H2GS COLLABORATES WITH MIDREX AND KOBE STEEL ON A GREEN STEEL INITIATIVE H2 Green Steel (H2GS), a Swedish company, is collaborating with Midrex, a global innovator in direct reduction ironmaking technology for the steel sector. Kobe Steel, the owner of Midrex, is strengthe...
DUE TO RISING ENERGY PRICES, OUTOKUMPU WILL LIMIT FERRO-CHROME OUTPUT UNTIL Q1 OF 2023 Outokumpu, a manufacturer of stainless steel in Finland, stated in a press statement that it will keep its ferro-chrome output to a minimum until the end of Q1 2023. "Since Outokumpu declared on Septe...
MARUBENI-ITOCHU STEEL PURCHASES A SIGNIFICANT UK STEEL DISTRIBUTION COMPANY The whole share capital of Barclay & Mathieson Ltd. has been purchased by Marubeni-Itochu Steel Inc. (B&M Group). The B&M Steel, B&M Architectural, Steel Plate and Sections (SPS), Industrial Metal Ser...
HOA SEN GROUP WAS HONORED "TOP 10 EXCELLENT BRANDS 2022" On October 12, 2022, Vietnam Economic Magazine VnEconomy - Vietnam Economic Times organized an exchange program with excellent Vietnamese businessmen and the Ceremony to announce and honor Vietnam's S...
A NEW SOLAR ENERGY PLANT WILL RUN AN ARKANSAS U.S. STEEL FACTORY A press statement from Entergy Arkansas states that the new 250 megawatt AC renewable energy plant's Driver Solar Project has received approval from the Arkansas Public Service Commission. None [1] Ac...
IN H1 FY23 YOY, TATA STEEL'S OUTPUT INCREASED BY 4% The India division of the steel giant reported a 2 percent increase in crude steel production, from 4.73 million tons in Q2 FY22 to 4.81 million tons in Q2 FY23. From 4.92 million tons in Q1 FY23, cru...
IN Q2 FY23, RAMA STEEL TUBES REPORTS GREATER QUARTERLY SALES Rama Steel Tubes Limited, an Indian tube maker, reported sales volume results for the second fiscal quarter of FY23, which concluded on September 30, 2022. The firm announced its biggest quarterly sal...
THE NINL FACTORY IN ODISHA IS OPENED FOR BUSINESS BY TATA STEEL Neelachal Ispat Nigam Ltd (NINL), situated in Odisha, has officially begun operations about 90 days after being purchased by a Tata Steel subsidiary for INR 12,000 crore through a competitive bidding ...
IN SEPTEMBER 2022 YOY, NMDC'S IRON ORE SALES INCREASED BY 6% Production of iron ore by the state-owned miner fell by 1.5 percent in September 2022 to 2.73 million tons from 2.69 million tons in September 2021. Sales of iron ore increased by 6.59 percent to 2.91...
HYUNDAI STEEL EXPANDS EARTHQUAKE-PROOF STRUCTURAL STEEL PORTFOLIO Hyundai Steel, the second-largest steel producer in South Korea, announced that their H Core earthquake-resistant structural steel would be added to other product lines. In order to accommodate elemen...
OUTOKUMPU HAS FINISHED SELLING ROBA HOLDING THE AALTEN PLATE SERVICING CENTER Outokumpu of Finland announced in June that Roba Holding will acquire its plate service facility in Aalten, the Netherlands. Outokumpu has officially finished the divestiture, and as of October 1 the ...
AMID WORLDWIDE EFFORTS TO REDUCE CARBON EMISSIONS, BHP ANTICIPATES INCREASED DEMAND FOR STEEL The largest listed miner in the world, BHP Group Ltd, raised its long-term steel demand estimate, noting that a worldwide move toward decarbonizing power generation will increase demand for the commod...
