Over-optimism among China steelmakers behind iron ore’s price plunge
Mining News Pro - Iron ore lost almost a quarter of its value in a dizzying eight-day plunge through Monday. While futures in Singapore are staging a mini-recovery, the short-term outlook for the steel-making material looks grim.
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Visit: 639
Iron ore price slips as Chinese steelmakers face margin pressure
Mining News Pro - The iron ore price fell on Wednesday as reduced profitability at Chinese steel mills following a recent rally in prices of steelmaking ingredients weighed on sentiment.
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Visit: 573
Iron ore price rises despite flat demand from steelmakers
Mining News Pro - The iron ore price rose on Tuesday despite traders fretting about high prices squeezing steel mill margins after Chinese demand for the steelmaking ingredient spurred an earlier rally.
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Visit: 582
Vaccination of steelmakers is accelerating
Mining News Pro - Amin Ebrahimi, CEO of Khuzestan Steel Company, announced the acceleration of vaccination of steelmakers.
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Visit: 800
Anti-dumping investigation could lead to higher costs for European steelmakers
Mining News Pro - European steelmakers using electric arc furnaces (EAFs) could see higher costs in their production lines as a result of a recent skirmish between Chinese exporters of synthetic graphite electrodes and Europe-based manufacturers.
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Visit: 700
Steelmakers set to lead India metals to best quarter in decade
Mining News Pro - India’s steelmakers are on course to leading the country’s metal index to its biggest quarterly gain in more than a decade, as consumption recovers and prices surge globally.
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Visit: 790
Steelmakers Will Accept the Scientific Risks
Mining News Pro - Mobarakeh Steel Co. announced its support from scientific plans and if the jury committee accept them, this company will accept the risks.
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Visit: 987
Member of board director of Mobarakeh Steel Company
Mobarakeh Steel is more successful in water efficiency than other steelmakers
Mining News Pro - At present, Mobarakeh Steel has reduced the use of water in production by using waste water, which consumes 4.4 tenth of a meter cubic meters of steel for each steel plant, which consumes 6 tbs. Cubic meters of water in other Iranian steel structures.
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Visit: 1253
What did the world`s steelmakers record during the first eight months of the year? / The tenth place of Iran among steel makers in the world
Mining News Pro - According to the report of the World Steel Association of Iran, steel makers from 64 member states of this association produced 1. billion and 194 million tons of steel in the first eight months of this year, which is 4.7% more than the same period last year, one billion and 140 million tons.
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Visit: 0
Steel exports are conditional / steelmakers are allowed to export on a stock exchange
Mining News Pro - Director General of the Mining Industry Bureau of the Ministry of Industry, Mining and Trade said: the liberation of the ceiling for competition in the gas reserves for steel will definitely have a positive impact on the market in the short term.
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Visit: 1448
South Korea Slaps Fine on Country’s 6 Steelmakers for Unfair Trade Practices
Mining News Pro - According to the latest reports, South Korea’s FTC (Fair Trade Commission) has slapped a record fine of combined 119.4 billion won (USD 105.9 million) on six rebar suppliers including majors Hyundai Steel Co. and Dongkuk Steel Mill Co, for price fixing between 2015 and 2016.
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Visit: 1884
Market regulation guidelines have become a serious challenge for steelmakers / Hormozgan steel Co. has export-oriented nature.
Mining News Pro - Hormozgan Steel Sales Director said: "In all advanced economies, prices are determined on the basis of supply and demand." Basically, stock exchange is also formed for this purpose. The stock exchange is created to discover the price. If the price is determined in an orderly manner, the existential philosophy of the stock exchange will be eliminated and, in fact, we will roll back to the time before the stock exchange is established.
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Visit: 1095
South Korea: Major Steelmakers Book US Cargoes; Skip Bidding for Japanese Scrap
Mining News Pro - Since last few weeks, major EAF steelmakers in South Korea have shifted their attention from Japanese scrap to USA bulk scrap
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Visit: 1155
8% increase in Marrakesh`s steel delivery to the domestic market/Reduced imports due to increased supply of domestic steelmakers
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.
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Visit: 1118
Iranian steelmakers invest $1 billion to launch new steel project
Mining News Agency -Iranian Imidro and domestic mining consortium would invest approximately US$1 billion in new steel and mineral project.
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Visit: 1259
Major Iranian Steelmakers’ Export Volume Up 27%
Mining News Agency - Major Iranian steelmakers exported 4.5 million tons of crude steel and steel products in the first eight months of the current Iranian year (March21-Nov21), indicating a 27 percent growth compared with last year’s corresponding period.
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Visit: 1528