Steelmaker ArcelorMittal has doubled its investments in Brazil in the first half of the year, the company said. The company's Capex reached $241 million in the period, up 97.5 percent from $122 million a year ago. Arcelor's investments ...
Tags: Metallurgy, Mineral, Energy, Steel
Japanese steelmaker Kobe Steel Ltd (Kobe) has issued its financial results for the first quarter ended June 30 of the fiscal year 2014-15. For the given period, Kobe Steel has reported a net profit of JPY 22.9 billion ($222.3 million), ...
Tags: steelmaker, Kobe Steel, steel
Luxembourg-based ArcelorMittal, the world's largest steelmaker, has announced its financial results for the first half this year. ArcelorMittal has adjusted its assumption for iron ore prices to $105/mt, from the previous $120/mt, implying ...
Tags: steelmaker, crude steel
Russian steelmaker Severstal announced that it will supply about 64,000 mt of pipes, made by Izhora pipe plant, part of Severstal Russian Steel, for the Southern Corridor project. The supply will include pipes with diameter of 1,420 mm, ...
Seaborne iron ore prices reversed losses Tuesday, as bullish expectations on Chinese economic performance provided stronger support for the steel raw material. Platts assessed the 62% Fe IODEX $0.75/dmt higher on day at $96/dmt CFR North ...
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group has announced that it plans to issue short-term bonds worth RMB 2.0 billion ($0.33 billion) for a term of 365 days on July 16, in its first short-term bond issue in the ...
Tags: Iron, Metallurgy, Mineral, Steel
Russian steelmaker Severstal has announced that a class "A" mining license for iron ore mining in the Putu Mountain Range has been granted to Putu Iron Ore Mining Company Incorporated (PIOM), a Severstal subsidiary, by the government of ...
Tags: Metallurgy, Mineral, Energy, Iron Ore
Ukrainian steelmaker Ilyich Iron and Steel Works of Mariupol (Ilyich), a subsidiary of Ukraine's largest vertically-integrated mining and steel group Metinvest, has stated that it has invested more than UAH 20 million ($1.68 million) in the ...
Tags: Metallurgy, Mineral, Energy, Steel, Iron
Ukrainian steelmaker Ilyich Iron and Steel Works of Mariupol (Ilyich), a subsidiary of Ukraine's largest vertically-integrated mining and steel group Metinvest, has announced that it is investing more than UAH 52 million ($4.33 million) in ...
Tags: Metallurgy, Mineral, Energy, Steel
Austria-based steelmaker voestalpine has announced that it will supply 120,000 mt of high-strength linepipe plates for Brazilian multinational Petrobras' third pipeline in the world's largest oilfield, near Rio de Janeiro, Brazil, between ...
Tags: Metallurgy, Mineral, Energy
Villacero, Mexico's largest steel distributor, announced this week that it has signed an agreement with Finnish steelmaker Ruukki to distribute special steel products in Mexico, marking the 30th country in which the European firm has a ...
Tags: Metallurgy, Mineral, Energy
South Korean steelmaker POSCO and China-based Chongqing Iron & Steel have signed a memorandum of understanding for a $3.3 billion investment in China, according to media reports. The agreement will cover POSCO's own steelmaking technology ...
Tags: Metallurgy, Mineral, Energy, Iron, Steel
Despite weak fundamentals and largely negative sentiment, the futures and swaps markets recovered some ground through the day, leading to some support for ore prices. Platts assessed the 62% Fe Iron Ore Index up 50 cents from Monday at ...
Tags: steel rebar, ore prices
Beijing-based Chinese steelmaker Shougang Group has announced that on June 18 it plans to issue short-term bonds worth RMB 6 billion ($0.98 billion) for a term of 365 days, in its first short-term bond issue in the current year. Huaxia Bank ...
Tags: Shougang, Short-Term Bonds
Warren Steel is asking Ohio regulators for an electricity rate discount the company says could allow it to attract "strategic partnerships" and reopen its Warren steelmaking plant that was shut in late March. Warren is the latest in a ...