The Jakarta Globe reported that customs officials have seized 113 containers of imported scrap steel that they contend is actually hazardous waste and for which the importer could face up to 15 years in prison for smuggling. During an inspection of the containers at Tanjung …
0The Jakarta Globe reported that customs officials have seized 113 containers of imported scrap steel that they contend is actually hazardous waste and for which the importer could face up to 15 years in prison for smuggling. During an inspection of the containers at Tanjung …
It is reported that around 600 steel industry jobs are expected to disappear in Sweden. The reason is that the German Thyssen Krupp and the Finnish Outokumpu have agreed to unite their production of stainless steel. The trade union Metall’s newspaper Dagens Arbete wrote that …
Bernama reported that Malaysia Steel Works Bhd or Masteel is currently waiting for the next presentation to the Economic Council to seek approval for the proposed Iskandar Malaysia’s commuter rail project. In filing to Bursa Malaysia, Masteel said barring unforeseen circumstances, the presentation was scheduled …
Bloomberg reported that Malaysia Steel Works KL Bhd rose the most in more than two weeks in Kuala Lumpur trading after third quarter net income more than tripled to MYR 16.2 million. As per report, the stock climbed 1.9% to MYR 1.07 at 9:14 AM …
Billet market experienced a sluggish week in Iran. Size 150 mm billet was offered at USD 755 per tonne to USD 759 per tonne on truck in Anzali port including 4% VAT but no buyer was interested. In global markets billet price has reached the …
Finally, after months of delays, malaysiashipping.info has a new look and feel. It’s officially up but we’re making some slight tweaking will go on for the next few weeks – most not noticeable. Some of the new features to the site, aside from the cosmetic …
AFTER protracted delays, mining giant Rio Tinto and its Malaysian partner are inching towards an agreement on the price they will pay for electricity to power their $US2 billion ($1.9bn) aluminium smelter in East Malaysia. According to sources, negotiations have been held up because the …
According to data, Thailand imported 93,000 tonnes of scrap in July, dropped by 14.7% YoY and it decreased by 36.6% from a month earlier. Among them, 51,000 tonnes were from the US, up by 0.9%; 9,000 tonnes were from Cambodia, surged by 374.3%; 5,000 tonnes …
Lion Industries Corporation Bhd may potentially exit the cyclical steel industry as this will unlock the value of its steel unit, which has been largely ignored by the market. Nonetheless, OSK Research Sdn Bhd noted that no official agreement has been reached although China’s Baosteel …