New Steel develops iron ore beneficiation technologies and owns patents of dry processing concentration in 56 countries.
Steel Mining News
The company hired BNP Paribas to coordinate a $400 million sharia-compliant loan financing.
It is "absolutely critical" that Europe protect itself with measures to restrict imports of steel and remedy weaknesses in its existing system.
Global capacity utilisation in the steel sector has risen to 76% this year from 73% last year, indicating excess capacity in the sector is shrinking.
Supply scarcity and the resulting price volatility are the two biggest hurdles to vanadium's potential bright electric future.
Broker AMT has been appointed by the LME as a liquidity provider for its steel contracts, giving a boost to the market as the first ring trader in that role.
As steel prices slid, Chinese mills ran up losses for the first time in three years this month, ending years of solid profit margins.
"Our main difficulty is finding workers," said Gustavo Werneck, the chief executive officer, referring to its U.S. plants.
Natural disasters and glitches at their ageing facilities have prevented Nippon Steel from producing as much steel as they had planned.
ArcelorMittal's entry into India comes at a time when Indian steel demand is growing at the fastest pace in the world.
"The cost of everything made of steel, has gone through the roof this year."
Several gas pipelines had been damaged after a fire broke out at the plant.
The Carlin Vanadium deposit is considered the largest, highest grade primary vanadium deposit in North America.
As part of a new plan to overhaul energy intensive industries, Shandong province is planning to consolidate dozens of small refineries and build mega-petrochemical complexes.
Industry sources say automaker interest bodes well for the contracts, but new contracts usually take years to gain traction and a lack of interest from steelmakers could slow the process.
Emirates Steel requires inputs of around 6 million tonnes of iron ore pellets per year.
One of Russia's largest steel producers has postponed a decision on the restart of hot-rolled steel production at its Turkish plant.
Companies in metals and mining have been hit especially hard amid concern that the rising trade frictions from the tariffs have helped crimp economic growth.
Arcelor reported a 42 percent year-on-year increase in third-quarter core profit (EBITDA) to $2.73 billion, roughly in-line with analyst expectations.
The world’s largest miner has cut its economic growth forecasts for the world's two biggest economies as the superpowers engage in a "lose-lose" trade spat.
Following LME Week, Mr Benedikt Sobotka, CEO of Eurasian Resources Group (ERG), predicts a strong metals recovery ahead.
Diversified Canadian miner Teck Resources Ltd reported a near 23 percent drop in third-quarter adjusted earnings on Thursday.
The commerce department, has instructed US border officials to collect cash deposits at a margin of 231.7 percent
U.S. steel costs are higher than anywhere else in the world, they're certainly up year over year and they're up versus what we were expecting - Joe Hinrichs, Ford VP
The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed.