Steel Information

Canadian mining company announced that the mainland with South African Standard Bank Group of major international investment bank branch of Standard Bank and the Industrial and Commercial Bank of China jointly, with a thank-door loans to development projects and total debt commitment coordinator.
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Comprehensive foreign August 26 report: Russian aluminum output is expected to grow by 68-69%, copper production increased 66-67 percent of nickel production growth 13-14%. To achieve this innovation and development in the area of the total investment of about 7800 to 910 billion rubles, which means an average annual investment of 550 to 65 billion.
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Comprehensive Vietnam "young" and "labor" on August 26, August 25 Vietnamese Prime Minister Nguyen Tan Dung visits to Lao Cai Province. Inspection, Nguyen pointed out that the Lao Cai Province in the next few years to vigorously develop the mineral industry, phosphate mining capacity will be increased to 4 million tons / year; your sand (QuiSa) iron ore mining capacity to 1 million tons / year of copper Processing output from 10,000 tons to 20,000 tons / year. Firm limits and not to export ore.
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India's Tata Motors originally planned construction in West Bengal, the world's production of cheap cars NANO the Tata company, recently faced with a lot of pressure, local farmers accusing them of occupation of cultivated land.
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India, "Economic Times" reported on the 25th, in order to increase domestic market supply and curb exports, the Government of India to the hot and cold rolling mill, including the flat steel products-15 per cent of the levy export tax. According to reports, the Indian Ministry of Finance has developed a specific programme of tax and allowed the passage of the Indian Cabinet Committee officially announced.
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Global mining giant BHP Billiton CEO on August 18 that iron ore prices set the benchmark system will collapse.

BHP Billiton CEO of high-Ruisi (Marius Klopppers) that will not be the traditional base of the iron ore sign any more agreements, on the contrary to the new higher price index to replace the spot market. He said that BHP Billiton is the major iron ore suppliers, and from the size and the number of market participants, the iron ore spot market has grown with copper and aluminum, like the size of the market. BHP Billiton has been the use of OTC (over-the-counter) as the benchmark contract system. He believes that such a system can provide more clearly the market standard.
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Market analysts said that once the summer after the resumption of the Middle East construction, materials used in construction of the recent price drop from about 30 percent after the rebound in global economic growth Quruo but would limit the rate of recovery, that is not a new high.
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Japan ferrosilicon on the spot market, prices continued to move up the Si-Mn, taking into account the Beijing Olympics in August may ferrosilicon, Si-Mn the negative impact of procurement, many Japanese traders are being actively procurement to meet their production needs.
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Goldman Sachs said that the semi-finished steel in April to promote the United States on steel imports by 14.5 percent, the bank that import data is still a healthy, sustained high price of steel is steel stocks move up the main catalyst.
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From Saudi business sector sources said the international steel market impact of rising raw material prices, the Saudi various types of steel product prices again rose an average of 85 U.S. dollars per ton. 12 mm Plate 1,332 U.S. dollars per ton, 14 mm Plate 1,327 U.S. dollars per ton, 16 mm Plate 1,324 U.S. dollars per ton.
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