On December 9, 1949 the pioneering decision was taken in Linz to construct a steel mill based on a completely new technology, the Linz-Donawitz process (LD process). Just three years later, on November 27, 1952 the world's first LD steel ...
Tags: LD steel mill, LD process, AG
Mr Zhang Dechen an official at the Ministry of Industry and Information said on November 24, 2012, China's steel industry is experiencing the most difficult time from the past ten years. In the first nine months 2012, large-scale steel ...
Tags: Ministry of Industry and Information, steel industry, steel mill, steel
It's reported that Fitch Ratings has downgraded steel giant Posco's long-term Issuer Default Rating (IDR) and senior unsecured rating to "BBB+" from "A-". Meanwhile, the short-term IDR was at "F2." In 2011 and 2012, high levels of debt ...
Tags: steel, debt to fund investments, steel industry, debt levels
It's reported that Chinese steel industry will see a recovery from the fourth quarter of 2012 through the next year after posting huge losses of RMB 5.5 billion in the first three quarters of this year. According to Mr. Liu Zhenjiang, the ...
Tags: Chinese steel industry, medium-sized steel companies, steel industry
A new meeting with the international market of the steel industry at the fifth Made in Steel will be held in Milan on 3 - 5 April 2013. This event keeps its original conference and exhibition formula: a combination that provides ...
Tags: steel supply chain, fifth Made in Steel, Euro-Inox and Eurometal
Fitch Ratings has downgraded Japan based Nippon Steel & Sumitomo Metal Corporation's Long Term Foreign and Local Currency Issuer Default Ratings and senior unsecured rating to 'BBB' from 'BBB+'. A Negative Outlook has been assigned. The ...
Fitch Ratings has downgraded South Korea-based steel producer POSCO's Long-Term Issuer Default Rating or IDR and senior unsecured rating to 'BBB+' from 'A-', with a negative outlook beimg assigned. Further, the agency has affirmed POSCO's ...
Tags: Fitch Ratings, POSCO, IDR, Long-Term Issuer Default Rating
Economic Times reported that a Supreme Court committee is likely to recommend drastic action against miners in Goa including severe curbs on production in a move expected to hit the state's finances and devastate the country's scandal ...
Tags: miners, iron ore, iron ore industry
THE political production line went into overtime following yesterday’s announcement. MPs and AMs of all political hues reacted to the news almost as soon as it became public. Aberavon MP Hywel Francis rued it as grim news ...
Tags: TATA Steel, local economy
Shangdong-based Taishan Steel plans to commission two stainless cold rolling (CR) mills at its works in Laiwu city in 2013. The company expects to put a 20,000 tpy precision strip mill into operation in June, 2013. The mill is designed ...
It is reported that Shangdong based Taishan Steel plans to commission two stainless cold rolling mills at its works in Laiwu city in 2013. The company expects to put a 20,000 tonnes per annum precision strip mill into operation in June, ...
Tags: Taishan Steel, stainless cold rolling mills, strip mill, steel
China is said to be considering a move to cut tax for iron ore mining companies in a bid to reduce input costs for the nation's steel industry. The country's Ministry of Industry and Information Technology is reportedly working with the ...
Tags: iron ore, tax cut, China, mining companies
Xinhua reported that China's steel industry will face better situations in the fourth quarter and in 2013 after posting whopping losses in the first three quarters. Mr Liu Zhenjiang vice president of the China Iron and Steel Association ...
Tags: China's steel industry, steel industry, recovery, steel market
Reduction Facing with entire loss dilemma in China's steel industry, the government's administrative means on steel capacity reduction can not be relied on alone. More regulate and control means on interests should be put to use to force ...
Tags: Steel Capacity, Chinese steel industry, green taxes, government control
PTI reported that seeking immediate intervention of Steel Ministry, steel producers from Karnataka said they may have to shut their shops due to shortage of iron ore and its higher prices. As per report, there are 37 units which are ...
Tags: Ore Crisis, steel, steel market, Indian steel