South Korean steelmaker POSCO and China-based Chongqing Iron & Steel have signed a memorandum of understanding for a $3.3 billion investment in China, according to media reports. The agreement will cover POSCO's own steelmaking technology ...
Tags: Metallurgy, Mineral, Energy, Iron, Steel
Turkey-based plantmaker CVS Technologies has announced that it has signed a contract with the South African steelmaker Cape Town Iron and Steel Company (CISCO) to upgrade its existing meltshop and rolling mill located in Cape Town. CVS ...
Tags: Steelmaking Mill, CVS Technologies
On December 23, Chinese steelmaker Chongqing Iron and Steel Co. (Chongqing Steel), a subsidiary of Chongqing Iron and Steel (Group) Co., announced that it has issued 706.7 million non-public shares to raise a total of RMB 1.999 billion ...
Tags: steel, metallurgy
A successful hot run test was carried out on November 23 on converter No. 1 of the new steelmaking plant of Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel Co. (NISCO), a subsidiary of Nanjing Iron and Steel Group Co., ...
Tags: Metallurgy, Mineral, steel
The Environmental Protection Agency of the Chinese city of Tianjin has announced that it plans to eliminate 1.4 million mt and 2.29 million mt respectively of outdated steel and cement production capacities in the city before the end of the ...
Tags: Steel Output Capacity, Mineral
China's state-owned enterprise Chongqing Iron & Steel plans to maintain its crude steel output in 2013 at 6 million mt amid uncertainties in the market, a company source told Platts Wednesday. The steelmaker has three blast furnaces, each ...
Reportedly, China's iron and steel industry is on red alert. Profits have plunged by over capacity and fierce competition, moreover, the level of pollution is severely rising. According to China Iron and Steel Association that nearly half ...
Tags: steel, Construction
A meeting has been held by the authorities in China's Hebei Province to discuss the environmental protection and air quality improvement plans of the province, with the focus on targeting the problem of overproduction in the local steel ...
Tags: Steel Output, Mineral
An insider from China's Ministry of Industry and Information Technology (MIIT) has disclosed that the ministry is carrying out checks on a second batch of domestic steel enterprises to see whether they conform with required standards in the ...
Tags: Steel Overcapacity, MIIT
Speaking on February 27, Li Xinchuang, deputy secretary-general of the China Iron and Steel Association (CISA), stated that overall Chinese demand for iron ore in 2013 will reach 1.11 billion mt, up 5.7 percent year on year. The average Fe ...
On January 17, Xinjiang-based Chinese steelmaker Bayi Iron and Steel Co. (Bayi Steel), a subsidiary of Chinese steel giant Baosteel Group, issued its financial results for 2012, indicating a net profit of RMB 155 million ($25 million), down ...
Tags: Bayi Steel, Nanjiang Steel, steelmaker
On January 5,the China Iron and Steel Association(CISA)stated that in the first 11 months of 2012 Chinese crude steel output amounted to 660.13 million mt,up 2.9 percent year on year,with this year-on-year growth rate down 6.9 percentage ...
Tags: Crude steel, China, 2012, CISA
On November 29th Jiangxi Province based Chinese steelmaker Fangda Special Steel Technology Co announced that it has increased its stake in Jiangxi based steel producer Pingxiang Steel in cooperation with its parent company Liaoning ...