BD Live reported that aveng subsidiary Trident Steel’s ZAR 8.6 million fine set by the Competition Commission was confirmed by the Competition Tribunal on Wednesday. The settlement followed a commission investigation which found ...
Tags: fine set, Competition Tribunal, Trident Steel, Macsteel Service Centres
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
Russian pipe producing company United Metallurgical Company has stated that in November of the current year its foundry rolling complex produced 85,000 tonnes of hot rolled flat steel most consisting of hot rolled coil but also including ...
Tags: pipe producing company, pipe producing, hot rolled flat steel, steel
BlueScope and Nippon Steel Corporation have agreed to form a new joint venture encompassing BlueScope's ASEAN and North American building products businesses. Nippon Steel Corporation (NSC) of Japan will be the world's second largest ...
Tags: BlueScope, Nippon Steel Corporation, joint venture, construction
Economic Times reported that condition for Indian steel players is worse when compared to their global peers. At a time when global steel prices are rising, prices domestically have remained flattish due to subdued demand and continuing ...
Tags: steel, steel prices, flat steel, scrap
Brazil's Ministry of International Trade and Industry has announced that it has terminated its antidumping duty investigation regarding flat rolled product imports from the Russian Federation. The investigation regarding flat rolled ...
According to a statement released by the Turkish Iron and Steel Producers'Association,in November 2012 Turkey's crude steel production via blast furnaces fell by 1.3%compared to October and was up by 16%YoY,amounting to 835,000 tonne,while ...
Tags: crude steel, Turkey, growing
Analysts at Credit Suisse Group cut the recommendation on preferred shares of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA to "underperform" from "neutral," saying recent gains in the price of the stock are probably ...
December has generated some heat in the European flat steel market with mill in major steel producing countries hiking price by EUR 10 per tonne to EUR 20 per tonne. Combination of supply driven and bid to eke out better price in Q1 2013 ...
Tags: steel market, major steel producing countries, hiking price
During the SteelOrbis fall 2012 conference&67th IREPAS meeting held in Munich on September 30-October 2,Peter Marcus from World Steel Dynamics(WSD)has assessed the current situation in the world steel industry and provided an outlook for ...
Tags: SteelOrbis, 67th IREPAS meeting, Munich, WSD
Business Standard reported that amidst all the gloom surrounding the Indian steel sector, prices are again looking up showing signals of a better 2013. Some steelmakers have started to give out feelers to the market that steel prices ...
Tags: metals sector, India, steel, steel industry
Financial Express reported that the Essar Steel, which is reeling under a debt burden of INR 23,500 crore, has asked its board to explore the possibilities of raising up to INR 3,000 crore via convertible debt instruments from domestic and ...
Tags: Essar Steel, debt burden, domestic and overseas markets
Indian mills chanced their first rub with market by increasing HRC price by INR 500 to 1000 per tonne after nearly 2 Quarters. Coming at fag end of the year it was pale shadow of the seasonal hike in price and demand in Q2 and Q3. ...
Tags: Indian mills, HRC price, seasonal hike
According to the information provided by the German steel federation Wirtschaftsvereinigung Stahl, in November this year, Germany's crude steel output amounted to 3.5 million tonnes, decreasing slightly by 0.2% compared to the same month of ...
Tags: steel
According to a statement released by the Turkish Iron and Steel Producers' Association, in the January to October period of this year Turkey's finished steel production reached 28.3 million tonnes up by 7.1% YoY. 20.9 million tonnes of ...
Tags: iron, steel, Turkey, steel production