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https://www.hellenicshippingnews.com/iron-ore-drops-further-as-strong-supply-china-steel-sell-off-weigh/

POSCO Future M Trains Key Personnel for Canadian Plant in Korea ...
korea posco
Fri, 26 Jul 2024 00:00:00 GMT
POSCO Future M Trains Key Personnel for Canadian Plant in Korea, Advancing Global Technical Workforce Development

https://newsroom.posco.com/en/posco-future-m-trains-key-personnel-for-canadian-plant-in-korea-advancing-global-technical-workforce-development/

Uzbekistan: metallurgy up in H1 2024
metals trade uzbekistan
Fri, 26 Jul 2024 00:00:00 GMT
In January-June, the metallurgical industry produced goods worth almost 77 trillion soums with annual growth of 8%, the Statistics Agency reported. Meanwhile, supplies of metal products increased by almost 4%. In the first half of the year, Uzbekistan exported non-ferrous metals worth $688.2 million, down by 3.8%. Exports of pig iron and steel decreased

https://metalukraine.com/2024/07/26/uzbekistan-metallurgy-up-in-h1-2024.html

Controversy erupts in Indias civil services
india steel
Fri, 26 Jul 2024 00:00:00 GMT
Daily News Egypt - With the reputation of Indias steel frame at stake, UPSC needs to regain credibility

https://gulfnews.com/gulfnews/opinion/op-eds/controversy-erupts-in-indias-civil-services-1.103607991

EUROMETAL members expect stable steel prices in 4Q
market metals
Fri, 26 Jul 2024 00:00:00 GMT
Steel distributors association EUROMETALs inaugural market sentiment survey shows that...

https://eurometal.net/eurometal-members-expect-stable-steel-prices-in-4q/

Offshore loans turn cheaper as global investors widen exposure
india jsw steel
Fri, 26 Jul 2024 00:00:00 GMT
Indian corporates found raising funds through offshore syndicated loans more affordable in 2024 due to increased global investor interest. The volume remained stable at $13.3 billion. HSBC emerged as the top bookrunner, followed by DBS Group, Mitsubishi UFJ Financial Group, and Taipei Fubon Commercial Bank. Firms like Union Bank, JSW Steel, and Hero Fincorp have utilized this

https://economictimes.indiatimes.com/industry/banking/finance/offshore-loans-turn-cheaper-as-global-investors-widen-exposure/articleshow/112024102.cms

Iron Workers International Endorses Kamala Harris for President
labour
Thu, 25 Jul 2024 00:00:00 GMT
The International Association of Bridge, Structural, Ornamental, and Reinforcing Iron Workers proudly announces its endorsement of Kamala

https://www.steel-technology.com/news/iron-workers-international-endorses-kamala-harris-for-president

Steel Devt Ministry In Talks To Establish CNG Park Within ASCOM
steel
Thu, 25 Jul 2024 00:00:00 GMT
The Ministry of Steel Development has revealed that it is in talks with the Presidential Compressed Natural Gas Initiative (P-CNGI) to establish a

https://sciencenigeria.com/steel-devt-ministry-in-talks-to-establish-cng-park-within-ascom/

Steel Wire Rod Prices Decrease in USA and China; Germany Holds ...
germany market steel
Wed, 24 Jul 2024 16:09:00 GMT
By the week ending July 12th, the USA Steel Wire Rod market experienced a price decrease, influenced by moderate supply levels and broader

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/steel-wire-rod-prices-decrease-in-usa-and-china-germany-holds-steady-29196

BLM GROUP USA breaks ground on office expansion
tube
Wed, 24 Jul 2024 13:38:00 GMT
BLM GROUP USA, a manufacturer of tube and sheet metal processing machines, has broken ground on a nearly 65,000-sq.-ft. expansion of its Novi, Mich., headquarters for North

https://www.thefabricator.com/tubepipejournal/news/tubepipefabrication/blm-group-usa-breaks-ground-on-office-expansion

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Regional News and Industry Developments

