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Leading privately held, leading global steel trading and distribution company Stemcor Global Holdings Ltd announced that a Sales and Purchase Agreement has been agreed that will see the entire share capital of the Group...

Posted By : Rabi Wangkhem 1 day 5 minutes ago
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Business Standard reported that Enforcement Directorate has said it cannot drop the ongoing investigation against Bhushan Power and Steel because the immunity provided by the new provision in the insolvency law is not...

Posted By : Rabi Wangkhem 1 day 6 minutes ago
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Uttam Galva has challenged Deutsche Bank’s application at the National Company Law Tribunal for the recovery of USD 20 million.

Posted By : Rabi Wangkhem 1 day 12 minutes ago
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China Steel Corporation subsidiary China Steel Machinery Company has placed an order with Primetals Technologies to supply staves for CSC’s blast furnace 2 at the company’s Kaohsiung plant.

Posted By : Rabi Wangkhem 1 day 23 minutes ago
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Placements CMI (Marcel Dutil family), Caisse de dépôt et placement du Québec and Fonds de solidarité FTQ have signed a definitive agreement with the American Industrial Partners equity firm to acquire all of Canam...

Posted By : Rabi Wangkhem 1 day 25 minutes ago
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SteelOrbis reported that ArcelorMittal Italia informed local metalworkers' unions that it will halt its steel mill 1 in Taranto from Thursday, January 23, until the end of March.

Posted By : Rabi Wangkhem 1 day 27 minutes ago
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Bangalore base AI firm Yottaasys said that a steel-manufacturer with plants in multiple countries was experiencing quite a few production delays due to manual surface defect identification of billets in one of their...

Posted By : Rabi Wangkhem 1 day 33 minutes ago
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A new-concept Danieli peeling machine for large diameters has been ordered by Baosteel. Following the excellent operational results achieved by the peeling machine for special steel bars in operation at Baoshan plant...

Posted By : Rabi Wangkhem 1 day 35 minutes ago
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12M 2019 performance - Steel output and sales declined by 10% YoY to 12.0 million tonnes and by 8% yoy to 12.5 million tonnes, respectively, due to major repairs at NLMK Lipetsk blast furnace and BOF operations....

Posted By : Rabi Wangkhem 1 day 36 minutes ago
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Russian steel maker Severstal announced that it has invested in Dutch company Airborne, a global leader in developing digital automation platforms for the production of composite parts, and products with integrated...

Posted By : Rabi Wangkhem 1 day 38 minutes ago
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Moody's Investors Service has completed a periodic review of the ratings of Tata Steel UK Holdings Limited and other ratings that are associated with the same analytical unit.

Posted By : Rabi Wangkhem 1 day 39 minutes ago
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In the week ending on January 18, 2020, domestic raw steel production was 1,928,000 net tons while the capability utilization rate was 82.7 percent.

Posted By : Rabi Wangkhem 1 day 41 minutes ago
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According Ukraine’s Ministry of Economic Development, Trade and Agriculture, mkranian Metallurgical enterprises cut steel smelting by 1% in 2019 compared with 2018, to 20.848 million tonnes, output of total rolled...

Posted By : Rabi Wangkhem 1 day 42 minutes ago
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President Donald Trump and Chinese Vice Premier Liu He formally signed an interim, phase one trade deal that has eight chapters.

Posted By : Rabi Wangkhem 1 day 44 minutes ago
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Metals Service Center Institute reported that US service center steel shipments in December 2019 decreased by 4.2% from December 2018.

Posted By : Rabi Wangkhem 1 day 48 minutes ago
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IPICOL Managing Director Mr Nitin B Jawale told PTI that Odisha expects work on the proposed INR 53,700 crore integrated steel project at Jagatsinghpur in Paradip by JSW Group to start soon following successful...

Posted By : Rabi Wangkhem 2 days 43 minutes ago
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China’s largest steel company state owned China Baowu Steel Group Corp Ltd announced plans to expand its overseas footprint to boost its share of global iron ore mining operations.

Posted By : Rabi Wangkhem 2 days 45 minutes ago
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Hebei Steel Group’s Shigang Steel Mill recently placed an order with Danieli for a ZDS 220-600, twin-shaft pre-shredder to be installed in northern China.

Posted By : Rabi Wangkhem 2 days 50 minutes ago
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Reuters reported that Japan’s top electric-arc furnace steelmaker Tokyo Steel Manufacturing Co Ltd said that it would keep steel product prices unchanged for a fourth straight month in February, as it awaited...

Posted By : Rabi Wangkhem 2 days 53 minutes ago
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Reuters, citing people close to the matter, reported that Thyssenkrupp has shortlisted three private equity consortia in the auction of its prized 15 billion euro elevator businessd and that peer Kone could still submit...

Posted By : Rabi Wangkhem 2 days 55 minutes ago
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Outokumpu’s fourth-quarter adjusted EBITDA is expected to be approximately EUR 70 million mainly as a result of positive raw material impacts, including improved raw material efficiency and hedging.

Posted By : Rabi Wangkhem 2 days 56 minutes ago
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Gesellschaft für Verpackungsmarktforschung in its recently published annual recycling report states that 90.4% of tinplate packaging used in Germany was recycled in 2018.

Posted By : Rabi Wangkhem 2 days 58 minutes ago
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It has been another positive week across the Indian subcontinent ship recycling locations, with further improvements on levels and demand, particularly on favored container vessels that have been making the rounds of...

Posted By : Rabi Wangkhem 2 days 59 minutes ago
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Moody's Investors Service has completed a periodic review of the ratings of JSW Steel Limited and other ratings that are associated with the same analytical unit. Key rating considerations are summarized below.

Posted By : Rabi Wangkhem 2 days 1 hour 1 minute ago
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Philippines Government’s Phividec Industrial Administration announced that the groundbreaking for the USD 4-billion Huili Baowu CISDI Integrated Steel Mill in Misamis Oriental is scheduled in March this year.

Posted By : Rabi Wangkhem 2 days 1 hour 5 minutes ago
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