Steel news & business reports, industry information, statistics.

Iron & Steel Industry News

Latest world steel headlines and press reports

International Steel News

Poor Funding, Bane of Steel Industry - Leadership Newspapers
Thu, 24 Apr 2014 02:10:17 +0100
steel industryA major challenge to the development of the nation's steel sector is the near neglect of the Ajaokuta Steel Complex and the under utilisation of the nation's National Steel Raw Materials Exploration Agency (NSRMEA) due to poor funding. Ruth Tene Natsa ...

Ukraine revolt shows faces, but whose are the brains
Wed, 23 Apr 2014 23:55:03 +0100
hammer and sickleBy Alissa de Carbonnel and Aleksandar Vasovic DONETSK/SLAVIANSK, Ukraine (Reuters) - One is a dapper former croupier and promoter of Ponzi scams run by "Russia's Bernie Madoff"; In an uprising whose calling cards are the Kalashnikov and the black balaclava, Denis Pushilin and Vyacheslav Ponomaryov have become the unmasked faces of the pro-Russian separatist movement in eastern Ukraine that has ...

AK Steel's Coshocton Works Recognized For Outstanding Safety Performance
Wed, 23 Apr 2014 19:45:00 +0100
WEST CHESTER, Ohio, April 23, 2014 /PRNewswire/ --AK Steel's (NYSE: AKS) Coshocton (Ohio) Works has been recognized for outstanding safety performance by the Ohio Bureau of Workers' Compensation, Division ...

Steel industry faces difficulty - Global Times
Wed, 23 Apr 2014 16:57:33 +0100
china flagChina's steel industry is confronted with serious overcapacity, sluggish demand, declining profits and stricter environment standards, an official said Wednesday. To tackle the problems, the Ministry of Industry and Information Technology (MIIT) has ...

Russian steel group NLMK warns against EU sanctions, job losses
Wed, 23 Apr 2014 16:48:29 +0100
Picture taken June 30, 2003 shows a worker taking a sample of steel in a workshop of Novolipetsk Steel (NLMK) in Lipetsk, central Russia

BHP Billiton to expand autonomous truck trial at Western Australian ...
Wed, 23 Apr 2014 16:26:19 +0100
iron oreAnglo-Australian firm BHP Billiton will expand autonomous truck trial at its Jimblebar iron ore mine in the Pilbara region of Western Australia to neighboring Wheelarra operations this year.

Russian steel group warns against EU sanctions, job losses
Wed, 23 Apr 2014 15:36:43 +0100
(BRUSSELS ) - The European arm of Russian steel giant NLMK has warned the EU against imposing economic sanctions on Russia for its role in the Ukraine crisis, officials said on Wednesday.

JSW Steel mulls lifting iron ore from Goa for its Dolvi plant - Business ...
Wed, 23 Apr 2014 13:12:51 +0100
JSW Steel Limited is mulling over the possibility of using iron ore from Goa for its steel plant at Dolvi in Maharashtra. The company operates a 3.3 million tonne per annum steel plant at Dolvi and requires about 5.5 million tonne iron ore per annum ...

Steel stocks hit 52-week high on Modi effect - The Times ...
Wed, 23 Apr 2014 12:58:38 +0100
sail logoMUMBAI: The NaMo wave has not only had a positive rub-off on the Adani Group and other Gujarat-based company stocks, but also on SAIL and JSW Steel, both ...

India records steel production of 7.25 MT for March - Business Standard
Wed, 23 Apr 2014 12:50:46 +0100
steel productionIndia, which is the fourth largest steel producer, is also closing in gap with the US -- the third largest producer with steel production at 7.4 MT at a growth rate of just 0.9%. The steel production across the world grew by 2.7% with total production ...

BHP cuts ribbon at its $3.6bn Jimblebar iron ore mine expansion - ...
Wed, 23 Apr 2014 12:41:07 +0100
World number one miner BHP Billiton (ASX, NYSE: BHP) officially inaugurated Wednesday its Jimblebar iron ore mine expansion and processing hub in the Pilbara, five months after safety issues at Newman Airport delayed the original scheduled opening ...

