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7 steel companies based in eastern Ukraine halt operations - Report - SteelGuru


7 steel companies based in eastern Ukraine halt operations - Report
SteelGuru
According to Ukrainian state run company Derzhzovnishinform, due to problems with deliveries of raw materials, seven mining metallurgical companies based in the east of Ukraine have halted their operations. The companies in question are Yenakievo, ...

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Metalloinvest sees iron ore price rebound this year - SteelGuru


Metalloinvest sees iron ore price rebound this year
SteelGuru
Metalloinvest Holding Company, the Russian iron ore producer partly owned by billionaire Mr Alisher Usmanov, expects Chinese demand to spur a rebound in prices from a five year low by December. Mr Andrey Varichev CEO of Metalloinvest Holding said ...

Rio Tinto to open new mine despite iron ore's five year price slump - SteelGuru


Rio Tinto to open new mine despite iron ore's five year price slump
SteelGuru
SMH reported that Rio Tinto is set to push ahead with a new mine expansion at its flagship Pilbara iron ore division in a show of defiance against sliding iron ore prices and the current supply glut. In a move that will sustain pressure on smaller ...

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Reliance Power to scrap 7480 MW Dadri project in UP - SteelGuru


Reliance Power to scrap 7480 MW Dadri project in UP
SteelGuru
It is reported that Reliance Power is planning to scrap the gas based 7,480 MW Dadri project and has initiated giving back around 2,100 acres of land at Dadri in Uttar Pradesh back to the land owners as the project is indefinitely stuck over the gas ...

NMDC expect 3 million tonne steel plant in Chhattisgarh by 2016 - SteelGuru


NMDC expect 3 million tonne steel plant in Chhattisgarh by 2016
SteelGuru
It is reported that NMDC expects to commission its 3 million tonne capacity steel plant at Nagarnar in Chhattisgarh by the end of 2016. Speaking on the sidelines of the company's 56th annual general meeting in Hyderabad, NMDC chairman Mr Nare-ndra ...

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Transnet and BHP Billiton signs a 10 year coal transporting deal - SteelGuru


Transnet and BHP Billiton signs a 10 year coal transporting deal
SteelGuru
It is reported that transport parastatal Transnet and coal mining company BHP Billiton signed a 10 year ZAR 24 billion coal transporting contract. Mr Brian Molefe, Transnet group executive, said that "We hope that this will go a long way. This ...

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Turkish steel import value up 7.3pct in August - SteelGuru


Turkish steel import value up 7.3pct in August
SteelGuru
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute and the Turkish Undersecretariat of Customs, in the first eight months of this year the value of Turkey's iron and steel imports decreased by 3 ...

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Taiwan's wire rod prices may stay flat in October - SteelGuru


Taiwan's wire rod prices may stay flat in October
SteelGuru
Taiwan's Yieh Hsing Enterprise and Feng Hsin Iron & Steel may keep their prices flat for October since Taiwan's China Steel Corporation has announced to hold its new electric furnace Al killed wire rod price unchanged. Quintain Steel also kept its ...

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African Minerals at 6 year low as iron ore slump drains cash - SteelGuru


African Minerals at 6 year low as iron ore slump drains cash
SteelGuru
African Minerals Limited will probably breach debt covenants by the end of next year amid a cash squeeze at Sierra Leone's biggest iron ore producer after a slump in prices led to a 93% drop in H1 profit. London based African Minerals said that the ...

WISCO Set up Fangchenggang Steel in Guangxi - SteelGuru


WISCO Set up Fangchenggang Steel in Guangxi
SteelGuru
According to the Foreign Propaganda Office of WISCO, the Fangchenggang Steel Company Limited, which will be responsible for the operations management of Guangxi Fangchenggang steel projects, was set up in the headquarters of WISCO on September ...

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