Yunnan Province-based Chinese steelmaker Kunming Iron and Steel Co. Ltd. (KISC) has announced that it plans to issue medium-term bonds worth RMB 1.1 billion ($175 million) on April 9. The period of issuance of the short-term bonds is five ...
Tags: Kunming Steel, Medium-Term Bonds, Mineral
Ezz Steel, the largest steelmaker in Egypt announced to remain its prices for hot rolled coils (HRC) unchanged at EGP4,950/ton for April bookings due to weak demand. It’s learned that the domestic buyers have become more cautious of ...
Tags: Ezz Steel, HRC Prices, Mineral
According to report, Brazil’s steel mill announced the domestic steel price will be stable after the twice price increases since the beginning of 2013. HRC prices are around BRL1, 750~1,830/ton, as CRC is offered around RBL ...
Tags: Mineral, Steel Flat Prices, Metallurgy
Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, has successfully completed ignition and test runs at its Nanjiang iron and steel production base project, as ...
Tags: Steel, Metallurgy, Mineral, Energy, xinjiang
On March 28, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group (HBIS) announced that its Hebei-based subsidiary Handan Iron and Steel Co. (Hansteel) has signed an agreement with China's biggest wheel manufacturing ...
Tags: Wheel Steel, Metallurgy, Mineral, Energy
It's reported that the Chinese steelmaker Ansteel announced its financial result for 2012. In 2012, the company realized a net loss of RMB4.157 billion, slumping from a net loss of RMB2.146 billion in 2011. At the same time, the company's ...
Tags: steel, Metallurgy, Mineral, Energy
It is reported that Brazilian steelmaker Gerdau will begin to operate its new flats mill in the southeastern state of Minas Gerais in April this year. However, the company has not disclosure the specific date to start the operation at this ...
Tags: steel, Metallurgy, Mineral, Energy
The Development and Reform Commission of China's Gansu Province has announced that the recycling and structural adjustment project of Gansu-based Chinese steelmaker Jiuquan Iron and Steel Group (JISCO) has been approved by China's National ...
Tags: Metallurgy, Mineral, Energy, gansu, steel
Liaoning Province-based Chinese steelmaker Angang Steel Co. (Ansteel) has issued its financial results for 2012, announcing a total net loss of RMB 4.157 billion ($663 million), compared to net loss of RMB 2.146 billion in 2011. In 2012, ...
Tags: steel, Metallurgy, Mineral, Energy
Russian steelmaker Evraz has announced that it has signed an agreement regarding the proposed sale of its 85 percent stake in South Africa-based Evraz Highveld Steel and Vanadium Limited (EVRAZ Highveld) to Nemascore (Pty) Ltd, a black ...
Tags: Evraz, Steel Mill, Metallurgy
According to report, Australia’s BlueScope and the world’s second largest steelmaker have commissioned their $1.31 billion joint venture in coated products. Nippon Steel & Sumitomo Metal Corporation (NSSMC) will invest US$540 ...
Tags: Bluescope, Nippon JV, Metallurgy
Reportedly, the Chinese steelmaker Masteel announced its financial result for 2012 on March26th. In 2012, the company posted operating revenues of RMB74.4 billion, falling by 14.33% year on year. At the same time, the company reported a net ...
Tags: Mastee, Net Loss, Metallurgy
Yemen long steelmaker Aden Steel intends to move its 350,000 metric tons/year rebar mill to Rabigh, north of Jeddah on Saudi Arabia's Red Sea coast. The company's official pointed out that this is because the weak demand for Yemen local ...
Tags: Steel Plans, steel, Metallurgy, Mineral, Energy
According to the US GAAP, the Russian steelmaker NLMK posted a net profit of US$596 million for 2012, slumping by 56% year on year due to recognition of one-off provisions and bad operating profits in the fourth quarter. In the fourth ...
Tags: steel, Metallurgy, Mineral, Energy
Global steelmaker ArcelorMittal has announced that it has launched a new ladle furnace at its Hamburg steelworks, which is Germany's fourth largest wire rod producer. ArcelorMittal Hamburg has invested €3.5 million in the new ladle ...
Tags: Metallurgy, Mineral, Energy, steel