South Korean steelmaker Pohang Iron and Steel Co. (POSCO) has announced that in the fourth quarter of 2012 its net profit decreased by 45 percent to KRW 561 billion ($518 million), compared to the same quarter of the previous year. The ...
Tags: steelmaker, net profit, steel industry
Anhui Province-based Chinese steelmaker Changjiang Iron and Steel Co., a subsidiary of Ma’anshan Iron and Steel Co. (Masteel), has commissioned its new converter No. 2, as announced by Beijing-headquartered Chinese state-owned ...
Tags: Changjiang Steel, Steel, Steel industry
JSW Steel, the largest steelmaker in India reported its financial result for the third quarter and first nine months of fiscal year 2012/13. In the third quarter, JSW Steel posted profits after tax of INR1.37 billion, falling by 19% ...
Tags: JSW Steel, financial result, steel
On January 28, Chongqing-based Chinese steelmaker Chongqing Iron and Steel Co. announced an estimated net profit of RMB 100 million ($16 million) for 2012, compared to a net loss of RMB 1.471 billion ($234 million) in 2011. Chongqing ...
Tags: Chongqing Steel, China, Mineral
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan recently released its financial result for 2012. In 2012, the company realized sales revenues of NT$2.07193 hundred billion and sales profits of NT$6.131 billion. ...
Russian steelmaker Severstal has announced its operational results for the fourth quarter and the full 12 months of 2012. Accordingly, Severstal's crude steel output decreased by five percent quarter on quarter to 3.584 million mt in the ...
Tags: Crude Steel, Output, Severstal
Russian steelmaker Severstal has announced that in 2012 deliveries of rolled steel from its Cherepovets Steel Mill, a part of its Russia-based steel division, to Chelyabinsk Tube-Rolling Plant (ChTPZ), a Russian producer of welded and ...
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On January 29, Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. issued its estimated financial results for 2012. According to its preliminary calculations, Xinyu Steel recorded a net loss of RMB 950-1,050 million ...
Tags: Steel, China, steelmaker, iron
On January 29, Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Co. (WISCO) announced that it has won a tender to supply steel pressure pipes and pressure plates for Kajiwa Hydropower Station, located on the Muli River ...
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Gansu Province-based Chinese steelmaker Hongxing Iron and Steel Co., a subsidiary of Gansu-based Jiuquan Iron and Steel Group (JISCO), has announced that it has raised funds worth RMB 8.058 billion ($1.28 billion) by issuing 2.172 billion ...
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Hebei Province-based Chinese steelmaker Tangshan Iron and Steel Co., a subsidiary of Hebei Iron and Steel Group, has announced that its mill No. 2 has successfully produced its first batch of 25 mm HRB 500 high-strength rebar, amounting to ...
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Reportedly, Brazilian steelmaker Gerdau planned to begin the production of flat steel in the first quarter of 2013. However, there is no any further detail has offered so far. Meanwhile, the company has under testing run stage for flat ...
Tags: flat steel operation, steelmaker, flat steel
Anhui Province-based Chinese steelmaker Ma’anshan Iron and Steel Co. (Masteel) has announced that testing of 128 of its newly-developed steel wheels with 1.25 meter diameter for high-power train locomotives has been successfully ...
Tags: steel wheels, steelmaker, Masteel
German plantmaker SMS Meer has announced that it will supply a wire rod outlet for the special steel rolling mill of Jiangsu Province-based Chinese steelmaker Shenyuan Special Steel. The mill has an annual production capacity of more than ...
Pittsburgh, Pennsylvania-based specialty steelmaker Allegheny Technologies Incorporated reported Q4 2012 sales of $1.1 billion and net income of $10.5 million, which includes a "special charge" or $8.8 million. The special charge reflects ...
Tags: steelmaker, Allegheny Technologies, sales