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...
INDIA: SPONGE IRON PRODUCERS IS DITCHING COAL FROM SOUTH AFRICA FOR LESS EXPENSIVE MOZAMBIQUE ORIGIN 60,000 tonnes of coal from Mozambique have been ordered by at least 10 sponge iron and secondary None [1] steel plants in Odisha and Chattisgarh. Additional fifty or so have expressed interest in res...
CHINA: DESPITE A RECOVERY, THE FORECAST FOR IRON ORE REMAINS GLOOMY Iron ore futures in Dalian and Singapore increased on Monday as a result of China lowering its benchmark lending rate to assist the country's economy, but it is anticipated that the price increase wou...
WITH RISING ENERGY PRICES, ZINC AND ALUMINUM PRICES ARE PROJECTED TO RISE Industrial metals prices are being affected by sluggish economic development, but zinc and aluminum are anticipated to perform better if sky-high energy prices compel European smelters to further redu...
MALAYSIAN BUSINESS WILL INAUGURATE A NEW SLAB CASTER IN TERENGGANU Eastern Steel, a subsidiary of the Jianlong Group, in Malaysia hired Danieli to provide a cutting-edge slab caster so that it could offer the nation with high-quality goods that are now imported. Slab...
