Bluescope Steel Malaysia, foresees the steel industry in 2013 to be buoyed by domestic demand in 2013, with the construction sector expected to grow by 11.2 per cent as announced in the recent budget. BlueScope Steel Malaysia comprising ...
Tags: Bluescope Steel, steel industry, domestic demand, 2013
Metallurgical Corporation of China has decided to shelve an AUD 3 billion iron ore project in Western Australia as well as shut its Perth headquarters and withdraw all but five of its staff. The Australian said that that the state owned ...
Tags: Metallurgical Corporation, iron ore project, iron ore mine, iron ore
Business Recorder reported that the Federal Board of Revenue will apply Section 153 of the Income Tax Ordinance 2001 on the ship breaking industry and recover 3.5% withholding tax on sale of ship plates to steel re-rolling mills recovery of ...
Tags: Federal Board of Revenue, Income Tax Ordinance, withholding tax, steel
According to statistics released by the Specialty Steel Industry of North America (SSINA), the US's stainless steel consumption totaled 192,406 tons in September, rising by 21.1% year on year. Among them, the consumption of stainless steel ...
Tags: statistics, Stainless, Steel, stainless steel, stainless steel rod
The Associated Press reported that Aleris is closing its aluminum recycling facility in Pleasants County next year. Aleris spokesman Mr Jason Saragian tells the Parkersburg News and Sentinel that the facility in Bens Run wasn't meeting ...
Tags: Close, Aleris, aluminum recycling, aluminum, steel
Emirates Steel announced that the increase in its steel production volume by 33% through to the end of Q3, 2012. Owned by Senaat GHC, the Company has increased its dispatch of prime quality finished goods by 10% compared with the levels ...
Tags: Steel, Emirates Steel, rebar production, wire rod, Steel production, iron
The London Metal Exhange(LME)announced on November 30 that it will suspend Detroit,Chicago,New Orleans,Dubai,Johor and Incheon as billet delivery locations on the LME steel billet contract.The LME has thus retreated from the US market,after ...
Tags: LME, steel billet contract, US market, steel industry
Business Line reported that the Karnataka Iron and Steel Manufacturers'Association has asked the state government to speed up the grant of various mining leases to resume iron ore mining. Addressing reporters after the KISMA members ...
Tags: KISMA, Mining Clearances, state government
Mr Zhang Changfu secretary general of the China Iron and Steel Association at an annual meeting about China's steel market outlook Saturday said that China is expected to witness 723 million tonnes of crude steel output this year, only a 3% ...
Tags: Steel Output, CISA, Steel, Construction
The News reported that local steel vendors are importing steel bars in the garb of alloy steel bars from China making huge duty evasion to the national exchequer and threatening the local steel industry. The letter from Amreli Steel Mills ...
Tags: mills, alloyed rebars, steel industry, steel vendors
The ratings on the Russian vertically integrated steel group OAO Severstal are constrained by our view of the highly cyclical, capital-intensive, and competitive nature of the steel industry. Steel margins are relatively weak, and in our ...
Tags: steel group, steel, iron ore, coking coal mining
According Malaysian Perwaja Holdings'consolidated financial results for July to September quarter 2012,the group reported a higher revenue of MRY 372.0 million,an increase of 4.4%from the same quarter the previous year,mainly driven by ...
Tags: Malaysian Perwaja Holdings, financial results, loss, ETP projects
Reuters reported that the European Commission is considering whether to hand out more free pollution allowances for the steel sector next year to counter the risk the industry could be driven out of Europe. EU sources said that the cost ...
Tags: steelmakers, steel sector, steel, steel industry
The rating on Steel Authority of India Ltd reflects the company's good market position and diverse customers in India and its favorable cost position due to its captive sources of iron ore. SAIL's good access to funding as a government ...
Tags: Steel, iron ore, steel producer, steelmaking capacity
Tokyo Steel Manufacturing Co is relocating output to deal with rising power costs in the wake of last year's nuclear disaster. The company's president, Mr Toshikazu Nishimoto, said that higher electricity tariffs will push up costs for an ...
Tags: Steel shifts output, power costs, Steel Manufacturing, Steel