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Sungoliath end Top League in first - 2/5/2012 3:30:00 PM ET
New Japan coach Eddie Jones' Suntory Sungoliath beat Kobe Kobelco Steelers 32-28 to finish the Top League season in first place on Sunday. Suntory, which won 12 of 13 to end up two points ahead of Toshiba Brave Lupus, will head to the four-way Top League playoffs starting... |
MineARC provides update on patented refuge chamber progress - 2/5/2012 5:57:00 AM ET
MineARC states that it has recently seen a rise in the number of mines worldwide implementing its patented Permanent Hard Rock Refuge Chamber technology. In the past few months seven Permanent Chambers have been installed in mines across Australia, Turkey and the... |
Assore sees first half earnings increasing - 2/5/2012 5:56:00 AM ET
Mining holding company Assore said that its increased earnings were anticipated to increase attributable earnings per share for the six months ended December 31st 2011 to between ZAR 18.55 and ZAR 20.50 per share from ZAR 11.64 per share for the six months ended December... |
Ms Rinehart eying Fairfax board seat - 2/5/2012 5:55:00 AM ET
The Australian reported that iron ore billionaire Ms Gina Rinehart is expected to push for a board seat at Fairfax Media after last night seeking an additional 9.9% stake in the media company through a AUD 192 million share raid. After the market closed, broker Morgan... |
Rogue Iron appoints Mr Roger Walsh as strategic advisor - 2/5/2012 5:54:00 AM ET
Rogue Iron Ore Corp announced that it has appointed Roger Walsh as a strategic advisor to work with management to evaluate opportunities for non-core assets as the Company continues to advance exploration at its Radio Hill Iron Ore Project in Timmins, Ontario. Mr Roger... |
DTEK production increases substantially - 2/5/2012 5:52:00 AM ET
StockMarketWire.com reported that DTEK companies increased their production substantially in 2011. As per report output at DTEK's mines increased by 19.7% to 22.9 million tonnes of coal, while electricity production rose to 33.0 TWh and electricity sales grew to 14.1 TWh. ... |
Bandanna Energy update on South Galilee Project - 2/5/2012 5:51:00 AM ET
Bandanna Energy Limited announced that AMCI, the manager for the South Galilee Coal Project Joint Venture and 50% participant, has provided a JORC compliant Coal Reserves Estimate for open cut mineable reserves prepared by Echelon Mining Services. The Reserve Estimate is... |
Xceed Resources delivers maiden thermal coal Reserve for Moabsvelden - 2/5/2012 5:50:00 AM ET
Reaching a significant milestone for the Moabsvelden thermal coal project, Xceed Resources has established a maiden Reserve capable of supporting a plus 15 year, open cut mining operation, assuming an annualised mine throughput of 3 million tonne per annum Xceed... |
Century Iron further update on Sunny Lake project - 2/5/2012 5:49:00 AM ET
Century Iron Mines unveiled new assay results that tested a direct shipping ore target at its wholly owned Sunny Lake iron ore project in northeastern Quebec. The results are from the 2011 fall exploration program at the Sunny Lake - Lac Le Fer property, located near the... |
Bulgaria restores coal reserves as power consumption up - 2/5/2012 5:48:00 AM ET
The coal output at Maritsa East Mines continues despite the heavy winter weather conditions in Bulgaria. The mines are keeping a greater than planned output and steady coal supply to the thermal power stations in the East Maritsa basin in order to compensate for the... |
Australian company wants Swazi coal - 2/5/2012 5:47:00 AM ET
It is reported that an Australian based company has shown interest in the mining of coal at Mpaka. The company, known as Midwinter Resources said that it has entered into an agreement to acquire 100% of Teeman, a company incorporated in Swaziland and this is contingent... |
Chinese invest USD 20 million in Queensland based Cuesta Coal - 2/5/2012 5:46:00 AM ET
AAP reported that Chinese state owned Beijing Guoli Energy Investment is to take a USD 20 million stake in Queensland based Cuesta Coal ahead of its listing this year. The Queensland coal hopeful has a portfolio of 33 exploration permits across the Bowen,... |
Strong export growth from Continental Coal - 2/5/2012 5:45:00 AM ET
StockMarketWire.com reported that in the quarter ending December 31st 2011 Continental Coal's total run of mine thermal coal production from the Ferreira and Vlakvarkfontein coal mines was 474,934 tonnes. There was record production of 156,494 tonnes of a high quality... |
PHI Group to acquire coal resources in Indonesia - 2/5/2012 5:44:00 AM ET
PHI Group Inc a company focused on energy and natural resources, announced that it has signed a Letter of Intent to acquire approximately 100 million metric tonnes of coal resources, together with the operation and production license located in an area of 9,900 hectares in... |
BHP seals Gabon iron ore deal - 2/5/2012 5:43:00 AM ET
A government official from the Central African nation's government told Reuters that Gabon and mining firm BHP Billiton have reached a deal over the Belinga iron ore concession in Gabon. Mr Sosthene Nguema Nguema a member of Gabonese government delegation in charge of... |
African Energy Resources hits 2.5 billion tonnes Indicated coal Resource in Botswana - 2/5/2012 5:42:00 AM ET
African Energy Resources latest resource upgrade provides further potential for a 30 million tonne per annum thermal coal production operation for over 100 years, starting in 2013. The project now hosts over 2.5 billion tonnes of coal at the project in the Indicated... |
Heilongjiang raw coal output in 2011 up by 1.13 million tonne - 2/5/2012 5:41:00 AM ET
According to China's National Development and Reform Commission, in 2011, raw coal production reached 98.20 million tonne in China's Heilongjiang Province, up 1.13 million tonne or 1.2% YoY, while coal sales in the province reached 88.23 million tonne, down 1.10 million... |
Mr Clive Palmer plans lawsuit against QR National - 2/5/2012 5:40:00 AM ET
China First Pty Ltd controlled by Australian mining baron Mr Clive Palmer said that it intends to launch a legal action against rail haulage company QR National Ltd claiming it breached confidentiality agreements over a proposed new rail link. China First said it was... |
Subic Bay to become iron ore transshipment hub - 2/5/2012 5:39:00 AM ET
Brazilian company Vale Shipping Holding is set to make this Freeport the biggest transshipment hub of iron ore in the country after one of the biggest floating terminal stations docked on Monday. Subic Bay Metropolitan Authority chairman Mr Roberto Garcia said that Ore... |
Mozambique exposing poor practices by Vale and Rio Tinto - Report - 2/5/2012 5:38:00 AM ET
On January 10th, the activities of two of the world’s largest mining companies Brazil’s Vale and Anglo Australian multinational Rio Tinto in Mozambique hit the headlines for all the wrong reasons. Enraged at the way they have been resettled, hundreds of... |
Copper strengthens in futures trade on firm global cues - 2/5/2012 5:37:00 AM ET
PTI reported that copper futures rose by INR 1.70 or 0.41% on speculative buying buoyed by a firming trend on the London Metal Exchange. At the Multi Commodity Exchange, copper for delivery in February rose by INR 1.70 or 0.41% to INR 413.40 per kilogram with a business... |
North River Resources boosts copper inventory in Namibia with 2 resource reports - 2/5/2012 5:36:00 AM ET
North River Resources reports a boost to its copper resource inventory as it announced a maiden JORC resource for a deposit at its Witvlei project and a resource upgrade for a deposit on the Dordabis project both in Namibia. Both Witvlei and Dordabis are primarily copper... |
Copper North announces commencement of feasibility study update for Carmacks - 2/5/2012 5:35:00 AM ET
Copper North Mining Corporation announced the commencement of a Feasibility Study update for its 100% owned Carmacks Copper Project located in the Yukon of Canada. The Company has engaged M3 Engineering & Technology of Tucson, Arizona, USA to prepare an updated... |
Athena Resources defines nickel sulphides and copper within Byro project - 2/5/2012 5:34:00 AM ET
Athena Resources has identified persistent elevated nickel sulphides and native copper in the eastern portion of the Byro Iron Ore Project in Western Australia’s Gascoyne Mineral Field. Results from drilling in 2010 and 2011 demonstrated that the geochemistry... |
Cerro Resources update on Namiquipa project in Mexico - 2/5/2012 5:33:00 AM ET
Cerro Resources NL announced assay results for an additional 18 drill core holes from the Namiquipa Silver Project in Chihuahua state of Mexico. 60 holes have been completed for a total of 22,633 meters of core with further assays pending. Drilling has resumed after the... |
African Copper secures additional USD 5 million facilities from ZCI - 2/5/2012 5:32:00 AM ET
African Copper Plc announced that it has secured an additional loan of USD 5 million from its controlling shareholder ZCI Limited. The purpose of the new loan is to provide the Company with further working capital and to invest in its Mowana Mine facilities and operations. ... |
Central Asia Metals completes Kounrad copper plant under budget - 2/5/2012 5:31:00 AM ET
Central Asia Metals announced the completion of its copper plant at Kounrad in Kazakhstan and expects to put it into action at the end of this month. The solvent extraction electrowinning facility will process around 10,000 tonnes of copper cathode a year and the company... |
