May 2011

Jindal Shadeed inaugurates 1.5 million HBI plant in Oman

Oman’s Jindal Shadeed inaugurated its 1.5 million tpy hot briquette iron (HBI) plant on May 30

India’s SFIO seeks to prosecute Sesa Goa for alleged financial irregularities

India's Serious Fraud Investigation Office (SFIO), under the administrative control of India’s ministry of corporate affairs, has recommended prosecution of Vedanta Resources group company Sesa Goa, alleging that the company has indulged in under-invoicing and over-invoicing of exports and imports.

Japanese investors reach deal to offload Comsigua stake

Kobe Steel and four other Japanese investors have reached an agreement with the Venezualan government to offload their stake in Complejo Siderúrgico de Guayana, C.A. (Comsigua) to state-owned Corporación Venezolana de Guayana

Midrex eyes China as next big DR market

Midrex is targeting China as the next big market for its coal-based MXCOL direct reduction technology amid an expansion of mini-mills in the country and tighter environmental standards

SEAISI CONF: Kobe Steel moves site for Vietnam nugget plant

Kobe Steel plans to start construction of its iron nugget plant in Vietnam in 2012 instead of 2011 after switching location to more appropriate land

European pig iron import prices hold steady

CIS-origin basic pig iron delivered into European ports was steady this week, with distributors and producers expecting prices to hold at current levels or increase over the next two weeks. While sentiment was strong, many said the market was fairly quiet and that there was little or no increase in demand.

Venezuelan HBI output and sales slump 30% in 2010

Venezuelan hot briquetted iron (HBI) output and sales slumped nearly 30% last year to 1.99 million tonnes from 2.83 million tonnes in 2009, according to the International Iron Metallics Asson (IIMA). Two plants of Metalloinvest’s JSC Lebedinsky GOK in Russia produced and sold more than 2.2 million tonnes of HBI in 2010, up from around 2.16 million tonnes the previous year, the association said.

Varun will build $470 million pig iron plant in Karnataka

Indian steel manufacturer Varun Industries will invest Rs18.2 billion ($407 million) in a new pig iron plant in Karnataka over the next five years, the company said on Tuesday.

MB Daily PDF, May 9 2001

Due to technical difficulties, the Metal Bulletin Daily PDF cannot be accessed in the normal way. Please click on the photo to reach the document.

MB Weekly PDF May 9, 2011

Due to a technical difficulties, the Metal Bulletin Daily PDF cannot be accessed in the normal way. Please click on the image below to reach the document.