CME Group launches new industrial steel futures

Platts' physical price data have been selected as the basis for three new industrial steel futures contracts by CME Group, including scrap, billet and hot rolled coil.

Mr Gerald Bueshel Platts director of global licensing said “This use of daily Platts ferrous metals data in swap


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Italian steel out put in Q1 surges by 8pct YoY

Federacciai announced that steel output in, European Union's No 2 producer after Germany, Italy, the, rose 8% YoY to 6.962 million tonnes in the first three months of 2011.

In March alone, Italy's steel output rose 8.6% to 2.575 million tonnes.

Federacciai has expected output to rise

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PT Adaro to propose USD 75 million dividend

One of Indonesia's largest coal miner PT Adaro Energy Tbk is keen to propose a final dividend of USD 75 million as quoted by Insider Stories.

Adaro Corporate Secretary Devindra Ratzarwin said the proposed dividend will be discussing during annual of shareholders general meeting scheduled

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L and L Energy announces two contracts to supply coal to Kunming Steel

L & L Energy Inc, a US based company since 1995 with coal mining and distribution businesses in China, announced that it entered into two purchase contracts to supply in total 700,000 tonnes of coal to Kunming Iron & Steel Group Co Ltd of China.

The first purchase contract will provide

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Rio Tinto Q1 iron ore production update

Pilbara marketing
First quarter sales of 50 million tonnes (100 per cent basis) were six per cent lower than the corresponding quarter of 2010. The impact of three tropical cyclones and additional tropical low depression systems caused out-loading operations to be suspended several times

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