Steel Times International News
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Rio Tinto reports triple profits
Rio Tinto reported a near tripling of annual earnings, rising by $US10bn, due mainly to surging iron ore prices and demand from China.
10 March 2011 -
Liberia ore boost
Russian steelmaker Severstal has estimated a doubling in natural resources at its Putu iron ore project in Liberia, Africa to 2.4bnt.
10 March 2011 -
UK Steel president warns of layered costs
Addressing the biennial Forum of UK Steel in London, the President, Mr Tarlock Singh, warned that Russian, Ukrainian and Chinese steelmakers would be the beneficiaries of the many steel- intensive infrastructure projects proposed in UK if the UK government insists on layering more costs on to UK’s steelmakers.
10 March 2011 -
China ore imports fall 6Mt
China’s iron ore import volume in 2010 decreased for the first time in years to 618.6Mt, and the ratio of dependence on foreign iron ore resources is thought to be at 60%, according to reports from the China NewsBusiness.
10 March 2011 -
Reclaimer contract
Tenova Takraf has signed a contract in Belo Horizonte with VBG joint venture to supply a reclaimer with a nominal capacity of 6000t/h, a design capacity of 7200t/h and a 40 metre-boom.
10 March 2011 -
Nippon in Sumitomo merger plan
Nippon Steel, Japan’s largest steelmaker, is considering a merger with domestic rival Sumitomo Metal Industries next year.
10 March 2011
