News List
Turkish steelmaker Tosyali plans global expansion, chairman says
Turkish steelmaker Tosyali Holding plans to invest $1.5-2.0 billion a year in a global expansion drive involving Africa and Saudi Arabia, as well as potential acquisitions and partnerships in Europe and the Americas, its chairman told Reuters. One of Turkey’s top steel makers with expected turnover of $10 billion this year, Tosyali plans to…
Global Commoditis Rate May 2024
Aluminum: $2,631.50 a tonne , down $US17.50 (-0.66%) Zinc metal: $3,043.50 a tonne , down $21.50 (-0.70%) Gold: $2,374.70 an ounce , down $18.20 (-0.76%) WTI crude: $77.03 per barrel , down $0.54 (-0.70%) Brent oil: $81.44 a barrel, down $0.46 (-0.56%) Copper: $US10,373.50 a tonne, down $US35.50 (-0.34%)…
Environmental activists sue Norway over seabed mineral plan
Environmental campaigners have filed a lawsuit at an Oslo court challenging Norway’s plan for seabed mineral exploration, citing insufficient impact assessment of the mining, the World Wide Fund for Nature (WWF) and its lawyer said on Friday. Norway’s parliament in January approved a proposal to open a vast ocean area larger than Britain for…
Inspections show British Steel’s Zinoco prevents corrosion on railway lines
A rail coating devised by experts at British Steel to prevent corrosion on railway lines is proving effective as demonstrated in recent inspections. In one particular case in the north of England, corrosion-resistant Zinoco® has been used to protect rails in a highly corrosive environment. And the early results make extremely encouraging reading. Over…
Maximising scrap use helps reduce CO2 emissions
Scrap is a term used to describe steel that has reached the end of its useful life, known as ‘post-consumer scrap’ or has been generated during the manufacture of steel products, known as ‘pre-consumer scrap’. While the term ‘scrap’ may lead one to believe this is a waste product, it is actually a valuable…
Germany has developed a concept of the green industry market
One of the tools to increase demand for green materials is public procurement Germany’s Federal Ministry for Economic Affairs and Climate Protection has presented its concept for creating a market for environmentally friendly products as the country seeks to become carbon-neutral by 2045 and looks for ways to reduce emissions in the steel, cement…
Monthly iron ore production rises 38% yr/yr
Iron ore production by Iran’s major mining companies increased by 38 percent in the first month of the current Iranian calendar year (March 19-April 19) compared to the same month in the previous year. Based on the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), the country’s 14…
Steel Wire Rod Prices Escalate in Germany Amidst Falling China and Stable USA
By the conclusion of the week ending on May 10th in the USA, Steel Wire Rod prices remained stable, with no significant fluctuations observed. Meanwhile, in the German domestic market, Steel Wire Rod prices rose, accompanied by a notable increase in shipping expenses from China/East Asia to Northern Europe. However, concerns emerged over the…
BHP shares hit 3-month high as deadline for formal Anglo bid looms
Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43 billion takeover proposal. The world’s largest listed miner’s shares are benefiting from good news including fresh stimulus for China’s property…
Domestic production of mining equipment saves Iran $838m in a year
Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and its subsidiaries have managed to indigenize the knowledge for the production of $838 million worth of mining equipment and machinery in the previous Iranian calendar year (ended on March 19). According to Hassan Younesian, who is an advisor to the IMIDRO head, the…
