At least one major steelmaker is making preparations based on rampant chatter in the US market that ThyssenKrupp is poised to sell its Alabama rolling mill (possibly including its Brazilian slab operations) to a triad of ArcelorMittal, ...
Tags: Steel, Construction
The very first IFAT India will be taking place in the Bombay Exhibition Centre (BEC) in Mumbai between October 24 and 26, 2013. And already it has exceeded expectations: Over 100 exhibitors from 15 countries have signed up to take part in ...
Reportedly, German's ThyssenKrupp has planned to close its steel sheet plant at Neuwied in Germany in 2013 in order to restructure and improve its finance. Currently, the company has run under full capacity at its production site and some ...
Tags: Metallurgy, Mineral, Energy, Steel
It is learned that the German steel giant ThyssenKrupp recorded a loss of €1.2 billion euro in the first three quarters of this fiscal year, down by 23% compare to loss of €0.98 billion in the same period last year. The main ...
Tags: Thyssenkrupp, Mineral
Germany-based steelmaker ThyssenKrupp has announced its financial results for the third quarter and the first nine months ended June 30 of the financial year 2012-13. For the third quarter, ThyssenKrupp registered a net loss of €238 ...
Tags: Thyssenkrupp, Steel Plants
Wheels Task Force of Steel Market Development Institute (SMDI), a division of American Iron and Steel Institute (AISI), has developed a lightweight steel wheel which is claimed to be equivalent in mass to a comparable aluminum wheel but 40% ...
Tags: Steel Wheel Technology, Auto Parts
It’s reported that the Chinese steel giant Wuhan Iron and Steel Corp. (WISCO) has acquired ThyssenKrupp Tailored Blanks successfully and the two parties have completed the relative transfer procedures. ThyssenKrupp Tailored Blanks ...
Tags: Tailored Blanks, Mineral
Columbus, Ohio-based Worthington Industries announced Wednesday that it closed on an agreement with Wuhan Iron and Steel Company (WISCO) to become the majority member in Tailor Welded Blanks (TWB), its laser welded blanking joint venture. ...
Tags: Worthington, Thyssenkrupp
Germany based automotive components manufacturer ThyssenKrupp has started construction of a new production facility for assembled camshafts at its Chemnitz plant. Being built at Presta Camshafts' Chemnitz production plant, the ...
Tags: Thyssenkrupp, Camshaft Production
Germany's Federal Cartel Office Bundeskartellamt has announced the imposition of further fines amounting to almost €100 million on eight rail companies in a case involving price fixing for train track rails, with Essen-based ...
Tags: Rail Cartel Case, Cartel Office
On July 8th, the list of 2013 Fortune Global 500 Companies was released. Baosteel was ranked No. 222 with operating revenue of 45,682.7million USD and net profits of 918.8million USD. It had been consecutively ten years that Baosteel was ...
Tags: Metallurgy, Mineral, Energy, steel
Reportedly, the European steel mills are seeking to raise the prices to improve profits. It’s learned that ex-factory prices for hot rolled coils (HRC) decreased to €440/ton in North European market last week, the lowest ...
Mika Seitorvita, CEO of Finnish steelmaker Outokumpu, has stated that the bids received so far for its Italian asset Acciai Speciali Terni (AST) do not meet the expectations of the Finnish company. "The bids Outokumpu has received so far ...
Tags: Italy, steelmaking, Outokumpu, European Union, Brescia
Manufacturer of automotive parts, ThyssenKrupp Tailored Blanks has signed a cooperation deal with the Novelis for developing designed aluminum blanks. The aluminum blanks will be used by the car makers to join the aluminum sheets of ...
Tags: Thyssenkrupp, Automotives
Germany-based steelmaker ThyssenKrupp has announced its financial results for the first half ended March 31 of the financial year 2012-13, registering a net loss of €822 million, mainly due to the impairment charge of €683 million ...
Tags: Thyssenkrupp, steelmaker, steel