Posts by Steel Guru:

Tianjin Pipe and Chonggang to build base in Changshou

It is reported that Chonggang Group and Tianjin Steel Pipe Group signed investment agreement recently in Chongqing City. According to the agreement, the two sides will jointly invest CNY 1.3 billion to build medium and high grade steel pipe production
Steel Guru | September 11, 2011 | 3:27 pm

Chonggang increases iron ore import linkages

According to the news released by Chonggang, Chonggang will complete stock transaction delivery with Australian Iron ore project based on the approvals by Sino Australia authorities. It is learned that the project in future will supply high purity
Steel Guru | September 11, 2011 | 3:27 pm

Japanese H1 2011 demand and supply for ferroalloy reviewed

TEX reported that the trend on demand and supply for manganese containing ferroalloy in the former half of 2011 has been reviewed. The crude steel production in the former half of 2011 was 54.07 million tonnes which was 0.9% YoY decrease in quantity
Steel Guru | September 11, 2011 | 3:16 pm

Benxi Steel to expand stainless output capacity by 2015

Liaoning Province based Chinese steel producer Benxi Iron and Steel Corporation has announced that it plans to expand its stainless steel production capacity to 800,000 tonnes by 2015. Benxi Steel also announced that it plans to carry out the expansion
Steel Guru | September 11, 2011 | 3:16 pm

Atlas Iron issues 22 million securities

Expanding iron ore miner Atlas Iron said that it will issue more than 22 million additional securities. Atlas Iron Ltd said the issue of 22,006,093 million ordinary, fully paid shares would go ahead in accordance with its takeover bid for fellow iron ore
Steel Guru | September 10, 2011 | 10:07 pm

SAFM achieves full production at Ponto Verde iron ore project

South American Ferro Metals Limited announced that it has moved to full production at its flagship Ponto Verde Iron Ore Project in Brazil. A third shift was introduced at Ponto Verde mine on September 1st 2011, moving the site from run of mine production
Steel Guru | September 10, 2011 | 10:07 pm

BHPB Australia coal mine strikes continue

Workers at mining giant BHP Billiton Ltd's metallurgical coal mines in Australia plan to continue strikes over the weekend and early next week, although unions are set to meet with the company Saturday in a bid to hammer out the terms of a new employment
Steel Guru | September 10, 2011 | 10:07 pm

Iron ore billionaire Ms Rinehart sued by daughter

AAP reported that Australia's richest person, billionaire iron ore heiress Ms Gina Rinehart, is being sued by her daughter in a Sydney court. The details of Hope Rinehart Welker's lawsuit remain a mystery after the case was mentioned briefly in the NSW
Steel Guru | September 10, 2011 | 10:07 pm

Rio Tinto forecasts surge in world demand for refined copper

The Australian reported that global demand for refined copper is forecast to rise by more than 40% to 27 million tonnes by 2020 and the massive Mongolian gold and copper Oyu Tolgoi project is strategically positioned to capitalize on that increase as it
Steel Guru | September 10, 2011 | 1:12 pm

PSM using coke breeze for iron production

The News reported that Pakistan Steel Mills kept its production of iron uninterrupted by using coke breeze, a by product of coke at a time when it was facing acute shortage of funds to purchase raw material for the product. Mr Asif Mahmood acting CEO of
Steel Guru | September 10, 2011 | 8:22 am