It is reported that one of the biggest Chinese steelmakers Baotou Steel Union will raise US$4.9 billion private share placement in order to buy assets from its parent and replenish working capital. The Inner Mongolia-based company said in ...
Tags: steel, metallurgy
The Competition Commission of India (CCI) has announced that it has approved the proposed merger between Indian steelmakers Uttam Galva Steels Limited (UGSL) and Shree Uttam Steel and Power Limited (SUSPL). The CCI stated that the ...
Tags: steel, metallurgy
Spot prices for 75%-Si ferrosilicon in Asia were steady this week as offers from Chinese sellers remained supported by strong demand and supply tightness in the domestic market. Platts assessed the Chinese export price at $1,460-1,480/mt ...
Tags: Si ferrosilicon, Mineral
South Korea's steel export was down by 4.3% in 2013, the first time within 4 years. According to Korea Iron and Steel Association, the steel exports totaled at 29.2 million tons in 2013, dropped by 4.3% from 30.5 million tons a year ago. An ...
Tags: Steel, Construction
It’s reported that the Japanese steelmakers are mulling to raise tinplate export prices by US$50/ton to Asian buyers for the first quarter of 2014. However, the Asian buyers can only accept the price rise of US$30/ton. ...
Tags: steel, metallurgy
Vietnam's Ministry of Industry and Trade has announced that it has decided to impose provisional antidumping (AD) duty on certain cold rolled stainless steel from China, Indonesia, Malaysia and Taiwan. The provisional antidumping duty ...
Tags: Rolled Stainless Steel, AD Duty
According to the Brazil Steel Institute (IABr), Brazilian crude steel production in the first 11 months of the current year amounted to 31.52 million metric tons, 1.4 percent lower year on year. In the same period, Brazilian rolled steel ...
Tags: Steel Exports, Mineral
According to the Brazil Steel Institute (IABr), Brazilian crude steel production in the first 11 months of the current year amounted to 31.52 million metric tons, 1.4 percent lower year on year. In the same period, Brazilian rolled steel ...
Tags: steel, metallurgy
Russkaya Stal (Russian Steel), a non-prot association of Russian domestic steelmakers, has reported that its main member enterprises produced 4.4 million metric tons of finished steel in November this year, down 4.5 percent from October and ...
Tags: steel, metallurgy
According to the latest data released by Statistics South Africa, in November this year the country's producer price index (PPI) for the basic iron and steel industry decreased by 1.2 percent compared to October and was up 12 percent ...
Tags: iron, steel, metallurgy
Tangshan Iron and Steel Group Co Ltd is leading the effort to go abroad as the country's steel and iron industry struggles with overcapacity, reports Du Juan from Tangshan, Hebei province Against the background of the overcapacity problem ...
Tags: Steel Capacity, Mineral
According to data released by the Japan Iron & Steel Federation (JISF), the country’s shipments of cold rolled (CR) sheets and strips totaled 5.45 million tons in the January-October period, down by 1.12% year on year. Among them, ...
Tags: steel, metallurgy
Due to the expected strong concern about the impact on the market, BlueScope's merge plan of taking over OneSteel's sheet and coil distribution business has hit a hurdle. It’s known that the proposed acquisition would remove ...
Tags: steel, metallurgy
Reportedly, the major steelmakers in the US, Nucor, ArcelorMittal and NLMK have announced to raise its steel sheet prices. The three companies set a minimum spot base prices of US$700/short ton for hot rolled coils and US$810/short ton ...
Tags: steel, metallurgy
Chung Hung Steel, one of the major carbon steel flat product manufacturers in Taiwan is expected to raise its prices for next January, supported by higher demand from Southeast Asia, Europe and the US and Chinese steel mills’ ...
Tags: steel, metallurgy, Taiwan