Steel Times International News
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Rio Tinto reports record iron ore production
Mining giant Rio Tinto has produced record amounts of iron ore in the September quarter.
14 October 2010 -
Tata Steel’s Living Solutions to cease operations
Tata Steel intends to cease operations at its Living Solutions site at Shotton, North Wales, UK.
12 October 2010 -
Anshan takes 14% share in US project
Steel Development Company, LLC (Steel Development) and Anshan Iron and Steel Group Corporation (Ansteel) executed a Joint Venture Operating Agreement on 15 September along with partners from the United States, Italy, Japan, Germany and Canada.
11 October 2010 -
ArcelorMittal plans $2bn efficiency drive
ArcelorMittal, the world's largest steelmaker, aims to implement a further $2bn of cost cuts by 2012 and will spend $4bn to make it more self-sufficient in iron ore over the next five years.
11 October 2010 -
Chinese crude steel falls in August
According to China’s National Statistics Bureau output of crude steel in August at 51.640Mt was down 1.1% y-o-y. This is the first time that negative y-o-y growth in steel production has been seen in 2010.
11 October 2010 -
Chinese crude steel investment halved in July
Due to an overcapacity status investment in China’s steel production suffered a severe m-o-m fall in July, while mining investment experienced some growth.
11 October 2010