GSI findings indicate new copper and gold deposits in 3 states - 2/5/2012 5:29:00 AM ET
The government today said that Geological Survey of India has come up with findings that indicate the presence of new copper and gold deposits in Rajasthan, Karnataka and Uttar Pradesh. Mr Dinsha Patel mines minister of India said that "GSI has made three significant... |
Japan rolled Ti and Sponge shipment hit record volume in 2011 - 2/5/2012 5:28:00 AM ET
According to Japan Titanium Society, Japanese shipment of rolled titanium products increased by 40.4% to 19,358 tonnes in 2011 from 2010 and hit the secondly record volume. There was large lot export for an offshore desalination plant. The shipment also expanded by... |
Xanadu turns to coking coal and copper in Mongolia - 2/5/2012 5:27:00 AM ET
THE horde of miners looking to cash in on Mongolia's vast mineral wealth and close proximity to China has just got bigger. Junior exploration company Xanadu Mines said that it is seeking offers for its Mongolian thermal coal projects so it can focus on prospective coking... |
Peru copper and gold output down slightly in 2011-15 - 2/5/2012 5:26:00 AM ET
Reuters reported that production of all main metals fell in Peru in 2011 from the previous year as depleted reserves and lower ore grades hit the major global producer. The mining ministry said that Peru yielded 1.2 million tonnes of the red metal in 2011, 0.96% less... |
China gold output up by 6pct in 2011 - 2/5/2012 5:25:00 AM ET
Interfax-China reported that China's gold bullion output grew by 5.89% in 2011 to reach a record high of 360.96 tonnes up by 20.08 tonnes from the previous year making the country the world's largest producer for the fifth year running. The China Gold Association said... |
Japan secondary aluminum production dawn by 7pct in 2011 - 2/5/2012 5:24:00 AM ET
According to Japan Aluminum Refiners Association, Japanese secondary aluminum and aluminum alloy production decreased by 7% to 759,491 tonnes in 2011 from 2010. The shipment decreased by 7.1% to 765,771 tonnes. The production and shipment decreased for the first time in... |
Vedanta Q3 updates zinc and lead production - 2/5/2012 5:23:00 AM ET
Vedanta Resources announced the zinc and lead production of International for Q3 2011. Total production of zinc and lead metal in concentrate and zinc metal was in line with expectations at 105,000 tonnes in Q3 which included 71,000 tonnes of zinc and lead metal in... |
Mitsubishi to double copper output after Chile mine expansion - 2/5/2012 5:22:00 AM ET
Bloomberg reported that Mitsubishi Corporation of Japan plans to almost double its copper output in 2012 after spending USD 5.39 billion to buy a minority stake in Anglo American Plc’s Chilean unit. Mitsubishi said that the Tokyo based trading house’s copper... |
Peru Dec copper output rises to record on Xstrata and Antamina - 2/5/2012 5:21:00 AM ET
Bloomberg reported that Peru’s copper output rose to a record in December on gains at mines operated by Xstrata Plc and Cia Minera Antamina SA. The ministry said that copper production climbed 6.5% to 122,642 tonnes from a year earlier. Gold output rose 6.8% to... |
Rare metal international market prices show sign hitting bottom - 2/5/2012 5:20:00 AM ET
International rare metal market prices show a sign hitting bottom. The demand maintains weak for end products such as personal computers and liquid crystal panel TVs while rare metal prices are partially rebounding when base metal market prices are surging and Chinese... |
Copper prices fall on economic growth questions - 2/5/2012 5:19:00 AM ET
AP reported that copper prices fell ahead of a key US jobs report that could shed more light on the pace of US economic growth. Investors sold copper to take profits because of ongoing concerns about the slowing global economy, particularly the impact that Europe's... |
Yeun Chyang sales turnover reaches USD 914 million for 2011 - 2/5/2012 5:18:00 AM ET
For year 2011, the sales turnover of Yeun Chyang had reached a new record high of USD 914 million. In addition, the total annual sales volume also reached a new record high of approximately 270,000 tonnes, which includes all products of stainless steel coil, stainless steel... |
Baosteel Stainless Steel products win CISA Premium Quality Award 2011 - 2/5/2012 5:17:00 AM ET
In the New Year, the 2011 metallurgical product quality Gold Awards organized by Chinese and Steel Association announces its results. Baosteel 3 hot rolling stainless steel products namely 304, 316L, 430 not only gain Gold Award, but also win the industry's highest quality... |
Aichi Steel announces FY 2011-12 group forecast - 2/5/2012 5:16:00 AM ET
Specialty steel maker Aichi Steel Works Limited has announced consolidated earnings estimates for the fiscal year ended March 31st 2012.
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Synalloy Corp announces Q4 and FY 2011 results - 2/5/2012 5:15:00 AM ET
Synalloy Corporation, a producer of stainless steel pipe, fabricator of stainless and carbon steel piping systems, and producer of specialty chemicals, recorded sales of USD 40,241,000 for the fourth quarter of 2011, up by 7% YoY from 2010. Net earnings for the quarter were... |
European stainless steel prices on an upward trend - MEPS - 2/5/2012 5:14:00 AM ET
As previously predicted by MEPS, EU average stainless steel transaction values increased for all grades in January 2012. These advances were mainly due to increases in basis numbers. Most of the growth in sales was due to a surge in inventory replenishment by customers... |
EU new buses & coaches registration up by 2.6pct YoY in December - 2/5/2012 5:13:00 AM ET
European Automobile Manufacturer's Association has announced that, in December 2011, new bus and coach registrations grew by 2.6% in the EU, sustained by the German market (+10.7%). Demand was stable in the UK (+0.6%) and France (-0.4%), and down 3.0% in Spain. ... |
Krakatau POSCO employees coordinated social work activities - 2/5/2012 5:12:00 AM ET
POSCO announced that the Cilegon City Government, PT Krakatau Steel and PT Krakatau POSCO together coordinated social work activities on January 13th 2012. More than 86 Krakatau POSCO employees participated in the event, which was led by president Mr Kim Dong ho and also... |
Moody's cuts credit ratings on Nippon Yusen and Mitsui OSK - 2/5/2012 5:11:00 AM ET
Nikkei reported that ratings agency Moody's Japan KK had cut its credit ratings by a notch for Nippon Yusen KK and Mitsui OSK Lines Limited. As per report, Moody's downgraded its rating for Nippon Yusen from Baa1 to Baa2 and for Mitsui OSK Lines from A3 to Baa1. It has... |
Hyundai Heavy Q4 2011 net dropped by 91pct YoY - 2/5/2012 5:10:00 AM ET
Hyundai Heavy Industries Co, South Korea's leading shipbuilder, said that its fourth quarter earnings tumbled almost 91% YoY as it built more low priced ships. Net profit reached KRW 71.3 billion in the October to December 2011 period as compared with a profit of KRW 827... |
KDB supports domestic manufacturing companies - 2/5/2012 5:09:00 AM ET
Korea Times reported that Korea's global household name companies like Samsung Electronics, POSCO, Hyundai Motors, Hyundai Shipbuilding, SK and LG have become what they are now through financing from the state run Korea Development Bank. It has played the role as... |
China Steel Chem net sales fell by 16pct YoY in January - 2/5/2012 5:08:00 AM ET
China Steel Chem said that its unconsolidated sales in January 2012 fell by 16.11% to TWD 689,063,000 from TWD 821,409,000. |
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Sumitomo Metal announces FY 2011-12 dividend forecast - 2/5/2012 5:06:00 AM ET
Sumitomo Metal Industries Limited has announced parent only earnings estimates for the full year ended March 31st 2012. |
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SunCoke Energy announces Q4 and FY 2011 segment results - 2/5/2012 5:05:00 AM ET
Jewell Coke The Jewell Coke segment consists of the coke making operations in Vansant, Virginia. Substantially all of the metallurgical coal used at our Jewell coke making facility is supplied from our coal mining operations. |
Kobe Steel announces FY 2011-12 parent forecast - 2/5/2012 5:04:00 AM ET
Kobe Steel Limited has announced parent only earnings estimates for the full year ended March 31st 2012. |
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Sustainable Steel Council committed to improve materials and products - 2/5/2012 5:03:00 AM ET
It is reported that although sustainability attributes of steel are well researched overseas, and a great deal of international data has been amassed (worldsteel, whose members produce approximately 85% of the world's steel, has been undertaking Life Cycle Inventory work... |
VSA sees growth rate of up to 4pct in steel output in 2012 - 2/5/2012 5:02:00 AM ET
Mr Pham Chi Cuong chairman of Vietnam Steel Association said that the bankruptcy of many steel manufacturers in 2011 has led to a reduction of 25% to 30% in domestic production capacity. Mr Cuong said that steel manufacturers may only hope to obtain a modest growth rate... |
Mr Merulla demands explanation on the future of former Stelco plant - 2/5/2012 5:01:00 AM ET
City councilor Mr Sam Merulla wants US Steel executives to explain their vision of the future of the former Stelco plant in Hamilton. In a motion to be presented to city council next week, the Ward 4 councilor Mr Merulla demands executives be summoned to explain why the... |
Japanese rebar shipment up by 3.8pct YoY in 2011 - 2/5/2012 5:00:00 AM ET
