Italy-based auto parts manufacturer C.L.N. Coils Lamiere Nastri S.p.A. (CLN) has announced that it has closed its equity investment agreement with Japanese steelmaker Marubeni-Itochu Steel Inc. (MISI) according to which MISI now owns a ...
Tags: Auto Parts, Mineral
Reportedly, global steel giant ArcelorMittal cuts its 2013 core profit guidance this Thursday on weaker demand and lower raw material prices. According to ArcelorMittal that the group's earnings before interest, tax, depreciation and ...
Tags: ArcelorMittal, Mineral
The Chinese steelmaker Shagang announced to raise its domestic prices for hot rolled coil (HRC) by RMB170/ton for August. After the adjustment, its list prices for Q235 HRC with thickness of 5.5mm are at RMB3, 700/ton with 17% VAT. ...
Tags: steelmaker, Chinese Shagang
Reportedly, Indian steelmaker JSW Steel planned to develop new steel plant for producing non grain oriented grade electrical steel at Vijayanagar steel complex in Bellary for 2015. The new plant will design an annual production capacity ...
It’s reported that Korean steelmaker Hyundai Steel announced to hike its export prices for H beams and other sections by US$20~US$30/ton for August orders. After the adjustment, the export prices for H beams are at US$700~US$720/ton ...
It’s reported that the Chinese steelmaker Shagang announced to raise its rebar ex-work prices by RMB50/ton for the deliveries during August 1st and 10th. Meanwhile, the company has hiked its rebar prices for consecutive three times. ...
Tags: Rebar Prices, Mineral
It’s reported that the Brazilian steelmaker Gerdau posted a net profit of BRL401 million for the second quarter of this year, jumping by 150.6% from a quarter but falling by 27% year on year. In the second quarter of this year, ...
Tags: steelmaker, Gerdau
Steelmaker Ternium reported Wednesday net income of $134.4 million for Q2 2013, down from $151.4 million in the previous quarter, but higher than the $115.4 million reported in Q2 2012. Steel shipments in Q2 2013 of 2.2 billion tons were ...
Tags: Ternium, Stable Sales
On July 29, Shanxi Province-based Chinese steelmaker Taiyuan Iron and Steel (Group) Co. (TISCO) announced that a successful hot run test was completed at its new ultra-fine steel slag production line No. 2 on July 22, with TISCO now ...
Tags: steelmaker, Mineral
Russian steelmaker Severstal, one of the world's leading steel and steel-related mining companies, has announced that its Cherepovets Steel Mill is to upgrade its four-stand cold reduction mill to improve product quality, reduce costs and ...
The world's largest steelmaker Luxembourg-based ArcelorMittal has announced its financial results for the second quarter and the first half of the current year, stating that it has had to lower its guidance for 2013 due to weaker than ...
Tags: ArcelorMitta, steelmaker
In July this year, Ukrainian steelmaker Zaporizhstal's finished steel product output increased by 9.5 percent to 282,900 mt, while its crude steel production rose by 7.7 percent to 341,600 mt, both year on year, according to the company's ...
Tags: Finished Steel, Mineral
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corporation(WISCO) has announced that it plans to issue medium-term notes worth RMB 7 billion ($1.13 billion) on August 7. The period of issuance of the medium-term notes ...
Tags: WISCO, steelmaker
Russian steelmaker MMK's Turkey-based subsidiary MMK Metalurji has announced that its offer of a 10 percent increase in wages notified to Turkish labor union Çelik-İş has expired as of August 2. After the labor union ...
Tags: steelmaker, MMK
On Thursday, West Chester, Ohio-based AK Steel said that the Chinese Ministry of Commerce (MOFCOM) announced its implementation of the recommendations and rulings of the World Trade Organization (WTO) Dispute Settlement Body (DSB) regarding ...
Tags: AK Steel, WTO Ruling