Brazil-based steel producer Gerdau SA has reported its financial results for the second quarter and the first half of the current year. In the second quarter, the net profit of the company was R$401 million ($104.4 million), down 27 ...
Tags: Net Profit, Mineral
Ukrainian mining and steel producing group Metinvest has announced that in the second quarter of the current year its crude steel production increased by one percent to 3.138 million mt compared to the previous quarter of the year. In the ...
Tags: Metinvest, Crude Steel Output
Russian steelmaker MMK's Turkey-based subsidiary MMK Metalurji has announced that its offer of a 10 percent increase in wages notified to Turkish labor union Çelik-İş has expired as of August 2. After the labor union ...
Tags: steelmaker, MMK
In the first seven months of the current year, Ukraine registered a one percent decrease in its finished steel product output to 17.147 million mt, a 0.2 percent decrease in its crude steel output to 19.350 million mt, and a 0.9 percent ...
Tags: Production Results, Mineral
India's finished steel consumption totaled 17.8 million mt in the first quarter of the current Indian fiscal year (started April 1, 2013), stable compared to the level recorded in the same period last year, according to provisional ...
Korean steel giant Posco has inaugurated its No.4 stainless steel plant in Pohang on this Monday. The new stainless plant with designed capacity of 700,000 tons per year will mainly produce ferritic stainless steel. It’s ...
Tags: Posco, Stainless Plant
Mexico’s apparent domestic consumption of liquid steel amounted to 9.12 million tons in the first five months of this year, decreasing by 8.8% year on year, according to data released by the National Chamber of Iron and Steel Industry ...
Tags: domestic consumption, liquid steel
According to National Statistical Committee of the Republic of Belarus, Belarus’s finished steel output declined by 2.4% year on year to 1.27miliion tons in the first half of this year. Among them, steel production totaled 1.42 ...
Tags: Finished Steel, Mineral
It is reported that Taiwan’s Dragon Steel Corp announced to start the operation at its new No.2 sinter plant at its Taichung works, Taiwan. The new facility was designed an annual production capacity of 3.8 million which was ...
Tags: Dragon Steel, Mineral
Reportedly, the stainless steel prices have dipped to 4-year low at end of June, caused by falling nickel prices. It’s learned that Taigang Stainless, the largest stainless producer in China has cut its ex-work prices of 304 ...
Tags: Stainless Steel, Mineral
It’s reported that China’s major stainless producers Baosteel Stainless announced to remain its domestic prices for austenitic stainless steel coils unchanged for August due to more positive market outlook. After ...
Austria-based plantmaker Siemens Metals Technologies has announced that the new sinter plant No. 2 supplied for Taiwan-based Dragon Steel Corporation recently commenced production. The new sinter plant was built as part of the steelmaker's ...
Tags: Sinter Plant, Dragon Steel
Russian steelmaker Severstal has announced its operational results for the second quarter of the current year. Accordingly, Severstal's crude steel output increased by five percent quarter on quarter to 4.031 million mt in the second ...
Tags: Crude Steel Output, Mineral
Japan’s Tokyo Steel announced that its net profits totaled ¥865 million during April through June, 2013, in comparison of net loss of ¥6.014 billion in the same period of a year ago. The net profit was contributed by ...
Tags: Tokyo Steel, Mineral
The national bureau of statistics announced, in the first half of 2013 the Russian steel production fell 2.8% year on year, to 34.7 million tons. Iron production fell by 0.8%, to 25.1 million tons. Finished product rolling production fell ...
Tags: steel, Construction, steel pipe, steel products