The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the first half ended September 30 of the financial year 2013-14, posting a net profit of JPY 115.6 billion ...
Tags: steel, Metallurgy, Mineral
Canadian coking coal producer Teck Resources claimed a record 7.6 million mt of coal sales in the third quarter, up 36% from a year ago, the company said Thursday. But Don Lindsay, president and CEO of the Vancouver, British ...
Tags: Coal Sales, Chemicals
Swedish high-technology engineering and steelmaking group Sandvik has issued its financial results for the third quarter and the first nine months of the current year. According to the financial results, Sandvik's net profit for the third ...
It's reported that the Mexican integrated iron and steel producer Altos Hornos de México (Ahmsa) has planned to develop a new iron ore reserve located in the southern state of Oaxaca through its subsidiary Minosa. The said mine ...
United States Steel Corporation announced Friday that it is currently performing its annual goodwill impairment analysis and that it estimates a total goodwill impairment of approximately $1.8 billion for its North American flat-rolled and ...
Tags: Metallurgy, Mineral, Energy, Steel
Russian mining and steel producing company Evraz Group has announced that it has signed a binding agreement for the sale of the Gramoteinskaya thermal coal mine, part of its wholly-owned subsidiary Yuzhkuzbassugol Coal Company, to Lehram ...
Tags: Metallurgy, Mineral, Energy
Russian metallurgical scrap processing company Vtorchermet c(part of NLMK Group) has announced that it has commissioned a new high-performance shredder at the Vtorchermet NLMK Center site in Podolsk. Designed for processing light and ...
Tags: metallurgical scrap, Mineral
On September 25, Dai Zhihao, general manager of Chinese steel giant Baosteel, forecast at an annual industry conference in the eastern Chinese coastal city of Qingdao that China's annual steel consumption will peak at 825 million mt in 2018 ...
Tags: Steel Industry, Steel Consumption
Chinese steelmakers should reduce the amount of iron ore they buy through long-term contracts in favor of purchasing from the spot market, through trading platforms, the China Iron & Steel Association said Wednesday. "Mills should ...
Tags: Chemicals
China imported 755,939 mt of iron ore from India in August, up 49% from 506,322 mt in July, according to data released Monday by the General Administration of Customs. The increase comes on the back of Indian government talks of a ...
It might sound ridiculous for a steelmaker to raise pigs, but Chinese steelmaking firms are showing unprecedented interest in non-steel businesses to cope with the challenge of low profits amid a downturn. Non-steel business turnover of ...
Tags: steel, Non-Steel, Construction
According to report, Russian mining and steelmaking company Metalloinvest reported its earnings and profit decline in January to June period this year, compared to first half in 2012. Its first half revenue was down by 15% year-on-year to ...
Tags: Construction, steel
The horn of Zhanjiang steel project Overall construction is heard blowing. It is the difficult mission entrusted to us by history, and it is the dreams of glory for several generations of Baosteel people. Zhanjiang Steel is the ...
Tags: Mineral, Zhanjiang steel
The Korean steel giant Posco has resumed the facilities at its No.2 steelmaking plant in Gwangyang works after a shutdown in August due to a fire in the plant. Posco stated that its No. 1 converter was resumed on September 2nd and the No.2 ...
Tags: Construction, steel
State-owned Shougang, one of China's largest steel companies, resumed operations at its 300 mt/year gas-to-ethanol pilot plant in Jingtang, northern China, in August, following a halt in February due to a technical glitch, a spokesman at ...
Tags: steel, Construction