Steelmaking raw material news - iron ore, coal, coke, DRI.
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Steel Raw Material News

Ore, coal, coke, pig iron supply and ferrous scrap news


Ukraine: steel output to reach 2.2 million tons in June 2015
Fri, 22 May 2015 06:23:11 +0100
Metallurgprom expects steel output in June on the level of 2.2 million tons, with pig iron at 2 million and rolled metal at 1.8 million tons. At present Alchevsk Iron and Steel Works, Donetsk Electrometallurgical Plant and Donetsk Iron and Steel Works are idle. As of May 1, 23 out of 30 blast furnaces, 7
http://metalukraine.com/2015/05/22/ukraine-steel-output-to-reach-2-2-million-tons-in-june-2015.html


PM Narendra Modi to visit Vizag Steel Plant to inaugurate RINL's ...
Thu, 21 May 2015 16:57:26 +0100
The move comes when the domestic steel industry is reeling under low demand and threat of cheaper imports. Alongwith mining issues and land acquisition problems, this has delayed a number of planned capacity expansions both in the public and private ...
http://economictimes.indiatimes.com/industry/indl-goods/svs/steel/pm-narendra-modi-to-visit-vizag-steel-plant-to-inaugurate-rinls-new-facility/articleshow/47375053.cms


Government walks away from iron ore inquiry - Sydney Morning Herald
Thu, 21 May 2015 15:59:01 +0100
Billionaire miner Andrew Forrest has accused Prime Minister Tony Abbott of folding under 'intense lobbying' from multinational resources companies after the federal government junked its proposal for an inquiry into the iron ore market. Just six days ...
http://www.smh.com.au/business/mining-and-resources/government-walks-away-from-iron-ore-inquiry-20150521-gh6xef.html


Nucor Corporation (NYSE:NUE) Sees Large Inflow of Net Money Flow ...
Thu, 21 May 2015 14:00:15 +0100
Money Flow IndexNucor Corporation and its affiliates (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Companys steel mills. The Companys operations include several international trading companies that ...
http://www.moneyflowindex.org/nucor-corporation-nysenue-sees-large-inflow-of-net-money-flow/311169/


Hockey rules out iron ore inquiry - The Australian
Thu, 21 May 2015 09:16:51 +0100
Treasurer Joe Hockey has ruled out the federal government initiating an inquiry into iron ore. Mr Hockey said there had been speculation over recent days over whether a parliamentary inquiry into the sector was 'necessary'. 'After discussing the issue ...
http://www.theaustralian.com.au/business/latest/hockey-rules-out-iron-ore-inquiry/story-e6frg90f-1227364075667


U.K. stocks get a boost from miners; Royal Mail loses ground
Thu, 21 May 2015 09:00:00 +0100
at MarketWatch - The FTSE 100 gains as mining stocks are lifted after the release of manufacturing data from commodities buyer China.
http://us.rd.yahoo.com/finance/external/cbsm/rss/SIG=11iiumket/*http://www.marketwatch.com/News/Story/Story.aspx?guid=3DB130F4-FF88-11E4-BFB1-87CD84584DCB&siteid=yhoof2


Vale: Turnaround Unlikely In A Challenging Iron Ore Market (VALE) ...
Thu, 21 May 2015 02:29:02 +0100
Although Vale (NYSE:VALE) has a decent turnaround plan, the company may struggle due to its over reliance on iron ore prices. Over the previous conference call, Vale's chief executive Murilo Ferreira said that the company's EBITDA was negatively ...
http://seekingalpha.com/article/3196306-vale-turnaround-unlikely-in-a-challenging-iron-ore-market


Miner Cliffs seeks creditor protection for more Canadian iron ore ...
Wed, 20 May 2015 23:22:22 +0100
The U.S.-based iron ore and coal miner said it had concluded that a 'more comprehensive restructuring and sale process' would result if it was able to include the Wabush group under the same creditor protection it obtained in January for its larger ...
http://www.reuters.com/article/2015/05/20/cliffsnaturalresources-canada-protection-idUSL1N0YB2M520150520


