Global insight
Krakatau Steel to Finally Start Construction of Hot Strip Mill
[www.ferro-alloys.com]After several delays, state steel maker Krakatau Steel (KS) has finally scheduled the groundbreaking of a US$400 million hot strip mill in Cilegon, Banten, for August. |
China Sends Environmental Teams to Inspect Steel Mill Pollution
[www.ferro-alloys.com] China has ordered special teams to begin inspecting steel mills across the country to see how well they are complying with tough new pollution rules, its environment ministry said on Monday. |
Vale Iron Ore Output Falls in Second Quarter But Still Beats Estimates
Brazil’s Vale (NYSE:VALE), the world’s No.1 iron-ore producer, saw a slight decline in second-quarter output, but still managed to beat beat analysts’ estimates, keeping a new annual production record in sight. |
Mick Davis to overhaul X2 Resources as fund fails to close any mining deal
Mick Davis’ X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, is set to go under major changes after failing to close a single deal since launched in 2013... |
Liaoning Steps in With Rescue Plan for Dongbei Special Steel
[www.ferro-alloys.com]The government of Northeast China's Liaoning Province has submitted a plan to the central government under which a troubled local steel mill would swap 70 percent of its debt into equity, with the banks that extended the loans being conve... |
Solar Imports Dramatically Increase in India
[www.ferro-alloys.com]Indian imports of solar PV cells and modules from outside manufacturers multiplied by more than three times from 2014-2015 to 2015-2016, as the solar industry in the country experiences a radical growth, there are even plans for the count... |
Weak Exchange Rate Cools Off Merafe
Listed ferrochrome producer Merafe Resources expected its basic and headline earnings a share for the six months to June to be between 48 percent and 60 percent lower than in the previous corresponding period, it said yesterday. |
Merafe Resources’ Share Price Drops on Earnings Warning
MERAFE Resources’ share price fell 8.42% to 87c on Tuesday morning after the ferrochrome producer warned shareholders its interim earnings were expected to halve. |
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