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Press Release - Evraz
Thu, 15 Apr 2021 00:00:00 GMT
Update On The Potential Demerger Of Coal Assets

BAMIN wins bid to operate FIOL railway, a boost to ERGs iron ...
Sat, 10 Apr 2021 00:00:00 GMT
Eurasian Resources Group (ERG or the Group), a leading diversified natural resources producer, and its wholly-owned Brazilian subsidiary BAMIN, today announced that BAMIN has won the auction on the Bovespa (So Paulo Stock Exchange) to complete and operate the first 537 km stretch (FIOL Stage 1) of the FIOL (East-West Integration) railway. FIOL will provide a high capacity and low cost link between ERGs Pedra de Ferro mine in Caetite and its Porto Sul port in Ilhus, Bahia state. The

Steel prices expected to marginally move up from current levels
Fri, 09 Apr 2021 00:00:00 GMT
The steel stocks have been rallying for the past few months. Many thought that the rally was done and the steel prices would not rise as they had risen over the past few months, but prices have moved up even more. Vikash Singh, VP-Metals and Mining at Philip Capital said, If we look at the Indian steel prices, they are still at a fair discount to the imported prices. So, the prices should either stay consistent at this level or there is a slight possibility of prices going up marginally

Liberty ore/nickel sales raise conduct questions
Thu, 08 Apr 2021 00:00:00 GMT
London-headquartered metals trader Liberty Commodities, part of the vast Gupta Family Group Alliance of companies owned by UK businessman Sanjeev Gupta, made multiple sales of nickel and iron ore pellet to Indian cold-rolled and hot-dip galvanised coil steel producer Uttam Galva between July 2014 and October 2015, according to documents obtained by Argus

Iron ore bonanza to deliver until 2022 as supply squeeze lingers
Wed, 07 Apr 2021 00:00:00 GMT
Australias biggest miners are poised to benefit from better-than-expected iron ore prices for at least the rest of the year as global ratings agency S&P upgrades its forecasts for the key steel-making raw material. After surging Chinese steel output in 2020 propelled iron ore prices to a 10-year high and delivered bumper returns to shareholders of BHP, Rio Tinto and Fortescue, S&P Global on Friday upgraded its price assumption for the commodity from $US100 a tonne to $US130 a tonne

Global prices to prop domestic steel despite near-term demand ...
Tue, 06 Apr 2021 00:00:00 GMT
Indias steel consumption growth is expected to moderate sequentially in the near term due to a surge in the number of new Covid cases in March 2021 and increasing mobility restrictions. However, the extent of moderation is too early to estimate, given that vaccination drive is ongoing and the fact that the lockdowns being announced are not as severe as witnessed in Q1 FY2021, said ratings agency Icra today. Despite the possibility of demand moderation, Icra expects domestic steel prices to

Owner of JTL, Tenergy acquires Can-Eng Furnaces
Mon, 05 Apr 2021 12:45:00 GMT
Victor Oreskovich, owner of JTL Integrated Machine Ltd. and Trenergy Inc., has announced the acquisition of Can-Eng Furnaces Intl. Ltd., a designer and manufacturer of thermal processing equipment for ferrous and nonferrous metals. With this addition, the combined resources increase to more

Stocks to watch: Tata Motors, RIL, Adani Enterprises, Britannia ...
Mon, 05 Apr 2021 00:00:00 GMT
MCL, a subsidiary of Coal India Ltd, on Friday said it has posted a record production of148.01 million tonne and achieved the highest-ever dispatch

Q2 iron ore pellet offer prices rise as margin lag hinders acceptance
Fri, 02 Apr 2021 00:00:00 GMT
Record spot steel prices and margins in Europe and the Americas are supporting higher iron ore pellet premium offers for second-quarter volumes, even though buyers are concerned that a lag with contracted steel sales may push realized margins down. The rapid ascent of HRC spot steel prices to Eur850/mt ($999/mt) ex-works in Europe in the week of March 28 may heighten comparisons between contract steel pricing with index-linking forward steel sales. Raw materials are largely based on spot

Swiss Steel selects Metalshub as procurement platform
Thu, 01 Apr 2021 00:00:00 GMT
Swiss Steel has selected cloud-based platform Metalshub for its raw material procurement activities,Kallanishhears from the maker of special bar qualities. Metalshub will be used for purchasing a significant proportion of raw materials and will be integrated with the existing ERP system of Swiss Steels four European business units, Ascometal, Deutsche Edelstahlwerke, Ugitech and Steeltec.

Chinas steel plants kick off the 8th coke price cut
Wed, 31 Mar 2021 00:00:00 GMT
Some steel plants in North and East China have triggered the eighth-round coke procurement price cut by another Yuan 100/tonne ($15.3/t), on the back of high coke stocks, and if successful, the Chinese steel mills will need to reclaim another Yuan 200/t from the domestic coke makers to erase all the increments in 15 rounds over last August to early February, Mysteel Global noted. Chinas coke price has been on a downtrend since late February, and the past seven rounds of price cuts had been

ArcelorMittal specifies costs of DRI conversion in Germany
Wed, 31 Mar 2021 00:00:00 GMT
The conversion of ArcelorMittals German integrated mills in Bremen and Eisenhttenstadt to make direct reduced iron will result in steel production costs that are around 60% higher than they are today. The company is therefore pleading for the necessary political support and access to funding, to make the implementation of our plans happen,Kallanishreads in

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