THYSSENKRUPP-TATA STEEL JV'S EU VETO IS SUPPORTED BY THE COURT After having its arguments dismissed by Europe's second-highest court, Thyssenkrupp has lost its battle against the European Union's antitrust veto of its proposed historic joint venture with Tata Ste...
CHINA'S MARKET FOR IRON ORE IS STILL FACING UNCERTAINTIES ABOUT DEMAND, DESPITE THE RECOVERY As Chinese markets were boosted by President Xi Jinping's promise to take more effective steps to accomplish the nation's economic and social development goals, Dalian iron ore recovered in afternoon ...
USA'S STEEL PRODUCER MODERNIZES LADLE FURNACE AT ARIZONA PLANT The new ladle furnace at Arizona MIDA minimill #1 has begun operating, according to CMC Steel, a manufacturer of steel in the United States. The old ladle-furnace transformer has just been replaced wi...
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...
