Hyundai Steel, the second largest steel maker in Korea said on Thursday that it plans to merge with Hyundai Hysco Co's auto steel sheet making division. The merge is to cut costs and improve profitability said Hyundai Steel. The Board of ...
Tags: Steel, Construction
Severstal produced 4 million mt of crude steel in the July-September quarter, unchanged from Q2, the Russian miner and steelmaker said Thursday. Of the total, 2.8 million mt (70%) was made in Russia with the remaining 1.2 million mt ...
Tags: Steel, Construction, Metallurgy, Mineral, Energy
Russian steelmaker Severstal has announced its operational results for the third quarter of the current year. Accordingly, Severstal's crude steel production was in line with the previous quarter at four million mt (Q2 2013: 4.0 million ...
Tags: steel, Metallurgy, Mineral, Energy
On August 23rd, Baosteel piblished 2013 semi-annual report, which shows that in the first half year, Baosteel has achieved iron output of 11 million tons, steel output of 11.41 million tons, sales volume of steel products of 11.078 million ...
Tags: domestic industry, Mineral
Russian steelmaker Severstal has announced that its Cherepovets steel mill increased its steel supplies to building contractors in Russia to 1,635,000 mt in the first half of 2013, up 17 percent compared to the same period of 2012. ...
Tags: Severstal, Steel Supplies
Germany-based steelmaker Salzgitter Group has announced that in the first half of the current year its performance was largely determined by the structural crisis in the European steel industry. Severe competition resulting from scarce ...
Tags: Steel Industry, steelmaker
Germany-based steelmaker Salzgitter Group has announced a further downward revision of its guidance for 2013 given the persisting structural crisis in the European steel industry. The company said that the direct and indirect consequences ...
Tags: Salzgitter, steelmaker
Austrian steelmaker voestalpine AG has announced its financial results for the first quarter ended June 30 of the fiscal year 2013-14. Accordingly, voestalpine's net profit in the first quarter decreased to €139 million, falling 4.3 ...
Tags: Voestalpine, steelmaker
Russian steelmaker Severstal has announced its operational results for the second quarter of the current year. Accordingly, Severstal's crude steel output increased by five percent quarter on quarter to 4.031 million mt in the second ...
Tags: Crude Steel Output, Mineral
Mika Seitorvita, CEO of Finnish steelmaker Outokumpu, has stated that the bids received so far for its Italian asset Acciai Speciali Terni (AST) do not meet the expectations of the Finnish company. "The bids Outokumpu has received so far ...
Tags: Italy, steelmaking, Outokumpu, European Union, Brescia
It’s reported that the Russian steelmaker Severstal released the financial results for the first quarter of this year. In the first quarter of this year, Severstal posted a net profit of US$44 million, slumping by 90% year on ...
Tags: Construction, Severstal, Steel division
Russian steelmaker Novolipetsk Steel (NLMK) said that its long steel division shipped around 446,100 tons of rebar in the first four months of this year, remaining flat in comparison of those in the same period of a year ago. Among ...
Tags: NLMK, Steel, Construction
According to a company statement, in the January-April period of this year the long steel division of Russian steelmaker Novolipetsk Steel (NLMK) shipped around 446,100 mt of rebar, almost unchanged compared to the same period last year, ...
Tags: NLMK, Long Steel
Russian steelmaker Severstal has announced its financial results for the first quarter of 2013. Accordingly, in the first quarter Severstal registered a net profit of $44 million, down almost 90 percent compared to the corresponding quarter ...
Tags: Severstal, Net Profit, Q1
Germany-based steelmaker Salzgitter Group has issued its financial results data for the first quarter of the current year, stating that the performance of the company was overshadowed by persistently unfavorable general economic conditions ...
Tags: Salzgitter, Loss, Steel