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Reuters reported that German steel distributor Kloeckner & Co is not working on a bid for Thyssenkrupp’s Materials Services unit. A spokesman for the company said in response to a media report that “There are...

Posted By : Nanda Koijam 2 days 20 hours 14 minutes ago
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National Bureau of Statistics announced that China's crude steel output slid by 8.6% MoM to 66.15 million tonnes in November, lowest in nine months, but up by 2.2% YoY as state-imposed curbs aimed at battling smog...

Posted By : Nanda Koijam 2 days 20 hours 25 minutes ago
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As per the latest provisional data from JPC, Indian crude steel production during April-November 2017 was 66.7 million tonnes, a growth of 4.5% YoY and production for sale of total finished steel was 69.604 million...

Posted By : Nanda Koijam 2 days 20 hours 22 minutes ago
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Bloomberg Quint, citing to two people familiar with the matter, reported that lenders are looking to extend the deadline for submission of final resolution plans in the case of Essar Steel Ltd. The sources told...

Posted By : Nanda Koijam 2 days 20 hours 21 minutes ago
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PTI reported that Union Minister Mr Nitin Gadkari said that steel pipes will be used for irrigation instead of canal system, a move aimed at cutting down on land acquisition costs and promoting innovations. He said "In...

Posted By : Nanda Koijam 2 days 20 hours 19 minutes ago
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Economic Times quoted Ms Rita Singh of the Mesco group as saying that Mesco is talking to willing promoters about acquiring mid-size struggling steel companies to double its steel capacity and emerge as strong mid-size...

Posted By : Nanda Koijam 2 days 20 hours 16 minutes ago
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Swedish state-owned utility Vattenfall AB has signed a contract with Ovako that will allow the Finnish steel maker to further expand its sustainability efforts. Under the deal, Vattenfall will supply about 1 TWh of...

Posted By : Nanda Koijam 2 days 20 hours 12 minutes ago
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Chinese steel producer HBIS Laoting Steel Co Ltd has ordered two new, twin-strand continuous slab casters from Primetals Technologies.

Posted By : Nanda Koijam 2 days 19 hours 48 minutes ago
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Iran Daily reported that Iran’s steel billet output reached 11.22 million tonnes from March 21 to November 21, indicating a 17% growth compared to the corresponding figure for the same period of last year. During...

Posted By : Nanda Koijam 2 days 20 hours 1 minute ago
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Asian Development Bank in its latest "Asian Development Outlook (ADO) Supplement: A Firmer Growth Outlook for Asia" said that the growth outlook for developing Asia this year is upgraded to 6.0%, or 0.1 percentage...

Posted By : Nanda Koijam 2 days 19 hours 58 minutes ago
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