JMB reported that Japanese concrete reinforcing steel bar shipment increased by 3.8% YoY or 293,000 tonnes to 8.056 million tonnes in 2011 from 2010. Northern Japan based electric furnace makers were damaged by the major earth quake in March but electric furnaces around... |
Taiwanese PMI edged up to 48.9 points in January 2012 - 2/5/2012 5:00:00 AM ET
The HSBC manufacturing purchasing managers' index for Taiwan edged up to 48.9 points in January 2012, suggesting the nation’s business conditions were in contraction for the eighth consecutive month. The PMI is a leading gauge of manufacturing industry health,... |
Macroeconomic indicators - Brazil PMI posts first expansion in January - 2/5/2012 4:59:00 AM ET
January 2012 data showed an improvement in Brazilian manufacturing sector business conditions, with both output and new orders rising since December 2011. Although only modest, the improvement in operating conditions was in contrast to the deteriorations reported in each of... |
Southern Steel posts loss of MYR 5.53 million in Q2 2011 - 2/5/2012 4:58:00 AM ET
Southern Steel Bhd slid 4.9% to MYR 1.95, bound for its steepest decline since September 27th 2011. The steel producer posted a second quarter net loss of MYR 5.53 million. It didn't provide year earlier figures because of a change in its financial calendar. (Sourced... |
POSCO 2011 earnings dropped by 11.6pct on low steel prices - 2/5/2012 4:57:00 AM ET
POSCO said that its earnings in 2011 dropped by 11.6% YoY due mainly to low steel prices and increased costs of raw materials. Net profit reached KRW 3.7 trillion on a consolidated basis in 2011 as compared with a profit of KRW 4.19 trillion a year earlier. Sales rose by... |
Taiwanese iron and steel industry will see better performance in H2 2012 - CSC - 2/5/2012 4:56:00 AM ET
CENS quoted Mr JC Tsou chairman of China Steel Corporation as saying that Taiwan's iron and steel industry will see better performance in the second half as the turning point falls in the second quarter of 2012. Admitting the European sovereign debt crisis will impact... |
Russia to increase oil exports by 8pct by 2020 - Transneft - 2/5/2012 4:55:00 AM ET
Interfax reported that Transneft's development strategy to 2020 forecasts that Russia will increase oil exports by 8% then compared with 2011 to 256 million tonnes. Mr Igor Dyomin spokesman of Transneft told Interfax that this forecast is contained in Transneft's... |
Gazprom concessions to EU consumers unrelated to higher spot sales - 2/5/2012 4:54:00 AM ET
Interfax reported that Gazprom's latest concessions to European consumers in terms of adapting contracts at the end of last year and early this year and unrelated to a higher proportion of spot sales in those contracts. Gazprom Export's Head of Contract Structuring and... |
Ukraine increases imports of Russian natural gas - 2/5/2012 4:53:00 AM ET
It is reported that Ukraine is preparing for a spell of extremely cold weather during the next 10 days and has already increased imports of Russian natural gas despite earlier assurances that such imports will be reduced. President Mr Viktor Yanukovych instructed the... |
Gazprom net profit expected to grow 25pct YoY in 2011 - 2/5/2012 4:52:00 AM ET
As a result of geological exploration carried out by Gazprom in 2011, the natural gas reserve increment hit the record level of 686.4 billion cubic meters surpassing the production level by 33.8%. A half of the increment was secured by geological exploration in Eastern... |
Russian natural gas production up by 0.7pct MoM in January - 2/5/2012 4:51:00 AM ET
Energy Ministry data showed that Russian natural gas production rose in January 2012 to 2.04 billion cubic meters per day from 2.03 billion cubic meters per day in December 2011. Gas production by Russian gas export monopoly Gazprom rose to 1.56 billion cubic meters per... |
Cold weather affects Ukrainian gas imports from Russia - 2/5/2012 4:50:00 AM ET
Mr Yuriy Boiko energy and coal industry minister of Russia said that due to a sharp drop of temperature in Russia, coming of gas to Ukraine has sharply dropped. Mr Boiko explained that "With the technical agreement of 490 million cubic million, daily supply of gas to the... |
Gazprom struggles to meet peak gas demand in Europe - 2/5/2012 4:49:00 AM ET
Reuters reported that Russian gas export monopoly Gazprom is struggling to meet extra demand from European customers shivering through a severe cold snap, even after ramping up investment and borrowing to boost output. A company source told Reuters that "Some requests... |
IRC Ltd to add Russian iron ore customers to diversify from Chinese sales - 2/5/2012 4:48:00 AM ET
Bloomberg reported that IRC Limited, a Hong Kong listed affiliate of gold miner Petropavlovsk Plc, seeks to add Russian iron ore customers to diversify from Chinese sales. Mr Pavel Maslovskiy founder of IRC Limited said that "We are avoiding off take agreements with... |
Mechel may seek state support to finance its debt pile in 2012 - 2/5/2012 4:47:00 AM ET
Reuters reported that Russian steel and coking coal producer Mechel may have to call in state support to finance its USD 9 billion debt pile in 2012 if it once again fails to pull off an initial public offering of its mining unit in New York or London. As per report, the... |
Steel billet prices at Black Sea down to lowest levels - 2/5/2012 4:46:00 AM ET
It is reported that steel billet price at Black Sea from Ukrainian steel mills further decreased this week by around USD 10 per tonne. This brings the total loss to USD 40 per tonne to USD 50 per tonne since last peak in early January. Incidentally, such low levels... |
B-Chem becomes cornucopia of coal chemical industry - 2/5/2012 4:45:00 AM ET
Being on line since last January, B-Chem operates well. Up to now, the cumulative transaction turnover reaches nearly CNY 1.6 billion. The sponsors include industry leaders such as Shanxi Coking, Jinan Steel, Nanjing Steel, Xinnuo Chem and the society number has reached... |
Baosteel holds environmental management seminar - 2/5/2012 4:44:00 AM ET
Recently, Baosteel holds environmental management seminar, reviews each unit's best practices in implementing the company's environmental management strategy in the previous stage and raises next stage's work promotion plan. The seminar makes clear that we should... |
Exports information of some mills in North China - 2/5/2012 4:43:00 AM ET
In January, a mill in north China exports SS400B boron added HR coil with a thickness above 4.0 mm mainly to South east Asia at a price of USD 610 per tonne. The order quantity goes well and extends to March. The mill is not taking orders in February. Another north... |
Shuicheng Steel aims to produce 5 million tonnes of crude steel - 2/5/2012 4:41:00 AM ET
According to news posted by Shuicheng Steel, this company produced 3728414 tonnes of pig iron, 4010855 tonnes of crude steel and 3882932 tonnes of steel products in 2011. The total sales revenue came to CNY 16.847 billion. Recently, Shuicheng Steel set the production... |
WISCO prepares to commission coke oven at JV - 2/5/2012 4:40:00 AM ET
Chinese steelmaker Wuhan Iron and Steel Company has announced that the coke cutter of coe oven No 5 at one of its JV has officially been commissioned. Construction work on the coke oven No 5 was completed in November 2010. The coke oven belongs to Wuhan Pingmei WISCO... |
Handan Steel doubles products in 2 years - 2/5/2012 4:39:00 AM ET
Handan Steel of Hebei Steel Group adjusts its structure and alters methods, which wins social benefits and economic benefits for itself. In 2011, Handan Steel produces 6.25 million tonnes of variety steel an increase of 720,000 tonnes from 2010 and twice as much as that in... |
China construction steel inventory goes high after the festival - 2/5/2012 4:38:00 AM ET
China’s inventory on construction steel sees growth when the Spring Festival is over. Most market participants deny the possibility of positively stockpile by traders which in their point of view is passively replenishment. For the steel market after the Festival,... |
Sindh BoI chief lashes out at SNGPL - 2/5/2012 4:37:00 AM ET
Mr Zubair Motiwala chairman of Sindh Board of Investment lashed out at Sui Northern Gas Pipelines Limited for unjustly distributing gas connections that had caused gas shortage in the country. Mr Motiwala said that “SNGPL had issued gas connections of 700 million... |
LPG Aramco price hits record high of USD 1031 per tonne - 2/5/2012 4:36:00 AM ET
The international price of liquefied petroleum gas has jumped by USD 139 to a record high of USD 1,031 per tonne for February raising its import price by PKR 15,000 per tonne to PKR 108,930 per tonne. Mr Abdul Hadi Khan FPCCI Standing Committee on LPG and All Pakistan... |
Downstream industry strategy focus for summit - 2/5/2012 4:35:00 AM ET
The World Refining Association has announced that the Middle East Downstream Week 2012 will be held at the Beach Rotana Hotel from March 25th to 28th 2012. Preceding the conference will be Axen’s complimentary Middle East Seminar on Refining and Petrochemical... |
Oman Oil fuel sales exceed 1 billion liters in 2011 - 2/5/2012 4:34:00 AM ET
Oman Oil Marketing Company ended 2011 with over 1 billion liters in fuel sales and ten new filling stations to make up a total of 132 to date earning its position as the fastest growing retail network in the Sultanate. Oman’s visionary fuels and lubricants... |
A Tale of two Kingdoms - Netherlands and Bahrain - 2/5/2012 4:33:00 AM ET
