11% jump in ESCO’s beam production
Mining News Pro - Esfahan Steel Company produced 299,706 tons of iron beams in the first 3 months of this year, which indicates an 11% growth compared to the same period last year.
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Visit: 26
8 billion dollars of steel chain export fir Iran
Mining News Pro - The 16th Isfahan Metallurgy, Steel, Foundry, Machinery and Related Industries Exhibition (Metalex2024) was held in Isfahan.
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Visit: 91
US Steel warns Nippon deal failure would put thousands of jobs at risk
US Steel warned on Wednesday that a failure to merge with Nippon Steel would put thousands of US union jobs at risk and signaled that it would close some steel mills and potentially move its headquarters out of politically important Pennsylvania.
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Visit: 58
Vale names CFO Gustavo Pimenta as next CEO
Vale has chosen its finance chief to replace Eduardo Bartolomeo as chief executive officer, concluding a tumultuous succession process marked by the departure of board members amid accusations of political intrigue.
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Visit: 67
Tsingshan’s $1 billion steel plant in Zimbabwe starts production
China’s nickel giant Tsingshan Holding Group has started production at its $1 billion steel plant in central Zimbabwe, a company official said on Thursday.
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Visit: 141
3.6% growth in product quality in Mobarakeh Steel Company
Mining News Pro - Achieving the desired quality in products requires quality production in each of the production stages.
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Visit: 235
Brazil seeks $20.7 billion from Vale, BHP over 2015 dam collapse
Brazil’s government presented on Thursday a counteroffer requesting that miners Vale and BHP and their joint venture Samarco pay 109 billion reais ($20.74 billion) as reparations for a tailings dam collapse in 2015.
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Visit: 119
US Steel, Nippon Steel receive all non-US approvals for merger
US Steel Corp and Japan’s Nippon Steel have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, the companies said on Thursday.
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Visit: 134
Iron ore price dips as falling China demand
Iron ore futures prices slid on Monday after some investors and traders liquidated long positions to cash in profits on bets of faltering consumption amid seasonally slack steel demand in top consumer China.
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Visit: 120
BHP-Anglo American deal raises alarm in Japan’s steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
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Visit: 145
BHP-Anglo American deal raises alarm in Japan’s steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
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Visit: 136
HSC's new record in DRI production
Mining News Pro - In May, Hormozgan Steel managed to break the record in module A of the direct regeneration unit by producing 3101 tons of sponge iron.
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Visit: 217
Production jump in Hormozgan Steel Company during 2 months of this year
Mining News Pro - Despite the existing problems and challenges, Hormozgan Steel Company was able to record a 3.7% jump in iron and steel production and an 8.9% increase in sponge iron production in the first 2 months of this year and compared to the same period last year.
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Visit: 149
15% increase in DRI production in Hormozgan Steel Company
Mining News Pro - The DRI manager of Hormozgan Steel Company's said: According to the plans made in line with the increase in production and the realization of the organization's goals, with the efforts of colleagues, in the nine months of this year, the company's sponge iron production has increased by 15% compared to the same period last year.
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Visit: 212
Cliffs CEO weighs lowball bid for US Steel with union backing
Cleveland-Cliffs Inc. chief executive officer Lourenco Goncalves said he’d consider another bid — with union support — for United States Steel Corp., albeit at a significantly lower price than the existing offer from Nippon Steel Corp.
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Visit: 207
HOSCO intends to become the first producer of green steel in Iran
Mining News Pro - CEO of Hormozgan Steel Company said: By using hydrogen in the direct reduction process, Hormozgan Steel will soon become the first producer of green steel in Iran and free of carbon pollution.
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Visit: 195
MSC produced 12 new special products this year
Mining News Pro - Chief executive of Mobarakeh Steel, stated: "This year, we achieved good things despite the challenges, but unfortunately, this year we also faced unprecedented restrictions in the field of electricity and gas, which jeopardized the full realization of goals and production flow."
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Visit: 114
A new record in daily DRI production for HOSCO
Mining News Pro - The first daily production record of Hormozgan steel was recorded with the production of 5958 tons of sponge iron on April 13 this year.
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Visit: 183
Khuzestan Steel is the pioneer in development of the Iran's steel industry
Mining News Pro - Chief executive of Khuzestan Steel Company says that the company is the narrator of the development and evolution of the industry and it was put into operation with a capacity of one million and 500,000 tons.
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Visit: 117
Nickel price crash seen extending Indonesia’s grip on supply
A prolonged slump in nickel prices is stress-testing producers worldwide, raising the prospect of sweeping mine closures that will deepen Indonesia’s dominance of global supply.
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Visit: 238
Iron ore price rebounds on renewed hopes of China stimulus
Iron ore futures prices recouped losses on Thursday, after falling for five straight sessions, helped by the latest support for the property market and renewed hopes of monetary easing in top consumer China.
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Visit: 188
India to exempt certain steel product imports from quality control requirements
Mining News Pro - India may exempt certain steel product imports from quality control requirements to meet domestic demand and rein in prices, broadcaster ET Now reported on Thursday citing sources.
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Visit: 156
Biden extends EU steel, aluminum tariff exemption for 2 years
Mining News Pro - US President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and low-carbon production.
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Visit: 154
Japan’s Jan-March crude steel output forecast to rise 1.7%
Mining News Pro - Japan’s crude steel output is forecast to rise 1.7% year on year in the first three months of 2024 because of healthy demand from automakers, the Ministry of Economy, Trade and Industry (METI) said on Tuesday.
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Visit: 216
Nippon Steel agrees to buy US Steel for $14.1 billion
Mining News Pro - Nippon Steel Corp. will buy United States Steel Corp. for $14.1 billion to create the world’s second-largest steel company — and the biggest outside of China — with a key role in supplying American manufacturers and automakers.
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Visit: 190