October 31, 2011

The new Steel Silk Road

The Silk Routes, collectively known as the "Silk Road", refer to a 7000 mile network of interlinking trade routes that were used for three millennia.

October 31, 2011

Zanaga Iron Ore Company shares rise on completion of engineering report

Based in The Republic of Congo, Zanaga is focussed on managing, developing and constructing a world class iron ore project capable of mining, processing, transporting and exporting 45 Mtpa of…

October 31, 2011

Premier’s pitch to BHP chief

THE Olympic Dam expansion must maximise benefits for every South Australian, Premier Jay Weatherill has told BHP's chief executive Marius Kloppers.

October 31, 2011

Erdemir earnings, production surge for Q1-Q3 2011

- 13:11 GMT Location: London KEYWORDS: Erdemir , Turkey , steel Turkey’s biggest steel producer, Erdemir, has posted a 49% surge in earnings before interest, taxes, depreciation and amortisation (Ebitda)…

October 31, 2011

Turkish longs expected to sink further

Turkish longs exports, which in mid-October were touching $675/t to $690/t fob, have now sunk to levels of $655-660/t (€463-466/t) fob for rebar and $670/t fob for wire rod (mesh).

October 31, 2011

Mechel opens new experimental ferronickel production complex

Mechel OAO, one of the leading Russian mining and metals companies, has announced that its Southern Urals Nickel Plant has opened an experimental industrial complex to produce ferronickel. The industrial…

October 30, 2011

Mining investment boom exposes hypocrisy in claims of sovereign risk

Writing in the Business Day, Clancy Yeates launches a scathing attack on Australia's mining industry. Comparing Australia to Greece would be patently ridiculous to most people. Sure, things here are…

October 29, 2011

US review rescinded on duty order for Chinese hot-rolled steel

An administrative review of an anti-dumping duty order on hot-rolled carbon steel flat products from China has been rescinded by the Commerce Department’s International Trade Administration (ITA) because there was…

October 29, 2011

New US stainless surcharge ineffective so far: ATI

The revised surcharge mechanism introduced by domestic stainless mills in October has had little effect on buying patterns so far due to generally weak demand, a top stainless executive said…

October 28, 2011

Amid falling prices, Vale confident of iron ore upside

The recent softening of iron ore prices will likely be short-lived, says the world's largest exporter of the steelmaking ingredient. In releasing its third-quarter results, Brazil-based Vale SA (NYSE:VALE) is…