ArcelorMittal South Africais in talks with Vale and Rio Tinto toprocure coking coal from Mozambique, a senior executive for thesteel maker said on Wednesday. “We are taking between 300,000 and 400,000 …
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The latest positive tax news for ArcelorMittal comes months after the steel giant reported fewer tax inspections and an almost twofold decrease in VAT refunds owed. As of February, that figure stood at Hr 1.1 billion ($140 million). These improvements …
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Profit at ArcelorMittal, the steel giant run by Britains richest man Lakshmi Mittal, slumped by almost a third in the second quarter as Europes continuing debt crisis stymied demand, triggering lower prices.
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Mitsubishi Corp said Thursday that lower commodity prices and labour action at its Australian coking-coal subsidiary weighed on quarterly earnings.The company said its net profit slipped 15.2% to 98.14 billion yen in the three months to June from a year ago while revenue edged down 0.8% to 4.8 trillion
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based flat-rolled steel producer plans to invest $100 million in a new mill that will produce up to 400000 tons of electric-resistance welded (ERW) pipe per year. The new mill, which is slated for completion by the end of 2014, will bring the company’s …
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Benchmark international ironore prices hit their lowest level in more than two and a halfyears on Friday as China’s slowing economy reduced global demandgrowth. The fall in the price of iron ore cargoes …
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China’s small- andmedium-sized steelmakers are stepping up maintenance in aneffort to cut production and stem losses from a slump in steelprices and a surge in inventories, a move that could furtherpressure …
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NEW YORK, NY– – The recent economic slowdown in China, the world’s largest steel producer, have seen prices for iron ore hit two and a half year lows. Prices for the commodity are approximately $50 – …
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Steelmaker Nucor Corporation ‘s ( NUE ) second-quarter 2012 results were a mixed bag. The company’s adjusted earnings missed the Zacks Consensus Estimate but revenues nudged ahead of the
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BUSINESS WIRE)–Edgen Group Inc. (NYSE: EDG) a leading global distributor of specialized products including steel pipe, valves, plate, and related components to the energy sector and industrial markets, today reported its financial results for the …
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Europe is looking to extract rare earth metals and gem stones in Greenland following surface melting on the island in July, which opened up opportunities for extraction.
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First Minister Carwyn Jones has formally marked the start of works for the multi-million pound re-building of Blast Furnace number 4 at Tata Steel in Port Talbot.
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Iron ore fell to a two and ahalf year low on Friday as the global economic turmoil hitappetite for the key steel-making ingredient in top consumerChina. The Steel Index’s benchmark 62 percent-grade iron …
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Coal miner New World Resources said on Friday the average agreedprice of coking coal deliveries in the third quarter rose 2percent from the second quarter to 129 euros per tonne. For coke sales, the third-quarter …
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TOKYO–(BUSINESSWIRE)– Joji Okada, CFO of Mitsui & Co., Ltd. (TOKYO:8031)(ISIN:JP3893600001) hosted an analyst conference on Thursday August 2, 2012 to announce financial results for the three-month period …
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HUNTERSVILLE, N.C., Aug. 1, 2012 /PRNewswire/ –Nucor Corporation selected My Creative Team to design and build a website focused on employee development. The privacy-protected website allows employees …
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Beijing, Aug. 3 (Xinhua-ANI): Authorities in central China’s Hunan Province have suspended the production licenses of more than 200 coal mine pits for safety reasons. At the conference on preventing …
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Agency Encourages Residents in Mining Areas to Consider Coverage HARRISBURG, Pa., Aug. 3, 2012 /PRNewswire-USNewswire/ — The Department of Environmental Protection announced today that it has reduced rates for Mine Subsidence Insurance (MSI). Such insurance covers losses resulting…
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