Mr Jaap Vaandrager the acting Dutch consul in Bahrain said that significant opportunities exist to enhance bilateral trade and investment links between Bahrain and The Netherlands particularly in the booming industrial sector. Mr Jaap Vaandrager said that the two... |
Iran forecasts USD 55 billion in non oil exports next year - 2/5/2012 4:32:00 AM ET
MNA reported that Iran’s non oil exports value is projected to reach USD 55 billion in the next calendar year starting March 21st 2012. Mr Kiyumars Fathollah Kermanshahi deputy director of Trade Promotion Organization said that USD 300 million for incentives for... |
Saudi Electricity Company signs project for Qurayat Governorate - 2/5/2012 4:31:00 AM ET
Saudi Electricity Company has signed a contract worth SAR 450 million with a national company to install two gas generating units in the Governorate of Qurayat. Mr Ali bin Saleh Al-Barrak CEO of SEC pointed out that capacity of the units is 120 MW and these units will be... |
Jordan Lower House passes renewable energy draft law - 2/5/2012 4:29:00 AM ET
Jordan Times reported that a renewable energy fund will be established in the Kingdom under the auspices of the Cabinet if the 2010 renewable energy and rational energy consumption draft law, endorsed by the Lower House is enacted. Article 11 of the legislation... |
International Sanctions have not affected energy investment - Oil Minister - 2/5/2012 4:28:00 AM ET
Tehran Times cited Mr Rostam Qasemi oil minister of Iran as saying that international sanctions have not been effective on investments in Iran’s oil and gas industry and that Iranian oil can not be excluded from international markets. Mr Rostam Qasemi said that it... |
Iran pipeline to supply gas by end of 2014 - 2/5/2012 4:27:00 AM ET
The National Assembly’s Standing Committee on Petroleum and Natural Resources was informed that the supply of natural gas through the Iran and Pakistan pipeline would start by December 2014. Mr Ejaz Chaudhry secretary of Petroleum and Natural Resources said that... |
Iran rejects Turkey request for cheaper gas - 2/5/2012 4:26:00 AM ET
Tehran Times reported that Iran has not received any official request on the gas price lowering from Turkish Botas Company. Mr Majid Bojarzadeh spokesman of National Iranian Gas Company said that according to the gas contract between Iran and Turkey both parts could... |
KGOC signs gas deal with France Technip - 2/5/2012 4:25:00 AM ET
Kuwait Gulf Oil Company signed a contract with France's Technip to build gas facilities in Khafji, part of a plan to boost gas output for growing domestic needs. Industry sources said that KGOC, a unit of Kuwait Petroleum Corporation operates in the Neutral Zone shared... |
Turkish steel exports in January up by 33pct - 2/5/2012 4:24:00 AM ET
According to the preliminary statistics provided by Turkey's Steel Exporters Association, in January this year Turkey's total steel product exports amounted to 1.59 million tonnes decreasing by 10.45% compared to the previous month of December and up 32.74% YoY. In... |
Steel rebar prices at Black Sea dip in tandem with billet prices - 2/5/2012 4:23:00 AM ET
It is reported that steel rebar prices at Black Sea from Ukrainian steel mills further decreased this week by around USD 20 per tonne to USD 25 per tonne, following the dip in steel billet prices As per market information demand is weak and February production from... |
RINL VSP lay work on prevention and control of chronic non communicable disease - 2/5/2012 4:22:00 AM ET
Mr YR Reddy director personnel of RINL inaugurated ‘XXXIII ALL INDIA STEEL MEDICAL OFFICERS CONFERENCE’ ie February 3rd 2012 at MP Hall Ukkunagaram Club. The Conference is hosted by the Medical Department of Visakhapatnam Steel Plant. Mr AP Choudhary CMD of... |
NTPC gets SCOPE Excellence award - 2/5/2012 4:21:00 AM ET
NTPC Limited India’s largest power generation company has been given SCOPE Excellence Award Gold Trophy in Institutional Category for the year 2009-10. The Award was received by Mr Arup Roy Choudhury CMD of NTPC from prime minister Dr Manmohan Singh at a function held... |
RIL invites price bids for CBM gas - 2/5/2012 4:20:00 AM ET
With the government reluctant to approve its pricing formula for gas produced from coal seams, Reliance Industries invited bids from potential consumers, asking them to quote a rate indexed to the price of imported LNG. RIL, in an advertisement issued in national and... |
Volkswagen India January sales up by 3pct - 2/5/2012 4:19:00 AM ET
Volkswagen today posted a 3.36% increase in sales in India to 5,789 units for January. The company sold 5,601 units in the corresponding period last year. Volkswagen said that its compact car 'Polo' and sedan 'Vento' continue to be the backbone for the brand, with a... |
Ashok Leyland January sales up by 34pct - 2/5/2012 4:18:00 AM ET
Hinduja Group flagship company Ashok Leyland today reported 33.58% jump in total commercial vehicle sales at 10,300 units in January. Ashok Leyland in a statement said that the company had sold 7,711 units in the corresponding period of 2011, (Sourced from |
Maruti Suzuki to set up stockyard facility in Nagpur - 2/5/2012 4:17:00 AM ET
To reduce the transit time and increase delivery of vehicles, country's largest auto maker Maruti Suzuki would set up its stockyard facility in Nagpur. Mr Mayank Pareek Maruti Suzuki India managing executive officer (Marketing and Sales) told reporters that "We will be... |
Mission plan for electrical equipment industry to be finalised in three months - 2/5/2012 4:16:00 AM ET
The electrical equipment industry in India has a long and chequered history. Today, it covers over 1,500 units of varying sizes, amounting for an annual turnover of about INR 110,000 crores. It amounts for about INR 20,000 crores of annual exports and about INR 32,000... |
NLC to pay INR 439 crore dividend to coal ministry - 2/5/2012 4:15:00 AM ET
CNBC-TV18 reported that Neyveli Lignite Corporation is planning to pay a dividend of INR 439.51 crore to the coal ministry for 2011. (Sourced from CNBC TV |
Nava Bharat Ventures Q3 profit down by 34pct - 2/5/2012 4:14:00 AM ET
Nava Bharat Ventures has posted a net profit of INR 325.07 million for the quarter ended December 31st 2011 as compared to INR 493.45 million for the quarter ended December 31st 2010, reflecting decrease of 34.12%. The copmany’s total income has decreased from INR... |
NRE Coke to bridge coking coal deficit by imports - 2/5/2012 4:12:00 AM ET
Kolkata based Gujarat NRE Coke is betting big on imported coal to meet the demand supply gap in India. The company plans to triple the capacity of its two coal mines in Australia in three years to cater to the growing demand for coal in the country and widen its... |
Mahindra Ugine reports Q3 loss widens - 2/5/2012 4:11:00 AM ET
Mahindra Ugine Steel Company has posted a net loss of INR 243.03 million for the quarter ended December 31st 2011 as compared to net loss of INR 50.59 million for the quarter ended December 31st 2010. The company’s total income has increased from INR 3.40 billion... |
Mahagenco moves HC over CIL WCL coal supply - 2/5/2012 4:10:00 AM ET
TOI reported that Maharashtra State Power Generation Company Limited has moved the judiciary challenging a lower court's order of January 6 directing it to lift 2.15 metric tonnes coal from Western Coalfields Limited mines to transport it to a nearby thermal power station. ... |
GVK to raise INR 1200 crore for Alaknanda power project - 2/5/2012 4:09:00 AM ET
ET reported that Hyderabad based GVK Power & Infrastructure is in talks with lenders to raise additional INR 1200 crore for the Alaknanda hydel power project. The company will also be pumping in an additional INR 300 crore equity according to company sources familiar... |
Import duty cut on cars to hinder domestic industry growth - Mr Telang - 2/5/2012 4:08:00 AM ET
Coming out against the proposal to cut imports duty on cars from Europe as envisaged under India-EU FTA, TATA Motors said that such short term policy shift will hinder growth of domestic automobile industry and investment in the country. The company said that India with... |
Levy of import duty on power equipment will hurt sector - APP - 2/5/2012 4:07:00 AM ET
Warning that the levy of customs duty on imported power equipment will increase the cost of power generation and delay capacity addition, private power companies have requested the government to keep any proposed move in this regard in abeyance for the time being. In a... |
NALCO and SAIL gets top exporter award - 2/5/2012 4:06:00 AM ET
BL reported that customs chief commissioner Mr PK Jain presenting top exporter award to National Aluminium Company at Customs Day celebrations conducted in Visakhapatnam on Thursday. National Aluminium Company and Steel Authority of India Ltd were respectively given the... |
Race for resources - Fox Mandal appointed as legal advisor for Hajigak Iron Ore Project - 2/5/2012 4:05:00 AM ET
BS reported that Fox Mandal & Co has been appointed as the legal advisor to a seven member consortium of leading Indian state run and private companies led by Steel Authority of India, which has been awarded mining rights for the Hajigak iron ore deposit in Afghanistan. ... |
ArcelorMittal still looking for land in Jharkhand - Report - 2/5/2012 4:04:00 AM ET
PTI reported that steel giant ArcelorMittal is still in the process of identifying land in Bokaro district for a proposed 12 million tonne per annum Greenfield steel plant in Jharkhand. Jharkhand Industry Secretary Mr AP Singh "They are still in the process of searching... |
Alloy steel industry to continue its growth momentum - CARE - 2/5/2012 4:03:00 AM ET
