Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, has announced that on May 14 it will issue short-term bonds worth RMB 1 billion ($161 million) in a third-phase bond ...
Tags: Bayi Steel, Short-Term Bonds
India's Steel Ministry has pointed out that the raw material needs of the two major domestic state-owned steelmakers Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) will increase by up to 39 percent within three years as ...
Tags: Steelmaker, Raw Material
It’s reported that the Japanese steelmakers have increased the prices for non-oriented electrical sheets by US$100/ton averagely for June, mainly for exports to China. However, the price rise seems unfavorable to buyers. The ...
Tags: Steelmakers, Steel
Ezz Steel, the largest steelmaker in Egypt posted a net profit of EGP 8 million for 2012, slumping from EGP 202 million in a year ago. Meanwhile, Ezz Steel realized sales revenues of EGP19.8 million, rising by 6% year on year. Ezz Steel ...
Tags: Egyptian Ezz Steel, Steel
It is learned that steelmaker Ternium, owner of Brazil’s Usiminas, quits the bidding of ThyssenKrupp’s asset Companhia Siderúrgica do Atlantico (CSA). In a conference call, the company’s CEO Daniel Novegil said the ...
Tags: Ternium, CSA, steelmaker
It is reported that Korean steelmaker giant Posco planned to start its wire rod operation at its Pohang works, north of Busan by the end of May this year. The new plant has designed an annual wire rod production capacity of 700,000 tons ...
Tags: Posco, Wire Rod Plant
Fort Wayne, Indiana-based steelmaker Steel Dynamics, Inc. announced Friday two senior level management appointments. Robert (Rob) A. Simon has been appointed to the position of Vice President and General Manager of the company's ...
Tags: Steel Dynamics, Mineral
Russian steel giant Magnitogorsk Iron and Steel Works (MMK) has announced that its Turkey-based subsidiary MMK Metalurji reported no crude steel output in the first quarter of this year, due to smelting capacities being idled in November ...
Tags: Crude Steel Output, Mineral
It is reported that Italian steel producer Ilva has been granted the permission to ship 63,700 meters of steel pipes for an order of worth US$45 million totaling 136,200 meters placed by Iraq Oil Project Company. This order was placed ...
Tags: Italian Ilva, Steel Pipes
Shanghai-based Meishan Iron and Steel Co., a subsidiary of major Chinese steelmaker Baosteel Group, has announced that it plans to issue short-term financing bonds worth RMB 1.8 billion ($291.7 million) on May 7. The bonds will mature ...
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group has announced that in the first quarter this year its subsidiary Hebei Steel Group International Trade Co. booked export orders for a total of 899,500 mt of finished steel. ...
Egypt's largest steelmaker Ezz Steel has announced its financial results for 2012, reporting a net profit of EGP 8 million ($1.15 million), compared to a net profit of EGP 202 million in the previous year. The company's sales revenues ...
Oman-based steelmaker Al Jazeera Steel Products Company has announced that its board of directors has approved a proposal to increase rebar production by upgrading the existing merchant bar mill. This upgrade will allow an additional annual ...
Tags: Al Jazeera, Steel
Austria-based steelmaker voestalpine has announced that it has become the first company to reach an agreement with German national rail operator Deutsche Bahn, regarding the German rail steel cartel. Accordingly, voestalpine has agreed to ...
Tags: Voestalpine, Deutsche Bahn, Rail Cartel Case
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co, a subsidiary of Wuhan Iron and Steel (Group) Corp (WISCO) has announced a net profit of RMB 238 million ($38 million) for the first quarter this year, increasing by 4.53 times ...