Category: News

RUSAL invested over USD 30 mln in launching its fi...

UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce the launch of pilot operation of eight new generation RA-550 pots at Sayanogorsk Aluminium Smelter. The total amount of investment …

ArcelorMittal & Votorantim tie-up will need mo...

Brazilian newspaper Valor Economico, citing unidentified sources, reported that Brazils antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger. The paper did not …

BHP flags impairments

BHP said it was unable to provide an update on the ongoing financial impacts of the November 2015 Samarco disaster. Meanwhile, half-year iron ore production was 117 million tonnes, in line with the prior year, and guidance for …

BHP hits record iron ore output in W Australia Oct...

At the Western Australia Iron Ore operations, record production at Jimblebar and Mining … Meanwhile, mining and processing operations remain suspended at its Brazilian Samarco mine following the failure of the Fundao and Santarem dams in 2015.

Poor coal results fail to spoil BHP’s party

BHPs iron ore figures exclude its Samarco operations in Brazil, which suffered a significant tailings dam failure in 2015, killing 19 people and causing Brazil’s worst ever environmental disaster. BHP and its joint venture partner Vale face a …

Steel Warehouse acquires Seigal Steel, a Chicago, ...

About Steel Warehouse Steel Warehouse is one of the largest family-owned industrial networks in the U.S., Mexico and Brazil focused in the metal service center sector. The company offers a broad range of processing services to provide production-ready …

Cities in Chinas Hebei province still top list of ...

Also among Chinas ten worst performing cities were Hebeis cities of Handan and Tangshan, the worlds biggest steel producing city, as well as Xingtai, Baoding and Hengshui. However, in December alone, only four Hebei cities were included in …

Govt to gazette Zisco Debt Assumption Bill

Government is this week expected to gazette the Ziscosteel Debt Assumption Bill to facilitate the takeover of $380 million owed to creditors by the steel company and pave … Minister Patrick Chinamasa has said. Ziscos debt stood at …

BHP Billiton : Cuts Metallurgical Coal Goal

a sharp improvement from a year-earlier loss of US$6.39 billion when BHP absorbed an impairment hit on its onshore U.S. oil-and-gas business and a charge for the fatal 2015 dam failure at the Samarco iron-ore operation in Brazil. …

Brazilian exports of steel flats in 2017 jump 8.25...

Brazil’s total exports of flat steel products in 2017 reached 2.35 million mt, up 8.25% from the previous year, data from the Ministry of Development and Foreign Trade showed Wednesday. In monetary terms, these exports totaled $1.35 billion …