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Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung city, Central Taiwan, has decided to lift its rebar list prices for the week of June 19-22 but will keep its scrap procurement prices steady for this week, a company official confirmed on June 19.
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BHP has approved the capital expenditure of $2.9 billion to progress its South Flank iron ore project in the central Pilbara, Western Australia, according to an official statement posted on June 14. The project's development fits with China's growing hunger for high-grade iron ore, market sources said.
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Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung city, Central Taiwan, has decided to reduce its rebar list prices for this week but will roll over its scrap procurement prices, a company official confirmed on June 11.
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China Minmetals Corporation, China's biggest metal ore mining company, signed an agreement on June 7 with Australian-British miner Rio Tinto to establish a 50:50 joint venture for mineral exploration, a Minmetals official confirmed on Friday.
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Liaoning provincial authority in Northeast China has halted distributing explosives to all iron ore miners in Benxi and Anshan, major mining areas in Liaoning, over June 6-10 after a terrible explosion killed 11 people at the Sishanling mine in Benxi that is still under construction on June 5, a market source confirmed on Wednesday.
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Chinese stainless steel maker Taiyuan Iron & Steel Group (TISCO) signed a cooperative structure agreement with Xishan Coal Electricity Group (Xishan Group) on June 1 to enhance their cooperation in aluminum, officials from both companies confirmed on June 5.
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Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung city, Central Taiwan, has decided to reduce its scrap procurement price but will keep its rebar list prices stable for the week of June 4-8, a company official confirmed on June 4.
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BHP Billiton Mitsubishi Alliance (BMA), the 50-50 joint venture between BHP Billiton (BHP) and Mitsubishi Development, announced on May 30 that it is selling its Gregory Crinum metallurgical coal complex in eastern Australia to Japan's Sojitz Corporation for A$100 million ($75.8 million).
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The ongoing truck drivers' strike in Brazil may have an adverse impact on the iron ore production and exports of Brazilian steelmaker and miner Companhia Siderúrgica Nacional (CSN), according to a source close to the firm.
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Australian miner Fortescue Metals Group (FMG) has decided to proceed with the Eliwana iron ore mine and rail project in Western Australia's Pilbara region following Board approval, it announced on May 28.
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Feng Hsin Steel, Taiwan's largest rebar producer and headquartered in Taichung city, Central Taiwan, has decided to cut its scrap procurement price for the May 28-June 1 week but will roll over its list prices for rebar, a company official confirmed on May 28.
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World's top miners including Vale, Rio Tinto, and BHP all expressed their commitments to higher-grade iron ore supplies on noting China's greater appetite for such products, according to their officials when presenting at the SGX' Singapore Iron Ore Forum on May 24.
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Jiangsu Shagang Group (Shagang), China's largest EAF mill headquartered in Zhangjiagang city, East China's Jiangsu province, is paying less for its steel scrap procurement with its high inventories on hand.
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Leading Japanese mini-mill Tokyo Steel Manufacturing has decided to keep all domestic steel prices unchanged for June sales, the company announced Monday, explaining that more time is needed for earlier price hikes to penetrate.
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Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung city, Central Taiwan, has decided to roll over its prices for rebar sales and scrap procurement for the week of May 21-25, a company official confirmed on May 21.
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China's power consumption by the secondary industry including heavy and light rose 6.9% on year to 1.42 trillion kWh over January-April, compared with a general 9.3% in the country's total power consumption, indicating that the sector has been growing healthily.
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More Shandong-based steel mills are likely to lift their coke procurement prices again, their fourth increase so far this month, market sources revealed on May 17.
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Feng Hsin Steel, Taiwan's largest rebar producer headquartered in Taichung city, Central Taiwan, has decided to maintain a stable pricing policy for rebar and scrap procurement for the week of May 14-18, a company official confirmed on May 14.
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Alliance Steel (M) Sdn. Bhd, a China-invested steel enterprise in Kuantan on Peninsular Malaysia, put one of its two coke ovens in trial operation from May 8, a company Wechat post has showed.
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Feng Hsin Steel, Taiwan's biggest rebar producer headquartered in Taichung city, Central Taiwan, has decided to lift its rebar and scrap procurement prices after four weeks of roll-over since April 9, by TWD 300/tonne ($10/t) and TWD 200/t respectively for the week of May 7- 11, a company official confirmed on May 8.
