International credit ratings agency Fitch Ratings has announced that it has downgraded Luxembourg-based steel giant ArcelorMittal's credit rating to BB+, below investment grade. The rating agency stated that the downgrade reflects the ...
Tags: Fitch Ratings, ArcelorMittal, steel, steel market
Entering in the penultimate year before the general elections in 2014 aspirations are soaring high about an imminent policy push by the government to kindle growth and demand in economy. Even the year is expected to end on a dour note ...
Tags: penultimate year, economy, India, Steel
Mechel has announced the appointment of a new Managing Director of Izhstal OAO(Izhstal),part of Mechel Group. Mr Anatoly Shchetinin,55,who was appointed the new Managing Director of Izhstal OAO,replaces Mr Konstantin Kretov,who headed the ...
Tags: Mechel, Shchetinin, Managing Director, Izhstal OAO
Reuters reported that German steel production will return to modest growth next year as companies rebuild stocks and demand from the automotive and engineering sectors picks up, a trade group forecast on Tuesday. Europe's steel industry ...
Tags: steel production, steel industry, crude steel output, steel business
According to the European steel association EUROFER, in October this year EU-27 flat steel exports totaled 1.377 million tonne, down one percent, while long steel exports amounted to 1.059 million tonne up 18.58%, both compared to ...
Tags: European steel association, EUROFER, October, flat steel
Mechel’s steel segment’s revenue from external customers in Q3 2012 amounted to USD 1.7 billion or 63% of the consolidated net revenue, a decrease of 10.4% over the segment’s revenue from external customers of USD 1.9 ...
Tags: steel segment, Mechel, steel, Steel Management
Reuters reported that the European Commission is considering whether to hand out more free pollution allowances for the steel sector next year to counter the risk the industry could be driven out of Europe. EU sources said that the cost ...
Tags: steelmakers, steel sector, steel, steel industry
voestalpine Group has set ambitious goals up to the year 2020.With a clear focus on the customer segments Mobility and Energy and on non European growth markets,and with profitability remaining at virtually at the same level compared to the ...
Three days of exclusivity and innovation. On 3 - 5 April 2013, Milano will become the capital city of the international steel industry for the 5th Made in Steel. This event, that will be held for the first time in the fieramilanocity halls, ...
Tags: international steel industry, city centre of Milan, exhibition
The steel industry is essential for growth and prosperity in Europe. It is in the interest of the whole European Union and its manufacturing sectors to have a competitive steel industry and to secure supply through domestic production. ...
Reportedly, the steel market in Europe continues to face downturn. As 2012 is coming to an end, the buyers are extremely reluctant to place orders but steel mills are hiking prices, hoping to get better results at the reopening in ...
Tags: Carbon steel, Steel Market, Russian Mills
Fitch said that Western European steel output is unlikely to recover in 2013 due to depressed demand levels across the eurozone. Steel volumes will probably fall by up to 3%, Fitch Ratings believes, putting pressure on producers' ...
Tags: steel output, Europe, steel volumes, steel market, steel industry
Reuters reported that it is unwise for governments to intervene to avoid the closure of steel plants in the euro zone's oversupplied market. The chief executive of Austrian steelmaker Voestalpine said that in the last few weeks both the ...
Tags: steel plants, steel production, Eurofer
European Commission vice president Mr Antonio Tajani, responsible for Industry and Entrepreneurship met with high representatives from the Steel Industry and the Social Partners in the second meeting of the High-level Roundtable on the ...
Tags: steel industry, meeting of the High-level Roundtable, european economy
Three days of exclusivity and innovation. On 3 - 5 April 2013, Milano will become the capital city of the international steel industry for the 5th Made in Steel. This event, that will be held for the first time in the fieramilanocity halls, ...
Tags: 5th Made in Steel, international steel industry, steel industry, steel