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Iranian company constructs sponge iron production plant for China
Mon, 26 Jul 2021 13:04:02 GMT
TEHRAN Irans Mines and Metals Company (MME) has established Chinas first gas-based sponge iron production unit using the Persian Direct Reduction (PERED) technology, the portal of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)

Wuppermann invests in Hungarian plant
Fri, 16 Jul 2021 00:00:00 GMT
German galvanizing and coil processing group Wuppermann has budgeted HUF 5.3 billion ($17 million) for the upgrade of its Hungarian plant near the port of Gyr-Gny. According to a spokeswoman, the money has been lined up for property-plant-equipment (PPE) investment. This involves new machinery, a capacity increase, development of processes, automation of storage and

Ukraine: PGOK CFO becomes Ferrexpo CFO
Thu, 08 Jul 2021 09:54:05 GMT
Ferrexpo board of directors has appointed Nikolay Klavdiyev the group chief financial officer. Since 2007, Klavdiyev has been the Poltava Mining and Processing Works CFO. The current acting CFO Roman Palivoda has decided to leave the group after 13 years to have other opportunities of career growth. Klavdiyev will start working from August 4,

Iran's plans for promoting mining sector bearing fruit
Mon, 05 Jul 2021 13:04:05 GMT
TEHRAN - Having 68 different types of minerals, including the worlds largest copper, zinc and iron reserves, Iran is one of the top 10 mineral-rich countries across the globe. In this regard, the Iranian government has been seriously pursuing several programs for promoting the mining sector as a major contributor to the countrys economic

EC opens dumping probe of HDG steel from Turkey, Russia
Fri, 25 Jun 2021 00:00:00 GMT
The European Commission announced June 24 it has opened an investigation into hot-dip galvanized coil imports from Turkey and Russia, alleging imports of certain corrosion-resistant steels originating from these countries were being dumped. The allegation is based on a comparison of the domestic price with the export price on an ex-works basis of the

Stainless market to return to 2019 levels, BIR
Thu, 03 Jun 2021 00:00:00 GMT
Stainless steel production in Europe, the Middle East and Asia could well return to 2019 levels this year. This however is not predicted to happen in the USA, Japan and India, Nornickel analyst Alina Racu said at the Bureau of International Recycling (BIR) convention this week attended byKallanish. Racu also sees a swift post-Covid-19-pandemic

IMIDRO allocates over $238m to developing mining infrastructure
Tue, 01 Jun 2021 13:04:06 GMT
TEHRAN - Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) is going to spend 10 trillion rials (about $238.1 million) for developing mining infrastructure across the country in the current Iranian calendar year (started on March 21), an official with the organization

29 mining projects ready to go operational across Iran
Tue, 25 May 2021 13:04:05 GMT
TEHRAN Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Vajihollah Jafari has announced that 29 projects in mines and mining industries are ready for inauguration across the

Liberty Steel owner scrambles with crisis engulfing his business
Wed, 12 May 2021 00:00:00 GMT
From his villa on Dubai's exclusive Palm Jumeirah development, the metals tycoon Sanjeev Gupta is orchestrating a complicated juggling act. His far-flung business empire - he has acquired mines, smelters, steelworks and power plants from the US to Australia

Scrap exceeds $500 in Turkey
Wed, 12 May 2021 00:00:00 GMT
Turkish mills have been forced to pay above $500/tonne cfr for scrap despite trying to keep their imported scrap buying prices below this threshold,Kallanishnotes. A long steel producer in western Turkey has concluded a scrap booking from the UK that consists of 18,000 tonnes of shredded at $519/t cfr and 6,000t of HMS 1&2

Sanjeev Gupta may save Liberty Steel with GBP 200m loan from ...
Fri, 07 May 2021 00:00:00 GMT
Britain's third largest steel business may avoid collapse as owner Sanjeev Gupta is close to securing a GBP 200 million loan from a private firm. Gupta, who is currently in Dubai, has agreed on financing terms for Liberty Steel UK with White Oak Global

Ferrous scrap prices weaken to iron ore as correlation breaks ...
Thu, 06 May 2021 00:00:00 GMT
Ferrous scrap has decoupled from stronger iron ore prices so far in 2021, as low coking coal costs and strong steel demand in China and elsewhere support iron ore consumption at blast furnaces. Scrap and iron ore tracked relatively closely in 2020, before the link between the two key steelmaking raw materials broke down this year, with scrap falling to the lowest price ratio to iron ore since August 2020. The outright S&P Global Platts Turkey import HMS 1/2 (80:20) scrap to the China

Number of Middle East industry news reports: 12
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