Indian court eases ban on iron ore mining in Goa
Wed, 23 Apr 2014 05:41:29 +0100
The Supreme Court of India has lifted an 18-month ban on iron ore mining in the state of Goa but restricted to an upper limit of 20 million tons a year.

Iron ore mining likely to restart in January in Goa
Wed, 23 Apr 2014 04:37:32 +0100
environmentalMining in top iron ore-exporting state of Goa is likely to restart in January next year once all companies have obtained environment and forest clearances from the federal government, a state government source said on Tuesday. The Supreme Court lifted a 19-month old ban on mining in Goa on Monday, although it capped annual output in the state at 20 million tonnes. More supply from Goa, which ...

Peru to spend $35m in Madre de Dios region due to illegal mining
Wed, 23 Apr 2014 00:00:00 +0100
The Peruvian Government, led by President Ollanta Humala, plans to invest $35m in strengthening the development of the Madre de Dios region in the south-eastern part of the country, which has been affected by illegal mining operations.

Mining firms concerned about ending DL 600 tax provision in Chile
Wed, 23 Apr 2014 00:00:00 +0100
National Chilean private sector mining society Sonami has raised concerns about the government's proposed abolition of DL 600 tax provisions, which it claims could discourage global mining companies from investing in the country.

Mechel may secure funding from China Exim Bank for Elga coal project
Wed, 23 Apr 2014 00:00:00 +0100
coalMining and metals firm Mechel is anticipated to sign a deal with Export-Import Bank of China (China Exim Bank) to secure financing for the development of its Elga coal project in Russia.

Iron ore mining likely to restart in January in India's Goa
Tue, 22 Apr 2014 14:41:06 +0100
* Iron ore production to resume after court ruling * Goa supply to add to global surplus of iron ore (Adds comments from Sesa Sterlite, details) MUMBAI, April 22 (Reuters) - Mining (LSE: MIR.L - news) in India's top iron ore-exporting state of Goa is likely to restart in January next year once all companies have obtained environment and forest clearances from the federal government, a state ...

Czech miner NWR, ministry agree to extend mining at loss-making Paskov
Tue, 22 Apr 2014 13:35:21 +0100
coal minerThe Czech industry ministry reached a deal with coal miner New World Resources (NWR) on Tuesday on extending operations at NWR's loss-making Paskov mine until 2017, protecting jobs at a cost to the company, government and company officials said. The hard coal-mining firm has suffered losses due to a sharp fall in global coal prices, and is in talks with bondholders on a capital restructuring. It ...

AK Steel Reports Financial Results For First Quarter Of 2014
Tue, 22 Apr 2014 13:30:00 +0100
WEST CHESTER, Ohio, April 22, 2014 /PRNewswire/ --AK Steel (NYSE: AKS) today reported its financial results for the first quarter of 2014. 1st Quarter 2014 Performance Summary Shipments of 1,262,100 tons ...

New Colombia Resources Inc. Appoints Dr. Robert Melamede PhD as Scientific ...
Tue, 22 Apr 2014 13:15:00 +0100
New Colombia Resources, Inc. , a U.S. company with coal and other resource assets in Colombia, is pleased to announce the appointment of Dr. Robert J. Melamede PhD, President of Cannabis Science, Inc., ...

Russian steelmaker MMK posts $2.2 bln Q4 net loss due to one-offs
Tue, 22 Apr 2014 08:19:00 +0100
melt shopRussian steel major MMK said its fourth-quarter net loss widened to $2.2 billion due to impairment charges and forecast higher steel sales in the first quarter of 2014. A Reuters poll of analysts had expected a net loss of $40 million excluding the one-off charges, which MMK said on Tuesday totalled $2.5 billion for 2013. MMK, controlled by billionaire Viktor Rashnikov, said its net debt fell by ...

[Get more steel headlines]

Other Iron and Steelmaking Press and Media Releases

If you have a company press release that you would like us to publish above and distribute without restrictions concerning syndication and reuse, then please contact us.


World steel news
compiled by MCI

Visit us twitter

Japan Metal Bulletin

Steelonthenet online store

James King - plant information

knowledge base

industry news

More info

MCI consulting support

long products capacity report

capex database

target your audience