Bloomberg reported that Citic Trust Co a unit of China's biggest state owned investment company missed a bi annual payment to investors in one of its products after a steel company missed interest payments on the underlying loan. ...
Tags: loan repayment, Citic Trust Co
The Guardian reported that to aid standardization of steel products in the country, the Standards Organization of Nigeria has said that all new and existing steel companies must produce their products to meet the minimum requirements, using ...
Tags: Nigeria, steel products, steel production, new quality requirement
Zimbabwe government has set up a committee to handle the paperwork on the sticky issue of iron claims ahead of the projected start of operations at NewZim Steel in January. Industry and Commerce Minister, Professor Welshman Ncube has said ...
Tags: iron, Mines, Mining Development, steel
It is reported that Hyundai Steel Company issued a USD 17.2 million letter of credit to Australian iron ore company Pluton Resources against the purchase of four shipments commencing in August 2013. Mr Tony Schoer MD of Pluton Resources ...
Tags: Hyundai Steel Company, Australia, iron ore, Pluton Resources
A Chinese steel company is set to open a pipe mill this spring,bringing hundreds of jobs to an area already thriving from the oil and gas industries and injecting a multi-billion dollar boon to surrounding cities and towns over the next ...
Economic Times reported that the income tax department carried out a survey last week on two Mumbai based steel companies,after a tip off that these companies have not been offering their full income for taxation. An I-T source said that ...
Tags: ITD, Uttam Galva, Lloyds Steel, Economic Times, Mumbai
Business Standard reported that the Odisha government has approved a proposal for withdrawal of land acquisition process for Sterlite Iron and Steel Company,a Vedanta group firm,which proposed to set up of a 5 million tonne steel plant in ...
Tags: Odisha government, Sterlite Iron, Steel Company, Vedanta group firm
For SAIL chairman Mr CS Verma, there is no slowdown as the giant state run steel firm plots its expansion program, keeping in view the huge potential of steel demand in the country. In an interview, Mr Verma said he has not seen any steel ...
According to local news report,Ministry of Environmental Protection in China call off Dajiazhuang iron ore project owned by Hebei Iron&Steel Group Mining Company Ltd by returning it environmental review because it constructs without pre ...
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any ...
Tags: Maanshan Iron, Maanshan, Iron, Steel Company, Steel
European Commission gave the green light to the US component manufacturer Precision Castparts Corporation's acquisition of the US titanium producer Timet. The Commission after an in depth investigation concluded that this transaction would ...
Tags: titanium, titanium producer, titanium casted, forged components
10 students of the University of Karachi received the POSCO Asia Fellowship at a ceremony on December 21stFriday. The ceremony was jointly organized by the KU and the POSCO TJ Park Foundation. After the ceremony, a MoU was signed ...
Tags: University of Karachi, POSCO Asia Fellowship, Iron, Steel
Business Line reported that disinvestment of government’s shares in Steel Authority of India Ltd may take place in February. However, there is still no clarity on sell off of another steel company, Rashtriya Ispat Nigam Ltd. A ...
Tags: Business Line, Steel Authority of India, steel market, steel industry
Reuters reported that German steel production will return to modest growth next year as companies rebuild stocks and demand from the automotive and engineering sectors picks up, a trade group forecast on Tuesday. Europe's steel industry ...
Tags: steel production, steel industry, crude steel output, steel business
A West Midlands steel company has been ordered to pay more than GBP 146,000 in fines and costs after one of its employees was crushed to death by a 15 tonne crane. Mr Wilfred Williams 57 of Tividale, Warley, was carrying out maintenance ...
Tags: steel, fined, employee's death, crane, crushed