Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA (Usiminas) reported loss in the fourth quarter as weak market demand draw down the performance of strong sales and massive turnaround in operations. Usiminas posted a ...
Tags: Usiminas, operation earnings, loss
Reportedly, China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan recently released its financial result. The company realized combined sales incomes of NT$32.51 billion in January, rising by 7.46% year on year. CSC ...
Tags: Steel Corp, CSC, carbon steelmaker
Reportedly, Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA (Usiminas) planned to stop the operation in Cubatão facility and it will not affect the company’s business. Currently, Usiminas has eight ...
Tags: steelmaker, Usinas, steel
Russian steelmaker Mechel reached an agreement with Invest Nikarom SRL to sell the five steelmaking plants in Romania for the price of US$70. The five are Otelu Rosu, Campia Turzii, Ductil Steel Buzau, Targoviste and Laminorul Braila. ...
Tags: Mechel, coal deposit, rolling mill
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group has announced that in January of the current year its subsidiary Xuanhua Steel exported 1,292 mt of 500 MPa high-strength rebar to Ecuador, marking the first time Xuanhua ...
The Australian steelmaker Bluescope Steel posted a net loss of AUD12 million in the first half of fiscal year 2012/13 ended on December 31st, in comparison of a net loss of AUD530 million in the same period of a year ago. In the first ...
Tags: steelmaker, Bluescope, Steel
It is reported that China Steel Corp. (CSC), the largest steelmaker in Taiwan has received more than 2.7 million tons of order volumes for the first quarter of this year, which is about 5%~8% higher than the received orders in the fourth ...
Tags: HRC Prices, Steel Corp, Steel
Ekaterina Golovanova, the head of marketing & sales at steelmaker Severstal predicted that Russia’s steel consumption would stay on the upward trend in the medium term. It’s expected that Russia’s steel consumption ...
Tags: steel consumption, steel, coated steel
Hunan Province-based Chinese steelmaker Hunan Valin Iron and Steel Co. has announced that in 2013 it plans to produce 14.8 million mt of pig iron,15.51 million mt of crude steel and 15.07 million mt of finished steel.Meanwhile, the company ...
Tags: Valin Steel, finished steel, steel
Hebei Province-based Chinese steelmaker Tangshan Iron and Steel Co. has concluded a deal for the export of 4,000 mt of coated steel sheet to a construction company in Brazil, in its first export transaction for the product in question in ...
Tags: Tangshan Steel, Iron, Steel
On February 19, Zhejiang Province-based Chinese steelmaker Hangzhou Iron and Steel Group Company (HISGC) announced that in 2013 it plans to implement 43 technological upgrading projects, with a total investment of RMB 596.41 million ($95.58 ...
Jiangsu Province-based Chinese steelmaker Yonggang Group Co. has announced that on February 17 it officially launched construction of its new steel bar project which has a planned annual output capacity of 2 million mt. The project, which ...
Tags: Yonggang, steel bar, spring steel
On February 18, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) announced that its ultra-thin high-strength 1.2 mm 700 MPa hot rolled steel sheet (HRS) is now being applied in the production of containers ...
Tags: HRS, steelmaker, steel
Japanese steelmaker JFE Steel Corporation (JFE) has announced that it has signed a memorandum of understanding with Kazakhstan-based KSP Steel LLP (KSP) and Japan's Marubeni-Itochu Steel Inc. (MISI) to discuss how to strengthen their ...
Tags: JFE Steel, KPS Steel, steelmaker
The sharemarket resumed its upward march yesterday as corporate earnings encouraged investors to continue moving from cash and bonds to equities. The benchmark S&P/ASX 200 closed up 0.6 per cent at 5063.4 -- its highest since the ...
Tags: earnings, sharemarket, benchmark