Scrap Metal Prices

CME METAL Prices  

SHFE METAL Prices

Scrap Metal Prices & Recycling News
olympus-ims.com
oxford-instruments.com
ArcelorMittal expects to increase total iron ore production to 100 mmt by 2015
Lead poisoning rampant in India battery recycling
India increases flat steel import duty from 5% to 7.5% for 2012-13

ArcelorMittal expects to increase total iron ore production to 100 mmt by 2015

By (ScrapMonster Author)
March 19, 2012 07:55:47 AM
ArcelorMittal SA (Euronext: MT, NYSE: MT, BMAD: MTS, LuxSE: MT), the largest steel producing company in the world, expects to increase its total iron ore production to 100 million metric tons (mmt) a year by 2015, an increase from 54 million tons produced a year ago.

LONDON (Scrap Monster): ArcelorMittal SA (Euronext: MT, NYSE: MT, BMAD: MTS, LuxSE: MT), the largest steel producing company in the world, expects to increase its total iron ore production to 100 million metric tons (mmt) a year by 2015, an increase from 54 million tons produced a year ago.

The company will continue to enhance its iron ore production. The company plans to raise its iron ore output by 65% to 7.1 million metric tons in 2013 form the current 4.3 million tons, aiming to enhance its self-sufficiency of raw material.

According to the reports, the steel giant will invest $125 million to expand production at the Andrade and SerraAzul mines in Minas Gerais. The production will not only be supplied to its steel plants in Brazil but also to be sold to the other steel mills.

Besides, a part of the production will be used in exports and the steel giant plans to export 800,000 tons of iron ore in the first half of 2012.

ArcelorMittal is the world’s leading steel and mining company with operations in 60 countries.

Also Read:
Start a discussion or add a comment
360
May 25th 2016
The Gulf Cooperation Council (GCC) region countries have reported significant recycling progress in recent times, mainly due to adoption of…
May 25th 2016
Taiwan’s Environmental Protection Minister Lee Ying-yuan has called for restrictions on scrap metal imports by the country.
May 20th 2016
Hartford Iron & Metal has been fined $60,000 and ordered to stop discharging PCB-contaminated stormwater into the city's sewers.
May 20th 2016
Several scrap processing and consuming companies have been honored by business information company Platts as part of its Global Metals…
Paul Ploumis

Paul Ploumis
(ScrapMonster Author)

Paul Ploumis is the Scrap Monster Founder and CEO.  With years of experience in the Scrap and Recycling industry, he
Scrap Metal Prices
ItemPriceUnit
Old Sheet0.46$US / Lb
6063 Extrusions0.61$US / Lb
6061 Extrusions0.57$US / Lb
Zorba 90% NF0.53$US / Lb
#2 Copper Wire and Tubing1.97$US / Lb
Scrap Electric Motors 0.19$US / Lb
G
Energy & Renewables
San Jose
O
Energy & Renewables
Dallas
M
Waste Collection & Disposal
Kokomo
E
Energy & Renewables
Cocoa
H
Waste Management
Harmony