Global steel giant ArcelorMittal and Brazilian steelmaker Gerdau have jointly announced that they have entered into a definitive transaction agreement to sell their respective 50 percent interests in Gallatin Steel Company (Gallatin) to ...
Tags: Gallatin Steel, Nucor, ArcelorMittal
Global steel giant ArcelorMittal has announced that it is currently mining and shipping 5 million mt of iron ore per year in Liberia from its operations in Yekepa and Buchanan. The company is also working on an expansion project that will ...
Tags: ArcelorMittal, Liberia, iron ore
In the January-May period of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, totaled 2.480 million mt, down 4.1 percent year on year, as announced by the ...
Tags: Crude Steel, Output, finished steel products
We had the opportunity to speak with Kim Marti Subirana from Celsa Group, the president of IREPAS, during the SteelOrbis Spring 2014 Conference & 70th IREPAS Meeting held on March 30-April 1 in Barcelona. Mr. Marti, how do you view the ...
Tags: Metallurgy, Mineral, Steel
Luxembourg-based ArcelorMittal, the world's largest steelmaker, has announced its financial results for the first quarter this year. Regarding the 2014 outlook, ArcelorMittal has lowered its global steel demand growth guidance to 3-3.5 ...
Tags: Steel Demand, steelmaker
According to the short-range outlook report issued by IREPAS, the global association of producers and exporters of long steel products, the global long steel products market is still characterized by uncertainty amid the adverse effects of ...
Tags: Long Steel Demand, steel products
Canada-based Baffinland Iron Mines Corporation (Baffinland) has announced that it has received the final regulatory approval to begin the first phase of extraction of iron ore in the Mary River project. Baffinland, 50 percent owned by ...
Tags: Iron Ore, Baffinland
The expected growth in global steel demand through 2050 may require a tripling of current seaborne metallurgical coal exports, which may be tough for miners to deliver, according to forecasts delivered Monday by two consultants. An annual ...
Tags: steel demand, steel production
In 2013, ArcelorMittal Kryvyi Rih, Ukrainian steelmaking subsidiary of global steel giant ArcelorMittal, exported 86 percent of its steel product output, compared to 86.4 percent in 2012, as announced by the company. Last year, the ...
Tags: steel products, steelmaking
Speaking on behalf of World Steel Dynamics (WSD) at SteelHome's 10th Steel Development Strategy Conference held recently in Shanghai, Wu Wenzheng, president of SteelHome, said that WSD's global steel output forecast for 2014 is 1.61 billion ...
Tags: Scrap Prices, Steel
US miner Arch Coal on Tuesday cut its 2014 met coal sales guidance by 1 million short tons, to 6.3-7.3 million st, as shipments and pricing remain weak for the foreseeable future. Arch, in its quarterly earnings statement, said it expects ...
Tags: Soft Market, Arch Coal, miner
According to the Economic and Steel Market Outlook 2014-2015/Q2 2014 Report from the Economic Committee of the European Steel Association (EUROFER), in the first two months of 2014 total EU steel exports fell almost six percent year on ...
Tags: Steel Exports, flat products
In the first quarter of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, totaled 1.4073 million mt, down 12.7 percent year on year, as announced by the ...
Tags: Crude Steel, Steel
According to the short range outlook of the World Steel Association (worldsteel) for 2014 and 2015, the worldsteel Economics Committee has revised down its global apparent steel consumption growth forecast to 3.1 percent from the growth ...
Tags: Apparent Steel Use, Worldsteel
Global steel giant ArcelorMittal has announced that it will supply 160,000 mt of high performance steel from its plate mills in Burns Harbor, Coatesville and Conshohocken in the US to be used in the $3.9 billion "New NY Bridge" project. The ...
Tags: steel, Metallurgy, Mineral