China blocks Valemaxe iron ore superships
Tweet Vale’s attempts to break the grip Rio Tinto and BHP Billiton have on the supply of iron ore to China has been dealt a blow by a ruling from…
Vale’s new iron ore maxi-ship to break BHP’s iron ore grip on Asia
Tweet The second of Vale’s iron ore super ships, or Valemaxes as they are being called, has set sale from Brazil for Asia in an attempt to break the grip…
Vietnam successfully replaces lost steel sales at home with exports
Tweet Vietnam’s earnings from 2 million tonnes of steel exports will top US$1.8 billion this year, Vietnam Steel Association (VSA) said Tuesday. According to VSA, the results were attributed to…
Baosteel’s new prices suggest steel market is rebounding
Tweet Surprisingly Baosteel’s latest prices for January show no change, and that’s big news in a market that has seen falling prices due to slowing construction. Some of its prices…
Old Chinese cement plants to be closed to reduce environmental impact
Tweet The Chinese Ministry of Industry and Information Technology (MIIT) said Tuesday that the country is aiming to eliminate 250 million tonnes of the cement industry’s outdated production capacity in the…
China’s demand for crude steel rising
Tweet Crude steel consumption in China is set to surpass the 750 million ton mark by 2015. According to a 5-year plan released by the industry ministry, the increase in…
China wants to release the iron grip of the BHP Billiton, Rio Tinto and Vale
Tweet The chinese steel industry is planning to release itself from the grip of the world’s top 3 iron ore suppliers by self-sourcing 45% of the country’s iron ore needs…