Despite the gloom in the advanced and the European countries, domestic finished steel industry continued to register a strong growth during FY03 to FY11. Amid a sharp slowdown in the global demand (in the aftermath of the global financial crisis during FY09), the domestic... |
Indian iron ore mining mess - CID may question former WB minister - 2/5/2012 4:02:00 AM ET
TOI reported that with two IAS officers already in custody, the CID is now zeroing in on a former minister for his alleged role in the iron ore scam in which West Bengal Essential Commodities Supply Corporation Ltd lost more than INR 300 crore. Investigators have reasons... |
Logistic bottlenecks hampering supplies for steel industry in India - ASSOCHAM - 2/5/2012 4:01:00 AM ET
Apex chamber ASSOCHAM has voiced concern over poor logistics infrastructure for supply of iron ore and coal for the steel industry and said slurry pipelines should be included in the list of industries with infrastructure status to address bulk transportation needs of the... |
POSCO JV considering electrical steel center in Gujarat - 2/5/2012 4:00:00 AM ET
Express News Service reported that South Korea steel giant POSCO is close to setting up a steel manufacturing plant in Gujarat to produce 100,000 tonne of Cold Rolled Grain Oriented electrical steel per annum. Mr Gautam Nagarsheth chairman of POSCO Poggenamp Electrical... |
Ron Hera Offers His Strategy for Natural Resource Investing at Vancouver Resource Investment Conference - 2/4/2012 9:25:00 PM ET
 Ron Hera, an investor and newsletter publisher, spoke at the Vancouver Resource Investment Conference regarding the life cycle model for resource investing and the future for inexpensive commodities. |
MBILA offtake expressions of interest exceed 600 000 tonne per annum - 2/4/2012 7:49:00 AM ET
ZYL Limited the Perth based emerging metallurgical coal producer with two key projects in South Africa announced that a total of six non binding expressions of interest, representing more than 600 000 tonnes per annum, have been received for offtake in respect of production... |
Itochu Corp Q3 profit up by 38% - 2/4/2012 7:48:00 AM ET
Itochu Corp said that its net profit for the third quarter ended September 30 grew 38% on year, owing to higher prices and an increase in sales of iron ore. The Japanese trading house said its net profit for the just-ended quarterly period came to JPY 58.61 billion from... |
Natural Resource Partners completes fifth acquisition - 2/4/2012 7:42:00 AM ET
Natural Resource Partners announced that it has completed the fifth acquisition of coal reserves at the Deer Run mine near Hillsboro, Illinois for USD 40 million from Colt LLC, an affiliate of the Cline Group. The acquisition was funded with cash. NRP has paid USD 215... |
Metso to supply equipment to Hamersley Iron Pty - 2/4/2012 7:41:00 AM ET
Metso will supply a tandem rotary railcar dumper to Hamersley Iron Pty Ltd in Australia. The equipment will be delivered to Hamersley Iron’s Cape Lambert, Port B iron ore operation in North Western Australia. The value of the order will not be disclosed. The order... |
Ukraine coal output in January up by 6pct - 2/4/2012 7:40:00 AM ET
Ukraine energy and coal ministry without giving a reason said that Ukraine’s coal output rose by 6.2% in January from a year earlier. The Kiev based ministry said that coal production increased to 6.97 million tonnes in January, which is 1.13 million tonnes more... |
FMG and Aquila Resources told to form a JV to develop Anketell Port - 2/4/2012 7:33:00 AM ET
PREMIER Colin Barnett has told Fortescue Metals Group and Aquila Resources to bury their differences and form a joint venture to develop the Anketell Port. Speaking at the launch of the State Government’s new port strategy, Mr Barnett gave the clearest indication... |
Itochu and Mitsui approve funding to expand capacity of WA iron ore operations - 2/4/2012 7:32:00 AM ET
ITOCHU Corporation and Mitsui & Co Ltd announced that they have approved the pre commitment funding for the outer harbor facility associated with the Western Australia iron ore operations, which are run as joint ventures with leading mining company, BHP Billiton. The pre... |
Mitsubishi Materials starts end mill production in Indonesia - 2/4/2012 7:25:00 AM ET
Mitsubishi Materials started local production of cemented carbide tools in Indonesia. The firm established production lines for cemented carbide end mill inside PT MMC Metal Fabrication, Mitsubishi Materials' existent wholly owned subsidiary in Bekasi Regency, Jawa... |
Copper futures rise as manufacturing gains in US and India - 2/4/2012 7:24:00 AM ET
Bloomberg reported that copper futures rose, snapping 3 session slump as manufacturing gains in Asia and the US bolstered prospects for metal demand. According to the Institute for Supply Management, in January a purchasing managers’ index gained in China, the... |
Norsk Hydro shares dip after asset write down - 2/4/2012 7:23:00 AM ET
Reuters reported that Norwegian aluminum producer Norsk Hydro would write down asset values by NOK 1.3 billion most of it related to its Kurri Kurri plant in Australia. The company said that the measures would weigh on its fourth quarter results due on February 16th... |
UC RUSAL to increase stake in Yaroslavsk GRK - 2/4/2012 7:17:00 AM ET
UC RUSAL announced that it has entered into an agreement to acquire 50% of OOO Yaroslavsk GRK from Russian Mining Company. Following completion of the deal, Yaroslavsk GRK will be 100% wholly owned by RUSAL. The acquisition is in line with RUSAL's strategy to develop the... |
Gentor and Al Fairuz announce drilling of Mahab 4 VMS copper project in Oman - 2/4/2012 7:16:00 AM ET
Gentor Resources Inc announced further strong results from their on going evaluation drilling of the Mahab 4 Cyprus type volcanogenic massive sulphide copper discovery in Oman. Infill diamond drilling at approximately 25 meter spacing, mainly in the northern and central... |
Tredegar to close Indiana plant - 2/4/2012 7:15:00 AM ET
Tredegar Corporation’s Bonnell Aluminum subsidiary will close its plant in Kentland, Indiana. Tredegar said that the plant had been operating at a loss for the past several years. The closure expected to be completed by September 30th 2012 will affect 146... |
Baobab Resources announces first drill results from Tenge - 2/4/2012 7:09:00 AM ET
Baobab Resources Plc has announced an update of activities at the Massamba Group iron vanadium titanium project. IFC hold a 15% participatory interest in the project with Baobab owning the remaining 85%. A recent scoping level viability analysis of the project assessed... |
Outlook positive for global manganese producers in 2012- Report - 2/4/2012 7:08:00 AM ET
Roskill Information Services in a recent report titled 'Manganese: Global industry markets and outlook 2012 (12th Edition)', outlined that at the end of 2011 market conditions for manganese products were relatively weak with a large stockpile of ore at Chinese ports and... |
Norilsk Nickel summarizes results of Harjavalta operations - 2/4/2012 7:07:00 AM ET
OJSC MMC Norilsk Nickel announces the 2011 operational results of its subsidiary in Finland Norilsk Nickel Harjavalta Oy. In 2011, MMC Norilsk Nickel initiated implementation of a number of innovative organizational methods and technologies at NNH which resulted in... |
Macroeconomic indicators - Czech economy to grow slightly in 2012 - 2/4/2012 7:01:00 AM ET
Speaking on a political talk show on Sunday, Czech minister of finance Mr Miroslav Kalousek appeared comparatively upbeat about the prospects for the Czech economy in 2012. In early January 2012, he spoke of expecting to adjust government spending plans to accommodate a 2%... |
Kyoei Steel posts 18 times higher recurring profit for 9M 2011 - 2/4/2012 7:00:00 AM ET
Kyoei Steel announced that the firm's consolidated recurring profit expanded by 18 times for nine months of April to December 2011. The firm posted net profit for nine months against net loss in the same period of fiscal 2010. Steel shipment increased and ferrous scrap cost... |
Vancouver Iron Steel to pay USD 4693 fine for water permit violation - 2/4/2012 7:00:00 AM ET
The Oregon Department of Environmental Quality said that Vancouver Iron & Steel Inc is paying a USD 4,693 Oregon Department of Environmental Quality fine for failing to conduct all required storm water discharge monitoring at its foundry at 866 N. Columbia Boulevard in... |
Nichia Steel announces FY 2011-12 parent forecast - 2/4/2012 6:59:00 AM ET
Nichia Steel Works Limited has announced parent only earnings estimates for the full year ended March 31st 2012. |
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Shinsho Corp announces FY 2011-12 parent forecast - 2/4/2012 6:58:00 AM ET
Shinsho Corporation has announced parent only earnings estimates for the full year ended March 31st 2012. Item FY '12 LF FY '12 PF Sales 800 940 Recurring 4.3 4.7 Net 2 2.5 In JPY billions unless specified LF - Latest forecast PF - Previous |
JFE Holdings announces FY 2011-12 parent forecast - 2/4/2012 6:57:00 AM ET
JFE Holdings Inc has announced parent only earnings estimates for the fiscal year ended March 31st 2012. |
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Godo Steel announces FY 2011-12 dividend forecast - 2/4/2012 6:56:00 AM ET
Godo Steel Limited has announced parent only earnings estimates fro fiscal year ended March 31st 2012. |
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Hokuetsu Metal announced FY 2011-12 group forecast - 2/4/2012 6:55:00 AM ET
