October 2012

Earthstone to build steel plants in Indonesia, Morocco

Iron ore producer Earthstone Group is looking to build steel plants in Indonesia and Morocco, assistant vice president Joshina Kapoor has said.

CHINA STEEL WRAP: Market softens as buying activity slows

China’s spot steel market weakened on Wednesday October 31, after buyers rejected earlier hikes for flat products and steelmakers dropped ex works prices for long products.

Coking coal prices have bottomed, Cokal chairman says

Coking coal prices have bottomed and should become firmer, according to Peter Lynch, executive chairman at Indonesia-focused coking coal miner Cokal.

China’s spot rebar market softens on Hebei Steel’s price cut

China’s spot rebar market weakened on Wednesday October 31 after several steelmakers reduced their ex works prices.

China's spot HRC prices fall as buyers stay out of market

China’s spot hot rolled coil prices retreated on Wednesday October 31 after buyers rejected Tuesday’s price hikes.

BIR: Stainless production to rise in 2012 but less than expected, ELG says

Global stainless steel production will increase in 2012, Michael Wright, the chairman of UK scrap recycler ELG Haniel, told delegates at the Bureau of International Recycling (BIR) conference in Barcelona, Spain, on Tuesday October 30.