Iron ore futures open higher

DALIAN, Sept. 11 (Xinhua) — Iron ore futures opened higher Wednesday in daytime trading on the Dalian Commodity Exchange (DCE). The most active iron ore contract for January 2020 delivery gained 4.5 yuan (about 63 U.S. cents) to open at 655.5 yuan per tonne. As the world's largest importer of iron ore, China opened the…

Vietnam opens anti-dumping probe on Chinese steel

Vietnam has initiated anti-dumping investigations on certain carbon steel imports from China following a request by local producers. Local manufacturers Posco Vietnam, China Steel Sumikin and Phu My Flat Steel, all based in the southern province of Ba Ria-Vung Tau, have alleged that certain cold-rolled carbon steel coils and sheets imported from China were being…

Metalloinvest Joins UN International Sustainability Initiative

Metalloinvest has joined the United Nations Global Compact an international initiative centred on corporate sustainability and social responsibility. As a party to the Global Compact, Metalloinvest has undertaken voluntary commitments to comply with the fundamental principles of the UNGC in the fields of human rights, labour relations, environmental protection and the fight against corruption. Metalloinvest…

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…