International credit rating agency Fitch Ratings has affirmed Brazil steelmaker Gerdau’s rating at BBB-, with a stable perspective, it said recently. The rating is based on Gerdau’s “position as the leading ...
Tags: Brazil, Fitch Ratings, Metallurgy, Mineral
Brazil steelmaker Gerdau has welcomed the idea of a regional bank that could connect the BRIC (Brazil, Russia, India, China) nations, an executive told reporters recently. According to Gerdau’s CEO, Jorge Gerdau Johanpeter, the ...
Tags: Brazil, Gerdau, Metallurgy, Mineral
Australian steelmaker BlueScope Steel has announced that its subsidiary jointly owned with US-based multinational corporation Cargill, North Star BlueScope Steel (NSBSS), has concluded a detailed scoping and development study for a ...
Tags: Australian, BlueScope Steel, Metallurgy, Mineral
In its preliminary financial report for the first half of the current year, Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that it expects to record a net profit of RMB 10-30 million ...
Tags: Valin Steel, Profit, Metallurgy, Mineral
In June this year, Moldavian Metallurgical Works (MMZ), a steelmaker based in the Transnistrian region of Moldova, produced 35,600 mt of crude steel and 37,100 mt of rolled steel products, including 17,600 mt of reinforcing bars and 19,400 ...
Tags: MMZ, Rolled Products, Metallurgy, Mineral
In its preliminary financial report for the first half of the current year, Beijing-based Chinese steelmaker Shougang Iron and Steel Co. has announced that it expects to record a net profit of RMB 0-10 million ($0-1.63 million) for the ...
Tags: China, Shougang Steel, Metallurgy, Mineral
Austria-based plantmaker Siemens Metals Technologies announced today, July 14, that it has received an order from Indian steelmaker Tata Steel to modernize the secondary emission system in its LD2 shop in Jamshedpur. The aim of the ...
Tags: Tata Steel, Siemens Metals Technologies, Metallurgy, Mineral
Swedish speciality steel producer SSAB has announced that the European Commision has approved its merger with Finland-based steelmaker Ruukki. The offer period for the merger is scheduled to expire on July 22. The Commission had concerns ...
Tags: SSAB, Ruukki, Metallurgy, Mineral
Russian steelmaker Severstal has announced its operational results for the second quarter of the current year. Accordingly, Severstal's crude steel output increased by five percent quarter on quarter to 4.148 million mt in the second ...
Tags: crude steel, Increase, Metallurgy, Mineral
Jiangxi Province-based Chinese steelmaker Xinyu Iron and Steel Co. has announced that it plans to issue medium-term notes worth RMB 1.6 billion ($261 million) on July 18. This will be the company's first medium-term notes issue in the ...
Tags: Xinyu Steel, Medium-Term Notes, Metallurgy, Mineral
Through a subsidary of Minera del Norte, Mexican steelmaker Altos Hornos de Mexico (AHMSA) hired TüV Rheinland of Mexico to certify the proper operation of methane gas destruction systems in units operating on three sites in the coal ...
Tags: AHMSA, TüV Rheinland, hire
In its financial report for the first half of the current year issued on August 8, Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) announced that it recorded a net profit of RMB 19.01 million ($3.08 ...
Tags: Iron Steel, 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
Indonesia-based steelmaker PT Krakatau Steel (Persero) Tbk (PT KS) has announced that it has signed an agreement with its subsidiary PT Krakatau Engineering and German plantmaker SMS Siemag for the construction of a 1.5 million mt hot strip ...
Tags: agreement, hot strip, Metallurgy, Mineral
Australia's Antidumping Commission has announced that it has initiated an antidumping (AD) duty investigating regarding galvanized steel imports from Vietnam and India following an application from Australian steelmaker BlueScope Steel. ...
Tags: Australia, antidumping, Metallurgy, Mineral