Shanghai-based Chinese steel giant Baosteel has announced that its subsidiary Baosteel Special Steel's steel used in automobile crankshafts has been granted certification by major Japanese auto producer Toyota Motor Company. Accordingly, ...
Tags: Baosteel, Crankshafts
Reportedly, the Chinese steel giant Baostee announced to cut its tinplate list prices by RMB100/ton for June. It’s learned that the company remained its tinplate list prices unchanged but offered some discounts for May after ...
Its’ reported that the Chinese steel giant Baosteel released its price policy for June. Baosteel decided to cut its domestic prices for hot rolled steel, cold rolled steel and galvanized steel products by RMB180/ton, RMB150/ton and ...
Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, has announced that on May 14 it will issue short-term bonds worth RMB 1 billion ($161 million) in a third-phase bond ...
Tags: Bayi Steel, Short-Term Bonds
Russian steel giant Magnitogorsk Iron and Steel Works (MMK) has announced that its Turkey-based subsidiary MMK Metalurji reported no crude steel output in the first quarter of this year, due to smelting capacities being idled in November ...
Tags: Crude Steel Output, Mineral
The Korean steel giant Posco announced to raise its list prices for ferritic stainless hot rolled coils (HRC) and cold rolled coils (CRC) by KWR100,000/ton respectively for May in order to reflect higher ferrochrome prices. Meanwhile, the ...
Tags: Posco, Ferritic Stainless Coils
Austria-based steelmaker voestalpine has announced that it has become the first company to reach an agreement with German national rail operator Deutsche Bahn, regarding the German rail steel cartel. Accordingly, voestalpine has agreed to ...
Tags: Voestalpine, Deutsche Bahn, Rail Cartel Case
Kim Jae-Yeol, the Senior Vice President of the Korean steel giant Posco planned to raise its auto-sheet sales this year by increasing exports to customers in emerging countries such as India and China, aiming to offset the forecasted drop ...
Tags: Posco Targets, Auto Sheet Sales
On April 25, Shanghai-based Chinese steel giant Baoshan Iron and Steel Co. Ltd (Baosteel) issued its financial results for the first quarter of this year, indicating a net profit of RMB 1.628 billion ($262 million), up 33.3 percent on ...
Tags: Baosteel, Net Profit
On April 23, Zhejiang Province-based Chinese steelmaker Ningbo Iron and Steel Co., a subsidiary of Chinese steel giant Baosteel, announced that in the first quarter of the current year its gross profit amounted to RMB 232 million ($37.3 ...
Tags: Ningbo Steel, Gross Profit
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
It's reported that Chinese steel giant Taigang released its price policy for hot rolled steel products and medium heavy plates for May. The company decided to cut the prices for hot rolled steel products and medium heavy plates by ...
Tags: steel, Metallurgy, Mineral
It's reported that Korean steel giant Posco has completed the first phase of its high-grade galvanized steel sheet projects in Shunde in the southern Chinese province of Guangdong. The investment for the overall project is expected to hit ...
Tags: steel Sheet, Metallurgy, Mineral, Energy
The Chinese steel giant Wuhan Iron and Steel Corp. (Wisco) released its price policy for May. The company decided to cut its list prices for hot rolled (HR) steel products by RMB200/ton for May. Also, it reduced its list prices for cold ...
Tags: HR Steel, Metallurgy, Mineral, Energy
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. ...