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Forrest unveils Fortescues green steel plans
Fri, 22 Jan 2021 00:00:00 GMT
Fortescue Metals Group chairman Andrew Forrest has revealed his ambitions to build Australias first green steel pilot plant this

Voestalpine restarts second blast furnace at Donawitz
Fri, 22 Jan 2021 00:00:00 GMT
In response to the current level of orders in the long steel segment, voestalpine has decided to again operate two blast furnaces at its site in Donawitz, Austria. One of the two furnaces, which has an annual pig iron production capacity of around 750,000 tonnes and underwent scheduled interim repairs last summer, has now

Spain's Sidenor expands capacity as activity picks up
Fri, 22 Jan 2021 00:00:00 GMT
Spanish-headquartered steelmaker and special steels supplier Sidenor is expanding capacity and range at one of its mills. The company has confirmed its current order book secures an 85-90% capacity utilisation rate across its mills. The Basauri rolling mill will be revamped for 90 million ($109m). This will include a new storage area for semi-finished

Trade review: Soaring iron ore prices set to face hurdles in ...
Thu, 21 Jan 2021 00:00:00 GMT
Seaborne iron ore prices defied the usual late year seasonal slowdown to hit multi-year highs in the final quarter of 2020, with demand fueled by strong steel margins and high output but margin pressures and the seasonal Lunar New Year holiday slowdown are likely to take the heat out of the rally in the first quarter of 2021. The S&P Global Platts 62% Fe Iron Ore fines index, or IODEX, surged to a nine-year high at $177.15/dry mt CFR China Dec. 21, after starting the quarter at

MMK puts cloud-based procurement system into commercial operation
Thu, 21 Jan 2021 00:00:00 GMT
Magnitogorsk Iron and Steel Works (MMK) widely employs advanced procurement practices. Currently, MMK is implementing a self-service cloud procurement system based on Oracle Self Service Procurement

China finalizing high-quality growth in steel industry
Wed, 20 Jan 2021 00:00:00 GMT
Chinas Ministry of Industry and Information Technology (MIIT), the regulating body of the countrys industrial sector including steel mills, is collecting the public feedbacks until January 31 for the final version of the high-quality development guidelines for the domestic steel mills over the 14th Five-Year Plan period (2021-2025) and over an even longer term until 2035, Mysteel Global noted from MIITs notice. The 15-page guidance lists the detailed criteria in all the key aspects

Riley mine to Venture into production next quarter
Wed, 20 Jan 2021 00:00:00 GMT
Venture Minerals has set a pathway for iron ore production at the Riley mine in Tasmania by next quarter after completing construction of the wet screening

BHP sets iron ore record as prices surge
Wed, 20 Jan 2021 00:00:00 GMT
BHP has capitalised on a 35 per cent increase in prices for its iron ore mined in the Pilbara by delivering a production record for the second half of

Australian iron ore prices rise in China
Tue, 19 Jan 2021 00:00:00 GMT
Australian iron ore fine prices have recorded strong prices in China this week following the latter's record steel output in

MMK retains top position in rating of coated steel producers
Tue, 19 Jan 2021 00:00:00 GMT
The leading Russian industry magazine Metal Supply and Sales has published its traditional rating of leading metallurgical companies based on results for the second half of 2020. Magnitogorsk Iron and Steel Works (MMK) has again been recognised as the best Russian manufacturer of galvanized and coated flat

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Nifty Metal index slips 4%; SAIL, Jindal Steel tumble up to 14%
Fri, 22 Jan 2021 00:00:00 GMT
Welspun Corp, Hindalco Industries, Hindustan Copper and JSW Steel were down 5 per cent in intra-day trade on the NSE

India: Steel sector, users in for more shocks as iron ore prices ...
Mon, 18 Jan 2021 00:00:00 GMT
Steel and user industries in India are in for more price shocks as iron ore rose to a near 10-year-high on January 14, with Chinese customs data showing record imports by Beijing. They can expect some relief after the first quarter of 2021, with prices expected to drop in the second quarter and even below $100 a tonne in the following quarters. Iron ore prices increased to 10-year-high in December before retreating on reports of China wanting to reduce its steel output., quoting

Steel companies engage with vaccine makers for bulk supply of ...
Mon, 18 Jan 2021 00:00:00 GMT
Domestic steel makers like -- Tata Steel, ArcelorMittal Nippon Steel India (AMNS India) and Rashtriya Ispat Nigam Ltd (RINL) said they will continue to support the government in the nationwide drive and will wait till vaccines are available for

South America Media Releases

BHP bumps up 2020-21 iron ore guidance on Samarco restart, softens ...
Thu, 21 Jan 2021 00:00:00 GMT
Mining giant BHP bumped up its fiscal 2020-2021 (July-June) iron ore production guidance following the restart of its joint venture Brazilian Samarco operation, while its metallurgical coal output is expected to be in the lower end of the forecast range due to weather impact. BHP now expects iron ore production of 245 million-255 million mt for the current fiscal year, which is up from the previous range of 244 million-253 million mt. The added tonnes are all due to Samarco, while BHPs

Tenaris to invest in hydrogen steelmaking in Italy
Thu, 14 Jan 2021 00:00:00 GMT
Tubemaker Tenaris has signed an agreement with Italian energy suppliers Edison and Snam for a project aimed at using hydrogen in some steelmaking operations at the Tenaris Dalmine seamless tube plant in Italy. The project will focus on studying the supply of hydrogen to the plant and adapting the mill to use the gas

Vales disappointing iron ore output adds fuel to scorching price ...
Fri, 04 Dec 2020 00:00:00 GMT
The hottest major commodity of 2020 is getting even hotter, with iron ore boosted by news that one of the worlds biggest producers will not meet its output targets this year. Brazils Vale said on Wednesday that it would produce 300 million to 305 million tonnes of iron ore this year, down from a prior forecast of at least 310 million. Vale also said it expected 2021 output in a range between 315 million to 335 million tonnes, below what analysts had been expecting. The mining giant is

Africa Steel News

Sundance seeks $8.8 bln in damages over Congo iron ore project
Wed, 23 Dec 2020 00:00:00 GMT
Australian miner Sundance Resources said on Monday that it had initiated an arbitration process against Congo Republic for damages of $8.76 billion after the Congolese government revoked its permit for the Nabeba iron ore project. The Nabeba permit is part of Sundances flagship Mbalam-Nabeba project, which straddles the border of Congo and Cameroon. It has yet to begin extracting iron ore. A decree by President Sassou Nguesso published on Dec. 17 in Congos official gazette confirmed the

Australian miners press Congo over seized iron ore projects
Wed, 23 Dec 2020 00:00:00 GMT
Congo Republic has cancelled iron ore projects with three Australian miners, two of the companies said, and handed them to a firm nobody knows anything about, prompting one to seek $8.76 billion in damages from the central African nation. The sudden cancellation sparked alarm among the project owners after years of working closely with the government of Congo Republic. Sundance Resources Ltd and Equatorial Resources Ltd EQX.AX both said this week they had been notified through an official

Ziscosteel 'ghost' can still be brought back to life
Thu, 19 Nov 2020 22:15:00 GMT
THE car suddenly stops by a gate, hidden by the overgrown grass and shrubs. This is one of the many entrances to Ziscosteel's Sinter Plant, an abandoned


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