It is reported that the Al Ezz Dekheila Steel Company, the largest steel company in Egypt and the Middle East and North Africa Region, has cut back the prices of steel rebar by EGP 200 per ton to hit EGP 4400 before tax in an attempt to ...
Tags: Ezz Steel, Steel Rebar Prices
Young was started out working as an accountant before he turned into a successful businessman who travelled the globe to build his company (Simpac) into a significant UK player in the sourcing and supply of bags – from paper potato ...
Raymundo Díaz O ate, president of Mexico's National Confederation of Steel Distributors (CONADIAC) announced in a press release this week that the economic recovery will probably not engage fully in the second half of 2013, but ...
Tags: Conadiac Chairman
Taiwan's largest steelmaker China Steel Corporation (CSC) has announced that in July this year its carbon steel sales volume amounted to 767,788 metric tons, up 4.3 percent compared to June, accounting for 67 percent of domestic sales. In ...
Tags: Carbon Steel Sales
Australia’s peak national motoring organisation says the Federal Government’s $200 million assistance package for the local car industry is an admission that its changes to the fringe benefits tax (FBT) rules were a mistake. ...
Tags: Package Announcement
General Motors has cut US$5000 ($5600) from the Chevrolet Volt in the US to combat aggressive pricing from its electric rivals. Available later this month, the 2014 Chevrolet Volt will start at US$34,995 ($38,900), including an US$810 ...
Tags: GM, Chevrolet Vol
Ford Australia will cut vehicle production in the lead-up to September’s federal election following record-low sales, which the company has blamed primarily on the government’s proposed fringe benefits tax (FBT) rule changes. ...
Tags: Ford Australia
After posting anemic growth of 0.1% in 2012, Latin America's manufacturing sector is poised for moderate growth through 2014, according to a new report. The Manufacturers Alliance for Productivity and Innovation's Latin America ...
Tags: Processing Machinery, Machinery
Germany-based steelmaker Salzgitter Group has announced a further downward revision of its guidance for 2013 given the persisting structural crisis in the European steel industry. The company said that the direct and indirect consequences ...
Tags: Salzgitter, steelmaker
Moldavian Metallurgical Works (MMZ), a steelmaker based in the Transnistrian region of Moldova, has announced that it restarted production on August 5, after a stoppage of over six months. MMZ had stopped production and shipments in ...
Tags: Moldavian Steel, steelmaker
Australian iron ore giant Rio Tinto has announced its financial results for the first half of 2013, registering decreased earnings amid lower average market prices and a higher effective tax rate. However, the decrease in the company's ...
Tags: Net Profit, Rio Tinto
Luxembourg-based food and beverage containers manufacturer Ardagh Group is all set to invest $93.5m to establish a metal packaging manufacturing operation in a 525,000ft2 facility in Roanoke County, Virginia, US. Virginia Governor Bob ...
Raymundo Díaz O?ate, president of Mexico's National Confederation of Steel Distributors (CONADIAC) announced in a press release this week that the economic recovery will probably not engage fully in the second half of 2013, but ...
Tags: steel, Construction
Liberty Mutual Holding Company (LMHC) has reported net income of $448m for the second quarter of 2013, with an increase of $309m, compared to the same period last fiscal. For the quarter period ended on 30 June 2013, its revenues stood at ...
Tags: Liberty Mutual
A Louisiana state panel has approved using $20 million in state Mega Project funding to bring Benteler Steel to the Port of Caddo-Bossier.? According to local reports, the funds will go toward infrastructure improvements and site/facility ...
Tags: Transportation, Metallurgy, Mineral, Energy