Global steel giant ArcelorMittal and Brazilian steelmaker Gerdau have jointly announced that they have entered into a definitive transaction agreement to sell their respective 50 percent interests in Gallatin Steel Company (Gallatin) to ...
Tags: Gallatin Steel, Nucor, ArcelorMittal
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will have to pay BRL 4 billion (US$1.78 billion) to the country's revenue service Receita Federal as a result of unpaid taxes. According to the nation's fiscal council Carf, CSN ...
Tags: Metallurgy, Mineral, Energy
It is learned that Brazilian steelmaker Usiminas sold 1.565 million tons of steel in the third quarter of this year, representing a decrease of 10.5% compared to the same period last year. In the first nine months of this year, the ...
Tags: Construction, steel
Brazilian steelmaker Usiminas reported net income of R$115 million (US$52.5 million) in the third quarter following two consecutive quarterly losses and a net loss of US$22.1 million in Q3 2012. Net revenues totaled R$3.20 billion in Q3 ...
Tags: Metallurgy, Mineral, Energy, steel
It is learned that Brazilian steelmaker Companhia Siderurgica Nacional (CSN) will increase prices for the steel distributors from August 23rd. According the an industry source said earlier this week, the company will adjust price of hot ...
Tags: Domestic Steel Price
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
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
It is learned that Brazilian steelmaker of long product Gerdau is aiming the second half of this year to launch its flat products. According to the company’s Finance Executive Mr. Andre Pires, the company’s hot rolled ...
Tags: Flat Products, Mineral
The Brazilian steelmaker Companhia Siderurgica Nacional (CSN) announced that its net income was at BRL16.31 million in the first quarter of this year, slumping by 95% from BRL316.13 million in the fourth quarter of 2012 and decreasing by ...
Tags: Brazilian CSN, Mineral
According to report, Brazilian steelmaker Usiminas may consider to raise its operation close to full capacity if seeing the demand to rise. Currently the capacity is operated at 80~85 percent. The nominal crude steel capacity is 9.5 ...
Brazilian steelmaker Companhia Siderurgica Nacional (CSN)’s mining division announced that its sales revenues totaled BRL1.3 billion in the fourth quarter of 2012, soaring by 39% from a quarter ago. In 2012, CSN’s mining ...
Tags: steel, steelmaker, mining
It's reported that the Brazilian steelmaker Companhia Siderurgica Nacional (CSN) released its financial report for 2012 and the fourth quarter. CSN posted a net income of BRL316 million for the fourth quarter, slumping by 61.3% year on ...
Tags: Metallurgy, Mineral, Energy, steel
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
Reportedly, the Brazilian steelmaker Cia Siderúrgica Nacional SA (CSN) shows its interests in purchasing ThyssenKrupp AG’s Steel Americas unit. CSN has been looking for ways to make Brazilian Development Bank (BNDES) in ...
Tags: Thyssen Steel, steelmaker, Steel
After Tuesday's announcement that Brazilian steelmaker CSN was increasing flat steel prices by between 6 and 8 percent, Brazilian industry sources reported that the market is at a standstill considering prices will also be affected by an ...
Tags: steelmaker, CSN, flat steel prices