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Fortescue sees early signs steel-making recovery in Japan, South ...
Fri, 30 Oct 2020 00:00:00 GMT
Australias Fortescue Metals Group Ltd FMG.AX posted a 5% rise in first-quarter iron ore shipments on Thursday, fed by robust Chinese demand for the key ingredient in steelmaking, which an executive said was also improving elsewhere in Asia. Iron ore prices have stayed buoyant this year despite a coronavirus-induced slump in demand for most commodities, as the worlds top metals user China ramped up infrastructure spending to counter the economic shock from curbs against coronavirus. Signs

ANDRITZ to Supply New Cut-to-length Line and Heavy-duty Levelers ...
Thu, 29 Oct 2020 12:44:00 GMT
International technology group ANDRITZ has received an order to supply a new cut-to-length line and two heavy-duty levelers to Hunan Valin Lianyuan Iron & Steel Co. Ltd, China - /

Architecture News
Thu, 29 Oct 2020 10:59:00 GMT
Suspended 180-meters above ground between two cliffs at Hunan's Shiniuzhai National Geological Park ... tourists are jumping on it, said a worker to China News Service. The steel frame used to

Rolling Mill And Other Metalworking Machinery Market 2020 Business ...
Thu, 29 Oct 2020 01:45:00 GMT
News and Latest Development: 29.09.2020, Recently, HBIS Tangshan Iron and Steel Group Co. Ltd. (HBIS Tangsteel), a Chinese steel producer, has awarded Primetals Technologies with the final acceptance

Fortescue sees strong iron ore demand as China churns out record ...
Wed, 28 Oct 2020 18:31:00 GMT
Andrew Forrest's Fortescue Metals Group has lifted its shipments of iron ore by 5 per cent as strong Chinese demand underpins this year's stunning price rally,

Silvercorp Metals Exploration Program at the TLP Mine in Ying ...
Tue, 27 Oct 2020 22:39:00 GMT
Silvercorp Metals Inc has reported results of its exploration program at the TLP mine in Ying Mining District in Henan Province of China. Extensive exploration drilling and tunneling are ongoing

JSW Steels Q2 recovery good, but stocks valuations pricey
Tue, 27 Oct 2020 00:00:00 GMT
Steel companies were expected to rebound after the washed-out first quarter. But JSW Steel did even better, thanks to better volume growth and higher realisations. However, its pricey valuations could still be a deterrent for investors. The stock slid about 3% post the results, showing investors want valuations to cool down further. The stock had rallied sharply in the past three months on the back of Chinese demand and uptick in steel prices. JSWs steel volumes grew well at 14%

Iron ore hits 4-week low on rising China port stocks, demand ...
Tue, 27 Oct 2020 00:00:00 GMT
Iron ore futures hit a four-week low on Monday, as Chinas portside inventory piled up to its highest since February and worries about future demand for the raw material in the worlds top steel producer weighed on sentiment. The most-traded iron ore contract with January 2021 expiry on Chinas Dalian Commodity Exchange closed down 3.3% at 760.50 yuan ($113.72) a tonne. It dropped as much as 3.8% earlier in the session to its lowest level since Sept. 25. The steelmaking ingredients

China: Crude steel output nears record
Tue, 27 Oct 2020 00:00:00 GMT
Chinas crude steel output is estimated to exceed 1 billion metric tons this year. That will mark an increase of 3-5 percent year-on-year. But, the industry profitability this year is likely to stay flat and may increase modestly next year, according to the China Iron and Steel Association. Qu Xiuli, deputy head of CISA, said the industry has been able to maintain high-quality development during the first nine months of the year, despite the negative impact of the COVID-19 pandemic and

Wu'an to integrate 14 steel companies into 5 steel groups
Sun, 25 Oct 2020 20:25:00 GMT
In recent years, Wu'an, Hebei province has made every effort to promote the transformation supply-side structural reforms in the steel industry through capacity reduction, acquisition, reorganisation,

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Asia-Pacific region iron and steel industry news.