Brazil-based steel producer Gerdau SA has reported its financial results for the first quarter this year, posting a net profit of R$440 million ($197.3 million), rising from R$160 million in the corresponding quarter of 2013, mainly ...
Tags: steel producer, iron ore
Swedish specialty steel producer SSAB has posted its financial results for the first quarter of the current year, reporting a net loss of SEK 49 million ($7.5 million) for the given quarter, compared to a net loss of SEK 137 million in the ...
Tags: specialty steel, steel market
UAE-based steel producer Emirates Steel Industries (ESI) has announced that it has launched its new steel sheet pile product, becoming the only steel manufacturer in the Middle East to develop and sell sheet piles. Emirates Steel plans to ...
Tags: Emirates Steel, sheet piles
On April 22, Guangxi Province-based Chinese steelmaker Liuzhou Iron and Steel Co. (Liuzhou Steel) announced that in 2013, its operating revenue amounted to RMB 36.849 billion ($6.011 billion), down 1.15 percent, while it recorded a net ...
Tags: Liuzhou Steel, Iron, Steel
Italian steel producer Lucchini is expected to shut down its blast furnace in Piombino on Wednesday, April 23, after trying to postpone the inevitable end by halting production on Friday, April 18 and using limited raw materials, according ...
Tags: steel producer, Blast Furnace
Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has announced its financial results for 2013 according to International Financial Reporting Standards (IFRS). In 2013, MMK saw a net loss of $2.429 billion compared to a net ...
Tags: steel producer, Steel Works
Russian steel producer Magnitogorsk Iron and Steel Works (MMK) has stated that it has signed an international cooperation agreement with Russia's Economic Development Ministry. Economic Development Minister Alexei Ulyukaev and MMK's CEO ...
Tags: steel producer, Iron, Steel
Brazil-based Gerdau Group has announced that it has presented a preliminary proposal for the acquisition of the French special steel producer Ascometal for €41.5 million. Ascometal has three steel plants located in Hagondange, Les ...
Tags: Gerdau Group, special steel
German plantmaker SMS Meer has announced that it has received an order from Turkey-based steel producer Karabük Demir Celik (Kardemir) for the supply of a special bar quality (SBQ) rolling mill for the production of surface-quenched ...
Tags: plantmaker, steel producer, SBQ Mill
Australia's Antidumping Commission has announced that it has initiated an antidumping (AD) investigation against imports of hot rolled wire rod in coils with a diameter of less than 14 mm from Indonesia, Taiwan and Turkey, upon the ...
On April 14, Mika Seitovirta, CEO of Finland-based stainless steel producer Outokumpu, stated at the company's annual general meeting that in 2013 the weaker-than-expected market and the remedy requirement set by the European Commission ...
Tags: Outokumpu, stainless steel
Sweden-based special steel producer Ovako has announced that in 2013 it registered a net loss of €21 million, widening from a net loss of €4 million in 2012, while the company's sales revenues amounted to €850 million, ...
Tags: Metallurgy, Mineral, Steel
The SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting has started in Barcelona today, March 31, with the participation of over 250 executives, including 101 representatives from 47 steel producer companies and 44 representatives from ...
Tags: Metallurgy, Mineral, Energy, Steel
India's finished steel consumption totaled 67.25 million mt in the first 11 months of the current Indian fiscal year (started April 1, 2013), with a 0.7 percent year-on-year increase, according to provisional estimates released by the Joint ...
Tags: Finished Steel, Steel Production, Mineral
On March 12, Tianjin-based Chinese steelmaker Tianjin Pipe (Group) Corporation (TPCO) announced that on March 14 it will issue short-term bonds worth a total of RMB 500 million ($81.7 million) for a term of 365 days. This is the steel ...
Tags: steelmaker, steel, Metallurgy, Mineral, Energy