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 ...
US-China Energy Conservation and Environmental Protection Cooperation Forum & Match-making Meeting, jointly hosted by China Chamber of Commerce for Import and Export of Machinery and Electronic Products, the Department of Commerce of ...
Tags: US-China Energy Cooperation, Machinery, Electronic Products
Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...
Tags: Chinese Steelmakers, Iron, Steel
Japan-based Daido Steel Co., Ltd has announced that it reached an agreement on July 9 to buy a 10 percent stake in Indian specialty steel producer Sunflag Iron and Steel Company Ltd for approximately JPY 1 billion ($9.87 million). ...
Tags: Daido Steel, Iron and Steel, Metallurgy, Mineral
Mexican steel manufacturer Simec Group reported a 34 percent decrease in its operating income in the first quarter, due to higher cost of sales. In its report submitted to the Mexican Stock Exchange (BMV ), the company, which counts ...
German plantmaker SMS Siemag has announced that the Chinese steelmaker Angang Steel Company (Angang) has ordered a continuous hot dip galvanizing line. The line will be installed in a new plant near the city of Guangzhou in the province of ...
Tags: Angang Steel, Galvanizing Line
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
Chinese steel company Hebei Iron and Steel Group has announced that it has signed a strategic cooperation agreement for 2014 with 49 major customers including China Minmetals, China Railway Construction Corporation, China Railway Materials. ...
Tags: Hebei Steel, Iron, Steel
The winning bid in the monthly auction held Tuesday for Japanese H2 grade ferrous scrap for export through Tokyo Bay was Yen 30,910/mt ($299.50/mt) FAS or free alongside ship, the organizer of the tender said. The bid was Yen 2,100/mt ...
Tags: Ferrous Scrap, electric steel, Nippon Steel
US Steel Canada, a subsidiary of United States Steel Corporation, announced Friday several management appointments effective February 1, 2014. Anton Jura, who currently serves as president and general manager of US Steel Canada, will ...
Tags: US Steel Canada, Slovak steel, McQuade
Swedish specialty steel producer SSAB and Finland-based steelmaker Rautaruukki have announced that they have come to an agreement to combine the two companies through SSAB making a recommended public share exchange offer amounting to SEK ...
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
It is reported that United States USS-Pohang iron and steel company on January 14th planned to cut 690 jobs but it was still not clear whether the layoff was temporary plan. It is understood that the plant currently employs about 800 ...
Tags: Steel, Steel News, USS-Posco
It is reported that Korea iron and steel enterprises planned to expand capacity and growth in end-user industries such as the automobile industry and raw materials demand in 2014.Therefore, the country expected both domestic demand and ...
Tags: steel, metallurgy
JSW Steel, Indian-based steel company, announces to launch automobile steel plate production line with annual capacity about 2.3 million tons in March 2014. The company will become the first commercial production scale automotive steel ...