe maker confident it can turn around rebar firm - South China ...
Tue, 11 Jun 2013 20:59:00 +0100
Chu Kong Petroleum & Natural Gas Steel Pipe, one of the mainland's largest suppliers of pipes to the oil and gas industry, is confident it will turn around the unprofitable maker of reinforcing bars it acquired recently. The company, based in Panyu ...


Glencore Xstrata studies Rio coal-assets combination plan - Mineweb
Tue, 11 Jun 2013 18:18:11 +0100
Glencore Xstrata Plc, the biggest exporter of power station coal, is studying a plan to combine some of its Australian coal operations with mines run by Rio Tinto Group, according to two people familiar with the matter. Glencore and Rio own some of the ...


EU aims to revive struggling steel industry
Tue, 11 Jun 2013 17:41:22 +0100
(STRASBOURG ) - The European Commission launched an 'action plan' Tuesday to revive a struggling EU steel industry hit by falling demand, rising costs and fierce competition from China and other emerging economies.