Month: October 2013

Carajas project annual output of 109 million tons at present, it is the world’s largest iron ore project, which is expected to reach full capacity of production in 2018 and reach 230 million tons. Exploitation of their planning period is 40 years, extraction volume is expected to reach 4 billion tons, the future will continue…

Metallurgical industry is the basic sector of Russian industry. In 2011, the Russian metallurgical industry employment was nearly 1.3 million, 80% of enterprises are belonged to urban construction fields. Look from the production, metallurgical industry (ferrous and nonferrous) output in Russia’s GDP accounted for 9%, exports accounted for 11.6%, industrial sector accounted for 5% of…

China’s steel exports in August created a new high in nearly three years, in September suffered a dump, total exports fell sharply. EU and emerging economies export situation of uncertainty and accelerate the appreciation of the RMB is the main reason about China’s steel exports decline. According to customs statistics, September China’s steel exports were…

In the current vigorously promote energy conservation and recycling economic situation, increase scrap application level is imperative, however, for requiring high-yielding of domestic enterprises, this is also greater difficulties. Therefore, to change the status of low utilization of scrap, it still needs a long process. At present, China’s steel industry transformation and upgrading of the…

Russian steelmaker Severstal has announced it quitted from the Indian joint venture plant project, which result to the future direction of the project is unknown. Severstal Group is already the third foreign-funded enterprises quit India steel construction projects this year. Earlier, South Korea’s POSCO abandoned Karnataka construction plans because land acquisition problem. The ArcelorMittal because…

South Korea’s second-largest steel manufacturer Hyundai Steel has said, they were planning merger with Hyundai Hysco to take over the latter’s core rolled and coated sheets business, which intended to reduce financial costs and improve profitability. Hyundai Steel is expected to complete the merger in December 31 of this year, Hysco will hold Shareholders’ meeting…

Recently Worldsteel released this year of global steel short-term demand prospect, expected global steel consumption increase 3.1%, reached 1.475 billion tons, 2014 will increase 3.3 %, reaching 1.523 billion tons. Hans Jurgen Kerkhoff, who is responsible for economic research in Worldsteel said, the main risk of the global economy is euro zone debt crisis and…

ASEAN market demand for steel strong, but due to the local iron and steel industry is weak, the ASEAN countries mainly rely on imports to meet demand of steel. 2012, ASEAN surpass South Korea to become China’s largest steel exporter. 2013 January-July Chinese steel exports to ASEAN situation Latest Customs statistics show, 2013 January-July, China’s…

World iron ore trade formed by Australia, Brazil, India to China, Japan, the EU etc. countries and regions of transportation pattern. Japan, South Korea, Britain, Italy etc. major steel producing countries completely depend on imports of iron ore; China due to the scale of steel production more than its own iron ore resources offer, which…