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Steel mills pulls out of Chilean iron ore mine talks in 'buyers market'

A group of major Chinese steel mills has ended talks on buying Chilean iron ore company as ore supplies considered ample.

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Manufacturers Want Duty-Free Steel Imports

THE Government should delay imposing a tax on imported galvanised steel coils for over two years, steel manufacturers have suggested.

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Manufacturers want duty-free steel imports

THE Government should delay imposing a tax on imported galvanised steel coils for over two years, steel manufacturers have suggested.

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Lion, Vinashin To Start Building $9.8B Steel,Port Complex Sun

The Ca Na Steel Complex will cover nearly 2,000 hectares in Ninh Thuan province, 350 northeast of Ho Chi Minh City, said the news Web site VnEconomy.The first phase of the project, to be completed by 2010, will include a steel mill with an annual capacity of 4.5 million tons, two power plants with combined capacity of 1,450 megawatts and a seaport capable of handling 15...

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JSW Steel sees demand rising; not to trim output

The country's third largest steel maker, JSW Steel, said on Thursday that it would not go for further cut in production as it sees demand rising

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Vietnam rejects Posco steel mill project

According to a government directive dated October 31, Prime Minister Nguyen Tan Dung asked authorities in the south-central province of Khanh Hoa to request Posco to choose another site for its project.Posco, the world’s fourth-largest steel maker by output, said in April it plans to begin building the plant in Van Phong Bay, one of Vietnam’s most beautiful bays, next year, raising public concern.The...

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Shandong Steel in due diligence for Rizhao -sources

SHANGHAI, Nov 17 (Reuters) - State-owned Shandong Iron and Steel Group has started due diligence on rival Rizhao Iron and Steel, setting the stage for a takeover of the major Chinese private-sector steel mill, three sources familiar with the matter said on Monday.

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Bulgaria Second Largest Steel Maker Goes on Forced Vacation Due to Global Crisis

Beginning December 1, Bulgaria's second largest steel mill of the company "Stomana Industry" in the town of Pernik is temporarily discontinuing its production, the company's Executive Director Emil Zhivkov reported on Monday. The forced vacation comes as a result of the global financial crisis in t...

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Portage steel mill lays off 110 workers

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Portage steel mill lays off 110 workers

Standard Messaging Rates or other charges apply. To Opt-out text STOP to 4INFO (44636). For more information text HELP to 4INFO (44636). Contact your carrier for more details. Powered by 4INFO

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Bust and rust

Another week has passed, but the future of the Kremikovtzi steel mill looks as murky as ever. The only change is the Cabinet stepping in to bail out the steelworks by buying out the stores of steel for 25 million leva, money that would be used to cover the backlog of overdue wages that go back as far as August, which put an end to two weeks of protests by Kremikovtzi...

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Fortescue up after export boost

SHARES in Fortescue Metals Group rocketed almost 40 per cent today after the iron ore miner boosted exports to a major Chinese steel mill.

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Five firms interested in Kremikovtzi

The Bulgarian Government may have fretted over the fate of troubled steel mill Kremikovtzi in the heat of the global economic crisis, but now there are five offers on the table, Deputy Economy and Energy Minister Nina Radeva said.Candidates have expressed interest in supplying raw materials, signing a a production deal or operating the plant. Some of them wrote straight to Prime Minister...

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Russia's top iron ore miner slashes production but retains steel output levels

INVESTMENT PROGRAMME STILL IN PLACE Russia's top iron ore miner slashes production but retains steel output levelsMetalloinvest’s iron ore production is currently running at 65 percent below 2008 peak levels as client overdue debts reach more than $350 millionAuthor: Alfred KueppersPosted: Thursday , 20 Nov 2008 NOVOTROITSK, RUSSIA (Reuters) - Metalloinvest, Russia's largest iron ore miner,...

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Fortescue to boost iron ore supply to China

Fortescue Metals will increase its supply of iron ore to China after the firm renegotiated a contract with a Chinese steel mill.