A JAPANESE STEEL FIRM MAINTAINED THE SAME PRICES IN JULY To guarantee that price increases introduced earlier this year would be absorbed by the market, Tokyo Steel Manufacturing Co Ltd, Japan's largest electric-arc furnace steelmaker, said it will maintain...
A UK STEEL COMPANY MAKES AN AGREEMENT WITH A RENEWABLE ENERGY COMPANY TO BUILD A CARBON CAPTURE PROJECT The largest multi-billion pound carbon capture project in the world will be built at the Drax power station in the UK, according to a recent agreement between British Steel and Renewables. The develo...
THE CHINESE GOVERNMENT PREVENTS NEW STEEL AND HEAVY INDUSTRY PROJECTS IN CERTAIN AREAS China will announce regulations that will prohibit new steel, coking, oil refining, cement, and glass projects in important regions. This is one of the important decisions* that will help the nation ...
HOA SEN GROUP - MORE THAN 20 YEARS OF ESTABLISHMENT AND DEVELOPMENT Hoa Sen Group was established based on the core values of Honesty - Community - Development. Over 20 years of establishment and development, Hoa Sen Group has become a leading corporation in the fie...
A BRITISH COMPANY WILL SPEND USD 97 MILLION ON IMPROVEMENTS AT THE SCUNTHORPE SITE In order to expand its product line and enhance operational and environmental performance, British Steel has started operations with GBP 80 million ($96.6 million). At the company's Scunthorpe locatio...
CANADA'S STEEL COMPANY HAS A GOOD YEAR IN FISCAL YEAR 2021-22 Algoma Steel Group Inc., a renowned Canadian producer of hot and cold rolled steel sheet and plate products, has released its fiscal year 2022 results. On a year-over-year basis, the company's consoli...
MALAYSIA: IN MAY 2022, STEEL BAR COSTS WILL RISE BY 20%. Following a rise in the price of building materials, the average price of steel bars jumped 20% to MYR 3,910 (USD 888) per ton in May 2022, from MYR 3,258 (USD 740) per ton the previous year, accordin...
IN KAPFENBERG, AN AUSTRIAN STEEL-BASED COMMISSIONS A SPECIFIC STEEL FACTORY At the Voestalpine location in Kapfenberg, the world's most sophisticated special steel mill will be gradually commissioned this summer, with full production starting in the fall. Despite an extremely...
IN 2022, GLOBAL STAINLESS STEEL OUTPUT IS EXPECTED TO INCREASE BY 4% In the first quarter of 2022, Chinese stainless steel output rebounded significantly. Following the Lunar New Year holidays and the Beijing Winter Olympics, supply chain players returned to the market...
STEEL FROM THE UNITED KINGDOM WILL START UP A NEW SLITTING LINE AT ITS HARTLEPOOL FACTORY. At its Hartlepool Tube Mill in the North East, ata Steel announced plans to invest more than GBP 7 million (USD 8.78 million) on a new slitting line. The new slitter will allow the plant to handle ste...
AS NEW VIRAL RESTRICTIONS THREATEN DEMAND, IRON ORE FUTURES FALL On continued concerns about demand in China, where fresh COVID-19 signals threaten to derail the economy's recovery and steel margins have come under pressure, iron ore prices dipped on Friday, with t...
KOREA' STEEL DEVELOPS HIGH-QUALITY ALLOY STEEL FOR ELECTRIC VEHICLES Hyundai Steel has created a high-quality alloy steel that minimizes noise from electric vehicles, according to the company. The steelmaking technique was created in collaboration with Hyundai Motor Gr...
