arcelormittal nippon steel buy thyssenkrupp us factory

ArcelorMittal, Nippon Steel buy ThyssenKrupp US factory

Steel manufacturing giant ArcelorMittal and Nippon Steel & Sumimoto Metal said in a statement they agreed to buy a US steel plant owned by German firm ThyssenKrupp for $1.55 billion.
crown opens new can factory in vietnam

Crown opens new can factory in Vietnam

The US’ Crown Holdings, a leading supplier of metal packaging products worldwide, officially launched a production facility in central coastal Danang on October 30.
heavy metal band metallica gets antarctica gig

Heavy metal band Metallica gets Antarctica gig

Metallica has announced it will perform in Antarctica for the first time, in a rare gig that won't be amplified.
masan germanys hc starck to form vietnam tungsten chemical firm

Masan, Germany’s H.C. Starck to form Vietnam tungsten chemical firm

H.C. Starck, a leading worldwide manufacturer of technology Metals, and Vietnam’s Masan Group’s Nui Phao Mining Company have signed agreements to establish a joint venture to make tungsten chemicals in the country.
india imposes new gold import curbs to ease deficit

India imposes new gold import curbs to ease deficit

India, the world's biggest gold-buying nation, has slapped fresh curbs on imports of the precious metal in a bid to curb a record current account deficit.
spanish bus careens off road kills nine

Spanish bus careens off road, kills nine

A bus carrying more than 30 passengers careened off a highway in central Spain and ploughed into a metal safety barrier on Monday, killing nine people in an impact that blew out windows and tore away one side of the vehicle.
gold holding services booming

Gold holding services booming

As the gold price continues to fluctuate, most commercial banks have boosted their gold holding services in a move to cater the local tradition of hoarding the precious metal.
mta vietnam to feature 400 firms

MTA Vietnam to feature 400 firms

About 400 foreign and Vietnamese companies will converge at the trade show MTA Vietnam in July in Ho Chi Minh City to highlight opportunities in precision engineering, machines and metalworking.
gold appetite still runs wild at home

Gold appetite still runs wild at home

Gold prices bounced back close to the closing price on Monday in the local market on Wednesday, with no steep price falls as seen on Tuesday morning, but buyers still rushed to gold trading companies to grasp the yellow metal.
sbv to auction gold until gap narrows

SBV to auction gold until gap narrows

The State Bank of Vietnam (SBV) will sell gold until banks no longer need the precious metal with the hope that the gap between local and global gold prices will narrow, stated a senior source from the central bank.
banks in trouble over outstanding gold loans

Banks in trouble over outstanding gold loans

While gold owners are no longer able to store their precious metal at banks for safety and interest, the credit institutions themselves are in trouble over a huge amount of outstanding long-term loans in gold.
metalworks show recruits visitors

Metalworks show recruits visitors

EMO Hannover 2013, the leading global metalworking trade show, was introduced to Vietnamese companies and visitors last week in Hanoi and Ho Chi Minh City.
nix waste treatment gets nixxed

Nix waste treatment gets nixxed

Hanoi Minerals Metallurgy, expected to develop a nix waste treatment facility in Van Phong Economic Zone of central coastal Khanh Hoa province, had its investment certificate revoked by local authorities last week.
more problems emerge in gold bullion restriction

More problems emerge in gold bullion restriction

A number of new problems continue to attract complaints a week after the restriction on the gold bullion trading market took effect, with even the banks licensed to buy and sell the precious metal now facing challenges in following the new rule.
gold owners say licensed shops few and far between

Gold owners say licensed shops few and far between

While the State Bank of Vietnam claims that the 2,500 facilities countrywide licensed to trade gold bullion are enough to serve public need, gold bar holders are having trouble finding a proper place to sell their precious metal.