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Cost Savings Help ArcelorMittal Handle Lower Steel Prices
Mon, 02 Mar 2015 23:05:17 GMT
Lower steel prices have a negative impact on steel producers profits. Lets see how ArcelorMittal was affected by lower steel prices.

Sanctions: The Inconvenient Truth (Part 2)
Mon, 02 Mar 2015 19:43:00 GMT
news.aspx). To name but a few, these include the Paweni scandal (1982), National Railways Housing Scandal (1986), Air Zimbabwe Fokker Plane Scandal worth $100 million (1987), Zisco Steel blast Furnace Scandal (1987), Willowgate Scandal (1988), ZRP Santana ...

Analyst Favorites: Steel Dynamics Ranks As a Top Metals Pick
Mon, 02 Mar 2015 17:32:02 GMT
Analyst Favorites: Steel Dynamics Ranks As a Top Metals Pick

Steel Industry Wants Japan Suspended From TPP Talks
Mon, 02 Mar 2015 16:51:00 GMT
Law360, New York (March 02, 2015, 7:39 PM ET) -- The United Steelworkers and Specialty Steel Industry of North America on Monday urged U.S. Trade Representative Michael B. Froman to exclude Japan from Trans Pacific Partnership free trade agreement ...

Coal auctions skewed: iron & steel companies to HC - Press Trust ...
Mon, 02 Mar 2015 14:52:15 GMT
New Delhi, Mar 2 (PTI) Iron and steel companies today argued before the Delhi High Court that the Centre's decision to club all end-uses, except power, under unregulated sector has led to a "skewed" bidding process in which unequals are competing with ...

Steelmakers hit by uncertainty over import duty hike
Mon, 02 Mar 2015 14:07:12 GMT
MUMBAI/SINGAPORE (Reuters) - Shares in steelmakers mostly fell on Monday amid uncertainty whether the government would raise import duties on the alloy and whether any increase would be enough to protect the industry. Shares in Jindal Steel and Power fell as much as 6.7 percent, while Tata Steel and JSW Steel also underperformed the broader Nifty which rose 0.62 percent to close at a record high ...

Update: Commercial Metals Company Short Interest Grows by 6.5% - ...
Mon, 02 Mar 2015 13:22:42 GMT
Rock Hill DailyCommercial Metals Company together with its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network, including steel mini mills, steel fabrication and processing plants, construction ...

High-precision radar for the steel industry - Phys.Org
Mon, 02 Mar 2015 13:20:07 GMT
This means that the applications are not restricted to just the steel industry. The plastics sector could also benefit from the precision tool for instance to measure the thickness of pipes. The possibilities and mode of operation of the system will ...

Century Announces Feasibility Results for Joyce Lake DSO Project
Mon, 02 Mar 2015 13:00:00 GMT
Century Iron Mines Corporation , through Labec Century Iron Ore Inc. , a joint venture with WISCO International Resources Development & Investment Limited , is pleased to announce that it has received ...

Iron ore imports jump multi-fold to 5.63 MT in April-November, FY15 ...
Mon, 02 Mar 2015 10:58:27 GMT
The minister further said there is no acute shortage of raw material like iron ore. However, there are regional shortages of iron ore due to Supreme Court's decisions regarding lease renewal in Goa and Odisha and cancellation of mining leases in Karnataka.

Iron ore bullying claims baseless: union -
Mon, 02 Mar 2015 09:51:33 GMT
An Australian Workers' Union resolution demanding a parliamentary inquiry into Rio Tinto and BHP's iron ore practices is baseless grandstanding, the Minerals Council of Australia (MCA) says. The Australian Workers' Union's national meeting on Monday ...

Sail, Rinl Augmenting Hot Metal Capacity
Mon, 02 Mar 2015 09:12:00 GMT
PSUs Steel Authority of India Ltd (SAIL), Rashtriya Ispat Nigam Ltd (RINL) and NMDC are in the process of implementing significant expansion in the crude/finished steel capacities in their respective brown field/greenfield locations, the minister said.

India examines coal mine bids amid reports of discrepancies
Mon, 02 Mar 2015 08:40:28 GMT
The coal ministry is re-examining winning bids for three of the 18 mines put up for auction last month, a government source said on Monday, after media reports of problems with the bidding process. Jindal Steel and Power Ltd (JNSP.NS), steel maker BS Ispat and aluminium company Balco had won the bids for the three mines. Shares in Jindal Steel, controlled by billionaire Naveen Jindal, fell as ...

Ukraine: iron ore output up in January 2015
Mon, 02 Mar 2015 07:08:09 GMT
In January Ukraine produced 6612 thousand tons of iron ore and iron ore concentrate, up by 7%, or by 431 thousand tons, MoM. In particular iron ore output in January decreased by 8.9%, or by 110 thousand tons, to 1129 thousand tons, MoM, while iron ore concentrate production went up by 10.9%, or by 541

Steel sector laments non-inclusive industry development priorities
Mon, 02 Mar 2015 06:20:00 GMT
The steel sector is pushing for the amendment of the Iron and Steel Act (RA 7103) stressing the steel sector is one of the countrys basic strategic industries that can promote real inclusive growth even as the industry laments over governments ...

Tata Steel Scunthorpe wins major Crossrail contract in London
Mon, 02 Mar 2015 03:33:00 GMT
BOSSES in charge of one of Europe's largest railway infrastructure schemes say they are pleased to have awarded a significant contract to Tata Steel. Scunthorpe steel will be used to create 7,000 tonnes of rail for the Crossrail project, which will run ...

Judge dismisses Nucor's lawsuit against Big River Steel - Recycling ...
Mon, 02 Mar 2015 00:13:59 GMT
Recycling TodayA federal judge has dismissed a lawsuit filed by Charlotte, North Carolina-based Nucor Steel against Big River Steel (BRS), headquartered in Osceola, Arkansas. Nucor's suit sought to halt the construction of BRS' steel mill in Mississippi County ...

SRK Celebrates 40 Years of Consulting
Mon, 02 Mar 2015 00:00:00 GMT
Independent, global company providing services to the mining and water resource industries SRK Consulting is celebrating 40 years of business.

Minister expected to face questions in wake of smog documentary
Sun, 01 Mar 2015 23:27:00 GMT
Chai and Zhang Dawei, an investigator with the Ministry of Environmental Protection, recorded a steel company's illegal emission in Tangshan, a heavy industry center in October, only to find the company escaped punishment. It just doesn't work out to ...

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