There are no talks between Kloeckner & Co and Thyssenkrupp over a tie-up with Material Services division or about any offers, said Kloeckner & Co spokesman.
Steel Mining News
The Dunkirk plant, which the sources value at around $234.44 million, would add to the Gupta Family Group (GFG) conglomerate.
Last year, TMK, controlled by businessman Dmitry Pumpyansky, sold 3.4 million tonnes of its steel pipes.
The election for a seven-year term of Armin Laschet comes as ThyssenKrupp seeks to diversify away from its traditional focus on steel.
About 200 coal miners in Kazakhstan refused to leave four mines operated by a unit of ArcelorMittal at the end of their shift on Monday and staged a sit-in.
Chinese steel futures bounced back Monday after three-day drop as output cuts in world's top producer deepened with China's anti-pollution campaign.
Chinese coke and iron ore futures fell further in trading Thursday, amid growing concerns that steel demand in world's top producer will decline for winter.
U.S. Steel Corp. led gains among major American producers of the metal after the U.S. slapped duties on some Vietnamese alloys made with China imports.
The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.
Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.
Ukraine's steel production in eleven months to end-November fell 13 pct year-on-year to 19.4 million tonnes, Ukrainian steel producers' union said Friday.
The government and industry want reactors restarted to cut electricity bills, but swathes of the public oppose returning to atomic energy.
Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.
Taconite-pellet plants and ore-concentrating firms produced 29 million tonnes last year, down from 33 million tonnes in 2015.
China's coal imports dropped 21 percent in October as government moves to replace coal with cleaner fuel, iron ore prices followed coal futures higher.
Miner has one of biggest deficit outlooks on back of steel use; firm doesn’t expect material EV impact on nickel until 2020.
BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.
Fortescue Metals Group reported slight rise in fiscal first-quarter iron ore shipments, also warned its ore was selling at a greater discount than expected.
Kumba Iron Ore increased its full-year production target by 1-million tonnes.
Lower grades managed to eke out small gains, while higher grades were under pressure.
Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.
After strong growth in 2017 driven by demand from top consumer China, global steel demand growth is expected to slow to 1.6 percent next year.
Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.
Recovery in exports for steelmaking coal in BC- global economy is looking good out to 2020.
North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August