Commodities
Turkish steel exporters eye Far East, South American after US tariff hikes
(Posted on 03/09/18)In the face of additional U.S. tariffs on Turkish steel and aluminum, exporters are looking to explore alternative markets in the Far East and South America.The move comes after U.S. President Donald Trump announced on Twitter on 10 August that he had approved a doubling of tariffs on steel and aluminum from Turkey.Speaking...
Russia’s Steppe to boost grain exports
(Posted on 03/09/18)Russian agriculture holding company Steppe plans to ramp up grain exports sharply this season, part of its bid to become one of top five traders of Russian grain by 2020, the company said in a statement.Steppe, part of Russian business conglomerate Sistema , will also seek to join the supplier list of Egypt’s state-run...
China establishes world’s 18th large-scale CCS facility
(Posted on 03/09/18)China is continuing to set the pace in deploying carbon capture and storage (CCS) as a vital climate change technology with the announcement that the Jilin CCS facility has reached a storage capacity of 0.6 million tonnes of CO2 per annum.This makes Jilin CCS the world’s 18th large-scale CCS facility in operation...
Scrap handling growth in Amsterdam
(Posted on 28/08/18)The export of scrap from the port of Amsterdam is growing steadily. About 600,000 tons of scrap was exported in 2013 and by 2017 exports have increased to 1.6 million tons.Amsterdam based Maja stevedores plays a significant role in the handling of the export of steel scrap. The family run company, established in 1972, loaded over...
World steel production continues to rise
(Posted on 28/08/18)World crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) was 154.6 million tonnes (Mt) in July 2018, a 5.8% increase compared to July 2017Worldsteel is one of the largest and most dynamic industry associations in the world. Members represent approximately 85% of the world's steel production...
BHP’s year end results
(Posted on 28/08/18)BHP has released its full year results and Andrew Mackenzie, Chief Executive Officer and Peter Beaven, Chief Financial Officer reviewed the Company’s operating and financial performance:Following BHP’s sale of the Onshore US assets, as announced on 27 July 2018, the contribution of these assets has been presented in...
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