According to South Africa-based Kumba Iron Ore, subsidiary of Anglo American, South Africa's constitutional court has ruled that only Kumba Iron Ore can apply for the remaining 21.4 percent mining right in Sishen iron ore mine. Kumba, ...
Tags: Iron Ore, Metallurgy, Mineral
It's reported that SSAB Americas announced to raise its prices for heavy plates by US$30/short ton, effective immediately. Meanwhile, it's learned that the major steelmakers in the US including Nucor, SSAB Americas and ArcelorMittal North ...
Tags: Heavy Plate, SSAB Prices Hiking
It's reported that the major steel long product manufacturers in the US including Gerdau North America, ArcelorMittal North America have announced to raise prices for steel wire products by US$30/short ton. Also, Gerdau North America ...
International credit ratings agency Fitch Ratings has affirmed Luxembourg-based global steel giant ArcelorMittal's rating at 'BB+', with the outlook being stable. Fitch stated that the credit rating affirmation and the stable outlook ...
Tags: steel, metallurgy
It's reported that Keystone Steel announced to raise its prices for steel wire products by US$30/short ton, effective from December 30th, driven by increased scrap prices. It's learned that the major steel wire producers in the US ...
Tags: Keystone Steel, steel wire, price, price rise
In the first 11 months of the current year, the crude steel production of ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, totaled 5.866 million mt, down 0.05 percent year on year, as announced by the ...
Tags: crude steel, metallurgy, Finished Steel
Kortrijk, Belgium-based Bekaert, one of the world's largest steel cord and wire manufacturers, has announced its expansion plans for Central and Latin America, including the startup of a steel fibre plant in Costa Rica, the acquisition of ...
Tags: Bekaert, Metallurgy
ArcelorMittal was recognized by the US Department of Energy this week for its leadership in the Better Buildings, Better Plants Program, which supports the Obama administration's target to increase energy productivity in the US by 2030. ...
Tags: US, energy, Arcelormittal, energy productivity, energy efficiency
German steelmaker ThyssenKrupp has announced that it has raised €882.3 million through a capital increase corresponding to 10 percent of capital stock, selling 51.5 million new shares at €17.15 per share. This capital measure ...
Tags: Thyssenkrupp, Capital Increase
International credit ratings agency Moody's has stated that the acquisition of German steelmaker ThyssenKrupp's Alabama, US-based steel mill by the joint venture partnership between ArcelorMittal and Japan's Nippon Steel & Sumitomo Metal ...
Tags: steelmaker, metallurgy
Global steel giant ArcelorMittal has announced that it has entered into a 50/50 joint venture partnership with Japan-based Nippon Steel & Sumitomo Metal Corporation (NSSMC) to acquire the Alabama-based steel processing plant ThyssenKrupp ...
Tags: steel, ArcelorMittal
Japan's Nikkei newspaper reported Tuesday that a deal has been finalized between Thyssenkrupp and a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal to purchase Thyssenkrupp's Calvert, Alabama mill. The report, which did not ...
Tags: Japanese, paper, confirm, sale, Thyssenkrupp, US, mill, Nippon Steel
International credit rating agency Moody's has announced that it has raised the European steel industry outlook to stable from negative given the improving fundamentals in the European steel industry, reflected by slight growth in euro area ...
Tags: Moody, lift, European steel, industry, outlook, stable
ArcelorMittal Kryvyi Rih, Ukrainian subsidiary of global steel giant ArcelorMittal, has stated that on November 20 it received a license for the import of 90,000 mt of coke issued by the Ministry of Economic Development and Trade of ...
Tags: Metallurgy, Mineral, Energy
Global steelmaker ArcelorMittal's Romanian unit ArcelorMittal Galati has announced that it has invested €2 million in the complete modernization of the grinding machine in its plate mill No. 2, aimed at increasing product quality and ...
Tags: ArcelorMittal, Plate Mill