In a meeting with top state government officials, JSPL Chairman Naveen Jindal emphasised the need to give preference in iron ore auction to companies which have already invested in Odisha Jindal Steel and Power Ltd (JSPL) Chairman Naveen Jindal on Saturday sought steps to provide raw material security and to reserve iron ore mines for…
Seaborne iron ore prices rose strongly above $90 per tonne cfr China on Monday September 9, reflecting gains in the futures and steel markets after the Chinese government boosted liquidity in the commercial banking sector. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $92.97 per tonne, up $3.92 per tonne. 62% Fe Pilbara Blend fines,…
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis data, the American Iron and Steel Institute reported that steel import permit applications for the month of August totaled 2,134,000 net tons. This was a 40.8% decrease from the 3,606,000 permit tons recorded in July and a 29.6% decrease from the July final…
Singapore — India's crude steel production fell in August to 8.99 million mt, down 2.3% from 9.20 million mt a year ago, provisional data released late Friday by the Joint Plant Committee showed. Apparent steel consumption in August was 8.61 million mt, up 1.7% from 8.47 million mt the year before.Hot metal production in August…
The three-month aluminium price on the London Metal Exchange was higher during morning trading on Monday September 9, with a 0.6% gain against continued outflows in LME stocks, while spread tightness in nickel futures has been a key factor in reduced buying. The light metal’s three-month price began the day trading at around $1,777.50 per…
Nucor Corporation announced that Mr John J Ferriola 67 will retire as Chairman and Chief Executive Officer on December 31, 2019 and that the Board of Directors elected Mr Leon J Topalian, 51, to be President and Chief Operating Officer, effective September 5, 2019, and to succeed Mr. Ferriola as CEO on January 1, 2020,…
Base metals prices on the Shanghai Futures Exchange were broadly down during morning trading on Monday September 9 with weak data from the United States and China last week weighing on the complex. US job growth slowed more than expected in August, with data released on Friday showing total non-farm employment rising by 130,000 –…
As of September 1, the Beltrame Group has appointed Mr Alain Creteur as the new Managing Director of Stahl Gerlafingen. He takes over all offices and functions of René Bollier. He has led Stahl Gerlafingen interim for the past 18 months as Managing Director. Mr Alain Creteur is 49 years old, of Italian-Belgian descent and…
