Iron and Steel - OMAN -
MISCO steel plant in Oman to become operational in 2015
Last Update: 12/12/2013 23:37:35
Muscat Daily - The UAE’s Moon Iron and Steel Company (MISCO) has announced that its billet manufacturing and rebars production facility in Oman is expected to become operational in 2015
According to Muscat Daily, the steel manufacturer has signed an agreement with Bank Sohar to help it procure a syndicate loan of US$270mn for the facility.
Bank Sohar would partly finance the project and approach local instit [More...]
Iron and Steel - Australia -
Rio Tinto Goes Ahead With $400m Iron Ore Expansion
Last Update: 29/11/2013 20:10:01
Mining - Mining giant Rio Tinto announced Thursday it will invest $400 million to expand Australian iron ore mines in the Pilbara region, home to the world’s largest known reserves of the steel making material.
The move will allow the world’s second biggest mine [More...]
Iron and Steel - World -
"Developing Markets" Steel Price Market Roundup From Meps
Last Update: 26/11/2013 20:07:00
MEPS - The Brazilian steel industry remains upbeat over the general outlook for 2014. State-funded infrastructure projects and social housing developments are expected to play a prominent role in proceedings. The outlook for demand in the Russian Federation is unchanged. Local steelmakers are under pressure to reduce production targets into line with steel consumption rates. The distribution chain plans to persevere with conservative inventory lev [More...]
Aluminium - UAE -
Mubadala and DUBAL agree development approach for Guinea Alumina Corporation
Last Update: 25/11/2013 21:25:18
WAM - The Republic of Guinea, which has embarked on a new phase of its economic transformation with support from substantial foreign direct investment, today signed an agreement with Guinea Alumina Corporation (GAC), a joint-venture company owned by Mubadala Development Company and Dubai Aluminium (D [More...]
Iron and Steel - China -
Iron Ore Price Lifted By Strong Chinese Steel Growth
Last Update: 20/11/2013 21:04:22
Mining - Global steel production rose 6.6% in October compared to output a year ago, with China again setting the pace for overall output. Steel production is a key indicator of activity in global industry and iron ore, the key steelmaking ingredient, is the second most traded commodity around the world behind crude oil.