Steel Raw Material News

Fortescue profit spikes on iron ore price jump, but dividend ...
Wed, 19 Feb 2020 00:00:00 GMT
Australias Fortescue Metals Group Ltd (FMG.AX) reported a near four-fold jump in half-year profit on Wednesday as it cashed in on higher iron ore prices, while analysts said a lower-than-expected dividend reflected caution on the global economy. Fortescue is the second of the global iron ore giants to report results this season, and also the second to offer lower than anticipated payouts which analysts said reflected a move to keep cash in reserve given uncertainties over global economic


BHP banks on future-facing commodities
Tue, 18 Feb 2020 14:59:00 GMT
BHP is also on track to achieve production guidance for the 2020 financial year at Western Australia Iron Ore (WAIO) and Queensland Coal despite weather impacts this ... to the people affected by the


BHP First-Half Profit Rises; Dividend Lifted
Mon, 17 Feb 2020 23:06:00 GMT
BHP Group reported a 29% rise in half-year net profit and lifted its dividend, after strong prices of iron ore more than offset weakness among almost all other commodities that it


Chinas focus now on reviving economy, seeking balance between ...
Mon, 17 Feb 2020 09:45:00 GMT
A worker of HBIS Group Tangsteel Company patrols at the steel coil storage area in Tangshan, north China's Hebei Province, May 31, 2019. (Xinhua/Mu Yu) With growing signs that the COVID-19 outbreak is


Coronavirus logjam hits Rio Tinto copper deliveries
Wed, 12 Feb 2020 00:00:00 GMT
Australian miner Rio Tinto is experiencing a slowdown in sending deliveries of copper concentrate from its Mongolian mine to Chinese customers across the


SMM Hot News: Impact of the coronavirus outbreak on China metals ...
Mon, 03 Feb 2020 23:10:00 GMT
According to SMM research, steel mills in Hubei and Hunan whose raw materials procurement or business scope involves Hubei, the epicenter of the virus outbreak, may see their raw materials being able


'Frost on top of snowfall': Virus piles pressure on China's industrial ...
Fri, 31 Jan 2020 01:40:00 GMT
A liquefied gas trader in Tangshan in northeast Hebei province said truck drivers were due back on Thursday, but none had returned. While some steel mills in Hebei, Chinas top steelmaking hub


Brazil struggles may prolong Australias iron ore boom
Mon, 27 Jan 2020 00:00:00 GMT
Australian miners and Treasury boffins could be enjoying strong iron ore prices for longer than expected, amid growing signals that Brazilian miner Vale has made a weak start to the year. Vale said last year that it would make a slow start to 2020, shipping 70 million to 75 million tonnes in the three months to March 31 before accelerating to produce between 340 million and 355 million tonnes in the year. But sources with access to Brazilian port data suggest Vales output has been weaker


Vale Will Keep Paying for Its Dam Disasters
Fri, 24 Jan 2020 23:01:00 GMT
A year on from the Brumadinho collapse, the miners shares have regained their pre-accident level. That looks overly


SEAISI Press Release
Thu, 23 Jan 2020 00:00:00 GMT
ArcelorMittal Nippon Steel participating in Odisha iron ore mine auctions: CEO Dilip Oomme


BHP flags slow down in coal production in Oz due to fires
Wed, 22 Jan 2020 03:07:00 GMT
BHP said approval of the corrective Operating Licence for Samarcos operating activities at its Germano Complex was received ... It said natural gas production also fell 8 percent while iron ore


BHP Group Riding Chinas Steel Wave
Tue, 21 Jan 2020 17:10:00 GMT
A strong outlook for iron ore and metallurgical coal is providing momentum for BHP Group ((BHP ... Meanwhile, funds of US$581m have been released to support the Renova foundation in 2020 which will be


Bushfires and air quality take toll on BHP coal output
Tue, 21 Jan 2020 04:47:00 GMT
BHP's Australian iron ore output for the three months ending December 30 was 68 million tonnes ... exploration expenses to rise by $US231 million and the group is accounting for a further US$793


Why Mike Henry is about to hit the accelerator at BHP
Mon, 20 Jan 2020 17:02:00 GMT
And two years prior, BHP was rocked by the tragic dam collapse at its Samarco iron ore mine in Brazil. But this year, BHPs quarterly report for December which doubles as an early look at the


Factbox: Iran's metals under new U.S. sanctions
Tue, 14 Jan 2020 07:51:00 GMT
Below are details of Irans main minerals, based on data from IMIDRO, unless otherwise stated ... In 2018, Iran was ranked 11th among global steel producers, according to World Steel


Irans Mining Exports Rising YOY
Wed, 25 Dec 2019 06:06:00 GMT
According to IMIDRO, mining sector accounted for 16 percent ... Irans ministry of industry issued a report showing that production of crude steel, including blooms, billets, and slabs, had


China, S. Korea steel companies form JV
Wed, 11 Dec 2019 00:33:00 GMT
According to the company, location of the joint venture, which is still under discussion, is expected to be in Tangshan, North China's Hebei province, where HBIS's Laoting cold rolling steel project


Paul Wurth to Supply Coke Oven Technology to Xiangtan Steel in ...
Tue, 10 Dec 2019 22:23:00 GMT
Based on this cooperation, top charging batteries of Jumbo type have been commissioned at Rizhao Iron & Steel in 2017/18. The success of the Rizhao project, where Paul Wurths cokemaking


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


Number of news reports: 20