BHP Billiton pays $25M to settle SEC anti-bribery complaint
Wed, 20 May 2015 19:37:21 +0100
AP - BHP Billiton has agreed to pay $25 million to settle Securities and Exchange Commission charges that it violated anti-bribery laws by failing to have a proper system in place to prevent the risk of bribery ...
http://us.rd.yahoo.com/finance/news/rss/story/*http://finance.yahoo.com/news/bhp-billiton-pays-25m-settle-182903301.html


Fortescue considers gas-to-liquid technology for WA iron ore fleet ...
Wed, 20 May 2015 15:06:01 +0100
The company has built a pilot plant of 2 million tonnes per year and despite chairman Andrew Twiggy Forrest's campaign to get BHP Billiton and Rio Tinto to rein in their iron ore expansions, is considering building a much bigger model to process ore ...
http://www.theaustralian.com.au/business/mining-energy/fortescue-considers-gas-to-liquid-technology-for-wa-iron-ore-fleet/story-e6frg9df-1227361951493


Labor and Imports Costing ArcelorMittal USA
Wed, 20 May 2015 13:39:00 +0100
The USW's labour agreements with three major steelmakers - ArcelorMittal, US Steel and Allegheny Technologies - and Cleveland-based iron ore mining company Cliffs Natural Resources are scheduled to expire this year. (SMU note: The comments made by CEO ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=7d887a42dc9d49a7a9cd3be7a542d07e&url=http%3a%2f%2fwww.steelmarketupdate.com%2fnews%2f6497-labor-and-imports-costing-arcelormittal-usa&c=jtyf_QqDWlFmbeQzih63wVT7PmT-03sxs66NqJ8Pt8g&mkt=en-gb


LNG Investments Quietly Transforming Transportation Infrastructure ...
Wed, 20 May 2015 11:18:30 +0100
The downturn in demand for OCTG, steel sheet and other drilling products might be short-lived one. A significant boost for rebar, wide-flanged beams and other heavy construction products could also come from more US and international plant engineering ...
http://agmetalminer.com/2015/05/20/lng-investments-quietly-transforming-transportation-infrastructure-overseas-markets/


Iran asks India to lower prices of rail tracks
Wed, 20 May 2015 09:57:00 +0100
Last year, India signed a contract worth USD 233 million with Iran to export rail tracks by companies including SAIL Ltd through State Trading Corporation ... Prices of all commodities including steel and iron ore are declining so obviously prices will ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=9a1731e057a54d8db9513e8318855a39&url=http%3a%2f%2feconomictimes.indiatimes.com%2findustry%2ftransportation%2frailways%2firan-asks-india-to-lower-prices-of-rail-tracks%2farticleshow%2f47361371.cms&c=ODwZnYp_BtvaOSEGStf9VNytEZ1E2u5wmHQ3NbIAMdg&mkt=en-gb


Ukraine: ferroalloys output down in January-April 2015
Wed, 20 May 2015 07:11:27 +0100
In January-April Ukrainian companies produced 324.9 thousand tons of ferroalloys, down by 1.7% YoY. According to the Association of Ukrainian Ferroalloy Producers, silicomanganese output went up by 10.8%, to 263.7 thousand tons, while that of ferromanganese decreased by 10.8%, to 28.8 thousand tons, and ferrosilicon (45%) production fell by 52.3%, to 28.7 thousand tons. Ukraine
http://metalukraine.com/2015/05/20/ukraine-ferroalloys-output-down-in-january-april-2015.html


Ukraine: Metinvest drops coke output in Q1 2015
Wed, 20 May 2015 07:08:45 +0100
In the first quarter of 2015 Metinvest produced 0.87 million tons of coke, down by 40%, or by 598 thousand tons, YoY, and down by 2% QoQ. According to the company statement, 1st quarter results were down by 24 thousand tons due to instability in operation of Donetsk and Avdiivka Coke and Chemical Plants, situated
http://metalukraine.com/2015/05/20/ukraine-metinvest-drops-coke-output-in-q1-2015.html


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