It's reported that Standard & Poor's (S&P) has lowered Russian NLMK's long-term corporate credit rating to "BB+" from "BBB-". S&P explained that the downgrade was based on weak global steelmaking and a conservative estimate of the country ...
Tags: Metallurgy, Mineral, Energy, steel
Global steel giant ArcelorMittal has announced that its South African unit ArcelorMittal South Africa is supplying China's Sinohydro Corporation with reinforcing steel from its Newcastle plant for a number of hydroelectric projects across ...
Tags: rebar, longs, Zambia, Africa, ArcelorMittal, steelmaking, Istanbul
On May 23, Hong Kong-based Novo Group, a global steel trading, distribution, processing and manufacturing company, announced that its new joint venture with Tianjin Bohai Light Industrial Co. named Novo Steel Development (Tianjin) Co. has ...
Tags: China, Southeast Asia, investments, steelmaking, Shanghai
Altos Hornos de México (AHMSA) announced this week that it expects positive results from the Ministry of Economy regarding research into illegally imported plate from Russia and Ukraine, which should shortly extend to other steel ...
Tags: plate, flats, Mexico, Russia, Ukraine, North America, imp/exp statistics
Global steel giant ArcelorMittal has announced that its Ukrainian subsidiary ArcelorMittal Kryvyi Rih has finished the overhaul of its blast furnace No. 7 in just 26 days. During this period, the blast furnace in question was idle for four ...
Tags: ArcelorMittal, steel, blast furnace
In the January-April period of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, totaled 2.088 million mt, up two percent year on year, as announced by the ...
Tags: crude steel, Mineral
The world’s top steelmaker ArcelorMittal said today that its first-quarter EBITDA was US$1.565 billion, which is 26% lower than the same period of 2012, but it sees positive core profit trends for the coming months. The company ...
Tags: ArcelorMittal, steelmaker, steel
According to the Economic and Steel Market Outlook 2013-2014/Q2 2013 Report from the Economic Committee of the European Steel Association (EUROFER), in 2012 EU steel imports fell sharply though the decrease rate was slower during the last ...
Tags: Steel, Steel Imports
According to the Economic and Steel Market Outlook 2013-2014/Q2 2013 Report from the Economic Committee of the European Steel Association (EUROFER), in the first quarter of 2013 European Union (EU) steel exports increased by four percent ...
Tags: EUROFER, Steel Exports
Egypt's largest steelmaker Ezz Steel has announced its financial results for 2012, reporting a net profit of EGP 8 million ($1.15 million), compared to a net profit of EGP 202 million in the previous year. The company's sales revenues ...
Recently, Baosteel Group Co., Ltd. chairman Xu Lejiang and his retinue attends 2013 International Iron and Steel Association Council special session and Executive Committee 49th meeting held in Vienna, Austria. During the meeting, Xu ...
Tags: Metallurgy, Mineral, steel
It's reported that China pushed up the global steel production in March, 2013. The global crude steel output totaled 135 million tons in March, was 1.1% higher than March 2012. Among them, China posted a 6.6% output increase to 66.3 million ...
Tags: Metallurgy, Mineral, Energy
Global steel giant ArcelorMittal is starting mothballing of its two blast furnaces at its Florange site in Lorraine, France on Wednesday, April 24, according to media reports. The company expects to complete the shutdown of the hot stoves ...
Tags: steel giant, Mineral
Global steel use is expected to increase by 2.9% to 1.5bn tonnes during 2013, following a growth of 1.2% in 2012, according to the latest World Steel Association (worldsteel) estimates. The association’s Short Range Outlook (SRO) ...
Tags: Refractory Mineral, steel demand, steel
In the first quarter of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, totaled 1.613 million mt, up 9.7 percent year on year, as announced by the company. ...