The seaborne iron ore market ended a brief two days of gains Thursday as buying activity failed to hold up. Platts assessed the 62% Fe Iron Ore Index at $103.25/dry mt CFR North China Thursday, down 75 cents/dmt on the day. Despite spot ...
Tags: Iron Ore Market, Iron Ore
Major Chinese steelmaker Baosteel has announced that it has signed a cooperation agreement with Hubei Province-based car producer Dongfeng Renault Automotive Co Ltd. The agreement will cover five separate projects during the 2014-15 period. ...
Germany-based plantmaker SMS Siemag has announced that it will revamp one of the two compact strip production (CSP) casters of the Indian steelmaker JSW Steel. The modernization of the CSP slab at the steelmaker's Dolvi steel plant in the ...
Tags: JSW Steel, Slab Casting
Japanese steelmaker Kobe Steel has announced its plans to reline blast furnace No. 3 at its Kakogawa works in western Japan. The company will shut down the blast furnace from the end of September 2016 for a 90-day period to undertake the ...
Tags: Kobe Steel, steelmaker
Germany-based steelmaker ThyssenKrupp has announced its financial results for the first half ended March 31 of the financial year 2013-14, stating that it has achieved all operating and strategic targets for the first quarter. In the ...
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Taiwan's largest steelmaker China Steel Corporation (CSC) has announced that in April this year its carbon steel sales volume decreased by 3.55 percent to 807,346 metric tons, compared to March, accounting for 65 percent of domestic sales. ...
Tags: Carbon Steel, Steel
The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the full financial year 2013-14 ended March 31, posting a net profit of JPY 242.75 billion ($2.4 billion), ...
Tags: Steel, Metallurgy, Mineral
Luxembourg-based ArcelorMittal, the world's largest steelmaker, has announced its financial results for the first quarter this year. Regarding the 2014 outlook, ArcelorMittal has lowered its global steel demand growth guidance to 3-3.5 ...
Tags: Steel Demand, steelmaker
China's steel production has plateaued and mills are focusing on complying with tougher anti-pollution measures instead of expanding capacity, a senior official at the China Iron and Steel Association (CISA) said on Wednesday. The fight ...
Tags: Steel Production, Iron, Steel
Germany-based steelmaker Salzgitter Group has announced its preliminary financial results for the first quarter of the current year. The company's pre-tax loss amounted to €8.7 million in the first quarter, compared to a pre-tax loss ...
Tags: Metallurgy, Mineral, Energy, Steel
Swedish specialty steel producer SSAB has announced that it has extended the period of the share exchange offer for all the issued and outstanding shares of Finland-based steelmaker Ruukki to end on June 27, 2014, unless the offer period is ...
Tags: specialty steel, steel, Metallurgy, Mineral
International credit rating agency Standard and Poor's (S&P) has announced that it has affirmed its 'BBB+' long-term rating for South Korean steelmaker POSCO, with the outlook remaining negative. S&P said that it expects POSCO's credit ...
Tags: POSCO, steel industry
In April this year, Moldavian Metallurgical Works (MMZ), a steelmaker based in the Transnistrian region of Moldova, produced 40,986 mt of crude steel and 37,921 mt of rolled steel products, including 16,484 mt of reinforcing bars and 21,437 ...
Tags: Moldavian Steel, steelmaker
In April this year, Ukrainian steelmaker Zaporizhstal's finished steel product output increased by 2.2 percent year on year to 276,500 mt, while its crude steel production amounted to 323,000 mt, up 0.8 percent year on year, according to ...
Tags: steelmaker, Finished Steel
Indian steelmaker Essar Steel has announced that it is merging its steel processing center and distribution unit with Essar Hypermart, its retail chain for steel, in order to cut costs, expand its business reach and deliver products to ...
Tags: Essar Steel, steelmaker