Global insight

Armco Metals Holdings, Inc. Receives Notice of Non-Compliance With NYSE MKT Continued Listing Requirements

Frank Smeenk the President and CEO of KWG Resources, one of three leading mining companies vying for opening up the mineral rich but inaccessible track in Northwestern Ontario known as the Ring of Fire, believes in finding solutions to seemingly intractable pr...

Wednesday, April 13, 2016

Rand offsets weaker prices for platinum, chrome producer Tharisa

Weaker dollar platinum group metals (PGMs) and chrome prices in the three months to end March were partially offset by local currency decline which lifted the rand prices, JSE-listed and Cyprus-domiciled Tharisa reported on Thursday.

Wednesday, April 13, 2016

Geochemical mapping of KZN leads to discovery of new target zones

Council for Geoscience (CGS) has carried out a semiregional geochemical survey of the Tugela Terrane, in KwaZulu-Natal, which has resulted in the delineation of several new target areas for follow-up studies and a few geological anomalies near to known mineral...

Wednesday, April 13, 2016

Armco Metals Holdings, Inc. Receives Notice of Non-Compliance With NYSE MKT Continued Listing RequirementsIFM creditors to vote on amended BRP, acquisition price lowered to R520m

Creditors of International Ferro Metals (IFM) will, on March 24, vote on an amended business rescue plan (BRP) for subsidiary IFM South Africa (IFMSA), with the BRP outlining a decrease in the purchase price payable by Samancor Chrome to an estimated R520-mill...

Wednesday, April 13, 2016

Japan’s steel demand is expected to continue to decline in Q2

According to the Japan Economic and Industry forecasting, in the 2nd quarter of this year, Japan's crude steel output is expected to fall by 2.4% year on year, decline by 2.7% month on month to 25.24 million tons. Among them: Japan’s ordinary steel demand ...

Tuesday, April 12, 2016

United Kingdom industrial output continues to drop in February, steel workers will face jobs cut

United Kingdom industrial production unexpectedly fell in February, means that the industrial sector may face economic downturn in the 1st quarter of this year. United Kingdom national statistics data released recently showed that United Kingdom industrial ...

Tuesday, April 12, 2016

Turkish local pipe market demand remains steady

Last week, Turkish pipe market demand fell further. Market participants pointed out that Turkish domestic pipe market prices increased in the past two weeks, due to the hot-rolled coil prices increase of US$35/ton, but prices remained stable last week. Alt...

Tuesday, April 12, 2016

Italy Ilva plans to complete asset sales before the end of June

Italy group Gilva iron and steel company (Ilva) plans to sell its Maghreb Services Center in Tunisia and Tunisacier mills. Maghreb produces 22,000 tons of steel plate per year and Tunisacier mill produces 200,000 tons of galvanized sheet per year. Italy gov...

Tuesday, April 12, 2016
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