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2019 - 09 - 11
European Union countries have backed a scheme to limit imports of steel into the bloc following U.S. President Donald Trump’s imposition of tariffs on steel and aluminium entering the United States, the European Commission said on Wednesday.It means that all steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S.The bloc had already imposed “safeguard” measures on a provisional basis on imports of 23 steel product types in July, with an expiry d...
2019 - 09 - 04
Chinese iron ore futures hit their lowest in more than three weeks on Tuesday following news that Brazil’s average daily exports of the steel-making raw material this month outpaced shipments a year earlier, despite last month’s mine disaster.The Chinese ferrous market, however, ended a volatile session with construction steel rebar extending its rise into a fourth session, as optimism over a possible trade deal between Beijing and Washington waned.The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange ended down 3.2 percent at 593.5 yuan ($88.60) a ton, having fal...
2019 - 08 - 26
Harsco Corporation announced today that its Metals & Minerals division has signed a $247 million contract with HBIS Laoting Steel, a subsidiary of the HBIS Group and one of the leading steel producers in China. The 15-year agreement further expands Harsco’s partnership with HBIS; the Company has provided steel mill services to Tangshan Steel Group – another HBIS subsidiary – for more than a decade.Under the expanded agreement, Harsco will deliver a suite of onsite mill services, including under furnace cleaning; slag transport and metal recovery; scrap and tundish cutting; and desulph and ...
2019 - 08 - 23
Tokyo Steel Manufacturing Co Ltd , Japan’s top electric-arc furnace steelmaker, said on Monday it would keep its steel product prices unchanged in April amid soft overseas prices and slower local demand due to a shortage of labour and some materials.This is the fourth straight month the company kept prices unchanged for all of its steel products, including its main H-shaped beams.For April, prices of steel bars, including rebar, will remain at 69,000 yen ($619) a tonne, while H-shaped beams will also stay at 89,000 yen ($798) a tonne.“Overseas steel markets, which plunged late last year, seem ...
2019 - 08 - 20
Small Australian copper producer Aeris Resources Ltd on Wednesday said it had offered to buy global trader and miner Glencore’s CSA copper mine in the state of New South Wales for $575 million.Aeris said in a statement that negotiations to buy the mine in Cobar were at a late stage, with the offer comprising $525 million in cash, $50 million in Aeris shares and a royalty payable to Glencore.A spokesman for Glencore declined to comment.The Queensland-headquartered Aeris, with a market value of A$78 million ($55.19 million), said the acquisition could be funded through a combination of debt, an ...
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