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Caixin Global reported that nearly 70% of China’s steel making capacity remained idle as factories have yet to resume production from an extended Lunar New Year holiday because of the deadly coronavirus epidemic. A...

Posted By : Nishith Sharma 19 hours 16 minutes ago
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The National Company Law Appellate Tribunal has approved JSW Steel’s resolution plan to takeover of bankrupt Bhushan Power & Steel Ltd for INR 19,700 crore by providing it immunity from the ongoing criminal...

Posted By : Nishith Sharma 19 hours 9 minutes ago
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The Telegraph reported that British Steel bidder Jingye is set to axe 400 jobs at the embattled firm's Scunthorpe plant as it closes in on a takeover. According to the Daily Telegraph, Jingye has started sending out new...

Posted By : Nishith Sharma 18 hours 59 minutes ago
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EVRAZ has ordered from Danieli an innovative Danieli Universal Endless plant for the production of high value-added products for the new facility in Novokuznetsk in Kemerovo Region of Russia. The QSP-DUE plant of EVRAZ...

Posted By : Nishith Sharma 18 hours 57 minutes ago
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Odisha media reported that Jagat Janani Pvt Ltd has bagged Jururi iron ore block in Keonjhar district with an estimated reserve of 270 million tonnes by committing to pay 126.23 per cent of the average sale price to the...

Posted By : Nishith Sharma 18 hours 51 minutes ago
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Techint Group company Tenova was recently awarded a contract for Tenova’s Industry 4.0 technology system Intelligent Electric Arc Furnace by NLMK Ural, the core company within NLMK Long Products Division controlled by...

Posted By : Nishith Sharma 18 hours 49 minutes ago
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The Latin American association Alacero announced that in a market weakened by the loss of competitiveness and consumption, derived from the high cost of the domestic market and unfair competition, Latin America saw its...

Posted By : Nishith Sharma 18 hours 47 minutes ago
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After a rather positive start to the year, particularly for the rampant Indian market, subcontinent fundamentals have been reflecting weakened global shipping sentiments as declining steel plate prices and a diminishing...

Posted By : Nishith Sharma 18 hours 45 minutes ago
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Pakistan Today reported that despite a strong lobby supporting the proposed revival plan of Tuwairqi Steel Mills Limited through an expected investment of around USD 700 million, the framework for the plan has recently...

Posted By : Nishith Sharma 18 hours 43 minutes ago
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Jindal Stainless (Hisar) Limited has reported a consolidated net profit of INR 80 crore for the quarter, a 11% decline from INR 94 crore yoy due to a steep surge in import of stainless steel in the market in the year...

Posted By : Nishith Sharma 18 hours 41 minutes ago
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Express News Service reported that people of Yeradicheri village in Brahmasamudram mandal in Anantapur district in Karnataka were baffled when a two-seater aircraft made an emergency landing in the agriculture fields on...

Posted By : Nishith Sharma 18 hours 39 minutes ago
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The European Commission has launched a second review of the current safeguard measures on steel imports into the EU. The EC will look at the overall framework and also review the list of developing World Trade...

Posted By : Nishith Sharma 1 day 14 hours 53 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 : Nishith Sharma 1 day 14 hours 52 minutes ago
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Steel Authority of India Limited has declared its performance results for the 3rd quarter of Financial Year 2019-20. During the quarter, the company reported a 5% growth in its topline over CPLY. Despite the reduction...

Posted By : Nishith Sharma 1 day 14 hours 51 minutes ago
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Technology leader ABB has been selected to supply a full electrification and automation package for the unique Hydrogen Breakthrough Ironmaking Technology pilot plant in Luleå in northern Sweden, whose main energy...

Posted By : Nishith Sharma 1 day 14 hours 49 minutes ago
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Croatia News reported that Pelješac Bridge might be the first victim of the coronavirus in Croatia as the Chinese factory which is building the steel structures for the bridge is temporarily closed. This does not mean...

Posted By : Nishith Sharma 1 day 14 hours 48 minutes ago
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Odisha media reported that Keonjhar-based Kashvi International Pvt Ltd has bagged the 106.53 hectare Jaribahal iron ore block with 7.15 million tonnes in the ongoing mining auction in Odisha by committing to pay 150 per...

Posted By : Nishith Sharma 1 day 14 hours 45 minutes ago
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A new meltshop will be installed at North Star BlueScope Steel at Delta in Ohio in USA. The new facility will include a single-bucket charge, 195 Short Ton EAF, two LMFs and Pulse Jet fume treatment plant with fume...

Posted By : Nishith Sharma 1 day 14 hours 43 minutes ago
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Brazilian integrated steelmaker Usiminas announced performance results for 2019. It’s crude steel output in 219 increased 6% YoY to 3.26 million tonnes, finished steel production fell 4% YoY to 4.06 million tonnes and...

Posted By : Nishith Sharma 1 day 14 hours 42 minutes ago
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As per media reports, Tata Steel Ltd is expecting its capex during the current fiscal to touch the INR 9,000 crore mark and will take a cautious approach at the capital allocation for the next financial year. As per...

Posted By : Nishith Sharma 1 day 14 hours 40 minutes ago
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Taiwanese steel giant China Steel Corp has reported a loss in January 2020 for a third consecutive month as revenue hit its lowest monthly level in more than three years. The company last month incurred pre-tax losses...

Posted By : Nishith Sharma 1 day 14 hours 39 minutes ago
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Stable production and favourable market conditions enabled LKAB to increase its operating profit both for the quarter and for the full year, this despite lower delivery volumes. The market remains uncertain, however....

Posted By : Nishith Sharma 1 day 15 hours 33 minutes ago
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OPEC has slashed forecasts for global oil demand as the coronavirus hits fuel use in China, leaving the group facing a renewed glut despite its recent production cuts. OPEC reduced projections for demand growth in the...

Posted By : Nishith Sharma 1 day 16 hours 32 minutes ago
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The China Iron and Steel Association has appealed to the Ministry of Transport to take forceful measures to ensure mills had adequate transportation to sustain their operations. It said “Extreme measures taken to...

Posted By : Yogender Pancholi 4 days 16 hours 43 minutes ago
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JFE Steel announced its decision to idle part of its steel plate manufacturing operations in Japan on account of falling steel demand and faltering global economic growth situation. Some of the production lines at its...

Posted By : Yogender Pancholi 4 days 16 hours 45 minutes ago
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