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India Ratings and Research has revised its outlook on the steel sector to negative for FY21 from stable-to-negative, given the modest steel demand growth expectations of 5% (FY20: 4% estimate) and margin pressures led...

Posted By : Rabi Wangkhem 6 hours 4 minutes ago
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thyssenkrupp sells its Elevator Technology business entirely to a consortium led by Advent, Cinven and RAG foundation. The respective Executive Board decision was approved on Thursday evening by the Supervisory Board of...

Posted By : Rabi Wangkhem 6 hours 5 minutes ago
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ANSA, citing a legal source, reported that an accord between ArcelorMittal Italia and commissioners of the former ILVA steelworks is expected to be signed on Friday.

Posted By : Rabi Wangkhem 6 hours 6 minutes ago
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JFE Steel Corporation, Meranti Steel Pte Ltd, JFE Shoji Trade Corporation, Marubeni-Itochu Steel Inc and Hanwa Co Ltd announced that a color coating line has begun operating at the company's joint venture hot dip...

Posted By : Rabi Wangkhem 6 hours 8 minutes ago
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Orissa Diary reported that Odisha Governments’ Industries Department’s Principal Secretary Mr Hemant Sharma stated that ArcelorMittal Nippon Steel will set up a 3 million tonne capacity steel plant in Paradip.

Posted By : Rabi Wangkhem 6 hours 10 minutes ago
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JFE Steel President and Chairman of the Japan Iron and Steel Federation Mr Yoshihisa Kitano urged that Chinese steelmakers should cut production to reflect weakening demand from manufacturers amid a coronavirus outbreak...

Posted By : Rabi Wangkhem 6 hours 12 minutes ago
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The export of finished and semi-finished steel products in Iran has increased by 38.27 percent between March 2019 and January 2020 despite the package of sanctions imposed by the United States.

Posted By : Rabi Wangkhem 6 hours 14 minutes ago
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Slovekian Spectator reported that the employees of US Steel Kosice will continue working for shortened working hours in March. USSK trade union head Mr Juraj Varga said “We will continue in March in the regime for not...

Posted By : Rabi Wangkhem 6 hours 16 minutes ago
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Hadeed Pakistan Pvt Ltd has recently started production of cold rolled steel in new300000 tonnes per annum capacity plant in Sheikupura Ferozwala in Punjab Provice of Pakistan.

Posted By : Rabi Wangkhem 6 hours 18 minutes ago
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The Steel and Engineering Industries Federation of Southern Africa has welcomed the latest Producers Price Index data, which shows an uptick in selling prices for primarily intermediate goods of the metals and...

Posted By : Rabi Wangkhem 6 hours 25 minutes ago
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Based on preliminary Census Bureau data, the American Iron and Steel Institute reported that the US imported a total of 3,135,000 net tons of steel in January 2020, including 1,633,000 net tons of finished steel (down...

Posted By : Rabi Wangkhem 6 hours 26 minutes ago
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EVRAZ plc has posted its Annual Report for the year ended 31 December 2019. EVRAZ Chief Executive Officer Alexander Frolov said “In 2019, global steel and commodity markets were not as favourable as they were in 2018.

Posted By : Rabi Wangkhem 6 hours 29 minutes ago
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India’s Director General Trade Remedies vide notice dated February 21st announced its recommendations of imposition of anti dumping duty on imports of flat rolled steel products coated with Zinc without addition of...

Posted By : Rabi Wangkhem 1 day 6 hours 12 minutes ago
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OMK has awarded Danieli the order for a new complete rolling mill for bars and light sections to be installed in Chusovoy in Russia.

Posted By : Rabi Wangkhem 1 day 6 hours 14 minutes ago
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According to the General Department of Customs, Vietnam imported a total 944,865 tonnes of steel in January, a YoY drop of 18 percent. The strongest falls were from Russia down 97 percent, Brazil down 90 percent and...

Posted By : Rabi Wangkhem 1 day 6 hours 16 minutes ago
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An impairment suffered by Southern Steel Bhd in its second quarter ended Dec 31, 2019 resulted in the group posting its biggest ever quarterly loss of MYR 334.96 million.

Posted By : Rabi Wangkhem 1 day 6 hours 19 minutes ago
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Pulse News reported that Hyundai Steel will spin off its metal casting and free forging business as a subsidiary to improve business efficiency and competitiveness.

Posted By : Rabi Wangkhem 1 day 6 hours 20 minutes ago
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United Metallurgical Company OMK subsidiary Vyksa Steel Works in Nizhniy Novgorod Region has increased train wheel production in 2019.

Posted By : Rabi Wangkhem 1 day 6 hours 22 minutes ago
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JSW Steel on Wednesday said Fitch has revised the outlook on the company to negative from stable. JSW said “FITCH has affirmed Long-Term Issuer Default Rating to BB.

Posted By : Rabi Wangkhem 1 day 6 hours 24 minutes ago
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Ukraine's interagency commission on international trade has decided to impose a 50.09% anti-dumping duty on imports of steel wires and wire ropes from Russia into Ukraine for five years.

Posted By : Rabi Wangkhem 1 day 6 hours 26 minutes ago
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Bury based William Hare has been appointed to carry out the GBP 50 million steelwork contracta at the Paddington Cube mixed-use scheme Paddington Square in west London.

Posted By : Rabi Wangkhem 1 day 6 hours 27 minutes ago
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Yonhap reported that Hyundai Motor Group Executive Vice Chairman Mr Chung Euisun has quit his directorship at its steel affiliate to focus on the group's mainstay automobile business.

Posted By : Rabi Wangkhem 1 day 6 hours 29 minutes ago
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World crude steel production for the 64 countries reporting to the World Steel Association was 154.4 million tonnes in January 2020, a 2.1% increase compared to January 2019. China’s crude steel production for January...

Posted By : Nishith Sharma 2 days 3 hours 15 minutes ago
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Business Standard reported that JSW Steel’s purchase of Bhushan Power & Steel Limited is facing a fresh hurdle after a former chairman of BPSL Mr Sanjay Singal filed a petition with Supreme Court on Monday against a...

Posted By : Nishith Sharma 2 days 3 hours 16 minutes ago
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The United States International Trade Commission has determined that a US industry is not materially injured or threatened with material injury by reason of imports of fabricated structural steel from Canada, China, and...

Posted By : Nishith Sharma 2 days 3 hours 18 minutes ago
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