Russian steelmaker MMK's Turkey-based subsidiary MMK Metalurji has announced that its offer of a 10 percent increase in wages notified to Turkish labor union Çelik-İş has expired as of August 2. After the labor union ...
Tags: steelmaker, MMK
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
In the week from July 15 to July 21, the Turkish scrap index moved upwards on the Orbis Steel Index while the US (East Coast) HMS I/II scrap export index maintained its sideways movement. In the given week, the Turkish rebar index continued ...
Tags: Turkish Scrap, Mineral
Turkey's leading special steel producer and supplier Hascelik has announced that it has started operating its crack control line following four months of test production. According to Hascelik's statement, the finishing lines at TOSB ...
Tags: steel producer, Hascelik
As SteelOrbis previously reported, on Tuesday, United States Steel Corporation, Maverick Tube Corporation, Boomerang Tube, Energex Tube (a division of JMC Steel Group), Northwest Pipe Company, Tejas Tubular Products, TMK IPSCO, Vallourec ...
Austria-based steelmaker voestalpine has announced that it has signed a supply agreement with Siemens Industry Inc. and its consortium partner Midrex Technologies Inc. for the construction of the new direct reduction iron (DRI) plant to be ...
Tags: Mineral, Siemens, steelmaker
The European Steel Association (EUROFER) has criticized the European Parliament for approving the European Commission's proposal to temporarily remove 900 million CO2 emissions allowances from the market. According to the European ...
Tags: Carbon Allowances, Mineral
International credit rating agency Standard & Poor's has announced that it has raised the long-term corporate credit rating of Turkish steelmaker Eregli Demir ve Celik Fabrikalari T.A.S. (Erdemir) to 'B+' from 'B', with the outlook being ...
Tags: Turkey-Based Erdemir, Mineral
Austrian steelmaker voestalpine has announced that it has received significant interest from potential customers for the sponge iron to be produced at its direct reduction plant planned to be built just outside the city of Corpus Christi, ...
Tags: raw mat, USA, Mexico, North America, steelmaking, Voestalpine, Istanbul
Turkey's scrap prices which had fallen to $380/mt CFR for HMS I/II 80:20 by early April were still unsustainable given billet and finished steel prices at that period, said Helveco Intertrade SA director Yusuf Güven in a telephone ...
Tags: Scrap, Turkey, Metallurgy
Pakistan-based Tuwairqi Steel Mills Limited (TSML) has recorded the highest-ever production rate of an iron making plant in Pakistan during the plant demonstration test conducted under the expert supervision of the US-based plantmaker ...
Tags: raw mat, Pakistan, Middle East, production, steelmaking, Istanbul
Speaking at the SteelOrbis Market Talks Meeting held in Istanbul, Mehmet Zeren, general secretary of Turkey's Steel Pipe Manufacturers Association (CEBID), informed participants about upcoming steel pipeline projects in Turkey. These ...
Tags: pipe, tubular, Turkey, Europe, opinion, conferences, steelmaking
Australian miner Sundance Resources has announced that it is back in talks with investors regarding the development of its Mbalam-Nabeba iron ore project in Cameroon, following the decision to end takeover discussions with China-based ...
Brazil-based mining giant Vale has reduced its coal export forecast from Mozambique by 30 percent, due to heavy rainfall affecting mining activities in Tete Province in February, according to African Press Agency. Accordingly, the company ...
Tags: Vale, Coal, Mozambique Mine
In the week from May 13 to May 19, the scrap indexes declined further on the Orbis Steel Index. In the given week, the Turkish rebar index continued to decrease, while Black Sea HRC export index switched to sideways movement. The Turkish ...
Tags: Scrap, Orbis Steel Index, Metallurgy