It's reported that steelmaker Ternium released its financial for the second quarter of 2012. The company posted net income of US$134.4 million for the second quarter of this year, lower than US$151.4 million in a quarter ago but higher than ...
Tags: steel, Construction
China Steel Corp. (CSC), the largest steelmaker in Taiwan announced that it has initiated commercial production of hot-dipped galvanized coils at its Vietnamese cold rolling and coil-coating project on July 25th. It’s known that ...
Tags: Commercial Production, HDG Project
Korean steelmaker Hyundai Steel’s production of steel flat products totaled 4.08 million tons in the second quarter of this year, soaring by 21% from a quarter ago, boosted by increased hot strip capacity and higher demand. Among ...
Tags: Hyundai Steel, Steel Flats
Brazilian steelmaker Usiminas said it may not raise the steel price again in the short term after it lifted up prices twice this year. The company will adjust the price by following the change in the international market. The company ...
Tags: Usiminas, Flats Prices
Korean steelmaker Dongbu Steel’s sales of cold rolled (CR) steel products totaled 192,000 tons in June, falling by 3.6% from a month ago but rising by 2.9% year on year. Among them, 105,200 tons were made to domestic market, ...
Tags: Dongbu Steel, Mineral
It’s reported that Brazil’s steelmaker Usinas Siderurgicas de Minas Gerais SA (Usiminas) posted a net loss of BRL22 million for the second quarter of this year, improving from a net loss of BRL6.5 million in the same period of ...
Reportedly, Korean Posco, the world’s fifth-largest steelmaker by output posts a KRW240.5 billion (US$215.5 million) of net profit for the second quarter of this year, citing the strong competition from China lured customers with ...
It’s reported that Chinese steelmaker Linyuan Steel planned to pay RMB328 million to acquire a raw material plant and an oxygen plant from its parent group Lingyuan Iron and Steel Group. It’s learned that the plant produced ...
Tags: Linyuan Steel, Raw Material Plant
Cremona-based Italian steel producer Arvedi Group has stated it is interested in leasing Ferriera di Servola, the Trieste-based iron and coke producing unit of Italy's second-largest steelmaker Lucchini, and may subsequently buy the plant. ...
Tags: Steelmaker, Mineral
Austria-based plantmaker Siemens Metals Technologies has announced that the new sinter plant No. 2 supplied for Taiwan-based Dragon Steel Corporation recently commenced production. The new sinter plant was built as part of the steelmaker's ...
Tags: Sinter Plant, Dragon Steel
Russian steelmaker NLMK has announced that it has held a ceremony on July 23 to mark the opening of NLMK Kaluga, its next-generation EAF mill located in the Kaluga region near Moscow. The launch of NLMK Kaluga will help tackle the ...
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
On Monday, an explosion occurred during routine maintenance work at the DRI intake of an electric arc furnace at steelmaker Ternium's Guerrero facility in Monterrey, Mexico. The causes of the incident, which killed four and injured 10, are ...
Tags: Ternium Reports, Steel Mill
West Chester, Ohio-based flat rolled steelmaker AK Steel reported Tuesday a net loss of $40.4 million for Q2 2013, ended June 30, 2013, compared to a net loss of $724.2 million for Q2 of 2012. Net sales for Q2 2013 were $1.4 billion on ...
Tags: AK Steel, Carbon Spot Market
Beijing-based Chinese steelmaker Shougang Co. has announced that in the first half of this year its Xinjiang-based subsidiary Yili Iron and Steel Co. achieved a sales revenue of RMB 730 million ($118 million), up 28.8 percent year on year. ...
Tags: Yili Steel, Mineral