Africa Announcements

Rio Tinto Advances Simandou Project with Final Approvals
guinea investment iron ore rio
Tue, 16 Jul 2024 18:17:00 GMT
Rio Tinto has fulfilled all prerequisites for its investment in developing the Simandou high-grade iron ore deposit in Guinea, including

Conditions on Simandou investment now satisfied
guinea investment iron ore rio
Tue, 16 Jul 2024 00:00:00 GMT
LONDON--(BUSINESS WIRE)-- All conditions have now been satisfied for Rio Tintos investment to develop the Simandou high-grade iron ore deposit in Guinea, including the completion of necessary Guinean and Chinese regulatory approvals. The transaction is expected to complete during the week of 15 July 2024. Along with the recent approval by the Board of Simfer1, this allows Simfer to invest

Rio Tintos African iron ore project receives all necessary approvals
guinea iron ore rio trade
Tue, 16 Jul 2024 00:00:00 GMT
Rio Tinto said on Tuesday its massive African iron ore project in Guinea that it is jointly developing with a Chinese consortium has received all the regulatory approvals, including those from thelocal and Chinese governments. The Simandou project, which has a complex ownership structure, has seen its construction delayed for years by legal wrangling, political changes locally and the difficulty and cost of the 600 km of rail and port that need to be built to export the ore from the mines in

Asia Pacific Media Releases

Iron ore drops further as strong supply, China steel sell-off ...
iron ore market singapore
Fri, 26 Jul 2024 00:00:00 GMT
Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer Chinas persistently weak steel market, although hints of heavier monetary stimulus helped limit losses. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) fell for a fifth straight session to close daytime trade with a loss of 1.55% to 764.5 yuan ($105.50) a metric ton. The benchmark August iron ore SZZFQ4 on the Singapore Exchange dipped below the

POSCO Future M Trains Key Personnel for Canadian Plant in Korea ...
korea posco
Fri, 26 Jul 2024 00:00:00 GMT
POSCO Future M Trains Key Personnel for Canadian Plant in Korea, Advancing Global Technical Workforce Development

Dalian iron ore extends falls on weakening steel market, demand ...
iron ore market singapore
Thu, 25 Jul 2024 00:00:00 GMT
Dalian iron ore futures prices fell for the fourth consecutive session on Wednesday, weighed down by a weakening steel market and lingering concerns about demand in top consumer China. The most-traded September iron ore contract on Chinas Dalian Commodity Exchange (DCE) ended daytime trade 1.65% lower at 775.5 yuan ($106.61) a metric ton. The contract hit a low of 771.5 yuan a ton earlier in the session, its weakest level since April 8. The benchmark August iron ore on the Singapore

South Asia Industry Headlines

Controversy erupts in Indias civil services
india steel
Fri, 26 Jul 2024 00:00:00 GMT
Daily News Egypt - With the reputation of Indias steel frame at stake, UPSC needs to regain credibility

Offshore loans turn cheaper as global investors widen exposure
india jsw steel
Fri, 26 Jul 2024 00:00:00 GMT
Indian corporates found raising funds through offshore syndicated loans more affordable in 2024 due to increased global investor interest. The volume remained stable at $13.3 billion. HSBC emerged as the top bookrunner, followed by DBS Group, Mitsubishi UFJ Financial Group, and Taipei Fubon Commercial Bank. Firms like Union Bank, JSW Steel, and Hero Fincorp have utilized this

JSW Steel Q1 net profit expected to drop amid weak revenue and ...
jsw results steel
Fri, 19 Jul 2024 00:00:00 GMT
JSW Steel Ltd is expected to report a drop in net profit for the June quarter due to weak revenue, despite lower raw material costs providing some relief. Earnings will be announced on July 19. JSW Steels consolidated net profit for the June quarter is expected to be Rs 921 crore, down 29 percent sequentially and 61 percent year-on-year, based on nine brokerage estimates polled by Moneycontrol. Consolidated revenue is projected at Rs 44,651 crore, down 3.5 percent QoQ but up 5.77 percent

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