Company News - Rio Tinto [more headlines]

Jindal to expand steel output, buy mines in West Africa
Fri, 24 May 2013 18:25:32 +0100
By Silvia Antonioli LONDON (Reuters) - Mid-sized producer Jindal Steel and Power (JNSP.NS) hopes to quadruple steel output by 2016 to cash in on an infrastructure boom in the world's second most populous ...


Explore The Treasure Buried Under Memphis - wreg.com
Thu, 23 May 2013 18:31:08 +0100
That's why manufacturers from Nucor Steel to Smith and Nephew have come to appreciate the city's water potential. In fact, the Memphis Regional Chamber of Commerce says 2,400 jobs and $1.3 Billion dollars in investment is directly attributable to ...


Swedish Iron Ore Going Strong - Resource Investing News
Thu, 23 May 2013 13:27:00 +0100
The demand for iron ore and coal ingredients used in steelmaking may be slowing in the key markets of China and Europe, but that isn't stopping one of the world's most historic and important iron mining jurisdictions from expanding production to ...


Even top Europe steel firms at risk unless output cut
Wed, 22 May 2013 19:06:16 +0100
LONDON (Reuters) - The European steel sector in under pressure to cut production quickly as overcapacity and weak global demand threaten even some of the most important plants, the chief executive of Italian ...


Miner Afferro agrees to $190 mln offer from IMIC
Wed, 22 May 2013 13:38:02 +0100
West Africa-focused miner Afferro has agreed to a $190 million cash-and-paper offer from investment group IMIC that could pave the way for development of its flagship iron ore project. The deal is unique ...


New Report on Global and China Stainless Steel & Products Industry ...
Wed, 22 May 2013 13:01:07 +0100
In 2012, stainless steel prices showed the tendency of "rise before fall and mobile descending", resulting in a downward trend for most of the traditional stainless steel producing countries. Global stainless steel production for the whole year ...


ZAP IRON&STEEL GDR : Integrated Iron and Steel Works Zaporizhstal ...
Wed, 22 May 2013 12:34:00 +0100
During the first quarter 2013, Iron and steel works Zaporizhstal reduced energy output ratio of manufactured production for 9,8 % with the simultaneous growth of production. The energy output ratio during the first quarter 2013 is 21,9 gigajoules per ...


JSW Steel's production down 11% at 6.37 LT in April - Economic ...
Wed, 22 May 2013 11:27:00 +0100
NEW DELHI: JSW Steel's crude steel production fell 11 per cent to 6.37 lakh tonnes (LT) in April largely due to planned shutdown of units and lack of availability of quality iron ore. The company, headed by Sajjan Jindal, had produced 7.15 LT of crude ...


April 2013 Crude Steel Production
Wed, 22 May 2013 09:15:00 +0100
Steelonthenet.com - Brussels, Belgium; 21 May 2013 - World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 132 million tonnes (Mt) in April 2013, an increase of 1.2% compared to April 2012. China's crude steel production for April 2013 was 65.7 Mt, up by 6.8% compared to April 2012. Elsewhere in Asia, Japan produced 9.2 Mt of crude steel in April 2013, up by 1.0% over April 2012...


Worldsteel: April Global Crude Steel Output Up 1.2% on Yr at 132M ...
Tue, 21 May 2013 14:54:00 +0100
LONDON--Global crude steel production rose 1.2% in April, compared with the year earlier, as higher output from Asia, and especially China, more than offset lower output from all the major steel producing regions, data from the World Steel Association ...


US steel capacity utilization tops 79% for highest mark since May ...
Mon, 20 May 2013 23:20:30 +0100
But the last time the capacity utilization in percentage terms was any higher was in the week that ended May 19, 2012, when the steel industry produced 1.976 million st of steel and operated at 80% of capacity. Year-to-date steel production totaled 36 ...


Gerdau adding 40 jobs in Knox County - Knoxville News Sentinel
Mon, 20 May 2013 16:40:38 +0100
WBIR-TV - The new facility will have a capacity of about 120,000 tons of finished steel per year, and the expansion represents a multi-million-dollar investment by Gerdau. Brice Wager, Gerdau's general manager, cited assistance from the state and county, saying ...


China daily steel output hit record high in early May - CISA - SteelGuru
Sun, 19 May 2013 06:32:00 +0100
Chinese steelmakers have ramped up output to above 2 million tonnes per day since mid February in a move to maintain their market share amid slower than expected pickup in demand and declining margins. The average daily steel production was 2.129 ...


China Kingho may spend up to $10-billion in Sierra Leone
Fri, 17 May 2013 19:58:00 +0100
A truck is loaded with iron ore at a port in Nantong, China, May 5, 2013. China Kingho Energy Group, one of China's largest privately-owned energy companies, could spend between $6-billion (U.S.) and $10-billion on infrastructure projects in Sierra Leone over the next five years, with an emphasis on iron ore production. (CHINA ...


Tata Steel favours EU funds to soften impact of plant closures - ...
Fri, 17 May 2013 19:21:33 +0100
This is Scunthorpe - The regional head of Tata Steel, which has more than half of its production in Europe, in the UK and the Netherlands, also expressed his concerns about unattainable targets the EU was imposing on the steel industry for cuts in carbon emissions. Should ...