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Reuters reported that National Development and Reform Commission announced that China will stop approving new capacity and capacity swaps for steel projects from January 24,

Posted By : Rabi Wangkhem 1 day 16 hours 33 minutes ago
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British Steel is a step closer to being rescued by Chinese industrial firm Jingye, after a deal was agreed with trade unions wary of the impact on jobs and conditions.

Posted By : Rabi Wangkhem 1 day 16 hours 34 minutes ago
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The Enforcement Directorate has told the National Company Law Appellate Tribunal that JSW Steel cannot seek to ring-fence Bhushan Power and Steel and its assets from attachment by it on charges of money laundering by...

Posted By : Rabi Wangkhem 1 day 16 hours 36 minutes ago
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British media reported that part of a steelworks factory had to be evacuated after an unexploded World War Two bomb was found. The shell was unearthed during construction work at Tata Steel's Port Talbot plant.

Posted By : Rabi Wangkhem 1 day 16 hours 37 minutes ago
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A special Delhi court has reserved its order on a bail plea of former Bhushan Power and Steel chairman and managing director Mr Sanjay Singhal, in connection with an alleged multi-crore money laundering case being...

Posted By : Rabi Wangkhem 1 day 16 hours 39 minutes ago
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Malaysian government decides to impose final affirmative anti-dumping duties on imports of steel reinforcing bar from Singapore and Turkey after concluding its investigation on the matter.

Posted By : Rabi Wangkhem 1 day 16 hours 41 minutes ago
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Tenova LOI Thermprocess was recently awarded an important order from the Joint Stock Company Pervouralsk Pipe Plant, Russia, for the delivery and installation of a continuous roller hearth system for stainless steel...

Posted By : Rabi Wangkhem 1 day 16 hours 48 minutes ago
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Shougang Jingtang United Iron & Steel China successfully commissioned the new hot-dip galvanizing line supplied by SMS group. The new line is especially equipped to produce high-strength grades with tensile strengths of...

Posted By : Rabi Wangkhem 1 day 16 hours 50 minutes ago
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The new continuous hot-dip galvanising unit No3, built by Magnitogorsk Iron and Steel Works in 2017, produced 334.6 thousand tonnes of galvanised metal in 2019.

Posted By : Rabi Wangkhem 1 day 16 hours 52 minutes ago
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JSW Steel announced its plan to raise up to INR 1,000 crore through issuance of non-convertible debentures.

Posted By : Rabi Wangkhem 1 day 16 hours 54 minutes ago
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Leading iron ore, HBI and steel maker Metalloinvest has announced the decision of Mr Sergey Kretov, Mikhailovsky GOK’s Managing Director, to resign from his position.

Posted By : Rabi Wangkhem 1 day 16 hours 55 minutes ago
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Steel Dynamics Inc announced fourth quarter and annual 2019 financial results. The company reported fourth quarter 2019 net sales of USD 2.4 billion and net income of USD 121 million.

Posted By : Rabi Wangkhem 1 day 16 hours 56 minutes ago
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Russian steel maker Magnitogorsk Iron & Steel Works announced its Trading Update for Q4 and FY 2019. Pig iron output increased by 1.7% QoQ due to improved productivity of blast furnaces.

Posted By : Rabi Wangkhem 1 day 17 hours 10 minutes ago
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Moody's Investors Service has completed a periodic review of the ratings of Hyundai Steel Company and other ratings that are associated with the same analytical unit.

Posted By : Rabi Wangkhem 1 day 17 hours 14 minutes ago
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Severstal Russian Steel division’s machine-building center SSM-Tyazhmash has successfully studied the possibility of using water-sprayed powders of its own production in 3D-printing technologies.

Posted By : Rabi Wangkhem 1 day 17 hours 23 minutes ago
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Statkraft and Commercial Metal Company Poland have become strategic partners, commencing with the signing of a long-term financial power purchase agreement.

Posted By : Rabi Wangkhem 1 day 17 hours 28 minutes ago
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Pittsburg’s Department of Toxic Substances announced sthat USS-POSCO Industries will pay D 825,000 for mismanaging hazardous waste and illegally storing lead dust in a dilapidated building,

Posted By : Rabi Wangkhem 1 day 17 hours 35 minutes ago
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Global leader in industrial asset acquisition and disposition services, specializing in machinery, equipment and inventory auctions and negotiated sales Hilco Industrial has acquired a state of art 500,000 tonnes per...

Posted By : Rabi Wangkhem 2 days 15 hours 41 minutes ago
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According to Wood Mackenzie, Chinese steel demand will likely peak this year at 890 million tonnes, a growth of 1.5% and with China responsible for half of global steel demand, Chinese government policy remains core to...

Posted By : Rabi Wangkhem 2 days 15 hours 44 minutes ago
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ANSA, citing union sources, reported that 3 explosions were recorded in the night between Tuesday and Wednesday at the altoforno 2 furnace of the ArcelorMittal steelworks in the southern city of Taranto. The sources...

Posted By : Rabi Wangkhem 2 days 15 hours 47 minutes ago
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Reuters reported that China’s second-biggest steelmaker HBIS Group said that its trading arm had secured two letters of credit to purchase iron ore from Brazil’s Vale in a CNY 200 million (USD 29 million) contract...

Posted By : Rabi Wangkhem 2 days 15 hours 51 minutes ago
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Indian Supreme Court has stayed a recovery suit filed by an operational creditor against erstwhile Bhushan Steel, which was taken over by Tata Steel in May 2018.

Posted By : Rabi Wangkhem 2 days 15 hours 54 minutes ago
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Sunflag Iron and Steel Co has selected Danieli India Ltd. to supply the drives and process automation for a new, 320,000 tonnes per year SBQ bar mill in Bhandara in Maharashtra in India.

Posted By : Rabi Wangkhem 2 days 16 hours 1 minute ago
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ArcelorMittal chairman Mr LN Mittal has offered to set up a research and development centre in Bengaluru to conduct research on various forms of steel usage.

Posted By : Rabi Wangkhem 2 days 16 hours 4 minutes ago
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Reuters reported that London Metal Exchange Chief Executive Mr Matt Chamberlain in the Reuters Global Market Forum on the the sidelines of the World Economic Forum’s annual meeting in Davos said that LME plans to...

Posted By : Rabi Wangkhem 2 days 16 hours 6 minutes ago
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