Speaking at the SteelOrbis 2014 Spring Conference & 70th IREPAS Meeting in Barcelona, Bhaskar Dutta, CEO of the Omani steel and pipe manufacturer Al Jazeera Steel, stated that rebar consumption in the GCC countries is expected to rise to 12 ...
Tags: Metallurgy, Mineral, Steel
UAE-based steel producer Emirates Steel Industries (ESI) has announced its financial results for 2013, stating that its sales revenues amounted to AED 6.5 billion ($ 1.8 billion), almost eight percent higher than 2012, despite sluggish ...
Tags: steel producer, steel
Indian state-run steelmaking and mining company Rashtriya Ispat Nigam Limited (RINL), also known as Vizag Steel, has announced that it has achieved another significant milestone as its blast furnace No. 3 has produced in excess of its ...
Tags: steel, metallurgy
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
United States Steel Corporation announced Friday that it is currently performing its annual goodwill impairment analysis and that it estimates a total goodwill impairment of approximately $1.8 billion for its North American flat-rolled and ...
Tags: Metallurgy, Mineral, Energy, Steel
State-owned Shougang, one of China's largest steel companies, resumed operations at its 300 mt/year gas-to-ethanol pilot plant in Jingtang, northern China, in August, following a halt in February due to a technical glitch, a spokesman at ...
Tags: steel, Construction
Camp Hill, Pennsylvania-based diversified global industrial company Harsco Corporation announced Tuesday a new multi-year contract valued at more than $160 million over its duration with Essar Steel India Limited, one of India's largest ...
Tags: Harsco, Essar Steel, Mineral
India's Steel Ministry has pointed out that the raw material needs of the two major domestic state-owned steelmakers Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) will increase by up to 39 percent within three years as ...
Tags: Steelmaker, Raw Material
West Chester, Ohio-based flat rolled steelmaker AK Steel reported Tuesday a net loss of $9.9 million for Q1 2013, compared to a net loss of $11.8 million in Q1 2012. This also compares to a net loss of $230.4 million, or an adjusted net ...
Tags: AK Steel, Net Loss, Carbon Spot Market
On Tuesday, Slovak Premier Robert Fico told the media that US Steel will not sell its steel mill in the region in exchange for environmental and energy-related concessions from the government. US Steel will receive about $19 million ...
Tags: US Steel, Slovakian Mill, Mineral
Indian state-run miner NMDC is currently not in negotiation for acquisition of coal and iron ore mines, in Brazil or in any other country, according to the Press Information Bureau of India. During a speech in the Indian parliament, Dr. D ...
Tags: Steel Industry, Steel, Raw Material
The world's second biggest steelmaker Japan-based Nippon Steel & Sumitomo Metal Corp. (NSSMC) has announced its financial results for the third quarter ending December 31 of the financial year 2012-13, posting a net profit of JPY 24.7 ...
Tags: NSSMC, steelmaker, Japan
The government of Algeria has decided to increase its control of local steel producer ArcelorMittal Annaba which was purchased by ArcelorMittal in 2001, according to domestic media reports. The Algerian government will pay $200 million ...
Tags: Algeria, Arcelormittal Annaba, Mineral
Oman's Muscat Steel proceeds with its investment projects. The company launched construction of a new steelmaking complex in September and currently it performs foundation work. Equipment is expected to arrive in December, with ...
Tags: Oman's Muscat Steel, steel, investment, new steelmaking, second rebar mill
The rating on Steel Authority of India Ltd reflects the company's good market position and diverse customers in India and its favorable cost position due to its captive sources of iron ore. SAIL's good access to funding as a government ...
Tags: Steel, iron ore, steel producer, steelmaking capacity