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US distributors facing tough environment in 2022
Tue, 04 Jan 2022 00:00:00 GMT
Following a year in which US hot-rolled coil prices reached an all-time high, steel industry analysts are expecting 2022 to be a year of normalization and downward pressure as more supply and shorter lead times improve availability for buyers. I think the bottom line is in 2021 there was a shortage, Phil Gibbs, equity

US formalises EU quota arrangement
Wed, 29 Dec 2021 00:00:00 GMT
US President Joe Biden has made a presidential proclamation formalising the tariff-rate quota agreement on steel imports from the European Union. Through the end of 2023, 3.3 million tonnes of steel products will be allowed to enter the US from the EU tariff-free. Any shipments above this quantity will be subject to the 232

Fortescue Future Industries CEO meets local communities in Wabo ...
Fri, 10 Dec 2021 00:00:00 GMT
Chief Executive Officer (CEO) of Fortescue Future Industries (FFI), Julie Shuttleworth AM, has just completed her visit in Papua New Guinea (PNG) where she met with local communities at the newly established FFI Purari hydropower project camp in Wabo (Gulf Province) and saw FFIs potential geothermal energy project areas of interest in West New Britain

Guineas Nimba iron ore project seen as viable, but export concerns ...
Fri, 12 Nov 2021 00:00:00 GMT
The Nimba iron ore project in Guinea said on Wednesday that a pre-feasibility study confirmed the mines viability, but it expressed concerns about potential limitations on its railway access to export via Liberia. The project, which U.S.-Canadian investor Robert Friedlands High Power Exploration Inc (HPX) acquired in 2019, said in a statement it expects eventual production of up to 30 million tonnes a year. Construction is forecast to begin in 2023. The pre-feasibility study estimated

Explained: Why Guinea coup has rattled iron ore and bauxite markets
Thu, 16 Sep 2021 00:00:00 GMT
Last week, special forces soldiers called military junta, ousted Guineas (West Africas mineral-rich country) long-serving president Alpha Conde, immediately casting a shadow of uncertainty over key iron ore and bauxite supplies. The coup was carried out by an elite special forces unit, led by 41-year-old Col. Mamady Doumbouya. The soldiers dissolved the countrys government and closed land and air borders with immediate effect. We have dissolved government and institutions, Doumbouya

AM confirms Liberia iron ore expansion to 15 million mt/year ...
Mon, 13 Sep 2021 00:00:00 GMT
ArcelorMittal and the Republic of Liberia have signed an accord that will allow the steelmaker boost its logistics capability and ramp up its iron ore production in the west African country to 15 million mt/year, with a possibility for further expansion up to 30 million mt/year. Liberia and ArcelorMittal have signed an amendment to a Mineral Development Agreement involving a boost in premium iron ore production, new jobs generation and wider economic benefits for Liberia, the company said in

Guinea coup rattles iron ore and bauxite markets, stokes economic ...
Tue, 07 Sep 2021 00:00:00 GMT
A military junta on Sunday claimed to have seized control in the West African country of Guinea and detained President Alpha Cond, casting uncertainty over key bauxite and iron ore supplies. The coup, carried out by an elite special forces unit led by 41-year-old Colonel Mamady Doumbouya, is the latest in a series of power grabs in the region over the past year, including in nearby Mali and Chad. Doumbouya has claimed the army was forced into action amid rampant corruption, human rights

Ukraine: Interpipe to supply railroad wheels to Mauritania
Tue, 08 Jun 2021 09:48:21 GMT
Interpipe has concluded a 3-year agreement with the Societe Nationale Industrielle et Miniere of Mauritania on the supply of locomotive wheels with the diameter of 1076 mm according to AAR. SNIM is the sole owner of railroad infrastructure with the length of 704 km. The railroad connects the city of Zuerat with the port

Number of Africa news reports: 8
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