Electric furnace steelmaker Hokuetsu Metal Co Limited has announced consolidated earnings estimates for the fiscal year ended March 31st 2012. |
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South Korean auto sales down by 1.7pct YoY in January - 2/4/2012 6:54:00 AM ET
Yonhap reported that South Korea's five automakers led by market leader Hyundai Motor Co reported a 1.7% YoY drop in January 2012 sales due to a slump in domestic demand. According to data released by the companies, the combined sales of the carmakers came to 617,506... |
Sumitomo Metals forecasts as 61.5pct YoY profit increase in FY 2011 - 2/4/2012 6:53:00 AM ET
Sumitomo Metal Industries announced that the firm's full year consolidated recurring profit is now estimated to increases by 61.5% to JPY 55 billion in fiscal 2011 ending in March 2012 as compared with the previous fiscal year while the latest profit forecast is 45% lower... |
Kobe Steel announces dividend for FY 2011 - 2/4/2012 6:52:00 AM ET
Kobe Steel's policy is to distribute dividends on a continuous and stable basis. Dividends are decided taking into account the Company's financial condition, trends in its business performance, future capital needs, and other issues from a comprehensive standpoint. On... |
EU new commercial vehicles registration up by 20.5pct YoY in December - 2/4/2012 6:51:00 AM ET
European Automobile Manufacturer's Association has announced that, December 2011 results in the truck segment showed a 20.5% upturn in the EU which recorded 26,846 units. Looking at the most significant markets, Spain (-3.5%) was the only one to contract, while Germany... |
Hokuetsu Metal announces FY 2011-12 parent forecast - 2/4/2012 6:50:00 AM ET
Electric furnace steelmaker Hokuetsu Metal Co Limited has announced parent only earnings estimates for the fiscal year ended March 31st 2012. Item FY '12 LF FY '12 PF Sales 21.17 21.21 Operating 510 mln 400 mln Recurring 560 mln 450 mln Net 220 mln 250 mln In JPY... |
MARC downgrades Perwaja Steel MMTNs to A-ID with a negative outlook - 2/4/2012 6:49:00 AM ET
Bernama reported that Malaysian Rating Corp Bhd has downgraded Perwaja Steel Sdn Bhd's MYR 400 million Murabahah Medium Term Notes program from AID to A-ID with a negative outlook. The rating agency in a statement that "The rating action, which affected MYR 160 million... |
SunCoke Energy announces Q4 and FY 2011 results - 2/4/2012 6:48:00 AM ET
SunCoke Energy Inc has announced fourth quarter and full year 2011 results. Consolidated results |
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Haynes Intl announces Q1 FY 2012 financial results - 2/4/2012 6:47:00 AM ET
Haynes International Inc has announced financial results for the first quarter of fiscal 2012. Net Revenues Net revenues were USD 128.9 million in the first quarter of fiscal 2012, an increase of 21.2% from USD 106.4 million in the same period of fiscal 2011. Volume was... |
Executives buy POSCO stocks in an effort to take more responsibility for management - 2/4/2012 6:46:00 AM ET
It is reported that executives at steelmaker POSCO have started snapping up the company's shares in an effort to take more responsibility for management and help stabilize prices after domestic industry players have found themselves rocked by high levels of volatility in... |
PKM Steel to retain Mr Hamade as COO for the next ten years - 2/4/2012 6:45:00 AM ET
PKM Steel Service Inc, a global producer of heavy and intermediate structural steel, has announced an agreement to retain Mr Mark Hamade as chief operating officer for the next ten years. Under Mr Hamade's management, PKM Steel Service will continue to focus on helping... |
Barr Limited to close Solway Steel with the loss of 80 jobs - 2/4/2012 6:44:00 AM ET
Solway Steel is set to close with the loss of 80 jobs. Half of the job losses will be at the Killoch site, while the other 40 are at the Creetown base. Just before Christmas, bosses announced a review of the business with the expectation of some job losses. But after the... |
Ajaokuta Steel workers embark on an indefinite strike - 2/4/2012 6:43:00 AM ET
It is reported that staff of the moribund Ajaokuta Steel Company Limited in Kogi State have embarked on an indefinite strike as the steel company has been locked up. The staff are protesting against unpaid salaries and allowances, which they claimed have been released to... |
Western Metals Recycling purchases AMPCO Inc - 2/4/2012 6:42:00 AM ET
Western Metals Recycling purchased local automotive salvage and metal recycling business Van Gundy's AMPCO Inc. Western is owned by Cincinnati based The David J Joseph Company, a subsidiary of steel manufacturing business Nucor Corporation. The David J Joseph Company is... |
Japanese new car sales up by 40pct YoY in January - 2/4/2012 6:41:00 AM ET
The Japan Automobile Dealers Association said that domestic sales of new cars rose by 40.7% YoY in January 2012 to 263,267 vehicles, marking the fifth straight month of growth. Sale of passenger cars increased has by 42.7% YoY to 239,107. Of those, sales of standard... |
Ruukki to initiate a project to improve steel business competitiveness - 2/4/2012 6:40:00 AM ET
Ruukki Metals announced that it is to initiate a project aimed at operations across the division to achieve a permanent annual improvement of around EUR 50 million in earnings performance and also profitable business when production is running at 80%, which is low for the... |
Japanese construction orders up by 1.5pct YoY in December - 2/4/2012 6:39:00 AM ET
Nikkei reported that construction orders at 50 major firms rose by 1.5% YoY in December 2011 to JPY 1.032 trillion, up for the third straight month. The Infrastructure Ministry said that orders from the private sector rose by 5.8% YoY to JPY 698.9 billion, marking the... |
Asian shipping expected to ride out stormy downturn - 2/4/2012 6:38:00 AM ET
Key leaders of Singapore's maritime industry recently said that the ongoing downturn may lead to more consolidation among shipping companies, but Asia is likely to emerge as the new shipping hub of the world. Mr Michael Chia chairman of the Singapore Maritime Foundation... |
Japanese steel inventory surged by 1.7pct MoM in December - 2/4/2012 6:37:00 AM ET
JMB reported that hot rolled, cold rolled and surface treated flat rolled steel inventories at Japanese steel makers, dealers and members of national coil centers association increased by 1.7% or 72,000 tonnes to 4.318 million tonnes for domestic order at the end of... |
ThyssenKrupp selects Chicago as North American regional headquarters - 2/4/2012 6:36:00 AM ET
Chicago mayor Mr Rahm Emanuel announced that following an evaluation of about 20 worldwide cities, German technology and materials group ThyssenKrupp selected Chicago as it's North American regional headquarters. Mr Emanuel said that the investment will bring about 100... |
Japanese integrated steels lower profit forecasts for FY 2011 - 2/4/2012 6:35:00 AM ET
JMB reported that Japanese integrated steel makers, Nippon Steel, JFE Holdings, Sumitomo Metal Industries and Kobe Steel, lowered their full year consolidated recurring profit forecast for fiscal 2011 ending in March 2012 from the previous estimations. Nippon Steel, JFE... |
Siemens VAI wins converter modernization order from AHMSA - 2/4/2012 6:34:00 AM ET
Siemens VAI Metals Technologies announced that it has received an order from the Mexican steel producer Altos Hornos de Mexico SAB de CV to modernize the LD (BOF) converter in the Monclova steel works. The contract includes the engineering and delivery of key components and... |
CAP net profit fell by 25pct YoY to USD 441.66 million in 2011 - 2/4/2012 6:33:00 AM ET
Net profit at CAP SA, Chile's only integrated steel and iron ore producer, fell by 25% YoY in 2011 to USD 441.66 million. In a separate statement, the company noted that without the 2010 one time gain that resulted from the merger of two of its subsidiaries, its 2011 net... |
Steel end users show resilience despite recessionary economic environment - EUROFER - 2/4/2012 6:32:00 AM ET
EUROFER's Q1 2012 economic and steel market outlook shows that while the EU economy probably slipped into a shallow recession in the final quarter of 2011, activity of downstream steel users has remained rather firm. The latest economic data confirm that the Eurozone's... |
POSCO Q4 2011 net profit fell short of expectations - 2/4/2012 6:31:00 AM ET
Reuters reported that POSCO, backed by billionaire investor Mr Warren Buffett, has reported a smaller than expected 33% gain in quarterly profit, the latest steelmaker to post disappointing results as the slowing global economy kept it from fully passing on higher costs to... |
Evraz Plc voting rights and capital as at January 31 2012 - 2/4/2012 6:29:00 AM ET
As at January 31st 2012, Evraz Plc's issued share capital consists of 1,338,400,101 ordinary shares of USD 1.00 each. The total number of voting rights attaching to the ordinary shares of Evraz Plc is therefore 1,338,400,101. The above figure of 1,338,400,101 may be... |
Nabucco still considers Turkey as important partner - 2/4/2012 6:28:00 AM ET
Nabucco Gas Pipeline International continues to consider Turkey as an important partner for its project. Mr Christian Dolezal spokesman of Nabucco Gas Pipeline International GmbH said that "Turkish Botas is a shareholder in the Nabucco project, and Turkey is an important... |
Export duty on oil fell by USD 393 a tonne in Russia on Feb 1 - 2/4/2012 6:27:00 AM ET
Interfax reported that the export duty for oil in Russia will fall by USD 3.8 to USD 393.7 per tonne on February 1st 2012. Prime Minister Mr Vladimir Putin signed a decree on the new duty on January 25th 2012. The Rossiiskaya Gazeta newspaper published the decree on... |
