It’s reported that Indian steel giant Tata Steel is interested in iron ore assets of one UK’s largest steel trading company, Stemcor. The company asks for banks’ rescue of more than US$1 billion loans as it was ...
Tags: Tata steel, Iron Ore
It’s reported that Korean steel giant Posco has inked a memorandum of understanding (MoU) with the Cameroon government to develop steel industry jointly. Cameroon owns 5 billion tons of iron ore deposits and is ideally to supply ...
Tags: Cameroon, Steel Industry
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
It’s reported that Japan’s steel giant Tokyo Steel announced to remain its prices for steel products unchanged for Augsut. Also, the company has kept its list prices unchanged for consecutive six months. After the announcement, ...
Tags: Tokyo Steel
The Chinese steel giant Baosteel has commissioned Mitsubishi Heavy Industries who is a Japanese multinational engineering, electrical equipment and electronics company to build 2030 mm cold rolling mill for expansion after ordering 2250mm ...
Tags: CR Mill, Construction, steel
Global steel giant ArcelorMittal announced that it has decided not to continue its planned construction of an integrated steel plant and a captive power plant in Odisha State, India. ArcelorMittal's initial planned construction since ...
Tags: Construction, steel
The world’s steel giant ArcelorMittal announced to raise prices for all its coil products by €20/ton for September deliveries. According to an executive of ArcelorMittal, the negotiations on price rise have just started as ...
Tags: Coil Prices, European Market
Korean steel giant Posco said that it has initiated steel powder plant project in Gwangyang. The steel powder plant is expected to help reduce the country’s heavy rely on imports once the facility is put into ...
Tags: Mineral, Steel Powder Plant
Global steel giant ArcelorMittal has announced that it will supply over 40,000 mt of steel plates and coils from its European sites to the shipbuilder STX France in St Nazaire for the construction of the world's biggest cruise ship. Coils ...
Tags: Steel, Shipbuilder
Korean steel giant Posco has given up to build a 6 million tons per year integrated steel mill in the south India and the company already stopped any work of this project. Posco mentioned delays in gaining approvals to mine and persisting ...
It's reported that Korean steel giant Posco is considering to draw out a US$5.3 billion steel mill project in India's Karnataka state. Posco is trying to expand in oversea and signed a preliminary agreement with the state in 2010. However, ...
Tags: Steel Mill, Construction
Turkey-based Posco Assan TST, a stainless producing joint venture built by Korean steel giant Posco and Turkey's Assan Celik announced that it has made the first shipment of 1.5 mm stainless coils in July 14th. It's known that Posco Assan ...
Reportedly, the Chinese steel giant Baosteel announced to cut its export prices for austenitic stainless steel coils by US$100/ton due to lower nickel prices. The official of Baosteel stated that the company decided to cut austenitic ...
Tags: Baosteel, Austenitic Stainless
The world’s steel giant ArcelorMittal’s production and stockholding capacity at its Willenhall service center in the UK was enhanced after the company poured £2.6 million to replace outdated equipment. Once a new ...
Tags: Steel Sheet Capacity, Mineral
It's reported that India's steel giant Tata Steel announced its sales result for the first quarter of the fiscal year 2013/14 ended on June 30th. In the first quarter of the fiscal year 2013/14, the company's sales totaled 2.01 million ...
Tags: Steel