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Chinese Steelmakers Eyes on Overseas Markets

Nov 10, 2014

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

Hebei Iron and Steel Group to Increase Shareholding in Swiss-Based Duferco

Sep 17, 2014

Chinese steelmaker Hebei Iron and Steel Group is said to be considering increasing its 10 percent shareholding in Swiss-based Duferco International Trade Holding, the world's biggest steel trader, as SteelOrbis has heard. The exact amount ...

Tags: Iron, Steel

Tangsteel's Steel Product Exports Nearly Double on Year-on-Year Basis in 2013

Jan 9, 2014

On January 8, Hebei Province-based Chinese steelmaker Hebei Iron and Steel Group Co.announced that in 2013 its subsidiary Tangshan Iron and Steel Co.(Tangsteel) exported 3.0744 million mt of steel products, nearly double on year-on-year ...

Tags: Steel, Steel News, Tangsteel's Steel, Steel Product Exports

Tangshan Iron and Steel Group Co Ltd Is Leading The Effort to Go Abroad

Dec 26, 2013

Tangshan Iron and Steel Group Co Ltd is leading the effort to go abroad as the country's steel and iron industry struggles with overcapacity, reports Du Juan from Tangshan, Hebei province Against the background of the overcapacity problem ...

Tags: Steel Capacity, Mineral

Stemcor May Seek to Sell Its Service Center Units in Spain and Portugal

Nov 21, 2013

According to report, international steel trader and stockholder Stemcor may seek to sell its service center units in Spain and Portugal. The company will keep maintaining its stockholding units in Germany. Its south European stockholding ...

Tags: Stemcor, South Europe, stockholding, unit

A String of Footballers and Other Celebrities Have Been Accused

Jun 24, 2013

A string of footballers and other celebrities have been accused of using an extravagant data centre construction scheme in a bid to avoid tax. The data centres, on the Cobalt business park just outside Newcastle, are completely empty two ...

Tags: Computer Products, software

Stemcor Hired Simon Freakley as Chief Restructuring Officer

May 30, 2013

London-based Stemcor, the world's largest independent steel trader, has hired Simon Freakley as chief restructuring officer, within the scope of negotiations with banks on more than $1 billion of debt, according to Bloomberg. Stemcor will ...

Tags: UK, economics, trading, European Union, Istanbul

Stemcor Will Meet Banks Next Week to Outline Proposals to Repay Its Lenders

May 28, 2013

London-based Stemcor, the world's largest independent steel trader, will meet banks next week to outline proposals to repay its lenders, Reuters has reported. The steel trader requested a standstill agreement after failing to refinance its ...

Tags: UK, economics, trading, European Union, Istanbul|

Stemcor Appointed PwC to Assess Stemcor's Proposal for a Standstill Agreement

May 15, 2013

Lenders to London-based Stemcor, the world's largest independent steel trader, have appointed PricewaterhouseCoopers (PwC) to assess Stemcor's proposal for a standstill agreement on $850 million of loans, according to Reuters. After ...

Tags: Mineral, Standstill Deal Request

Tangshan Steel Has Inked Agreement to Acquire 10% Stakes at Swiss-Based Duferco

Mar 22, 2013

Reportedly, the Chinese steelmaker Tangshan Steel, a subsidiary of Heibei Steel has inked agreement to acquire 10% stakes at Swiss-based Duferco International Holding, the world's largest steel trader, in order to expand its business fields ...

Tags: Metallurgy, Mineral, Energy, steel, Tangshan Steel

Tangsteel Signed an Agreement to Acquire a 10% Stake in Duferco Trade Holding

Mar 21, 2013

On March 20, Hebei Province-based Chinese steelmaker Tangshan Iron and Steel Co. (Tangsteel), a subsidiary of Hebei Iron and Steel Group, signed an agreement to acquire a 10 percent stake in Swiss-based Duferco International Trade Holding, ...

Tags: Duferco, Chinese Steelmaker, Mineral

KCO Reported a Loss Last Year Due to The Shrinking Demand for Metals

Mar 8, 2013

Kloeckner & Co. (KCO), the German-based steel trader reported a loss last year due to the shrinking demand for metals. The net loss sum up to €198 million and the earnings before interest, taxes, depreciation and amortization ...

Tags: steel trader, steel, steel industry

Stemcor Signed Agreement with Logistics Partner Katoen Natie in Antwerp, Belgium

Dec 13, 2012

Stemcor, the world's largest independent steel trader, has signed a long-term handling and storage agreement with logistics partner Katoen Natie in Antwerp, Belgium. The intention is to consolidate stocks of steel plate into a purpose-built ...

Tags: Stemcor, steel trader, plate stocks

Chinese Rebar Futures Rebounded on Wednesday From Their Lowest

Aug 10, 2011

Chinese rebar futures rebounded on Wednesday from their lowest in more than five weeks, supported by an Asian market rally and a rise in the country's steel exports for the first time in four months + SHFE Jan rebar up 0.5% at 4,790 yuan ...

Tags: steel

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