International credit ratings agency Moody's has announced that it has changed the rating outlook on Australian steelmaker Bluescope Steel to positive from stable. At the same time, Moody's has affirmed Bluescope's Ba3 corporate family ...
Tags: steelmaker, Steel
International credit rating agency Moody's has announced that the outlook for the European steel industry will remain stable until 2015, despite anticipated capacity utilization and profitability improvements. According to Moody's report, ...
Tags: steel industry, Moody's
In response to the US DOC’s final determinations in the antidumping/countervailing duty case against rebar imports from Mexico, Raúl Gutiérrez Muguerza, director of Deacero, said he is confident that the defense of this ...
Tags: antidumping, countervailing duty
In the first eight months of the current year, Turkey's steel exports totaled 11.8 million mt, down 5.6 percent year on year, while the value of these exports decreased by 4.3 percent year on year to $9 billion, according to the data ...
Tags: Steel Export, Metallurgy
Aceros Carazo, a Costa Rica-based company dedicated to the import and marketing of steel industry equipment, announced this week that it has acquired Reimers Industrial, a 107-year-old distrubutor. With the acquisition of Reimers, Aceros ...
Tags: Aceros Carazo, Distributor, Energy
In the January-July period of the current year, China's crude steel output amounted to 480.76 million mt, up 2.7 percent year on year, as announced by China's National Development and Reform Commission (NDRC) on August 25. The growth rate ...
Tags: China's Crude Steel, Output, Metallurgy
Fujian Province-based Chinese steelmaker Fujian Sangang (Group) Co. issued its financial results for the first half of the current year on August 25, announcing a net loss of RMB 43.1284 million ($7.01 million) compared to a net loss of RMB ...
ThyssenKrupp plans to invest up to BRL 450 million (US$197.4 million) in Brazil between 2013 and 2016, according to media reports. Several projects, which are included in the total investments the company expects to make in the country, ...
Tags: Metallurgy, Mineral, Energy
Brazilian sales of flat steel are expected to slow down this year, steel distributors said recently. Brazil distributor association Inda said domestic sales of flat steels reached 2.5 million mt from January to July, reflecting a 1.9 ...
Tags: Brazilian, Sales, Metallurgy
The Ukrainian association of metal producers Metallurgprom has announced that in the first half of this year exports of rolled steel by Ukrainian metallurgical enterprises declined by two percent year on year to 11.550 million mt, including ...
Tags: Rolled Steel Export, Mineral
Taxes on Brazil steel products have been adding costs to the competitiveness of the country’s industry, an executive said recently. Citing a comment from Sergio Leite, vice-president for sales at Usiminas, a media report said high ...
Tags: Taxes, Competitiveness, Energy
Brazil’s car fleet will triple by 2050, said government-run energy research agency Empresa de Pesquisa Energetica (EPE). According to an EPE report, Brazil should have 130 million cars running on the streets by 2050. The growth in ...
Tags: Brazil, Car Fleet, Metallurgy
With the weakening of domestic sales, Brazil steelmakers are looking to expand exports. According to executives from companies like Companhia Siderurgica Nacional (CSN) and Usiminas, the strategy of increasing exports would help steel ...
Regarding the 11 percent antidumping (AD) duty imposed on Turkish hot rolled flat steel imports, the Turkish Steel Exporters Association (CIB) has said that the Moroccan authorities did not specify how the duty rate was calculated and what ...
To maintain controls on imports of steel products and to avoid triangulation or entry under unfair practices, the Mexican Ministry of Economy (SE) has started granting automatic import notices. The decision will apply to the approximately ...