In its financial results according to US GAAP (Generally Accepted Accounting Principles) for 2013, Russian steelmaker NLMK Group's net profit decreased by 68 percent compared to the previous year to $189 million due to reduced profits from ...
Tags: steelmaker, NLMK Group, EBITDA
Russian steelmaker Severstal has announced that Severstal-Gonvarri-Kaluga, a joint venture between Severstal and Gonvarri , has begun producing blanks for interior and exterior parts of the Volkswagen Jetta. This is the second Volkswagen ...
Tags: steelmaker, Severstal, Volkswagen Jetta
Austria-based plantmaker Siemens Metals Technologies has announced that it has received an order from South Korean steelmaker Hyundai Steel for a continuous bloom casting machine, a large bar rolling mill and a small bar and wire rod mill ...
Indian steelmaker Jindal Steel and Power will stop buying coking coal from Australia within three months, as the company has its own coal mines in the country, according to Reuters. This is seen as a move that could further soften commodity ...
Tags: Jindal Steel, Coking Coal, coal mines
Japan-based steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) announced that it has signed a memorandum of understanding with the joint stock company UTC2, technical consulting company whose parent equity holder is the University ...
Tags: Structural Steel, steelmaker, Nippon Steel
Russian steelmaker Severstal has announced that its Balakovo Long Product Mill has initiated hot commissioning at its arc-furnace shop,producing its first steel billets. A number of specialists were involved in the hot commissioning at ...
Tags: Severstal, steelmaker, Metallurgy
Trader procurement continued to boost spot demand in the Asian iron ore market, as trades got concluded at increasingly higher levels on the day, supporting a firming market. The Platts 62% Fe Iron Ore Index rose $2.75/dmt to $111.50/dmt ...
Tags: Iron Ore Market, spot demand, steelmaker
On March 12, Tianjin-based Chinese steelmaker Tianjin Pipe (Group) Corporation (TPCO) announced that on March 14 it will issue short-term bonds worth a total of RMB 500 million ($81.7 million) for a term of 365 days. This is the steel ...
Tags: steelmaker, steel, Metallurgy, Mineral, Energy
Hebei Province-based Chinese steelmaker Heibei Iron and Steel Group has announced that in February this year its subsidiary Tangshan Iron and Steel Co. (Tangsteel) exported a total of 2,332 mt of pickled cold forming steel for application ...
Tags: Steel, Metallurgy, Mineral, Energy
Chinese steelmaker Tangshan Steel, a subsidiary of Hebei Steel Group, recently exported 1,200 mt of cold rolled galvanized steel products to Malaysia, which were well-received by customers in Malaysia. Tangshan Steel's cold rolled steel ...
Tags: Steel, CR Steel, Metallurgy, Mineral
Japanese steelmaker Marubeni-Itochu Steel Inc. has announced that it has entered into an agreement with Pakistan-based manufacturer of automotive parts and components Dawood Engineering (Pvt.) Ltd to jointly establish a new steel processing ...
Tags: Metallurgy, Mineral, Energy, Steel
On March 10, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that it has completed issuance of two-year corporate bonds worth a total of RMB 3 billion ($490 million). Baogang had received approval ...
Russia-based pipe producing company United Metallurgical Company (OMK) has stated that up to August of the current year it will supply 50,000 mt of oil and gas pipeline pipes for application in the V. Filanovsky oil and gas deposit ...
Tags: Metallurgy, Mineral, Energy, Pipes, steel pipe
Russian steelmaker Severstal has announced that it increased its supplies to building contractors in Russia to 3.362 million mt in 2013. This constitutes a 14 percent increase compared to 2012. In the whole of 2013, Severstal Invest's ...
Tags: Metallurgy, Mineral, Energy, steel, steel products, Construction Industry
Chinese steelmaker Chongqing Iron and Steel (Group) Co. announced on March 10 that it renewed its strategic cooperation agreement with China's state-owned Sinosteel Corporation on March 5. Sinosteel Corp.'s main activities include mining, ...
Tags: Chongqing Steel, Steel, Metallurgy, Mineral