Arrium has outshone BlueScope Steel, making steelmaking profitable again but faces a difficult year of weak demand and falling iron ore prices. The global resources and steel company, which changed its name from OneSteel in April, posted a 75 per cent …
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Arrium has outshone BlueScope Steel, making steelmaking profitable again but faces a difficult year of weak demand and falling iron ore prices.
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BlueScope says it will post a smaller loss approaching break-even this year after the steelmaker reported a second consecutive $1 billion-plus loss.
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Chelyabinsk Tube Rolling Plant, Russian producer of welded and seamless steel pipes and tubes in the August to September period of the current year it will supply 40000 tonnes of steel pipes produced at its Vysota 239 pipe electric-welding workshop to …
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NEW YORK, Aug. 20, 2012 /PRNewswire-Asia/ — China Industrial Steel, Inc. (the "Company") today announced its earnings for the three months ended June 30, 2012. The Company filed its Form 10-Q …
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Morning Whistle: The latest round of industry data tracking output over a 10-day period showed Chinese steel production increased 1.1% in early August, confounding expectations for a decline in output by volume. The results prompted Nomura analysts to say in a note …
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CHANGCHUN, Aug. 22 (Xinhua) — The death toll from a coal mine accident in northeast China's Jilin Province is likely to hit 20, as 13 miners trapped in the collapsed mine for 10 days have slim …
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Shares of several energy companies rose Tuesday after an analyst predicted that oil market fundamentals will support increased oil shale production without affecting prices.
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14 August 2012 – EVRAZ plc (LSE: EVR) (the Company) announces the restart of operations at EVRAZ Highveld Steel and Vanadium (South Africa) which had been temporarily suspended as a result of an industrial action announced by EVRAZ Highveld’s largest union NUMSA at the end of July. A suitable agreement has been reached between EVRAZ Highveld and NUMSA which ends the four-week strike. The main dissenting issue, namely converting the three-shift system to a law compliant four-shift system, has been resolved and all operational employees reported to duty on 13 August 2012 on the new four-shift system. Agreement has further been reached on certain compensation for the employees who would have been negatively financially impacted by the implementation of the four – shift system. The steelworks re-started on 13 August 2012 and it is expected that the steelworks will be fully operational by the end of August. The Company will focus on meeting all orders and commitments to its clients and partners. The EBITDA of EVRAZ Highveld in 2011 represented less than 1% of consolidated EBITDA of EVRAZ plc and the labour actions in South Africa have had no material effect on the financial performance of EVRAZ during the current period. ### For further information: Investor Relations: Alexander Boreyko Director, Investor Relations London: +44 207 832 8990 Moscow: +7 495 232 1370 irevraz.com Media Relations: Oleg Kuzmin VP, Corporate Communications London: +44 207 832 8998 Moscow: +7 495 937 6871 mediaevraz.com
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Ukrainian iron ore producerFerrexpo said core profit fell 40 percent in the firsthalf, hurt by higher costs and lower iron ore prices. The company on Tuesday posted earnings before interest,taxes, depreciation, …
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Ferrexpo, the Ukraine-focused iron ore pellet producer, managed to maintain production levels in the first half but is still struggling with tough price conditions.
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