Germany-based steelmaker Salzgitter Group has announced a further downward revision of its guidance for 2013 given the persisting structural crisis in the European steel industry. The company said that the direct and indirect consequences ...
Tags: Salzgitter, steelmaker
Bursa-based Turkish steelmaker Cemtas Celik Makina Sanayi ve Ticaret A.S (Cemtas) has announced its financial results for the second quarter and the first half of 2013. Cemtas has reported a net profit of almost TRY 4 million ($2.07 ...
Tags: steelmaker, Cemtas
On August 6, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that in July this year its outputs of pig iron, crude steel and finished steel amounted to 845,200 mt, 895,400 mt and 872,200 mt, up ...
Tags: Crude Steel, steelmaker
The auto parts joint venture plant of Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corporation (WISCO) with Chinese automobile manufacturer Chery Corporation has commenced production operations ahead of schedule, ...
Tags: Chery Starts Production, Iron
Henan Province-based Chinese steelmaker Zhongyuan Special Steel Co. has issued its financial results for the first half of the current year, indicating a net profit of RMB 32 million ($5.23 million), down 732.93 percent compared to the same ...
Tags: Special Steel, Net Profit
Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) has announced that on August 6 construction work started on its high-strength galvanized auto steel sheet project in Yufu Industrial Park in Liangjiang New ...
Tags: Ansteel, steelmaker
Moldavian Metallurgical Works (MMZ), a steelmaker based in the Transnistrian region of Moldova, has announced that it restarted production on August 5, after a stoppage of over six months. MMZ had stopped production and shipments in ...
Tags: Moldavian Steel, steelmaker
Russian steelmaker MMK's Turkey-based subsidiary MMK Metalurji has announced that it has reached a settlement with Turkish labor union Celik-Is within the scope of collective labor agreement negotiations and so the strike action which ...
Tags: MMK Metalurji, Strike Action
Major Chinese steelmaker Baosteel announced on August 8 that it has commissioned the third phase of grain oriented silicon steel project. The third phase with an annual production capacity of 300,000 mt helps Baosteel to reduce cost and ...
Tags: Baosteel, Silicon Steel Project
On August 8, Hubei Province-based Chinese steelmaker Daye Special Steel Co. announced that in the first half of the current year it saw a net profit of RMB 111 million ($18.11 million), down 41.24 percent year on year. Meanwhile, its ...
Tags: Special Steel, Mineral
Finland-based steelmaker Ruukki has issued its financial results for the second quarter and the first half of 2013, reporting an operating profit of €17 million in the second quarter, increasing 70 percent year on year. Net sales ...
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Austrian steelmaker voestalpine AG has announced its financial results for the first quarter ended June 30 of the fiscal year 2013-14. Accordingly, voestalpine's net profit in the first quarter decreased to €139 million, falling 4.3 ...
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Fujian Province-based Chinese steelmaker Fujian Sangang (Group) Co. has announced that in the first half of the current year its crude steel output totaled 3.9416 million mt, up 22.26 percent year on year, on the back of improvements in ...
Tags: Fujian Sangang, Crude Steel Output
ArcelorMittal, the world's largest manufacturer of steel announced a huge second quarter loss. The Luxembourg based steelmaker reportedly recorded a second quarter loss of US$780 million, taking losses incurred by the company thus far ...
Tags: ArcelorMittal, Mineral
On August 2, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO) announced that the first phase of the Bong mine iron ore project in Liberia was successfully commissioned on July 30. WISCO owns a 60 percent ...
Tags: Iron Ore