Iron and steel sector profits set to soarThu, 20 Jul 2017 19:29:00 GMT
Similarly, Fujian Sansteel Minguang Co Ltd says it expects its first ... is the government's efforts to eliminate outdated capacity, especially inferior steel, says Li Xinchuang, president of the China Metallurgical Industry Planning and Research Institute.
Carbon trading can boost momentumThu, 20 Jul 2017 19:29:00 GMT
This introduces an element of market competition, but has the potential downside of reducing costs for heavy industries that already have overcapacity, such as aluminum and steel. The government ... In Shanxi and Henan, for example, there is both ...
Broker slaps buy rating on BHP Billiton LimitedThu, 20 Jul 2017 18:32:00 GMT
This week BHP reported that total iron ore production hit a record 231 million tonnnes for ... a US$250 million compensation program it has put in place for victims of the Samarco dam disaster in Brazil, with some US$47.5 billion in public civil claims ...
Latin America: Crude steel production up 12% and finished steel ...Thu, 20 Jul 2017 00:00:00 GMT
Latin America in January-May 2017: 26.4 million tons reached the steel crude production 21.7 million tons was the finished steel production 27.4 million tons recorded the apparent steel consumption 18% increase the total imports of Latin American steel...
BHP Billiton meets iron ore, met coal output guidance, both to ...Wed, 19 Jul 2017 11:36:00 GMT
All of BHPs iron ore production currently comes via Western Australia due to the suspension of operations at its Brazilian Samarco mine following a dam failure in 2015. The company saw an average realized price for iron ore of $58/wmt in fiscal 2016 ...
Escondida copper mine key to BHP Billiton growth ambitionWed, 19 Jul 2017 06:56:00 GMT
That would be a dramatic contrast with the year just ended, where BHP experienced (with the exception of iron ore and energy coal ... and the continuing costs and lost production of the Samarco disaster that affected operations in 2016-17 BHP ought ...
UK Stocks-Factors to watch on July 19Wed, 19 Jul 2017 00:18:00 GMT
BHP BILLITON: BHP Billiton's fiscal fourth quarter iron ore output rose 8 percent from a year ago ... BHP BILLITON: Vale SA on Tuesday said a Brazilian judge suspended a lawsuit over the miner Samarco Minerao SA's dam collapse in November 2015.
NLMK Lipetsk upgrades hot-rolling operationsWed, 19 Jul 2017 00:00:00 GMT
NLMK Group is upgrading hot-rolled steel production at the Lipetsk site: the plan is to install a new walking-beam reheating furnace to streamline the slab heating process. The new furnace will replace the outdated pusher-type furnaces currently operational at the facility.
IMIDROs Output RisesTue, 18 Jul 2017 13:16:00 GMT
Iran hopes to boost steel production capacity to 55 million tons/year by 2025 and aims to attract some $30 billion of foreign investment, according to IMIDRO Chairman Mehdi Karbasian. The European Commission has decided that Irans exports of hot-...
BHP ready to grow production again after two years of shrinking ...Mon, 17 Jul 2017 19:31:00 GMT
But there was never supposed to be a decline in iron ore output; the Samarco disaster of November 2015 has robbed BHP of about 15 million tonnes per year. UBS believes BHP's iron ore exports (excluding tonnes owned by joint venture partners like Itochu ...
Russia: KGOK output up in H1 2017Mon, 17 Jul 2017 08:56:48 GMT
In January-June Korshunovsky Mining and Processing Works increased iron ore concentrate output by 5% YoY, or by 66 thousand tons, to 1.4 million tons. Ore mining exceeded 4 million tons, with 1.9 million tons yielded by the Korshunovsky quarry and 2.2 million tons by the Rudnogorsky mine. (Ukrainian metal)
Metalloinvest launches one of largest hot briquetted iron production ...Mon, 17 Jul 2017 00:00:00 GMT
Metalloinvest has launched its third hot briquetted iron production facility (HBI-3 Plant) at Lebedinsky GOK in Gubkin, Belgorod region. The plant is the largest HBI production facility in Russia and one of the biggest in the world. Participants in the official launch ceremony for HBI-3 Plant included: Vladimir Putin, President of the Russian Federation; Denis Manturov, Minister of Industry and Trade of the Russian Federation; Alexander Beglov, Plenipotentiary Representative of the President ...
Number of news reports: 12