Vyksa celebrates 25 years of electric welding pipes plant No 5 - 2/4/2012 6:26:00 AM ET
Vyksa, part of United Metallurgical Company CJSC, has celebrated 25 years of electric welding pipes plant number 5, producing casing for oil and gas arrangement. In a solemn ceremony dedicated to the anniversary celebrations, was attended by workers and veterans of the... |
Macroeconomic indicators - Russian 2012 budget deficit expected at 1pct of GDP - 2/4/2012 6:25:00 AM ET
RIA Novosti quoted Mr Andrei Klepach deputy economic development minister of Russia as saying that the federal budget deficit this year may come in at 1% of GDP. He said that the forecast is based on the assumption that the budgetary revenue base in 2012 will be higher... |
Mr Yanukovych signs privatization program for 2012-2014 - 2/4/2012 6:24:00 AM ET
Ukrainian News Agency reported that President Mr Viktor Yanukovych has signed the law on the privatization state program. The bill was drafted by the State Property Fund with the aim of facilitating optimization of the market share of the public sector, improving the... |
2012 will be a challenging year for Russian steel industry - Severstal CEO - 2/4/2012 6:23:00 AM ET
According to Mr Alexey Kulichenko deputy CEO of Severstal, 2012 will be a challenging year for the metals industry in both Russia and abroad. Mr Kulichenko said that "It's mainly due to the global economic uncertainty in Europe and the US. The sovereign debt situation... |
Metalloinvest sees its 2012 sales falling by up to 30pct - 2/4/2012 6:22:00 AM ET
Reuters reported that Russia's largest iron ore miner Metalloinvest is expecting sales to fall by 20% to 30% in 2012 due to depressed prices. Mr Eduard Potapov CEO of Metalloinvest said that "The price of iron ore has fallen and we expect EBITDA and revenue will be down... |
Cherepovets Steel Mill increased strip deliveries by 5pct in 2011 - 2/4/2012 6:21:00 AM ET
OAO Severstal announces that its Cherepovets Steel Mill, part of the Severstal Russian Steel Division and one of the world's largest standalone integrated steelworks by capacity, has increased deliveries to Russian pipe making companies in 2011 by 5%. A total of more... |
Chinese domestic steel beam price update on February 03 - 2/4/2012 6:20:00 AM ET
Beam #25 |
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Chinese domestic steel channel price movement on February 03 - 2/4/2012 6:19:00 AM ET
Channel #16 |
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Chinese domestic steel Angle price on February 03 - 2/4/2012 6:18:00 AM ET
Angle #5 Location In CNY In |
Chinese domestic galvanized steel HDG price on February 03 - 2/4/2012 6:17:00 AM ET
HDG 0.5mm Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Nanjing 0 0 Wuxi 0 0 Jinan 0 0 Boxing 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Xian 0 0 ... |
Chinese domestic CR steel price on February 03 - 2/4/2012 6:16:00 AM ET
CR 1mm |
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Chinese domestic narrow HR strip prices on February 03 - 2/4/2012 6:15:00 AM ET
HR Strip 235*2.75 Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Wuxi 0 0 Guangzhou 0 0 Tianjin 0 0 Tangshan 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Kunming 0 0 Guiyang 0 0 Average 0 0 Change is on 03rd February as compared to 02nd February... |
Chinese domestic pig iron prices on February 03 - 2/4/2012 6:14:00 AM ET
Pig Iron Z18-22 Foundry |
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Chinese domestic steel plate price on February 03 - 2/4/2012 6:13:00 AM ET
Plates 20mm Common Location In CNY In |
Chinese domestic HR steel prices on down path on February 03 - 2/4/2012 6:12:00 AM ET
HRC 5.75mm Common |
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Chinese domestic steel wire rod price on February 03 - 2/4/2012 6:11:00 AM ET
WRC 6.5mm High Speed |
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China unveils 2011-15 plans for renewable energy sector - 2/4/2012 6:10:00 AM ET
According to the 12th Five Year Plan (2011-2015) for the renewable energy industry recently released by the National Energy Administration, China is targeting the development of non fossil energy including wind power, solar power, biomass energy, solar energy and thermal... |
Baosteel Engineering 5+3+1 industrial distribution promotes production - 2/4/2012 6:09:00 AM ET
2011 is the first year of Baosteel Engineering&Technology Group's substantive consolidation. With the further clarification of 5+3+1 industrial layout, collective cooperation mode is quickly implemented to promote enterprise's overall competitiveness and the business... |
Liaoning iron ore prices rose after Chinese New Year - 2/4/2012 6:08:00 AM ET
Iron ore prices rose slightly on February 01st 2012. Although many market participants expect price to step up, they all are cautious in operation. In Western Liaoning, mainstream quotation for 66% fines stood at CNY 790 to CNY 810. Transaction remained thin as most... |
The emergence of Chinese JV Auto Brands - 2/4/2012 6:07:00 AM ET
The Chinese automobile market is maturing with growing competition and emerging new market segments as well as new consumer groups. The automobile companies present on the Chinese market cope with the upcoming changes in combined efforts of their established JV. Those have... |
Xiangtan Steel produces 2 million tonne of marine grade steel plate in 2011 - 2/4/2012 6:06:00 AM ET
Hunan Province based Chinese steelmaker Xiangtan Iron and Steel Company total output of marine grade steel plate exceeded 2 million tonnes in 2011, worth CNY 12 billion in value. Xiangtan Steel commissioned its 5 meter wide steel plate production line in October 2010. As... |
Chinese domestic steel billet price on February 03 - 2/4/2012 6:05:00 AM ET
Billets 150*150 Q235 Location In CNY In USD Shanghai 0 0 Jiangsu 0 0 Shandong -30 -5 Fujian 0 0 Guangdong 0 0 Henan 0 0 Hebei 0 0 Shanxi 0 0 Liaoning -50 -8 Yunnan 0 0 Average -8 -1 Change is on 03rd February as compared to 02nd February 2012 Change is per... |
China auto imports exceeds one million in 2011 - 2/4/2012 6:04:00 AM ET
As indicated in the new report entitled 'China auto import situation in 2011 to 2012 and future development issued by China Automobile Trading Company, China's auto imports in 2011 amounted to over 1 million vehicles, rising by 30.1% YoY. In 2010, Chinese import auto... |
Chinese domestic steel rebar prices movement on February 03 - 2/4/2012 6:03:00 AM ET
Rebar 20mm HRB 400 |
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Handan Steel develops production of TRIP steel - 2/4/2012 6:02:00 AM ET
Chinese steel producer Hebei Iron and Steel Group has announced that its subsidiary Handan Iron and Steel Company (Handan Steel) has successfully produced transformation induced plasticity steel (TRIP) for application in automobile production, thereby expanding its product... |
Chinese steel price index update on February 03 - 2/4/2012 6:01:00 AM ET
The Chinese Long Product Price Index CLPPI went down by 6 points on February 3rd 2012, whereas the Chinese Flat Products Index CFPPI up by 1 point. The overall price index CHISPI down by 2 |
Kuwait crude output near full capacity - 2/4/2012 6:00:00 AM ET
Reuters cited Mr Farouk Al-Zanki CEO of Kuwait Petroleum Corporation as saying that core OPEC Gulf member Kuwait is producing near its full capacity and would find it difficult to increase production or honor requests for additional crude. Mr Al Zanki said that Kuwait... |
Turkey seeks a major role in growth of UAE non oil trade - 2/4/2012 6:00:00 AM ET
Gulf News reported that trade between the UAE and Turkey is expected to more than double by 2015. Representatives of both governments said that trade is expected to increase from the current AED 16.1 billion to about AED 36.7 billion within 3 years with Turkey playing a... |
Shell Oman renews agreement with Arabian Automobile Alliance - 2/4/2012 5:59:00 AM ET
Shell Oman Marketing Company has signed an agreement with Arabian Automobile Alliance for customers of the Shell Gold Fuel Cards at the Shell head office last week. With this renewed agreement, Shell Gold Fuel Card holders can continue to avail of AAA services free of... |
Oman LNG to support OWA in Al Buraimi - 2/4/2012 5:58:00 AM ET
The Omani Women’s Association in Al Buraimi Governorate has become the latest beneficiary of Oman LNG’s far reaching social investment program that is divided into three broad categories: Empowering Communities, Championing Innovation and Investing in People. ... |
Iran accepts 45pct of India oil sales in rupees - Report - 2/4/2012 5:57:00 AM ET
AFP reported that Iran has agreed to be paid 45% of revenue from its Indian oil exports in rupees to be deposited with an Indian bank beyond the reach of new US and European sanctions. As per report, the two countries have chosen UCO Bank, headquartered in the eastern... |
Iran and Oman discuss gas exports - 2/4/2012 5:56:00 AM ET
Iran and Oman discussed on Monday the prospects of exporting Iranian gas to the Persian Gulf Sultanate. Mr Mohammad Reza Rahimi first VP of Iran and Omani Sultan Qaboos bin Said met in Muscat to discuss a possible deal and the bilateral ties that could see Oman’s... |
Saudi and Kuwait may award Hout gas deals in Feb - 2/4/2012 5:55:00 AM ET
Reuters reported that a Kuwaiti and Saudi JV is close to awarding contracts to recover gas from their shared Hout oilfield with US based McDermott International and South Korea's Daewoo Engineering the lowest bidders. Industry sources said that the Al Khafji Joint... |
