Iron and Steel

Mining News Pro - CEO and a member of the board of MIDHCO said: “In the world, steel production is 71% nominal capacity. In the other words, if the global total capacity of steel production is 2.2 billion tons, the real production is 1.6 tons. China, by producing 800 million tons of steel, has 49 percent of global share.

Mining News Pro - CEO of Zob Ahan Isfahan Co. said in an interview about the capability of Iran to produce railroad tracks.

Mining News Pro - As per Steel daily,South Korea based HRC importers have turned active and are procuring material from China amid competitive steel prices along with tight supply in domestic market.

Mining News Pro - Tata Steel is successfully leading the integration of Bhushan Steel.

Mining News Pro - VSA Predicts stable growth for Vietnam’s steel consumption

Mining News Pro - Japanese based major steelmaker Tokyo Steel likely to increase plate prices for the first time in 11 months amid tight supply and strong demand

Mining News Pro - According to provisional data released by Joint Plant Committee (JPC), govt of India, country’s finished steel imports stood at 0.706 MnT in Oct’18 compared to 0.675 MnT in Sep’18.

Mining News Pro - SteelMint learned from market participants that imported scrap market in India remained on sidelines for yet another week.

Mining News Pro - According to the latest reports, SAIL’s Bhilai Steel Plant (BSP) has rolled out a special variety of steel, maraging steel ‘MDN 250’ to be used in outer motors casing of satellite vehicles. Maraging steel is a steel alloy, containing up to 25% nickel and other metals, strengthened by a process of slow cooling and age hardening.

Mining News Pro - This week Chinese steel prices witnessed significant drop amid volatility in futures along with bearish market sentiments prevailing in domestic market.Thus pessimistic outlook in domestic market leads to lower export offers from China.

Mining News Pro - Mobarakeh Steel Co. said that Mobarakeh Steel produces more than 10 million tons of steel, half of the country`s steel, which is considered to be the country`s largest industrial enterprise. The company wants to maintain a market share of 50% and, accordingly, is paying particular attention to quality and standardization.

Mining News Pro - The sixty-eighth meeting of the Public Relations Association of Esfahan Province was hosted by Esfahan Steel in November 13 with the participation of the Esfahan people`s representative in the Islamic Consultative Assembly, as well as Yazdi Zadeh, Managing Director of Esfahan Steel Co., and a group of public relations officers and government officers.

Mining News Pro - The 30,000th stadium steel stadium in Khuzestan was opened at the ceremony with the presence of Dr. Jahangiri, First Deputy Prime Minister, Reza Rahmani, Minister of Education and Minister of Sports and Youth Dr. Soltanifar.

Mining News Pro - According to market sources report to SteelMint, central India based pellet maker concluded 50,000 MT export deal to China for Dec`18 shipment. As per sources the deal was for low alumina pellets and was heard to have concluded at around USD 129/MT, CFR China.

Mining News Pro - This week Chinese steel market observed decline in steel prices in domestic as well as overseas market. However spot iron ore fines price moved up on supply concerns amid rail derailments.

Mining News Pro - PT Krakatau Steel - Indonesia’s state-owned steel maker, booked operating losses of USD 10.70 million in January to September period this year, compared to USD 23.19 million operating profit due to higher raw material costs, despite higher sales, the company said in a report posted on its website.

Mining News Pro - World Trade Organization (WTO) dispute panel largely upheld Japan`s complaint against a safeguard duty imposed by India on steel imports for two-and-a-half years.

Mining News Pro - Japan’s leading EAF steel mini-mill - Tokyo Steel slashed its scrap purchase prices fourth time in November. As per new price circular released, the steel manufacturer has cut prices by JPY 1000/MT (USD 9) again at all five works.Prices shall be effective from tomorrow.

Mining News Pro - The Securities and Exchange Organization has issued a license to raise its capital of $ 674,333,333 from Esfahan Steel Co. excess revaluation reserve.

Mining News Pro - Esfahan Steel Company The General Assembly holds an extraordinary general meeting for the current fiscal year.

In Picture