US-based coal producer Cliffs Natural Resources has announced that in the second quarter of the current year its sales revenue decreased by 26 percent to $1.1 billion compared to the corresponding quarter of the previous year. The lower ...
The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the first quarter ended June 30 of the financial year 2014-15, posting a net profit of JPY 48.3 billion ...
Tags: NSSMC, announce, financial results
Swedish high-technology engineering and steelmaking group Sandvik has announced that it has signed a new five-year strategic alliance agreement with the global pipe and tube producer Tenaris on the exclusive joint supply of ...
Tags: Sandvik, Tenaris, Metallurgy, Mineral
According to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products, global demand has remained at reasonable levels during the course of the last 30 days. The market has ...
Tags: Metallurgy, Mineral, Energy, Steel
Germany-based steel giant ThyssenKrupp has announced that it is conducting modernization works at the converter No. 2 and the waste-heat boiler system in the Duisburg-Bruckhausen steelmaking plant. ThyssenKrupp stated that the ...
Tags: Metallurgy, Mineral, Energy, Steel
South Korean steelmaker POSCO and China-based Chongqing Iron & Steel have signed a memorandum of understanding for a $3.3 billion investment in China, according to media reports. The agreement will cover POSCO's own steelmaking technology ...
Tags: Metallurgy, Mineral, Energy, Iron, Steel
Despite weak fundamentals and largely negative sentiment, the futures and swaps markets recovered some ground through the day, leading to some support for ore prices. Platts assessed the 62% Fe Iron Ore Index up 50 cents from Monday at ...
Tags: steel rebar, ore prices
Scrap market activity remained sluggish in eastern China over the week with prices mainly holding steady and unlikely to gain any upward momentum in the short term as the outlook for the finished steel market remains pessimistic, market ...
Tags: Ferrous Scrap, Heavy Scrap
Warren Steel is asking Ohio regulators for an electricity rate discount the company says could allow it to attract "strategic partnerships" and reopen its Warren steelmaking plant that was shut in late March. Warren is the latest in a ...
Evraz Highveld Steel and Vanadium, South African subsidiary of Russia-based steelmaking and mining giant Evraz, has announced its financial results for the first quarter this year, posting a net loss of ZAR 105 million ($10 million), ...
Tags: Steel, Highveld Steel
Swedish high-technology engineering and steelmaking group Sandvik has announced that it has completed the acquisition of Varel International Energy Services Inc., a manufacturer of drill bits. The parties had reached an agreement for the ...
Spot Asian coking coal prices moved sideways Monday as ominous signals from the Chinese steel industry, nagging concerns about lower costs and abundant supplies hurt trading sentiment. Lower domestic prices continued to be used as a key ...
Tags: coking coal, domestic prices
India-headquartered steel giant Tata Steel Group has issued its group financial results including Tata Steel Europe for the fourth quarter and the full financial year ended March 31. Tata Steel Group's net profit doubled to INR 10.36 ...
Tags: Tata Steel, blast furnace
Russia-based pipe producer United Metallurgical Company (OMK) has stated that in the current year it plans to invest a total of RUB 18 billion ($0.5 billion) in the development of its facilities, including RUB 7 billion ($0.2 billion) in ...
Tags: pipe, railway wheels
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