December 2012

Sundance's Mbalam iron ore mine sees resource boosted by 24%

West African miner Sundance has boosted reserves at its Mbalam iron ore project on the border of Cameroon and the Republic of Congo, the miner said in a stock exchange filing on December 24.

East Coast shares start trading on AIM

Shares in Ukraine-focused metallurgical coal miner East Coal have started trading on London's Alternative Investment Market (AIM), the miner said in a statement on Friday December 28.

MILLING ABOUT: Outokumpu announces board changes following Inoxum merger

Stainless steel company Outokumpu has announced board changes as part of the completion of its merger with ThyssenKrupp’s Inoxum, the company said on Friday December 28.

Outokumpu to reduce capacity as part of Inoxum merger

Finnish stainless steelmaker Outokumpu will reduce its capacity following the completion of its merger with ThyssenKrupp’s Inoxum, the company said on Friday December 28.

Turkish long steel prices advance on costlier scrap

Turkish long steel prices have continued to increase on the back of strengthening imported scrap prices.

Turkish mills book more scrap from the USA

Turkish mills have booked two scrap cargoes from US sources.

Merged Outokumpu-Inoxum to begin operations on Dec 29

The merger between ThyssenKrupp’s stainless steel subsidiary Inoxum and Finnish stainless producer Outokumpu has been completed, both companies confirmed on Friday December 28.

IRON ORE DERIVATIVES WRAP: OTC prices edge back up

The iron ore swaps market saw prices edge back up on Friday December 28, after the physical market hit a seven-month high.

Outokumpu to reduce capacity as part of Inoxum merger

Finnish stainless steelmaker Outokumpu will reduce its capacity following the completion of its merger with ThyssenKrupp’s Inoxum, the company said on Friday December 28.