Marubeni Corporation ("Marubeni"), jointly with Mitsubishi-Hitachi Metals Machinery, Inc. ("Mitsubishi-Hitachi"), was awarded a contract by JSW Steel Limited, a steel company in the private sector in India, for the supply of a slab sizing ...
Tags: Marubeni, Mitsubishi-Hitachi, cMitsubishi-Hitachi, hot strip mill
In order to sustain profits, the Indian steel companies such as JSW Steel, Essar Steel, and Mukand Steel plan to increase price by RS 1,500/ton in January, 2014. It’s learned that the price rise is driven by higher costs of iron ore ...
Tags: steel, metallurgy
It is reported that the steel mills in India are considering a price hike for about US$15/ton starting from January in 2014 due to the increased domestic railway freight charges which imposed peak session charge from October and raw ...
Tags: steel, Construction
International credit ratings agency Standard & Poor's Ratings Services has announced that it has raised its long-term corporate credit rating for Tata Steel UK Holdings Ltd. to 'BB-' from 'B+'. The outlook is negative. S&P said that the ...
Tags: steel, metallurgy
India's Steel Ministry is finalizing a new national steel policy (NSP) focusing on infrastructure development, securing raw materials and human resource development for the growth of the steel industry, according to the Associated Chambers ...
Tags: raw materials
Japanese steel mills are going to initiate the negotiation of carbon steel hot rolled coil price for next January with their customers in Middle and South & Central America. It is expected those mills could up the HRC prices about ...
Tags: Steel Mills, HRC Prices
Indian steel giant Tata Steel has announced that it has started supplying UK car makers with a British-made dent-resistant steel that helps to further reduce vehicle weight. According to Tata Steel's statement, the new steel product in ...
Tags: Tata Steel, Dent-resistant steel, UK, Indian
Global steelmakers, metallurgical coal miners and merchant coke producers are feeling the heat thanks to sluggish steel and coal prices coupled with the prospect of higher energy costs in the US due to regulation, participants said Tuesday ...
Tags: steel, Coal, Metallurgy, Mineral
Major Indian steelmaker JSW Steel (JSW) has announced its financial and operational results for the second quarter ended September 30 of the financial year 2013-14, posting a net loss of INR 1.15 billion ($18.7 million), compared to a net ...
Tags: steel, Metallurgy, Mineral
Austria-based plantmaker Siemens Metals Technologies has announced that it will supply a rebar rolling mill for the Indian steel producer Kalika Steel Alloys Pvt. Ltd. (Kalika Steel). The mill will be erected in the Jalna plant in the state ...
Tags: Metallurgy, Mineral, Energy, Rebar Rolling
N.C. Mathur, the president of the Indian Stainless Steel Development Association and advisor to Jindal Stainless Limited, India's stainless steel output is expected to hit 4 million tons by 2015. Meanwhile, the growth of the Indian ...
Tags: Stainless Steel, steel, Construction
According to data released by the Indian steel ministry’s Joint Plant Committee, the country’s real consumption of finished steel products totaled 24.14 million tons in April-July, rising by 0.2% year on year. It’s ...
Tags: Finished Steel, Mineral
Indian steel giant Tata Steel announced its financial result including Tata Steel Europe for the first quarter of the current financial year ended on June 30th. Tata Steel posted a net profit of INR11.4 billion for the first quarter, ...
Tags: steel giant, Tata Steel
It’s reported that the depreciation of Indian currency caused high production cost for the Indian steel mills. JSW Steel and Essar Steel announced to raise its price for its steel flats and longs for August. Essar Steel has ...
Tags: JSW Steel, Essar Steel
The Indian steel rim producer Steel Strips Wheels Ltd (SSWL) has announced that it registered net sales of INR 850.2 million ($14 million) in July, increasing by 10.8 percent compared to the corresponding month of 2012. In terms of units ...
Tags: Steel Wheel Rim