Scrap Prices

Acindar promises to Argentina Govt to hike local supply of special steels

Acindar, a subsidiary of ArcelorMittal in Argentina, confirmed to the government that the program to enlarge local supply of special steels has been launched.

Shaw River reports 60% increase in Namibia manganese resources

Shaw River Manganese Limited (ASX: SRR), an Australian based manganese explorer and developer, has reported a 60% increase in the Mineral Resource for its 75.5% owned Otjozondu Manganese Project in Namibia to 10.7 million tonnes, providing a strong foundation for its plans to become a manganese producer.

Waste To Value Stone recycles granite wastes into green building products

Waste To Value Stone, a new innovative company, focuses on recycling granite waste into green building products, and prevent it from ending in the landfills which arouses environmental issues.

Rio Tinto to invest $518 mn in world's first automated heavy haul rail network

Mining giant Rio Tinto (ASX: RIO, LSE: RIO, NYSE: RIO ) is continuing to invest in the Pilbara region of Western Australia, announcing on Monday a further $518-million investment on the world’s first automated long-distance heavy-haul rail network.

Ritchie Bros industrial auction in Orlando sets record

Ritchie Bros. Auctioneers (NYSE and TSX: RBA), popular industrial auctioneer, conducted the world's largest heavy equipment auction in Orlando, Florida in which total gross auction proceeds set record and went high up to more than US$203 million.

North European steel prices continue strong gains: MEPS

Tata Steel expands hot rolled gauge capability to 13.5 mm in UK

Following extensive trials at its narrow strip mill, in Rotherham, UK, Tata Steel Europe, subsidiary of Indian steel giant Tata Steel (BSE: 500470), has expanded its hot rolled gauge capability to 13.5 mm.

Shuicheng Steel's daily production hits a record 15, 662 metric tons

Shuicheng Iron and Steel Co., a Guizhou Province-based Chinese steel maker, said that its daily crude steel production reached a record 15, 662 metric tons on February 15. The company produced 4,513 metric tons of crude steel from its steel melting plant No. 1 and 11,149 metric tons from its steel melting plant No. 2 .

Aluminum Bahrain posts 53% rise in net income in 2011, begins work on 6th production line

Aluminum Bahrain (Alba), the owner of the fourth largest aluminum smelter in the world, has reported a 53% growth in net income in 2011 at US $564 mn and has begun work on its sixth production line.

SSAB witnesses rising demand for quenched steel, to increase production

SAB Americas, the leading supplier of heavy plate and strip products in America and Latin America, has announced its decision to expand hot metal production in Oxelosund inview of improved demand for quenched steels.

Geometric to display intelligent machining products at METAV 2012

Geometric Limited (BSE: 532312, NSE: GEOMETRIC), a leader in Product Lifecycle Management (PLM), Global Engineering Services and Offshore Product Development (OPD) solutions and technologies, will showcase the latest release of its solid-based CNC programming solution, CAMWorks® 2012, along with its new 2.5D CAM package, CAMWorksXPress®2012 at the METAV 2012, Hall 13 - booth #125, in Düsseldorf Trade Fair Centre, Germany from February 28 - March 3, 2012.

Chinese RRR cut boosts base metals; precious metals also stronger

All of the precious metals and most base metals are higher early Monday, with global markets to be quieter than normal for the rest of the day with the U.S. observing a holiday, said Standard Bank in a research note.