Indian steel market sings in chorus with the stock sentiments

Predictably in tandem with the BSE and the NSE which appreciated by 273 and 88 points respectively the pencil ingot prices recoiled at all centres.

Steel Guru | August 11, 2011 | 5:20 am

Russian H1 2011 nickel exports dropped by 17%

According to data released by Russian Customs, Russia exported 84,400 tonnes of nickel in the first half of 2011, down by 17.3% YoY. However, the country's nickel export values in the first six months of 2011 increased slightly by 0.6%.

Steel Guru | August 10, 2011 | 11:26 pm

Minmetals zinc output drops by 13pct

Bloomberg reported that Minmetals Resources Limited zinc production fell 13% in the Q2 because of lower grades at the Golden Grove mine in Western Australia.

Steel Guru | August 8, 2011 | 6:36 am

North American Nickel announces discovery of Quartz Diorite Dyke

North American Nickel has discovered a previously undetected Quartz Diorite dyke in outcrop located in the north central portion of the Post Creek property which is approximately 2.8 kilometers north of the currently producing Quadra FNX Podolsky copper mine.

Steel Guru | August 7, 2011 | 12:16 pm

North American Stainless announces 35% surcharge for August shipment

North American Stainless has announced that it will maintain the fuel surcharge at 35% for stainless flat and long products shipping in the month of August 2011.

Steel Guru | August 7, 2011 | 12:16 pm

Peabody Energy and Ameren ink contract for 91 million tonnes of Powder River Basin coal

Peabody Energy and Ameren Corporation have entered into an agreement to provide 91 million tons of low sulfur coal to serve multiple electricity generating plants in Missouri through 2017. Peabody will source multiple products from its Powder River Basin.

Steel Guru | August 7, 2011 | 11:57 am

Iran $1 billion investment includes building houses in Venezuela

AFP reported that Venezuela has signed a deal with Iran to build over 10,000 homes in three central states of the South American nation in a billion dollar investment package that signals the two country's increasingly close ties.

Steel Guru | August 7, 2011 | 10:11 am

TATA Steel to move forward with Karnataka project, despite turmoil

The Hindu reported that notwithstanding the turmoil in Karnataka over the iron ore issue, TATA Steel will move forward with its proposed investment in the state, which it is jointly implementing with TATA Metaliks a subsidiary.

Steel Guru | August 7, 2011 | 8:15 am

Xstrata Nickel approves two projects in Canada

Xstrata plc has approved two Xstrata Nickel projects totaling USD 649 million as it continues its investment in growth options within its Canadian portfolio. Xstrata Nickel?s development of the USD 530 million Raglan extension project in Northern Quebec

Steel Guru | August 6, 2011 | 10:20 am

Albidon cuts nickel output forecast by 21pct at Munali mine

Reuters reported that Australia's Albidon Limited has cut its 2011 nickel concentrate output forecast by 21% at Zambia's Munali mine due to lower than projected ore production and quality.

Steel Guru | August 5, 2011 | 9:58 am

Western Areas considering nickel off take tender – CEO

The board of Western Areas has announced that due to continuing high levels of production from the Forrestania Nickel Project, shipments of nickel concentrate to Jinchuan Group in China are already several months ahead of the original schedule.

Steel Guru | August 5, 2011 | 9:58 am

Rex Minerals copper and gold prospect upgraded 25pct

ABC reported that exploration company Rex Minerals has upgraded by 25% the size of a proposed copper and gold mine near Ardrossan, Alberta, Canada.

Steel Guru | July 31, 2011 | 8:24 pm

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