Tata Steel's long products business announced today, October 29, that it is planning to take some restructuring measures to strengthen its competitiveness, which will affect management and administrative functions at sites in Scunthorpe, ...
Tags: Steel, Metallurgy, Mineral, Energy
Japanese steelmaker Kobe Steel Ltd (Kobe) has posted a net income of JPY 44.17 billion ($452.97 million) in the first half of the current fiscal year which began on April 1, 2013, compared to a net loss of JPY 38.20 billion in the ...
Tags: steel, Metallurgy, Mineral
At the sixth China Iron and Steel Trade Summit Forum held on October 26 in Zhengzhou, Li Chuangxin, deputy secretary-general of the China Iron and Steel Association (CISA), stated that China's gross domestic product (GDP) and fixed asset ...
Tags: Crude Steel, Mineral
The outlook for the European steel market next year is for a cautious recovery from a low level, according to Jeroen Vermeij, director of market analysis and economic studies at European steel producers' association Eurofer. Speaking at ...
Tags: Apparent Steel, steel market
The groundbreaking ceremony for the iron-making plant of Baosteel Zhanjiang Iron and Steel Co. has been held in Zhanjiang, Guangdong, as announced by Chinese steelmaker Baoshan Iron and Steel (Baosteel) on October 21. The ceremony marks the ...
Tags: steel, Metallurgy, Mineral, Energy, Construction
China's daily imports of crude rebounded in September from the previous month to a fresh record, bearing out forecasts for the country to overtake the United States as the world's largest oil importer, as refineries restarted following ...
Mr. Wolfgang Eder, the president of the European Steel Association (Eurofer), said the steel demand in Europe will increase next year by at least 2% after three years of decline. Customers began restocking since summer. If this situation ...
Tags: Steel Demand, Mineral
The global apparent steel demand growth expectation for 2013 of worldsteel has been revised upwards today, October 7, to 3.1 percent to 1.475 billion metric tons, up from 2.9 percent in the association's short range outlook published back ...
Tags: Steel Demand, Steel Industry
BHP Billiton, the biggest miner in the world, said earlier this week that the global prime material market is weakening due to the increasing supply and also showed its moderate outlook of the steel demand in Asia. The company’s ...
N.C. Mathur, the president of the Indian Stainless Steel Development Association and advisor to Jindal Stainless Limited, India's stainless steel output is expected to hit 4 million tons by 2015. Meanwhile, the growth of the Indian ...
Tags: Stainless Steel, steel, Construction
The British experts from the international metal analysis agencies point out that, global stainless steel production rose 2.9% in 2013, the output will reach 36.4 million tons. The expert points out, although stainless steel production ...
Tags: Stainless Steel, Metallurgy, Mineral, Energy
Russian steelmaker Severstal has announced its financial results for the second quarter and the first half of 2013. Accordingly, in the second quarter Severstal registered a net loss of $44 million, compared to a net profit of $155 million ...
Tags: steel, Metallurgy, Mineral
Dai Zhihao, general manager of major Chinese steelmaker Baosteel, has stated that in the second half of the current year Baosteel's steel product output is expected to decrease due to overhaul work on its blast furnace No. 3 and on its hot ...
Tags: Steel Product Output, Mineral
According to data released by the Indian steel ministry’s Joint Plant Committee, the country’s real consumption of finished steel products totaled 24.14 million tons in April-July, rising by 0.2% year on year. It’s ...
Tags: Finished Steel, Mineral
According to the latest ‘Stainless Steel Report August 2013' issued by Germany-based service center Damstahl, in the first five months of the current year European stainless crude steel production dropped around three percent year on ...
Tags: Stainless Steel Market