According to statistics released by China’s National Development and Reform Commission (NDRC), the country’s iron and steel industry realized gross profits of RMB113.1 billion in the first 10 months of this year, slumping by ...
Tags: China, NDRC, iron, steel, gross profits
2012 can be certainly be christened as a Doomsday year in Chinese steel industry with market buried under an avalanche of overcapacity pushing prices down by more than 12 % YoY. The malaise is evident from the fact that the estimated ...
Tags: Chinese steel industry, overcapacity pushing prices, steel market, China
Business Line reported that NMDC is likely to hike prices of iron ore for January, as global ore prices rallied strongly this month in the wake of a demand revival from China. Sources said that the iron ore miner, which currently fixes ...
Tags: NMDC, iron ore, global ore prices, ore market
Outokumpu announced last week that it has completed the Inoxum transaction with ThyssenKrupp AG. The acquisition results Outokumpu a 40% market share in Europe and 12% globally, the largest portfolio in the industry. ThyssenKrupp becomes ...
Tags: Outokumpu, ThyssenKrupp AG, stainless steel industry, Europe
China Daily reported that if the lottery system allowing people to purchase automobiles in first-tier cities was expanded to all major cities across the country, it would be a big damper for the country's steel industry. China's steel ...
Tags: lottery system, automobile, steel industry, China
JFE Holding Inc has delayed a decision to build a USD 3.6 billion integrated steel plant in Vietnam,saying it is worried that the poorly developed market could hinder its operations. JFE had said earlier it would defer a decision on the ...
Mr.Dmitry Nikolaenko,sales director and member of the executive committee of Metinvest,shared his thoughts with SteelOrbis about Metinvest's acquisition of Zaporizhstal,about Metinvest's services and on the Turkish flat steel market in ...
Tags: Metinvest, Zaporizhstal, flat steel
The recycling rate for steel has reached an all-time high of 92%, according to a recent announcement from the Steel Recycling Institute, an industry association that promotes the recycling of all steel products. In 2011, more than 85 ...
Tags: recycling rate, steel, Steel Recycling Institute, steel products
In the January-October period of this year the aggregate gross profit of the Chinese iron and steel industry amounted to RMB 113.1 billion($18.1 billion),decreasing by 48.3 percent year on year,according to the data released by China's ...
Tags: NDRC, Chinese steel industry, steel smelting, processing sector
Business Line reported that the Indian Institute of Materials Management’s Durgapur chapter organized a seminar on “Challenges facing Indian steel industry - A supply chain perspective”, on December 23. Mr PK Singh ...
Tags: Indian Institute of Materials Management, India, steel plants
The government of Australia decided on December 20 to implement anti dumping measures for hot rolled steel coils & sheets imported from Japan. During the anti-dumping investigation by the government, the Japanese steel industry repeatedly ...
Tags: Australia, hot rolled steel coils, Japanese steel industry, steel market
“Work and life” is to be the theme developed at the fifth Made in Steel, the conference and exhibition of the steel industry that will be held in Milan at the exhibition halls of fieramilanocity on 3 - 5 April 2013. The ...
Tags: steel, steel market, steel price, steel work
EUROFER and EuroMetaux have published a joint brochure entitled Recycling Rates for Metals. The brochure supports valid and harmonised recyclability and recycling measurement approaches. These are essential for measuring improvement ...
Tags: Eurofer, metals, metals industry, recycling rates
The United Steelworkers Local 7054 and KES Acquisition Co.(Kentucky Electric Steel)said in a press release Wednesday that they have reached agreement on a new labor contract.The new agreement was overwhelmingly ratified in a ...
Tags: United Steelworkers Local 7054, KES Acquisition Co, new labor contract
The German Steel Federation predicted that the German steel industry’s steel sales volumes would slide by 4% to 42.50 million tons in 2012, due to lower demand caused by decreased investments in automobile and equipment manufacturing ...
Tags: German Steel Federation, steel sales, steel market, automobile