Steel Raw Material News

Automotive crisis causes short scrap supply, Assofermet
Fri, 06 Dec 2019 00:00:00 GMT
Italian steel trade association Assofermet reported a recovery in demand for long products in November and difficulties in sourcing scrap. This has pushed up scrap prices both in Italy and on the wider international arena. However, the crisis in the automotive sector is persisting, particularly in Germany where scrap supply from this sector is


SEAISI Press Release
Mon, 02 Dec 2019 00:00:00 GMT
High steel margins magnify impact of changing iron ore specifications


Global Steel Output Drops as China Loses Steam: What's Ahead
Wed, 27 Nov 2019 00:00:00 GMT
Chinese steel production slipped 0.6% year over year to 81.5 Mt in October amid Beijing's anti-pollution drive.


EU suspects Chinese steelmakers are dodging anti-dumping duties
Tue, 26 Nov 2019 06:18:00 GMT
It added that significant volumes of such steel were coming into the EU at excessively low prices ... The duties apply to companies belonging to Chinas HBIS group (000709.SZ), including Hesteel Co


PRESS RELEASE - EUROFER supports EU WTO action on Indonesia
Fri, 22 Nov 2019 00:00:00 GMT
Brussels, 22 November 2019 The EU has launched a WTO challenge against Indonesian export restrictions on the raw materials used in stainless steel production. The European Steel Association (EUROFER) welcomes the announcement by the European Commission that they are taking Indonesia to the WTO in order to protest against the distortive effects of these


Vale returns looking for low-cost debt after Brumadinho tragedy
Thu, 21 Nov 2019 08:20:00 GMT
In January, following the collapse of a tailings dam at an iron ore mine in the Brumadinho region ... four years after a similar collapse at the Samarco mine in Brazil, which left 19 people


Cleveland-Cliffs Inc. (CLF) CEO Lourenco Goncalves Presents at ...
Thu, 21 Nov 2019 07:41:00 GMT
Post-Samarco the importance of Vale was completely ... of course X is self-sufficient - U.S. Steel is self-sufficient in their own iron ore pellets people are looking at their implication of


Rio Tinto expects lift in iron ore shipments despite China worries
Thu, 31 Oct 2019 00:00:00 GMT
Mining giant Rio Tinto expects to increase its iron ore shipments next year despite concerns of slowing demand from


Metalloinvest announces first ECA backed financing deal under ...
Wed, 16 Oct 2019 00:00:00 GMT
Metalloinvest (the Company), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces the signing of an agreement with MUFG for ECA backed financing in the amount of EUR 9.9 mn. The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by INTECO melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian export


SA platinum miners consider paying dividends
Thu, 03 Oct 2019 00:00:00 GMT
Anglo American said their pipeline in Minas-Rio would be repaired and inspected in approximately 90 days.


De Beers will let buyers reject more diamonds to fend off crisis
Wed, 14 Aug 2019 00:00:00 GMT
BHP Group has talked to Anglo American chief executive officer Mark Cutifani about running for the top job at the company, according to people familiar with the


Metalloinvest presents updated Development Strategy
Mon, 05 Aug 2019 00:00:00 GMT
Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and one of the regional producers of high-quality steel, has updated its Development Strategy. The Strategy aims to allow the Company to maintain the leading position in the metals and mining industry and continuously enhance the Companys efficiency. In 2015, Metalloinvest announced Strategy 2023, which aimed to strengthen the Companys position as the global leader in hot briquetted iron (HBI) production;


Severstal announces sale of Mini-Mill Balakovo
Mon, 05 Aug 2019 00:00:00 GMT
PAO Severstal (the Company) one of the worlds leading vertically integrated steel and steel-related mining companies, announces that it has entered into a definitive agreement with Abinsk Electric Steel Works LTD for the sale of Mini-Mill Balakovo. The consideration of the transaction will be $215 million. The transaction is expected to complete in first half of 2019 following the receipt of approvals and other standard conditions. Alexander Shevelev, CEO of Severstal, commented:


Metal shares under pressure; JSW Steel, Hindustan Zinc hit 52-week ...
Wed, 10 Jul 2019 00:00:00 GMT
Jindal Steel and Power, Tata Steel, JSW Steel, Steel Authority of India, Hindustan Zinc and Vedanta were down in the range of 3 per cent to 4 per


Mechel, BELAZ-24 Cinch Deal for Dump Truck Supply
Sat, 06 Jul 2019 00:00:00 GMT
Mechel PAO (MOEX: MTLR; NYSE: MTL), a leading Russian mining and metals company, reports signing an agreement with CTP BELAZ-24 OOO for 15 dump trucks with a total value of approximately two billion rubles. The deal was signed on the sidelines of the international specialized mining technologies exposition Russian Coal and Mining held in Novokuznetsk. The new trucks with capacity ranging from 130 to 220 tonnes will come to Mechel Groups facilities in Kemerovo and Irkutsk Regions, with 11


Number of news reports: 15