Business Times reported that Oriental Group is looking to raise net proceeds of SGD 21.4 million in a placement of 179.2 million new shares at 12 Singapore cents each. The steelmaker said that the issue price is at a 9.16% discount to ...
Tags: carbon steel manufacturer, carbon steel, Oriental Group, shares
It is learned that Indian major steelmakers are to enhance production capacity for another 24 million tons per year before financial year 2017-2018. According to the Steel Ministry, the state-owned SAIL will ramp up its capacity from ...
Tags: Indian major steelmakers, production capacity, financial year, 2018
Bloomberg reported that antitrust body fined POSCO, Hyundai Hysco Co and five other South Korean steelmakers were fined a combined KRW 291.7 billion (USD 273 million) for fixing the price of some products. The Fair Trade Commission ...
Tags: antitrust body, POSCO, Hyundai Hysco Co, fine, price fixing
Japan's largest electric steelmaker Tokyo Steel Mfg Co has increased what the company pays for locally available ferrous scrap by JPY 500 to JPY 1,000 per tonne for the whole grades at all the company's facilities, effective with December ...
Tags: Japan, Tokyo Steel Mfg Co, ferrous scrap, JPY
Chinese steelmaker Echeng Steel and China Pingmei Shenma Group, a state owned coal producer based in Henan province, have reportedly set up a joint venture in Hubei province. Industry sources said that both sides have a 50% stake in ...
Tags: Echeng Steel, Pingmei Group, coal, coke
Bloomberg reported that Austrian steelmaker Voestalpine AG said on December 19 it may construct a EUR 500 million factory in the US to benefit from cheap gas. Nucor Corp also plans to start up a USD 750 million Louisiana project in mid ...
Tags: Voestalpine AG, steel, gas, Austria
Indonesian state steelmaker Krakatau Steel on Wednesday signed a joint venture agreement with Japanese company Nippon Steel & Sumitomo Metal Corporation to build a steel plant that will supply the domestic automotive industry. The joint ...
Tags: Krakatau Steel, Auto Industry
On December 30, Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel (Group) Co. (TISCO) announced that construction started on its underground mining project at its Ekou iron ore mine in Shanxi on December 27. The total ...
Tags: TISCO, Ekou iron ore mine, Shanxi, December
According to preliminary results, in 2012 Ukrainian steelmaker Zaporizhstal's finished steel product output decreased by 0.7 percent to 3.15 million mt, while its crude steel production also declined by 0.7 percent to 3.78 million mt, both ...
Tags: Ukrainian steelmaker, Zaporizhstal, steel product output, 2012
Luxembourg-based global steelmaker ArcelorMittal has announced that its wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by South Korean steel producer POSCO and Taiwan's China Steel Corporation (CSC) will ...
Tags: ArcelorMittal, steelmaker, AMMC, steel
According to Chinese newspaper Legal Daily,an iron ore project with annual output of 5 million tonne of iron ore,run by Chinese steelmaker Hebei Iron and Steel Mining Company,has been rejected by China's Ministry of Environmental ...
Associated Press reported that last December,a group of investors backed by Alcoa Inc scrapped plans to bring 450 jobs to two new industrial plants at the former Alcoa aluminum smelting plant in North Carolina where once about 1,000 worked. ...
Tags: Alcoa Jobs for License Offer, scrapped plans to bring 450 jobs
The Korean largest steelmaker Posco and the biggest automaker Hyundai Hysco Co. together with five other steelmakers of the country were fined by its antitrust body for a total amount of 291.7 won billion (US$273 million) for fixing the ...
Tags: Korean, steelmaker, Posco, automaker, Hyundai Hysco Co, monopolization
China Steel Corp. (CSC), the largest carbon steelmaker in Taiwan is going to release its list prices for March. Market participants forecasted that CSC might raise its steel plate prices by more than NT$500/ton for March, driven by ...
Tags: CSC, carbon steelmaker, Taiwan, prices
Business Standard reported that TATA Group's holding company,TATA Sons,has pledged shares worth over INR 2,600 crore in three flagship group companies. On December 24th,TATA Sons pledged 11 million shares in TATA Motors,10 million in TATA ...
Tags: TATA Group, TATA Sons, INR