Countries

Mining remains a main contributor to Australia’s GDP growth

Miningweekly – The mining sector was one of the largest contributors to Australia’s 0.5% growth in gross domestic product (GDP) during the December quarter, the Australian Bureau of Statistics (ABS) revealed this week. Figures from the ABS showed iron-ore mining added about A$60.2-billion in gross value, while coal mining added ...

Read More »

Danieli signs deal to build Algerian Qatari steelworks

  PRESS RELEASE – Danieli – 5 March 2015 – In the presence of the Algerian Minister of Industry Mr. Abdussalam Buchuareb, the Governor of the State of Jijel, Mr. Ali Bedrici, the President of Algerian Qatari Steel (AQS), Mr. Hasnaoui Chiboub, and the C.E.O. of the same company, Mr. Abdulla ...

Read More »

Chinese local authority shuts steel mills in pollution fight

Reuters – Local authorities in China have closed a number of steel mills after they failed to meet environmental standards, industry sources said on Thursday, as the central government toughens its fight against pollution. Premier Li Keqiang told the opening session of the National People’s Congress on Thursday his government ...

Read More »

UAE’s Hamriyah Steel to resume rebar production in May

A one million ton per year Russia-Emirates joint venture established by METALLOINVEST, Hamriyah Steel FZC has announced that it plans to restart production at its rolling mill in May 2015. Upbeat by the surge in local construction activity as a result of EXPO2020, the company has said that the consumption in ...

Read More »

UAE: Senaat joins forces with Japan’s JFE & MISI to launch “Al Gharbia Pipe Company”

Senaat, one of the largest industrial holding companies in the United Arab Emirates, entered into a joint venture with a consortium made of two of Japan’s leading companies in the steel sector, JFE Steel Corporation and Marubeni-Itochu Steel Inc (MISI), to establish Al Gharbia Pipe Company which will manufacture and ...

Read More »

Turkey: Steel mills increase rebar export offers backed by slight increase in scrap prices

Platts – Turkish steel mills have increased their rebar offer pricing based on a slight increase in ferrous scrap, sources said Wednesday. No deals have been seen at the new price level and sources were skeptical that any would be achieved. A Turkish trader said offers from mills for export ...

Read More »

Norsk Hydro to acquire German aluminum recycler

recyclingtoday – Norsk Hydro, the Oslo, Norway-based aluminum producer, has announced plans to acquire WMR Recycling GmbH, Dormagen, Germany, from Kural GmbH and Kurth Grundstücksverwaltungs UG. Following the transaction, Hydro says it will own the most advanced aluminium scrap sorting technology in the world. The deal is expected to be ...

Read More »

Iran: Long, Flat products and steel billet market trend in Week 09, 2015

Irsteel – Billet market was almost stable during last week in Iran, but improved a little by end of the week. Price of domestic production billet size 150 mm increased by Rials100,000/mt to Rials13.8 million/mt ex-works including 8% VAT. Billet size 150 mm from Esfahan Steel Co was offered at ...

Read More »

Turkey: Prepainted steel sheet exports decline in 2014

According to the Turkish Statistical Institute, Turkey’s exports pf pre-painted steel sheet were around 170,847 tons in 2014, down by 15.5% from a year ago. Also, the total export sales were around USD172.65 million, decreasing by 20% year-on-year. Turkey’s pre-painted steel exports were 202,109 tons in 2013.

Read More »

Chinese aluminum scrap imports down by 15.83% MOM in January 2015

  Asian Metal – 3 Mar 15 – According to China Customs, China imported 192,245 tonnes of aluminum scrap in January 2015, down by 15.83% MOM. Import volume decreased for the following reasons: Firstly, import prices were much higher than the prices in Chinese domestic market and many plants turned to purchase ...

Read More »