FOR AUGUST DELIVERIES, TAIWAN CORP. WILL LOWER DOMESTIC STEEL COSTS Given the weaker market demand and declining iron ore prices, Taiwan's China Steel Corp (CSC) announced it would drop domestic steel prices for deliveries starting next month by 5.61 percent. Accordin...
IRON ORE PRICES IN CHINA DECLINE AS STEEL FUTURES MAKE GAINS Chinese steel futures increased on Tuesday, supported by government initiatives to ease financial distress in the nation's troubled real estate sector, but iron ore prices decreased due to ongoing wor...
GERMAN BUSINESSES WORK TOGETHER TO CREATE LOW CARBON STRIP STEEL A partnership agreement covering the collaborative development and delivery of low-CO2 strip steel has been reached between Salzgitter AG and the Waelzholz Group. The agreement is originally valid unt...
INIDA STEEL BUSINESS MAKES SIGNIFICANT PROFIT IN APR-JUNE 2022 For the quarter that concluded on June 30, 2022, Jindal Steel and Power Limited (JSPL) announced a multifold increase in consolidated net profit to INR 2,770.88 crore (USD 347 mn). According to JSPL i...
JAPAN AND THE US HAVE SIGNED AN AGREEMENT TO RESEARCH LOW-CARBON, DRI-BASED STEELMAKING In order to speed the switch to lower carbon steelmaking, Anglo American and Nippon Steel Corporation have signed a memorandum of understanding. This collaboration will capitalize on the superior phys...
INDIAN STEEL COMPANY ANNOUNCES A GLOBAL TENDER FOR THE SUPPLY OF COKING COAL AND PCI Rashtriya Ispat Nigam Ltd (RINL), None [1] a steel manufacturer , has announced a global tender for the supply of coking coal and injection of pulverized coal. The delivery of 375,000 tons of coking ...
FINLAND STEEL MAKER SELLS LONG STEEL BUSINESS TO MARCEGAGLIA Outokumpu Oyj, a manufacturer of stainless steel [1] in Finland, has agreed to sell the bulk of its Long Products division to the Italian Marcegaglia Steel Group for EUR 228 million (USD 229 million...
LOW CARBON STEEL BECOMES DECADES-LONG VISION TO UK SUSTAINABLE STEEL PRODUCTION Following the successful discussion with the UK government over carbon pricing earlier this year,UK Steel continues to call for a renewed commitment to creating a supportive political climatefor None ...
INDIA: EXPORTS OF FINISHED STEEL PLUMMET IN JUNE 2022 India's completed steel exports for June decreased 53 percent year over year to 0.64 million tons from 1.4 million tons in the same period last year due to the government's export levy, a slowdown in ...
AMERICAN BUSINESS MODERNIZES ROLLING MILL AT IOWA FACILITY At Gerdau Wilton in Iowa, USA, AIC North America has successfully finished commissioning the initial drive upgrade phase. Replacement of stands 1, 2, 3, and 11 drives, as well as the activation of new...
IN THE PERIOD BETWEEN APRIL AND JUNE 2022, INDIA'S STEEL PRODUCTION INCREASED BY 16 PERCENT During April to June 2022, JSW Steel reported a 16 percent increase in its combined crude steel output, which totaled 5.88 million tons. According to a statement from the company, production for the s...
SWISS STEEL MAKES A HYDROPOWER INVESTMENT IN AN EFFORT TO REDUCE CARBON EMISSIONS AT THE STEELTEC PLANT A special steel mill in central Switzerland will be powered solely by green electricity thanks to a purchase Swiss Steel Group will make from renewable energy generator Axpo Holding AG of hydropower. ...
