High iron-ore price unsustainable in long term - CRU

The high iron-ore prices achieved during recent times would prove unsustainable in the long run, consulting firm CRU told the Global Iron Ore and Steel Conference, in Perth. CRU’s steelmaking and raw materials consultant Laura Brooks told...

Company Announcement: TSI launches new HRC index for ASEAN imports

The Steel Index is pleased to announce the launch of a new hot rolled coil index for ASEAN imports.

Two-thirds of SA's platinum sector risks running losses – RBC

Barring a big uptick in platinum-group metal prices or better production performance from miners, a 10% rise in costs could leave over two-thirds of the sector operating in the red, RBC Capital Markets analyst Leon Esterhuizen said on Wednesday....

Kumba dismisses ‘developmental’ steel price thesis, government unmoved

South African miner Kumba Iron Ore states that 14 000 new jobs could be created through the doubling of current output of the steelmaking material and the further development of three mining hubs to supply the domestic and export markets – the...

Mittal's SA unit warns of possible coking coal fallout from Queensland floods

South Africa’s largest steel producer ArcelorMittal South Africa (Mittal) – which is currently ramping up production following the summer holiday slowdown, as well as following unplanned operational setbacks at Vanderbijlpark and Newcastle in...

Western Coal sees demand softening in Q3, shares drop

Western Coal Corp reported a six-fold growth in first-quarter profit, but expects weaker demand from steelmakers to hurt metallurgical coal sales in the third quarter, sending its shares down as much as 4 percent. The company said steel prices...

Kumba iron-ore dispute resolution process has begun – ArcelorMittal

The dispute resolution process with Kumba Iron Ore (KIO) had begun, ArcelorMittal South Africa (AMSA) CEO Nonkululeko Nyembezi-Heita said on Tuesday. As Nyembezi-Heita was telling a media conference that it could be taken as read that AMSA would...

SIOC reportedly not the lone applicant for ‘lost' Sishen right

The Sishen Iron Ore Company (SIOC) is reportedly not the only mining company to have applied to the Department of Mineral Resources (DMR) for the 21,4% undivided share of the Sishen iron-ore mine, which has reportedly been forfeited by JSE-listed...

SA steel group confirms two-month iron-ore inventory, rolls over prices into March

Embattled South African steel producer ArcelorMittal South Africa, which requested the JSE to suspend trading in its shares until Wednesday after Sishen Iron Ore Company (SIOC) "cancelled" a favourable supply deal, has confirmed with Mining Weekly...

SA government to seek urgent iron-ore clarity from Kumba, Mittal and Anglo

Trade and Industry Minister Dr Rob Davies will seek urgent meetings with Kumba Iron Ore (KIO), Anglo American (KIO's majority shareholder) and ArcelorMittal South Africa to discuss the reasons for, as well as the implications of, KIO's...

ArcelorMittal SA to increase prices again in August, despite rand strength

South Africa’s largest steel producer ArcelorMittal South Africa would raise domestic selling prices for the second month on the trot as from August 1, 2009, despite sustained rand strength. In May, the JSE-listed group announced that prices...

SA court sends landmark excessive-pricing ruling back to Competition Tribunal

Lawyers for gold-miner Harmony, which referred the complaint of excessive pricing against ArcelorMittal South Africa to the Competition Tribunal in 2004, expressed disappointment on Friday with the Competition Appeal Court's decision to uphold the...