TISCO raises stainless export prices
China's Taiyuan Iron & Steel Group has increased the export prices of its stainless steel products for the South Korean market. The cost of 304 series stainless steel has increased by USD 50 per tonne and the cost of 430 series cold rolled stainless steel has increased by USD 30 per tonne.
Cliffs Natural gets approval acquisition
The Minister of Industry has approved Cliffs Natural Resources proposed acquisition of Consolidated Thompson Iron Mines Limited, under the Investment Canada Act. The acquisition was approved on the basis that the transaction will likely be a net benefit to Canada. The Chinese Ministry of Commerce's (MOFCOM) approval is also necessary to proceed with the closing of the acquisition
SAIL receives SCOPE meritorious award
Steel Authority of India Limited (SAIL) has received the SCOPE Meritorious Award for Environmental Excellence & Sustainable Development for 2009-10. CS Verma received the award and accompanying scroll of honour at a function held at Vigyan Bhawan. Verma also received the Certificate of Maharatna Status for SAIL. The company’s environmental efforts have resulted in reduced air emissions, decreased to 1.12kg per tonne of crude steel in FY ’11, a reduction of 55%.
Turkey’s pipelines: where energy and politics meet
Check out James Chater's well-researched review of the pipeline sector in Turkey.
Siemens starts up second COREX C 3000
Siemens has started up its second COREX C 3000 Module 02, installed with a production capacity of 1.5 million tns of hot metal per year, at the steelworks of Shanghai Baosteel Pudong Iron and Steel Co Limited in Luojing. The company's decision to install a second COREX plant coincides with the company's commitment to cost effective and environmentally friendly iron production that meets the emission regulations enforced imposed by the Shanghai municipal government. Siemens VAI provided the complete process technology, and engineered and supplied key equipment and components for the COREX module.