India-based steel producer Essar Steel has announced the launch of high quality, color-coated products, specially developed for the market in the southwestern Indian state of Kerala. These specialized steel products will largely be used in ...
Sault Ste. Marie, Ontario-based Essar Steel Algoma, a producer of flat rolled and plate steel products, reported Tuesday an EBITDA loss of $8.4 million for the three month period ending June 30, 2013, compared to EBITDA of $64.2 million for ...
Tags: Steel Prices, Steel Algoma
It’s reported that the depreciation of Indian currency caused high production cost for the Indian steel mills. JSW Steel and Essar Steel announced to raise its price for its steel flats and longs for August. Essar Steel has ...
Tags: JSW Steel, Essar Steel
Essar Steel, one of India's leading integrated steel producers, has announced that it has launched a new kind of specialized steel product in the Indian market. The newly-launched wood-finish steel products manufactured at Essar Steel's ...
Tags: Essar Steel, Specialized Steel
Camp Hill, Pennsylvania-based diversified global industrial company Harsco Corporation announced Tuesday a new multi-year contract valued at more than $160 million over its duration with Essar Steel India Limited, one of India's largest ...
Tags: Harsco, Essar Steel, Mineral
The steelmaker Essar Steel Algoma has just reported a US$92.7-million loss for the fourth quarter of fiscal year 2013, which is much bigger than US$18 million loss for the fourth quarter of a year ag. In the report, the steelmaker's quarter ...
Tags: Essar Steel Algoma, Q4
It's reported Essar Steel Algoma has extend its current agreement with its iron ore pellet supplier-Cliffs Natural Resources Inc. from 2016 to 2024. This agreement is pleased to control the pallet cost. Essar Steel Minnesota is also ...
Tags: Construction, Metallurgy, Mineral, Energy
A long-standing dispute over the problems surrounding Kenya's sole refinery in Mombasa is escalating, triggering fears the country could lose clout as an investment magnet for neighboring countries. A financial crisis at the aging plant ...
Tags: Chemicals, Metallurgy, Mineral, Energy
Sault Ste. Marie, Ontario-based Essar Steel Algoma's lenders have approved an amendment to the company's September 2012 credit agreement allowing for credit support from its parent companies to reinforce Essar Steel Algoma's liquidity ...
Tags: Lenders, Steel Algoma
Sault Ste. Marie, Ontario-based flat rolled sheet and plate steelmaker Essar Steel Algoma announced Wednesday that its parent companies will provide $50 million of credit support to reinforce the company's liquidity position. The Company ...
Tags: Essar Steel, Liquidity
Indian Essar group (Essar) is planning to spend about US$275 million to set up a ten million ton port in Mozambique. The port will facilitate exports from Zisco, a Zimbabwe based company Essar acquired in 2010 with 56% stake that cost ...
Tags: Essar, Mozambique, exports
It is learned that Essar Steel Minnesota will sell its iron ore pellets to ArcelorMittal USA from its new taconite plant in Minnesota which costs US$1.7 billion. According to Essar’s press release, the 10-year deal likely will ...
Tags: Essar Steel, mine, steel
Essar Steel Algoma, Ontario-based steel flats producer announced that its net loss of US$25.1 million for the second quarter ended on December 31st, 2012 although the company’s shipments increased by 19.6% year on year in the given ...
Sault Ste. Marie, Ontario-based flat rolled steelmaker Essar Steel Algoma Inc. reported Wednesday a net loss of $25.1 million for the three month period ending December 31, 2012 (fiscal Q3). The results for Q3 reflect the impact of lower ...
Tags: Essar Steel, Mineral, Metallurgy
Essar Steel Minnesota LLC (ESML) announced Monday that it has entered into a long term iron ore pellet off-take agreement with ArcelorMittal USA. The term of the agreement is 10 years and the supply of pellets is expected to commence during ...
Tags: Essar Steel, Iron Ore, Mineral