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 ...
POSCO BEGINS DEVELOPING A DEMONSTRATION FACILITY FOR MANUFACTURING STEEL BY HYDROGEN REDUCTION In order to achieve its goal of being carbon-neutral by 2050, Posco began constructing a demonstration facility for manufacturing steel by hydrogen reduction. On July 26 at the Pohang Technical Resear...
INDIA'S STEEL CORPORATION WILL INCREASE ITS CAPACITY TO PRODUCE REBAR In the next three years, India's Shyam Steel, a maker of rebar, stated it wants to increase its revenue to INR 9,000 crore (USD 1.12 bln). In 2021–2022, the business had a 4,500 crore INR in revenue. ...
ARCELORMITTAL INCREASES HRC OFFERING TO COUNTER RISING ENERGY AND SHIPPING COSTS According to many market sources, ArcelorMittal has announced an increase in offers for all flat products throughout Europe. For October rolling and November production, new offers for HRC have been r...
SEPTEMBER EXPECTS A PRICE REDUCTION OF TOKYO STEEL IN RESPONSE TO WEAK DEMAND Amid sluggish local market and declining demand from automakers, Tokyo Steel Manufacturing Co. Ltd. decides to lower prices for steel product by up to 6.5 percent starting in September. Hot rolled co...
