Iron and Steel

Mining News Pro -  The director of Taras Chahar Mahal Coated Sheet Co. said: The production capacity of the cover sheets of the country is such that in addition to domestic supply, there is also the possibility of export.

Mining News Pro - In July, the country produced 377 tons of steel, down 14.1 percent year-on-year, according to the Kazakhstani Ministry of Economy statistics.

Mining News Pro - The production of steel ingots in major units of the country amounted to 6,228,699 tons in the first four months of this year, showing a 15% increase compared to the same period last year.

Mining News Pro - In spite of US withdrawal and sanctions intensification, the Khuzestan Steel Company , the country`s largest supplier of steel bars, managed to export 50% of its exports and sales of this year to 2018 within four months from 2018.

Mining News Pro - The 10th International Exhibition of Metallurgy, Steel and Casting, attended by more than 150 domestic companies from Tehran, Isfahan, Kerman, East Azarbaijan, Fars, Central, Qom and Khorasan Razavi Provinces, as well as foreign companies and representatives of international companies in 33 stands and In an area of 8,000 square meters in permanent residence in Isfahan province, it was witnessed the significant presence of Mobarakeh Steel and other steel industries.

Mining News Pro - The parliament`s economic commission chairman said parliamentarians are quickly reviewing the issue of steel pricing in the formal commodity market, and if necessary through the Supreme Economic Co-operation Council, the issue would be raised and there would be a chance to review and modify higher-pricing approvals.

Mining News Pro - In the first half of this year, EVRAZ steel company announced an increase in sales profits.

Mining News Pro - As per trade sources, the re-rollers in Nepal are continue to remain active for Indian induction grade Billets and have booked good volumes in Eastern India - West Bengal & Odisha.

Mining News Pro - Following rise in Japan’s monthly scrap export tender today for August month, leading EAF steel mini-mill - Tokyo Steel has announced hike in its scrap purchase prices further at all five plants. As per new price circular released, the steel manufacturer has raised prices by JPY 500/MT (USD 5) at Utsunomiya and Tahara plant while by JPY 1000/MT (USD 9) at three western Japan plants. Revised prices shall be effective from tomorrow i.e. 10th Aug’18.

Mining News Pro - In a recently held meeting between Ministry of Mine and Trade of Iran and country`s major steelmakers, it was announced that the government will be allocating USD 440 Mn for the import of graphite electrode in Iran.

Mining News Pro - Japanese trading house Mitsui has made an $86 million deal with Carpentaria Resources over the Hawsons iron project southwest of Broken Hill, New South Wales.

Mining News Pro - The board of Esfahan Steel Company agreed to increase the company`s capital from the surplus revaluation reserve for machinery and equipment, as well as valuation of assets.

Mining News Pro - According to the vessel line up data maintained with SteelMint, Indian pellet exports for the month of Jul`18 witnessed a decline of 32% to 0.56 MnT, as against May`18 exports at 0.83 MnT in Jun’18. Availability of rakes in eastern India remained a constraint for material transport from plants to ports resulting in fall in export volumes.

Mining News Pro - This week Chinese steel prices have shown uptrend in domestic market amid recent production cut announcement towards the end of year. Meanwhile export offers continued to remain steady over dull buying.

Mining News Pro - Indian steel prices moved up during the Week 31 (30 Jun- 4 Aug) on improved domestic & export inquiries.

Mining News Pro - Indian govt. owned steel mill - Steel Authority of India Limited (SAIL) announced its quarterly performance results for Q1FY19 today.The steel mill reported marginal increase in crude steel output however decline in saleable steel sales in first quarter of FY19.

Mining News Pro - After U.S. announced steep tariffs on steel imports in the month of Mar’18, as a measure to protect its domestic steel industry, India has become a favourite destination for steel dumping especially for countries like Japan and South Korea. This is because India is in FTA (Free Trade Agreement) for ten years with both the countries which provide an exemption from duties on imports coming from Japan and South Korea.

Mining News Pro - Iran is set to regulate exports of DRI (Direct Reduced Iron) in order to check impact of falling Iranian currency, which is the result of fresh US sanctions. Notably Iranian Rial has hit all time low to 100,000 rials per USD, SteelMint learned from market sources.

Mining News Pro - In July, the delivery of Mobarakeh Steel products to the domestic market grew by 19% compared to the same period last year, of which the delivery of hot-packet to domestic market with a significant growth of 54% reached 439 thousand tons a month.

Mining News Pro - Managing director of Sirjan Jahan Steel Complex, on the sidelines of the operation of the air compressor system of the factory, said: Using specialist engineers, domestic and domestic capacity and equipment, the equipment of this plant is produced on the basis of the technology of the day, the steel mill is produced this year.

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