Posts by Steel Guru:

Chinese copper demand to surge by 40% by 2015

Reuters quoted an official from the China NonFerrous Metals Industry Association as saying that China's apparent consumption of refined copper will rise by nearly 40% to 8.5 million tonnes per year by 2015.
Steel Guru | September 18, 2011 | 6:34 pm

Colombia sees mining reforms finished by year-end

Reuters cited Mr Carlos Rodado Columbia Energy Minister as saying that Colombia mining reforms including restructuring the fast-growing sector and changes to the law should be completed by the end of the year. The world No 4 coal exporter is undertaking major reforms to its mining sector after a series of accidents and growing criticism over how the industry is managed hit one of Colombia's most dynamic growth sectors.
Steel Guru | September 18, 2011 | 4:15 pm

China coal exports in August rises 37%

According to the latest data released by the General Administration of Customs China coal exports increased to 1.25 million tonnes in August up by 37.37% or 340,000 tonnes from 910,000 tonnes in July.
Steel Guru | September 18, 2011 | 3:15 pm

Deutsche Bank gets picky in the coal sector

According to Mr David Martin Deutsche Bank analyst, investors need to be very choosy if they’re considering coal stocks particularly in the current environment. Mr Martin lowered his price targets on the companies he covers by about 15% although he upgraded two companies that he thinks can outperform despite the difficult environment.
Steel Guru | September 18, 2011 | 11:15 am

China daily crude steel output hit 2011 low in August

According to latest statistics China crude steel production hit 58.752 million tonnes in August 2011, up 13.8%YoY. Daily production set a year to date new low of 1.8952 million tonnes, down 180,000 tonnes compared with July.
Steel Guru | September 17, 2011 | 11:50 pm

Shanghai rebar futures hits over one month low

Reuters reported that Shanghai rebar futures fell again recently hitting the lowest level in over a month, shrugging off gains in other broader markets as worries about the euro zone debt crisis lingered.
Steel Guru | September 17, 2011 | 8:33 pm

Turkish stainless flat steel in July imports up by 8pct MoM

According to the data provided by the Turkish Statistical Institute, in July this year Turkey's stainless flat steel imports rose 7.9% compared to the previous month increasing to 25,478 tonnes. The value of these imports amounted to USD 78.2 million
Steel Guru | September 16, 2011 | 11:13 am

Chonggang mining output to exceed 5 million tonnes

According to Mr Liu Jiacai GM of Chonggang, it is making efforts to achieve 5 million tonnes of self mining to shake off the import. Mr Liu said that they have signed agreement with Shaanxi Ankang Iron Ore and will supply 1.5 million tonnes to 2 million
Steel Guru | September 11, 2011 | 3:27 pm