Ferrous Metals

Zimbabwe bans chrome exports

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Zimbabwe has banned the export of chrome as it looks to build internal refinery capacity, according to a senior government official.

SA battles reinforcing steel shortage

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Delays are feared with big construction projects as the main suppliers are limiting the key component.

CSN won’t sell Riversdale stake, says CFO

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CSN has no immediate plans to sell its stake in Australia's Riversdale Mining on which it is relying as a source of coal, says CFO Paulo Penido Marques.

Grow iron ore exports, not steel

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Kumba Iron Ore reckons South Africa's iron ore business has a far more attractive future than the country's steel sector and government intervention needs to be "carefully evaluated".

‘Lower steel prices won’t up SA output’

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A consultant for Kumba says lower steel prices will have no significant effect on manufacturing in SA, refuting claims by the trade and industry department.

Amsa sees Sishen arbitration in 2012

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ArcelorMittal SA says it expects arbitration proceedings in its dispute with Kumba Iron Ore over a Sishen mine to be heard only early in next year.

Japan’s steelmakers halt output

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Key Japanese steelmakers have stopped production at some plants as the country imposed power cuts to cope with the devastation brought by a massive earthquake and tsunami.

Amsa deal unlikely to proceed, say Guptas

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Brothers Ajay and Atul Gupta do not think the Ayigobi black empowerment deal with ArcelorMittal SA - of which they are beneficiaries - will go ahead.

Petmin to seek upside in spot market

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Petmin is about to ditch its policy of locking all sales into supply agreements, saying it wants to cash in on higher spot prices for the anthracite it produces at Somkhele mine.

ArcelorMittal to buy stake in Thai firm

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ArcelorMittal, the world's largest steel company, is to take a 40% stake in Thai steel maker G Steel for $250m, reports the Bangkok Post.