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Alderon Announces Off-Take Transaction With Glencore
Tue, 29 Jul 2014 14:19:27 +0100
iron oreAlderon Iron Ore Corp. is pleased to announce that The Kami Mine Limited Partnership , an affiliate of Alderon, has entered into an off-take agreement with a subsidiary of Glencore plc , with respect to ...

ArcelorMittal Earnings Preview: Higher Steel Prices to Boost Q2 Results
Tue, 29 Jul 2014 08:10:00 +0100
arcelormittal logoThe company announced the opening of an automotive steel plant in the Loudi Economic Development Zone, situated in China's Hunan province, in the second quarter. The plant is owned by Valin ArcelorMittal Automotive Steel Company (VAMA), a joint venture ...

India's H1 2014 Steel Production Hits 41.28mt, Up By 1.4% - ...
Tue, 29 Jul 2014 03:43:52 +0100
china flagGlobal steel production was at 821.34 million tonnes in the H1 2014 from 801.24 million during the same period of last year, reporting a growth rate of 2.5 pct. China and South Korea stood at top, by reporting a growth rate of 3 pct and 9.1 pct ...

Why United States Steel Is on a Comeback Trail
Tue, 29 Jul 2014 02:45:52 +0100
melt shopUnited States Steel at long last came back to profitability as the final quarter gave a highly required achievement to the steelmaker.

Miners shift iron ore price in push back against China - Sydney Morning ...
Tue, 29 Jul 2014 02:30:40 +0100
The benchmark iron ore price has been below $US100 per tonne for more than two months, and Chinese buyers have been unwilling to buy lower grade iron ore unless offered a discount of between 15 per cent and 20 per cent below the benchmark price.

The Boom Is Coming, and Sooner Than You Think
Tue, 29 Jul 2014 01:50:00 +0100
Some Chinese cities, including the northern city of Hohhot and the eastern city of Jinan, have started to relax property curbs ... estate's close ties to many industries including cement, steel and even banking, said Chen in Shanghai.

Developers sound alarm on steel costs - Bangkok Post
Tue, 29 Jul 2014 01:49:44 +0100
prices"The domestic price continues to climb after this safeguard measure was announced on May 22," said Nithi Takviriyanun, managing director of Sarn Sing Dee Co, a Nakhon Ratchasima-based housing developer. "If steel prices keep rising unreasonably, ...

Not in my backyard: US sending dirty coal abroad
Tue, 29 Jul 2014 00:13:00 +0100
coalThe largest power plant in Oregon, the Boardman Coal Plant, sat idle one day earlier this summer, "cold steel" in industry parlance, its dirty power no longer wanted on an electricity grid that ...

Push to flood iron ore market crushes smaller suppliers
Mon, 28 Jul 2014 22:00:45 +0100
* Iron ore majors accelerating expansion projects * By 2015 top producers to account for over 80 pct of world iron ore trade SYDNEY, July 29 (Reuters) - A faster-than-expected increase in iron ore production by the world's biggest miners in Australia and Brazil this year is pushing less efficient smaller suppliers of the steel-making raw material to the edge. From Europe to Australia to the ...

Insider Selling: Richard C. Josephson Sells 1,950 Shares of Schnitzer ...
Mon, 28 Jul 2014 18:33:25 +0100
Schnitzer Steel Industries SVP Richard C. Josephson unloaded 1,950 shares of the stock in a transaction that occurred on Thursday, July 24th.

Steelworkers strike against job cuts at Italy's Terni plant ...
Mon, 28 Jul 2014 18:11:48 +0100
LONDON, July 28 (Reuters) - Hundreds of workers downed tools on Monday at Italy's largest stainless steel plant in Terni in opposition to a restructuring plan, under which about 550 jobs would be cut and production halved. Italian union FIOM said the ...

Must-know: An investors guide to Nucors supply chain
Mon, 28 Jul 2014 18:00:09 +0100
nucor steelTo fulfill its iron ore requirements, Nucor has a DRI plant in Trinidad.

Asias largest steel market wants infra overhaul
Mon, 28 Jul 2014 17:59:32 +0100
The steel merchants of Kalamboli have urged the Government to overhaul the crumbling infrastructure at the 25-year-old market place, they informed the press at a conference on Monday. The Kalamboli market commands a monthly turnover of 1,000 crore.

Indian Billionaire Gautam Adani's $15.5bn Australian Coal Project ...
Mon, 28 Jul 2014 13:19:42 +0100
Indian billionaire Gautam Adani's Australian mining firm has secured Sydney's approval to mine coal in Queensland, a venture that will fuel India's coal-starved power plants and could provide electricity to some 100 million people in Asia's third-largest economy. Adani Mining's looming operations at the Carmichael mine in Queensland's Galilee Basin, which could become Australia's largest coal ...

Big 3 Iron Ore Miners In Volume, Price Sweet Spot: Clyde Russell
Mon, 28 Jul 2014 13:00:00 +0100
One thing has become clear from the latest production reports from the big three iron ore miners: They appear intent on ensuring their dominance by boosting low-cost output.

Alliance Resource Partners, L.P. Reports Record Quarterly Coal Sales ...
Mon, 28 Jul 2014 12:00:00 +0100
Alliance Resource Partners, L.P. today reported financial and operating results, setting new records for coal sales volumes, revenues, net income and EBITDA for the quarter ended June 30, 2014 .

Sunflag Iron & Steel to issue 1.80 crore pref shares
Mon, 28 Jul 2014 07:35:00 +0100
The board of directors of Sunflag Iron & Steel...

US exports help Germany increase coal, pollution
Mon, 28 Jul 2014 07:27:50 +0100
coal minerLUENEN, Germany (AP) One of Germany's newest coal-fired power plants rises here from the banks of a 100-year-old canal that once shipped coal mined from the Ruhr Valley to the world.

Eurofer Update On Production Of Steel Tubes In Eu - Steelguru
Mon, 28 Jul 2014 06:20:00 +0100
automotive sectorIn the other large EU countries, steel tube producers have a product mix which is more geared towards serving market segments that are consuming small welded and seamless steel tubes, such as the construction sector, the automotive and the metal goods ...

Australia approves Adani's $16 bln Carmichael coal project
Mon, 28 Jul 2014 05:13:25 +0100
* Carmichael would be Australia's largest coal mine * Port plan still faces legal challenge (Adds Adani comment) MELBOURNE, July 28 (Reuters) - The Australian government on Monday approved Indian firm Adani Mining Pty Ltd's controversial A$16.5 billion ($15.5 billion) Carmichael coal and rail project in Queensland, subject to strict conditions to protect groundwater. The Carmichael mine, which ...

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