Commission encourages Chinese steelmakers to boost global footprint Chinese steelmakers that have lost money because of volatile global iron ore prices should invest more in foreign mineral resources to gain greater pricing power, the ...
Tags: NDRC, Chalco, steelmaker, persist
AK Steel on Tuesday reported a fourth-quarter net profit of $35.2 million, reversing a $230.4 million loss in the year-ago period. For full-year 2013, the West Chester, Ohio-based steelmaker posted a $46.8 million net loss, compared with ...
Tags: AK Steel, West Chester, mechanical
On January 27, Liaoning Province-based Chinese steelmaker Lingyuan Iron and Steel Co. (Lingyuan Steel) announced that, according to its preliminary estimates, its net profit for 2013 increased by over 60 percent year on year. In 2012, the ...
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corp. (WISCO) has announced that its listed subsidiary Wuhan Iron and Steel Co. Ltd will see an estimated 50-100 percent year-on-year rise in its net profit for 2013. ...
Tags: steelmaker, reduced prices of raw materials, lower costs, net profit
Shandong Province-based Chinese steelmaker Qingdao Iron and Steel Group Co. (Qingdao Steel) has announced that it has signed a strategic agreement for further cooperation with Seoul-based South Korean company Kiswire. According to Qingdao ...
Tags: Kiswire, output, strategic agreement, steel
Russian steelmaker Severstal has announced its operational results for the fourth quarter and full year of 2013. Accordingly, Severstal's crude steel production in the fourth quarter decreased by seven percent to 3.78 million mt, while its ...
Tags: Steel Product, Mineral
On January 21, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that it plans to issue short-term bonds worth a total of RMB 1 billion ($163.9 million) on January 24 and January 26. This will be ...
On January 22, Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Co. (Ansteel) announced its preliminary financial results for 2013, stating that it achieved a net profit of about RMB 770 million ($126.2 million) for the ...
Tags: Ansteel, reducing costs
Swedish specialty steel producer SSAB and Finland-based steelmaker Rautaruukki have announced that they have come to an agreement to combine the two companies through SSAB making a recommended public share exchange offer amounting to SEK ...
Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group has announced that its subsidiary Wuyang Iron and Steel Co.(Wuyang Steel) has so far supplied 20,000 mt of steel plate for a viaduct project located in Xiongchu Avenue in ...
Tags: Wuyang Steel, Steel Plate
According to its preliminary data, in 2013 Moldavian Metallurgical Works (MMZ), a steelmaker based in the Transnistrian region of Moldova, produced 190,086 mt of crude steel and 184,676 mt of finished steel products. In December last ...
Tags: Crude Steel, Moldavian Steel
Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., has renewed its strategic cooperation agreement with Sinotrans & CSC Shipbuilding Industry Co., extending cooperation ...
Tags: Chongqing Steel, CSC Shipbuilding
On January 16, Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel) announced that it returned to profit in 2013 following the strong net loss it had recorded in 2012. Accordingly, the group has posted a net ...
Tags: Ansteel Group, Mineral
Jiangsu Province-based Chinese steelmaker Nanjing Iron and Steel Group Co. (Nanjing Steel) has completed the commissioning of its continuous casting project with the commissioning of its continuous casting line No. 3 on January 12, as ...
Tags: Nanjing Steel, continuous casting project, commissioning completed
Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel (Group) Co. (Liuzhou Steel Group) announced on January 13 that in 2013 its pig iron, crude steel and finished steel outputs amounted to 10.33 million mt, 10.73 ...
Tags: Liuzhou Steel, Crude Steel