Donghai Steel to build EAF mill in South China

Donghai Steel Group in Tangshan city in North China’s Hebei province, is planning to build a new 4 million tonne/year electric arc furnace-based steel mill in South China’s Guangdong province, a company official confirmed on Tuesday. Donghai Steel will invest some Yuan 6 billion ($843 million) to build the new steelworks, which will cover an…

INTERVIEW: Vietnam best bet for nickel production after Indonesia ore ban – Blackstone CEO

Australian multi-metal miner Blackstone Minerals considers Vietnam a reliable and equitable jurisdiction for nickel production and export once the Indonesian ore export ban comes into effect in January 2020, chief executive officer Scott Williamson told Fastmarkets last week. With estimated refined production capacity of 10,000 tonnes per year, the company plans to develop its newly-acquired…

ED Attaches SPS Steel Assets in Bank Fraud Case

Business Line reported that Enforcement Directorate has attached assets worth INR92 crore of SPS Steel Rolling Mills and others under Prevention of Money Laundering Act, 2002 in a bank fraud case. The attached assets consist of shares of an entity owning five-star hotel, three luxurious apartments, an office building and 0.33 acres of land. ED…

ASIAN NICKEL CONF: Philippines unlikely to fill nickel ore supply gap arising from Indonesia’s export ban, participants say

Among the hotly debated topics at Fastmarkets’ seventh annual Asian Nickel Conference in Jakarta, Indonesia, this week was whether or not increased nickel ore shipments from the Philippines would be able to offset the supply gap that will arise once Indonesia halts exports of the material from next year. The majority of conference delegates were…

Ukraine: Mariupol Ilyich and Azovstal pass SASO audit

Mariupol Ilyich Iron and Steel Works and Azovstal have successfully passed the SASO certification audits necessary to continue exporting metal to Saudi Arabia. The audit showed that the companies were controlling the quality when fulfilling orders. The SGS Ukraine representatives inspected the steel manufacture, as well as documents to produce metal and make samples. Metinvest…