Current Asia Steel Sector News [more headlines]


Lower rate of Chinese iron-ore demand growth ...
Tue, 15 May 2012 15:24:00 +0100
A lower rate of growth was on the way in the demand from China for global seaborne iron ore, BHP Billiton CEO Marius Kloppers said on Tuesday.While BHP Billiton continued to expect Chinese crude steel production to reach 1.1-billion tons a year by 2025, Kloppers emphasised than this equated to a lower 650-million tons a year rate of growth in the demand for global seaborne iron-ore than the 800-million tons a year that had been experienced in the last ten years.


9 dead 6 injured in China steel plant blast
Mon, 14 May 2012 21:52:00 +0100
Nine people were killed and six injured in an explosion at a steel plant in South China's Guangdong Province Monday, local authorities said. The explosion occurred at about 3:48 pm as workers ...


Romney campaign ad touts steel mill boosted ...
Mon, 14 May 2012 21:17:38 +0100
Just hours after President Barack Obama's re-election campaign tied Mitt Romney to the bankruptcy of a Missouri steel company, the Romney campaign is out with its own Web video highlighting a steel company it says Romney helped save.The video, entitled "American Dream," zeroes in on Steel Dynamics Inc., an Indiana company that Bain Capital invested in when Romney worked at the venture capital ...


Australia to become energy superpower
Mon, 14 May 2012 13:08:00 +0100
Australian Prime Minister Julia Gillard (R) with Chinese Premier Wen Jiabao in Beijing on April 26, 2011. Australia is making billions of dollars selling coal and iron ore to China and other Asian ...


China's Sutor Technology Group Limited ...
Mon, 14 May 2012 04:44:00 +0100
Sutor Technology Group Limited (Nasdaq: SUTR), a China-based non-state-owned manufacturer and distributor of high-end fine finished steel products and welded steel pipes used by a variety of downstream applications, announced its unaudited financial ...


Overseas Investment in Steel Sector - Press ...
Mon, 14 May 2012 03:33:00 +0100
The details are given below: Acquisition of 14.99 per cent stake in JSW Steel Ltd. by JFE Holdings of Japan. Acquisition of 29 per cent stake in Uttam Galva Steels Ltd. by Arcelor-Mittal. The Minister said, in order to monitor and coordinate ...


Chinese iron ore imports at 6 month low on weak ...
Sun, 13 May 2012 23:21:14 +0100
... month low of 57.69 million tonnes in April as falling steel prices forced mills to buy more iron ore from old stocks sitting at ports and use more domestic material. Ms Judy Zhu commodity analyst at Standard Chartered in Shanghai said China latest ...


Chinese seamless pipe prices see more downward ...
Sun, 13 May 2012 19:10:00 +0100
Weakening round billet prices are likely to force eastern Chinese seamless pipe prices to trend downwards further in the short term, Platts Steel Business Briefing learned from market sources. In Shanghai's spot market on 11 May, prevailing offers for ...


Fusion scoping suggests progression
Fri, 11 May 2012 12:32:06 +0100
A scoping study completed for Centrex Metals Ltd and Wuhan Iron & Steel Company Ltd (Wisco) has reassured them that an iron-ore concentrate operation based on their Eyre Iron joint venture in South Australia could produce 5-10Mt/y


Rio Tinto backs iron ore in dicey global environment
Thu, 10 May 2012 08:17:36 +0100
* "Somewhat" upbeat on outlook, sees short-term volatility * Says ready to expand iron ore output to 353 mln tonnes * Warns on soaring costs, especially in Australia * Confident Guinea will back ...


Australia's Northern Iron surges on Indian bid ...
Thu, 10 May 2012 07:17:00 +0100
India's Aditya Birla group has submitted a non-binding bid for A ustralian- listed i ron ore miner Northern Iron Ltd, a newspaper report said, sending shares of the target firm up 19% to a six month high.Northern Iron, which has operational mines in Norway with an annual production capacity of 2.2-million tons of iron ore, is expecting a valuation of about $500-million, the Economic Times reported on Thursday, citing people with direct knowledge of the situation.


ArcelorMittal: 2012 Global Apparent Steel Demand ...
Thu, 10 May 2012 05:09:00 +0100
LONDON Steel titan ArcelorMittal (MT) Thursday reaffirmed its expectations for global apparent steel demand to rise 4%-4.5% in 2012 as many regions, with the exception of the European Union, post higher demand growth. China, the world's largest steel ...


Baoshan Iron & Steel Co., Ltd. : The ...
Wed, 09 May 2012 20:09:00 +0100
There are 8 patents awarded 'Invention Award' among them, 'A rolling process and special equipment for seamless tube' invented by Yantai Lubao of Steel pipe business unit is awarded the top price. There are 9 pieces of patents awarded 'Practical New ...


Mitsui & Co., Ltd. to Present Webcast of ...
Wed, 09 May 2012 14:10:00 +0100
TOKYO--(BUSINESSWIRE)-- Masami Iijima, CEO of Mitsui & Co., Ltd. (TOKYO:8031) hosted an analyst conference on Tuesday May 8, 2012 to announce financial results for the year ended March 31, 2012. An audio ...


New platform in China gives iron ore traders ...
Wed, 09 May 2012 04:09:14 +0100
An iron ore trading platform made its China debut yesterday as the world's biggest buyer of the commodity sought to enhance its price-setting influence. Trading volume is expected to reach approximat .....