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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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