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Merged Steel Giant to Get 2 HQs: Report

Nov 19, 2016

China's Baosteel Group will have dual headquarters following its merger with smaller rival Wuhan Iron and Steel (Group) Corp, according to Shanghai-based newspaper The Paper. The newly merged steel giant will have headquarters in both ...

Tags: Baosteel, Iron, Steel

Industry Partners Joined Hands to Set up The Steel E-Commerce Research Center on Monday

May 20, 2015

The China Steel and Iron Association and several industry partners joined hands to set up the Steel E-commerce Research Center on Monday, with an eye on upgrading and transforming the industry reeling from low profits. The research ...

Tags: Steel Companies, Online Success

The $156 Million Final Judgment Against Nucor Corp

May 8, 2014

The $156 million final judgment against Nucor Corp. Reliance Steel & Aluminum Co., American Alloy Steel Inc. and JSW Steel (USA), for conspiring to drive competitor MM Steel LP out of business was delayed Monday by US District Judge Kenneth ...

Tags: Metallurgy, Mineral, Energy

Monterrey Plans This Week to Expand Into The Us and Canada

May 8, 2014

Monterrey, Mexico-based PMP Grupo-Planeación, in partnership with India-based Preet Group-PG, announced plans this week to expand into the US and Canada, building mini-mills to process steel scrap. The announcement Monday at the ...

Tags: mini-mills, steel scrap

E-Commerce Took off in The Steel Sector as The Ailing Industry Competes to Cut Costs

Jan 16, 2014

E-commerce took off in the steel sector in 2013 as the ailing industry competes to cut costs, Dong Baoqing, an official at the Ministry of Industry and Information Technology, said at a -forum in Shanghai on Sa-turday. ...

Tags: Steel Firms, Mineral

China Will Encourage Chinese Steel Enterprises Suffering From Overcapacity to Overseas

Dec 27, 2013

China will encourage Chinese steel enterprises suffering from overcapacity to transfer their businesses to overseas markets where the steel market is still very big, a top official was quoted in a statement published on the website of the ...

Tags: steel enterprises, steel industry

China Wii Encourage More Companies to Invest in Overseas Projects

Nov 29, 2013

In a move designed to combat overcapacity in the steel sector, China will relocate some factories and encourage more companies to invest in overseas projects, said an official with the country's top planning agency. Li Zhongjuan, an ...

Tags: Metallurgy, Mineral, Energy

Hebei Eliminated 4.56 Million Metric Tons of Ironmaking Capacity in Three Cities on Sunday

Nov 29, 2013

Hebei said it eliminated 4.56 million metric tons of ironmaking capacity and 6.8 million tons of steelmaking capacity in three cities on Sunday, marking the start of the province's campaign to cut excess production capacity. On Sunday, a ...

Tags: Dismantles Iron, Steel

Most Domestic Steelmakers Are Seeing A Brighter Third Quarter

Nov 4, 2013

Most domestic steelmakers are seeing an improvement in their third-quarter performance. Fifteen of the 20 listed steel companies that issued third quarter reports made profits, as opposed to last year, when up to 90 percent of the steel ...

Tags: Steel Industry, Steelmakers

Domestic Iron and Steel Industry Began to Turn a Profit in July

Sep 11, 2013

The domestic iron and steel industry began to turn a profit in July largely driven by the rebound of market demands and steel prices, but this may be hard to maintain in the fourth quarter as the cost of raw materials will increase, the ...

Tags: Steel, Iron, Construction

China's Steelmakers Would Maintain Its Present High Levels of Production Capacity

May 3, 2013

According to source reported that China’s National Development & Reform Commission (NDRC) announced the country’s steelmakers would maintain its present high levels of production capacity and its business conditions will expect ...

Tags: Steelmakers, production capacity

High Prices and Strong Demands Are Expected to Contribute to a Strong First Quarter

Jan 7, 2013

The China Post reported that high prices and strong demands are expected to contribute to a strong first quarter for Taiwan's steel industry. Experts said that they made the remarks after steel manufacturers reported sluggish sales during ...

Tags: steelmakers, steel industry, steel, steel manufacturers

Iron Ore Seems to Have Hit Steel Companies in The Small and Medium Segments The Hardes

Jan 6, 2013

Business Standard reported that the shortage of iron ore seems to have hit steel companies in the small and medium segments the hardest. According to recent data by the Joint Plant Committee, the non alloy and carbon steel segment saw ...

Tags: iron ore, India, non alloy, carbon steel segment

Hanlong Is in View of a Partnership with State Owned Enterprises to Build up a Mine

Jan 5, 2013

Private company Sichuan Hanlong Company, after the approval of Anshan Steel s biggest ever expansion plan on iron ore mines, is in view of a partnership with state owned enterprises to build up a major iron ore mine in western Africa. ...

Tags: Sichuan Hanlong Company, Anshan Steel, iron ore, mining

JFE Holding Inc Decised to Build a USD 3.6 Billion Integrated Steel Plant in Vietnam

Jan 5, 2013

JFE Holding Inc has delayed a decision to build a USD 3.6 billion integrated steel plant in Vietnam,saying it is worried that the poorly developed market could hinder its operations. JFE had said earlier it would defer a decision on the ...

Tags: Vietnam, JFE, steel

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