Iran boosts total value of bonds offered for South Pars gas - 2/4/2012 5:54:00 AM ET
The total value of bonds being issued to finance development of the South Pars gas field has been increased by 27% due to an anticipation of high public demand. Mr Ahmad Qalebani MD of National Iranian Oil Company said that Iran will start offering IRR 11.5 trillion in... |
Senators demand withdrawal of oil and gas price hike - 2/4/2012 5:53:00 AM ET
Legislators belonging to the Pakistan Muslim League N Muttahida Qaumi Movement, Jamaat I Islami, PML, Jamiat Ulema-i-Islam-F and Pakhtunkhwa Milli Awami Party staged a walkout from the Senate against a massive increase in the prices of petroleum products and natural gas. ... |
UAE crude output hit 3 MBPD in Dec 2011 - 2/4/2012 5:52:00 AM ET
Gulf News reported that the UAE's average oil output rose 2.38% in December to 2.58 million barrels per day from a month earlier. International Energy Agency said that OPEC crude oil supply rose by 240,000 barrels per day to an average of 30.89 million barrels per day in... |
Siemen Pakistan s posts profit of PKR 38.45 million - 2/4/2012 5:51:00 AM ET
The Siemens Pakistan Engineering Company Limited has posted a profit after tax of PKR 38.45 million for the quarter ended on December 31st 2011 which is 158% lower than PKR 206.30 earned in the same quarter last year. This translated into an earning per share of PKR 4.66... |
Cement crisis worsens spreading from Jeddah and Madinah - 2/4/2012 5:50:00 AM ET
A cement crisis resulting from illegal trading and a steep hike in prices is spreading from Jeddah and Madinah to other major cities and regions in the Kingdom. In Jeddah a bag of cement now costs over SAR 25 and most dealings take place through middlemen whereas in... |
UAE construction costs set to fall in 2012 - 2/4/2012 5:49:00 AM ET
A new report from construction industry cost tracker MEED Cost Indices has revealed that construction costs in the UAE will fall in 2012 due to the unexpected slowdown in the country's projects market in 2011. MCI forecasts that construction costs in the UAE will fall by... |
Saudis nominate Mr Al Moneef as OPEC chief - 2/4/2012 5:48:00 AM ET
Gulf News reported that Saudi Arabia nominated its Organization of Petroleum Exporting Countries governor Mr Majid Al Moneef as a candidate for secretary general of the oil producer group. Mr Abdullah Al Badri OPEC's current secretary general Libya will end his second 3... |
Turkish steel export value down by 12pct in Jan from Dec - 2/4/2012 5:47:00 AM ET
According to the provisional foreign trade statistics compiled by the Turkish Exporters' Association, in January this year Turkey's steel exports totaled USD 1.26 billion in value increasing by 29.03% YoY and down 11.56% as compared to the previous month. On the other... |
Saudi Arabia steel imports from Turkey quintuple in January - 2/4/2012 5:46:00 AM ET
According to the preliminary statistics provided by Turkey's Steel Exporters' Association, in January this year, Turkish steel exports to Saudi Arabia increased almost by 5 times compared to January 2011. The data show that Turkey's total steel exports to Saudi Arabia in... |
GC steel HDG prices remain flat on February 3 - 2/4/2012 5:45:00 AM ET
GC 100Gms 0.40
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GP steel HDG price update on February 3 - 2/4/2012 5:44:00 AM ET
GP 100Gms 0.40
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CR steel price movement on February 3 - 2/4/2012 5:43:00 AM ET
CR DSK 0.63
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Narrow HR steel plate prices remain flat on February 3 - 2/4/2012 5:42:00 AM ET
PLTS GR A 8x1250 Location Change Chennai 0 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 3rd February as compared to 2nd February 2012 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering... |
TCI bagged Customer & Brand Loyalty Award - 2/4/2012 5:41:00 AM ET
Transport Corporation of India, India’s leading integrated logistics and supply chain solutions provider, won the Customer & Brand Loyalty in the “3PL / Supply Chain Sector” at the glittering AIMIA 5th Loyalty Awards ceremony on February 1st 2012. Mr... |
Steel joist I Beam prices scenario in major places on February 3 - 2/4/2012 5:40:00 AM ET
JSTI GR A 250X125
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Steel light channel price movement on February 3 - 2/4/2012 5:39:00 AM ET
CHNL GR A 75/100
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Steel wire rod price up in Delhi on February 3 - 2/4/2012 5:38:00 AM ET
WRC SWR14 5.5/6 Location Change Chennai 0 Delhi 354 Kanpur 0 Kolkata 0 Raipur 86 Rudrapur 0 Change is on 3rd February as compared to 2nd February 2012 Change is in INR per tonne To know more details on steel prices subscribe to services of... |
Pig iron price update on February 3 - 2/4/2012 5:37:00 AM ET
Pig iron Foundry Grade
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Toyota Kirloskar January sales up by 89pct - 2/4/2012 5:36:00 AM ET
Car maker Toyota Kirloskar Motor reported an 89.34% increase in sales to 17,395 units in January, driven by robust demand for its latest 'Etios' and 'Liva' models. Toyota Kirloskar Motor in a statement said that the company sold 9,187 units in the corresponding month... |
Ford India January sales update - 2/4/2012 5:35:00 AM ET
Ford India, the Indian subsidiary of the American auto major Ford Motor Company, closed last month selling 10,789 units, up from 10,026 units sold in January 2011. Despite an increasingly challenging market, Ford India sold 10,789 wholesale and export units in January,... |
Kobelco Cranes begins commercial output in India - 2/4/2012 5:34:00 AM ET
Kobelco Cranes India Pvt Ltd, part of the Japanese major Kobelco Cranes Co, commenced commercial production of its hydraulic crawler cranes in India from Thursday. Mr Isao Aida president and CEO of the parent company said the INR 100 crore facility that has come up at... |
Hero MotoCorp January sales jump by 11pct - 2/4/2012 5:33:00 AM ET
The country's largest two wheeler maker Hero MotoCorp reported its highest ever sales of 520,272 units for January, 2012, a 11.52% increase vis a vis the corresponding month last year. The company said that it sold 466,524 units in January 2011. Mr Anil Dua senior vice... |
Sponge iron price movement on February 3 - 2/4/2012 5:32:00 AM ET
Sponge iron
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Essar Ports Q3 profit up by five fold - 2/4/2012 5:31:00 AM ET
Essar Ports Limited part of the Essar Group announced its results for the quarter ended December 31st 2011. Financial Results: For the quarter ended December 31st 2011, Essar Ports’ revenue increased to INR 276.78 crore as against INR 190.27 crore, registering an... |
Dr Farooq Abdullah calls for increased lending to renewable energy sector - 2/4/2012 5:29:00 AM ET
Union Minister of New and Renewable Energy, Dr Farooq Abdullah has urged the banking sector to scale up lending to renewable energy projects especially those aimed at providing energy access in remote areas and to disadvantaged rural communities. Speaking at a high level... |
RINL VSP mobile canteen facility inaugurated - 2/4/2012 5:28:00 AM ET
Mr YR Reddy director (personnel) of VSP has inaugurated the Mobile canteen facility to facilitate the Contract employees in large numbers and employees of Visakhapatnam Steel Plant at LP Bay of SMS-2. The mobile canteen services will be available to the people at... |
Patra Narrow HR steel strips price update on February 3 - 2/4/2012 5:27:00 AM ET
Patra |
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Welspun India Q3 net profit surges by 524.67pct - 2/4/2012 5:10:00 AM ET
Welspun India Ltd has announced its financial results for the period ended December 31st 2011. The company has posted net profit of INR 292.66 million for the quarter ended December 31st 2011 as compared to INR 46.85 million for the quarter ended December 31st 2010,... |
Macroeconomic indicators - Indian exports in December grow by 6.7pct - 2/4/2012 5:09:00 AM ET
Export growth continued to be meager as shipments in December 2011 increased by only 6.7% YoY to USD 25 billion, owing to a weak demand in major markets such as the US and Europe. However, this performance was slightly better than the November 2011 showing, when the... |
HR steel price up in Delhi on February 3 - 2/4/2012 5:08:00 AM ET
HRC Tube 2.5x1250
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Pencil ingot price movement in major places on February 3 - 2/4/2012 5:07:00 AM ET
Pencil ingot
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POSCO war zone - Hearing at Green Tribunal on Feb 22 - 2/4/2012 5:06:00 AM ET
BS reported that National Green Tribunal has fixed February 22 for hearing the appeal challenging environmental clearance granted to the POSCO’s mega steel project in Orissa. All the parties related to the case presented their arguments at the NGT. The parties... |
Wide steel plate prices crash at Raipur - 2/4/2012 5:05:00 AM ET
PLTS GR B 12-20x2.5
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SAIL to re invite bids for Greenfield coking coal mine in Jharkhand - 2/4/2012 5:04:00 AM ET
ET reported that Steel Authority of India Limited will again call for quotations from mining contractors to develop a Greenfield coking coal mine in which it hopes to, for the first time, also outsource rehabilitation of local people as part of the mine development program.... |
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