AT THE WARDHA STEEL COMPLEX, INDIA STEEL COMPANY COMMISSIONS A BLAST FURNACE. The blast furnace 2 at the Wardha Steel Complex, close to Nagpur, Maharashtra, has been successfully commissioned, according to a Nithia Capital announcement. The new blast furnace can produce 700,000...
THE WORLD'S LONG STEEL MARKET IS UNCERTAIN DUE TO RISING PRICES AND WEAK DEMAND We have now entered a rising-cost business cycle, which is making the situation in the worldwide market for long steel goods worse. According to the International Rebar Producers and Exporters Associa...
THE PRICES REMAIN CONSTANT FROM THE BIGGEST IRON ORE PRODUCER IN INDIA According to a filing by the firm, the price for a ton of lump ore will be INR 4,100 (US$51.5) and for a ton of fines, it would be INR 2,910 (US$36.5). Since August 11, when the mining giant raised th...
TO REDUCE DEPENDENCY ON IMPORTED NATURAL GAS, UK STEEL COMPANY MAKES INVESTMENTS IN NEW TECHNOLOGIES AT ITS PORT TALBOT FACILITY In an effort to decrease its reliance on imported natural gas, Tata Steel has spent GBP 400,000 (USD 463,596) in new technologies at its Port Talbot factory. The new machinery, according to the None [...
IN H1 2022 YOY, CRUDE STEEL PRODUCTION IN LATAM NATIONS DECREASES BY 2.3 PERCENT According to data from Alacero, the Latin American Steel Association, crude steel output in Latin America decreased by 2.3 percent in the first half of 2022 compared to the same period in 2021. Argent...
A MEXICAN BUSINESS WILL INAUGURATE A NEW DUAL LADLE FURNACE Talleres y Aceros S.A., a steel manufacturer in Mexico, de C.V. Tyasa has a contract for a new twin ladle furnace with Primetals Technologies. At Tyasa's Ixtaczoquitlan facility in southeast Mexico, t...
BY MARCH 2023, THE GOVERNMENT IS ANTICIPATED TO LAUNCH AN AUCTION FOR THE SALE OF NMDC'S STEEL FACTORY. By the end of March, the Indian government is anticipated to release a request for proposals for the strategic sale of NMDC's Nagarnar Steel Plant, according to a source cited by PTI. The Chhattisgar...
HOA SEN GROUP IS THE ONLY STEEL SHEET COMPANY TO BE HONORED IN THE CUSTOMS-BUSINESS FORUM 2022 FYI: CUSTOMS - BUSINESS FORUM 2022 Hoa Sen Group is the only steel sheet company to be honored with "Good compliance enterprise with customs law, contributing large taxes to the state budget" Many se...
HOA SEN GROUP IS THE ONLY VIETNAM PRIVATE ENTERPRISE TO HAVE BEEN HONORED " GOOD COMPLIANCE ENTERPRISE WITH CUSTOMS LAW, CONTRIBUTING LARGE TAXES TO THE STATE BUDGET" During the ceremony, Nguyen Van Can, the director general of the general department of customs, and the editor-in-chief of Customs Magazine gave medals and flowers to the representatives of the nine b...
GOVERNMENT RESOLVES THE AJAOKUTA STEEL ISSUE FOLLOWING CLAIMS FROM INDIAN STEEL COMPANIES Nigeria has resolved a USD 5.3 billion dispute about the ownership and control of Ajaokuta Steel Co. and an iron ore mine. The dispute was brought by Indian-owned companies Global Steel Holdings and G...
WITH TATA STEEL MINING, NAVA WILL NO LONGER BE CONVERTING FERRO CHROME At the end of October 2022, Nava will stop producing high carbon ferro chrome for Tata Steel Mining (TSML). The manufacture of high carbon ferro chrome for TSML has run into technical problems for the...
ESSAR AGREES TO SELL ARCELORMITTAL NIPPON STEEL ITS PORTS AND ELECTRICITY INFRASTRUCTURE ASSETS Essar Group announced a USD 2.4 billion deal to sell Arcelor Mittal Nippon Steel Ltd. its port operations. Essar said in a statement that it has signed final contracts with ArcelorMittal Nippon None ...
