Highlights Comments
Iron ore pellet production to be all-time high in FY24
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Iron ore pellet production is likely to reach an all-time high in FY24 supported by strong domestic demand and pick up in exports. |
India's Tata Steel to spend $1.2 billion annually to create 1-2 million mt new capacity each year
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India's Tata Steel Limited will invest an estimated $1.2 billion every year to increase its steelmaking capacity by 1-2 million mt per year to maintain its market share |
Australia's Strike Resources to divest Paulsens East iron ore mine, advance iron ore project in Peru
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Strike Resources plans to use a part of proceeds of the sale to fully repay its US$7.2 million loan owed to Australia-based Good Importing International |
Simandou build expected to start in 2024 after almost 30 years of setbacks
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Rio Tinto expects to begin infrastructure work on the massive Simandou iron ore project in Guinea this year following almost three decades of setbacks and scandals. |
Canada's Algoma Steel Foresees a Drop in Steel Shipments
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Algoma Steel, a prominent steel producer based in Canada, has outlined its projections for the third quarter (October-December) of the financial year 2023-24. |
HORIZON POWER VANADIUM FLOW BATTERY ARRIVES IN WA
HORIZON POWER VANADIUM FLOW BATTERY ARRIVES IN WA |
FG and Chinese Firm Collaborate to Breathe New Life into Nigeria's Steel Industry
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The Federal Government of Nigeria has embarked on discussions with Luan Steel Holding Group |
Green steel investment in Riesa
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Feralpi Group intends to invest over 220 million euros in decarbonization over the next few years to focus on green steel production at its Riesa facility, generating around 900 industrial jobs. |
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