Rio Tinto and Baowu Steel to invest $2 billion in iron ore mine
Global mining group Rio Tinto and China’s Baowu Steel have agreed to invest $2 billion in a new iron ore mine in Pilbara.
Source: steeltimesint.com
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thyssenkrupp to invest €2 billion constructing Germany's largest DRI…
Thyssenkrupp, the German multinational conglomerate, has announced plans to invest over €2 billion for the construction of Germany’s largest direct…
Nordrhein Westfalen Bernhard Osburg Martina Merz Steel Europe Steel Magazine Steel Times International
Source: steeltimesint.com
Sustainable steelmaker Gravity announces company CEO
GravitHy, a sustainable iron and steel company, with its first plant located in Fos-sur-Mer, Southern France, has announced the appointment of José…
Source: steeltimesint.com
Meanwhile in the EU: ADX Energy is a month out from Anshof-3 oil production
Meanwhile in the EU: ADX Energy is a month out from Anshof-3 oil production
Source: stockhead.com.au
ArcelorMittal closing Bremen furnace, citing 'soaring' gas costs
ArcelorMittal has announced that it will switch off one of two furnaces at its steelworks in the German city of Bremen until further notice from…
Reiner Blaschek Arcelormittal Germany Wall Street Steel Magazine Steel Times International Blast Furnaces
Source: steeltimesint.com
Iron ore price drop furthers crisis for China's steel industry
Iron ore dropped below $100 a ton for the first time in over five weeks, showing signs that the crisis in China’s steel industry is worsening.
Angang Steel Co Minmetals Futures Angang Steel Daniel Hynes New Zealand Banking Group Bloomberg United
Source: steeltimesint.com
H2 Green Steel secures $189.4m investment for Sweden steel plant
H2 Green Steel has received $189.4m in a funding round to enable the construction of a fossil fuel-free steel plant in Boden, Northern Sweden.
Henrik Henriksson Cristina Stenbeck Altor Fund Swedbank Robur Alternative Equity Steel Magazine Steel Times International
Source: steeltimesint.com
South Africa proposes temporary scrap-metal export ban
Members of the South African Iron and Steel Institute (SAISI) have come out in full support of the proposed six-month ban on the export of scrap metal…
Source: steeltimesint.com
UK to face 25% tariff on steel sold to Northern Ireland
According to a report in UK newspaper the Financial Times, British steel producers will have to pay a 25% tariff to sell certain construction products…
Source: steeltimesint.com
Australian coal producer to invest $169.1m in mining expansion
Australian metallurgical coal producer Coronado Global Resources has unveiled plans to invest $169.1m to expand coal mining operations at its Buchanan…
United States Glenn Youngkin Gerry Spindler Commonwealth Opportunity Fund Coronado Global Resources Buchanan Mine Complex
Source: steeltimesint.com