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Export options. NMDC to tap export markets finally as iron ore ...
Tue, 21 Feb 2023 00:00:00 GMT
NMDC Ltd, an iron-ore miner and a CPSE under the Ministry of Steel, will tap export markets like China with the price of the mineral hovering at a viable $120 per tonne level. Exports are likely to happen in Q4 FY23 and methodology of the same is being finalised. Iron ore price (in international markets) have rebounded from a low of $80/t in November. According to Sumit Deb, Chairman and Managing Director, NMDC, exports could take place either via Vizag port or Krishnapatnam port.


Fortescues Iron Bridge to begin production this quarter; Q2 shipments ...
Mon, 30 Jan 2023 00:00:00 GMT
Australias Fortescue Metals Group FMG.AX on Friday confirmed its Iron Bridge Magnetite project was on track to begin production at the end of the March quarter, realising a key strategy to secure better prices for its ore. Fortescue, run by billionaire and iron ore magnate Andrew Forrest, posted a 4% rise in quarterly shipments, underpinned by strength across its key Western Australia iron ore operations. The Iron Bridge project in Western Australias Pilbara region will allow Fortescue to


Russia's NLMK restarts steel coil rolling at Belgium's La Louviere ...
Thu, 12 Jan 2023 00:00:00 GMT
Belgian flat rolled steel producer NLMK La Louviere has resumed hot rolling operations at its 1.7 million mt/year hot strip mill, which had been idled in the second half of December, Russian parent company NLMK told S&P Global Commodity Insights Jan. 11. The mills rolling operations are currently limited to a smaller range of


Increase use of low-grade iron ore in steel production: Govt ...
Sat, 24 Dec 2022 00:00:00 GMT
The domestic steel industry must adopt new age technologies and carry out research and development (R&D) activities to utilise the low-grade iron ore in their production, the government said on Thursday. The production of low-grade iron ore is increasing in the country compared to high-grade ores, Steel Secretary Sanjay Singh said. Industry must collaborate in.the countrys preparedness for producing all kinds of speciality steel, utilising about 100 million tonne (MT) low quality ore


Dalian iron ore edges higher as China stimulus offers relief
Fri, 23 Dec 2022 00:00:00 GMT
Dalian iron ore edged higher on Thursday, buoyed by hopes of improved steel demand in China in 2023, as Beijing seeks to ensure economic growth, even as local COVID outbreaks are curbing industrial activity and consumer demand. Top global steel producer China will implement policy measures to support the economy and aim for an improvement in growth in early 2023, state media on Wednesday quoted the cabinet as saying. Last week, Chinese leaders pledged to focus on stabilising the economy in


NLMK Belgium concludes integration of DanSteel
Wed, 26 Oct 2022 00:00:00 GMT
NLMK has formally concluded the integration into NLMK Belgium Holdings (NBH) of NLMK DanSteel. As a result, NBH has further expanded into the steel plate market, increasing its offering and becoming a player, for example, in the wind energy segment. NBH is a Belgium-based joint venture between the public entity SOGEPA and NLMK Group.


Eisen-Fischer invests in bending equipment
Fri, 19 Aug 2022 00:00:00 GMT
German rebar bender and distributor Eisen-Fischer is in the process of finalising a larger investment spree at its site in Diez in the state of Hesse. Eisen-Fischer Group consists of 13 locations, most of them for sanitary, construction and D-I-Y products, with three sites specialising in steel distribution. A couple of years ago, the


Sidenor buys Spanish automotive component supplier MCD
Tue, 19 Jul 2022 00:00:00 GMT
Spanish special steelmaker Sidenor has acquired Mecanizados de Cremalleras de Direccin (MCD), a Basque company specialising in car xxx The deal ensures us to increase our presence in the automotive market by offering a wider range of high added value products, such as vehicle steering systems Sidenor says. MCD has been present in the


EU rebar market returns to pre-war levels: Feralpi
Wed, 06 Jul 2022 00:00:00 GMT
The Italian and European rebar markets seem to be normalising after a very challenging second quarter, Marco Sbaraini, chief commercial officer at Italian group Feralpi, said during a webinar on Tuesday. We are coming out of a surreal three months. After the start of the conflict in Ukraine, prices surged a lot due to


NLMK to launch new coated steel in 2023
Mon, 27 Jun 2022 00:00:00 GMT
NLMK Group is improving the quality of its steel offering with a zinc-aluminium-magnesium coating of increased resistance, the company says. The firm says it carried out successful tests of rolled products with increased corrosion resistance with a paint and varnish coating. The results showed virtually zero impact of aggressive environments on the metal surface,


Be bold in your digital transformation: C4L and LCL conference
Thu, 16 Jun 2022 00:00:00 GMT
EUROMETAL participated in the conference Digitalising logistics and supply chains to reinforce resilience of the Cluster for Logistics and the Luxembourg Centre for Logistics and Supply Chain Management that took a good look at innovation and what to take into consideration when planning new projects. The Masters of ceremony, Malik Zeniti, C4L Director, and



Number of NLMK business news reports: 11
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