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Acceding to a report in Vietnamese media, Hoa Sen Group is backing off from a USD 10 billion steel complex in Ninh Thuan Province in Vietnam. Hoa Sen Group will sell two of six companies that are involved with the Ca Na...

Posted By : Yogender Pancholi 6 hours 6 minutes ago
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JSW Steel announced that the crude steel production achieved for the month of July 2020 was at 1.246 million tonnes showing growth of 9% MoM over Jun 2020. The average capacity utilisation during the month of July was...

Posted By : Yogender Pancholi 6 hours 7 minutes ago
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NLMK Lipetsk has developed an innovative electrical NGO steel grade for the production of high-tech equipment for wind power plants. The first batch has been shipped to NovaWind, Rosatom’s wind power division, which...

Posted By : Yogender Pancholi 6 hours 8 minutes ago
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VNA reported that despite the impacts of the COVID-19 pandemic, steel maker Hoa Phat still sold 422,300 tonnes of steel pipes in the first seven months of the year.Of which, its export volume of the products rose by 16...

Posted By : Yogender Pancholi 6 hours 19 minutes ago
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FC News reported that plans to start building Nova Tube and Steel CAD 70 million plant in Delta in Canada this summer were delayed by the coronavirus pandemic and have been pushed back to early next year. Construction...

Posted By : Yogender Pancholi 6 hours 24 minutes ago
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International shipping association BIMCO said that China imported a record 112.7 million tonnes of iron ore in July, just shy of 10 million tonnes above the previous record. July thereby marked the fourth month in a row...

Posted By : Yogender Pancholi 6 hours 29 minutes ago
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MS Business reported that Samuel, Son & Co’s steel components manufacturer and supplier Samuel Roll Form Group is expanding operations in Iuka in Mississippi United States. The company is investing USD 6.9 million in...

Posted By : Yogender Pancholi 6 hours 31 minutes ago
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KKTV reported that Evraz and the Pueblo Economic Development Corporation, also known as PEDCO, are working together on a new steel mill that will go up next to the current Evraz Rocky Mountain Steel Mill. The project...

Posted By : Yogender Pancholi 6 hours 33 minutes ago
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The EU automotive sector was already suffering its worst slump since the Eurozone crisis of 2009-2012, before the onset of the COVID-19 outbreak that led, in March and April this year, to an almost complete stop in...

Posted By : Yogender Pancholi 9 hours 34 minutes ago
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Leading Russian producer of tubular products and a supplier of integrated solutions for the oil and gas industry Chelyabinsk Pipe Plant has published its operating and financial IFRS results for H1 of 2020. CEO Boris...

Posted By : Yogender Pancholi 9 hours 35 minutes ago
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The Public Enterprises Selection Board has recommended Ms Soma Mondal as the next chairperson of Steel Authority of India Limited. Ms Mondal, who is serving as Director Commercial of SAIL since September 2018, will also...

Posted By : Yogender Pancholi 1 day 10 hours 52 minutes ago
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Latin American Steel Association Alacero announced that Latin America is still being affected by the COVID19 pandemic, presenting slightly more than a quarter of the cases and deaths worldwide. In an attempt to reduce...

Posted By : Yogender Pancholi 1 day 10 hours 53 minutes ago
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India’s Directorate General of Trade Remedies has published Preliminary Findings in the anti-subsidy investigation concerning imports of Flat Products of Stainless Steel from Indonesia. DGTR has recommended imposition...

Posted By : Yogender Pancholi 1 day 10 hours 54 minutes ago
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The American Iron and Steel Institute reported that for the month of June 2020, U.S. steel mills shipped 6,023,524 net tons, a 10.3 percent increase from the 5,461,851 net tons shipped in the previous month, May 2020,...

Posted By : Yogender Pancholi 1 day 10 hours 55 minutes ago
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The Severstal Distribution group of companies in the first half of 2020 increased sales by 8% compared to the same period last year, to 1.3 million tonnes. In the second quarter of this year, in all markets where the...

Posted By : Yogender Pancholi 1 day 10 hours 56 minutes ago
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Belarusian media reported that workers at Belarusian Steel Works in the south eastern region of Gomel have gone on strike over the country’s contentious presidential election that they described as unfair. The Nexta...

Posted By : Yogender Pancholi 1 day 10 hours 57 minutes ago
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A strict quarantine imposed in Argentina in response to the COVID-19 pandemic halted operations at all rigs in the country from March to May. Despite the interruption of operations, work continued to ensure a safe...

Posted By : Yogender Pancholi 1 day 10 hours 58 minutes ago
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Magnitogorsk Iron & Steel Works Group’s expenditure on charity and social programmes totalled almost RUB 1.5 billion in the first 6 months of 2020, up more than 40% year-on-year. Additionally, MMK itself contributed...

Posted By : Yogender Pancholi 1 day 10 hours 59 minutes ago
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Leading US metals service center Olympic Steel Inc announced the promotion of Andrew F Wolfort to the role of Vice President Specialty Metals. In this new role, Mr Wolfort will report directly to Andy Markowitz,...

Posted By : Yogender Pancholi 1 day 11 hours ago
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AISI announced that in the week ending on August 8, 2020, domestic raw steel production was 1,354,000 net tons while the capability utilization rate was 60.4 percent. Production was 1,841,000 net tons in the week ending...

Posted By : Yogender Pancholi 1 day 11 hours 1 minute ago
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Prospects for the EU construction sector are hugely impacted by the economic lockdown which European countries experienced from mid-March to early June, with variations in intensity and with some local lockdowns still...

Posted By : Yogender Pancholi 1 day 11 hours 2 minutes ago
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Berry Metal Company has successfully commissioned a newly developed, state-of-the-art lime injection system at Big River Steel. The scope of the project included the design and supply of a comprehensive technology...

Posted By : Yogender Pancholi 1 day 11 hours 3 minutes ago
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The Public Enterprises Selection Board vide a notice dated 24th July 2020 conirmed that it will consider following seven persons for selection for the post of Chairman of Steel Authority of India Limited at 10:00 AM on...

Posted By : Yogender Pancholi 2 days 5 hours 8 minutes ago
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On August 5th 2020, the US Court of International Trade issued an opinion remanding the denial of the US Department of Commerce’s Bureau of Industry and Security of a US importer’s requests for exclusion of certain...

Posted By : Yogender Pancholi 2 days 5 hours 10 minutes ago
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USDValueDoDWoWMoMQoQYoY
USD1.0000.0000.0000.0000.0000.000
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CAD1.3340.000-0.007-0.022-0.0700.012
CNY6.952-0.006-0.025-0.113-0.136-0.111
EUR0.8540.0010.005-0.037-0.069-0.038
GBP0.768-0.0010.005-0.036-0.036-0.063
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JPY106.7650.6061.094-0.7390.3881.360
RUB73.544-0.020-0.5493.019-0.0368.251
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DoD - Previous Day, WoW - Last Day, MoM - Last 30 Days As on Aug 12 2020
Source : xe.com