NIPPON STEEL REPORTS A USD 4.1 BILLION PROFIT FOR THE PERIOD OF APRIL TO DECEMBER 2022 Nippon Steel Corporation, a Japanese company, announced higher profits for the nine-month period ending December 31, 2022. In comparison to the same quarter last year, the corporation reported net inc...
US RAW STEEL OUTPUT INCREASED BY 0.5% WEEK OVER WEEK The US produced 1,664,000 net tons of domestic raw steel in the week ending February 11, 2023, and 74.4 percent of its capacity was utilized, according to the American Iron and Steel Institute (AISI)....
OCT. 20–DEC. 2022: TATA STEEL EXPERIENCES A LOSS Compared to a profit of INR 9,572.67 crore in the same quarter previous year, Tata Steel recorded a consolidated net loss of INR 2,223.84 crore (USD 269 mn) for the quarter ending December 2022. The s...
BENTELER CANCELS TENARIS' PURCHASE OF ITS PIPE BUSINESS The previously-announced deal for the sale to Tenaris of 100% of the shares of American steel pipe manufacturer Benteler Steel & Tube Manufacturing Corporation has been unilaterally terminated, effect...
NMDC BOOSTS IRON ORE PRICES: LUMP ORE NOW PRICED AT INR 4,400 PER TON, FINES AT INR 3,910 PER TON India's largest iron ore producer NMDC has increased the price of its lump ore by INR 100 (USD 1.22) per ton and fines by INR 500 (USD 6.1) per ton. As a result of the price hike, lump ore now costs I...
DUE TO DECREASED PRICING AND GREATER EXPENSES, HYUNDAI STEEL'S NET PROFIT DECLINES BY 31% IN 2022 YEAR OVER YEAR Hyundai Steel Co., the second largest steel producer in South Korea, experienced a 31% decrease in its net profit last year due to a decline in product prices and higher costs. The company's net incom...
ALU-ZINC COATED STEEL SHEET (GL) FROM VIET NAM STEEL BY HOA SEN GROUP At Viet Nam Steel, we are dedicated to providing our customers with high-quality steel products that meet their specific needs. That's why we are proud to introduce the ALU-ZINC COATED STEEL SHEET (GL...
JAPAN'S INDUSTRIAL PRODUCTION INCREASED BY 0.2% FROM OCTOBER TO NOVEMBER According to the preliminary indexes of the Industrial Production report released by Japan's Ministry of Economy, Trade and Industry, in November of last year, Japan's industrial production increased ...
HOA SEN GROUP: A LEADING STEEL SHEET MANUFACTURER AND EXPORTER IN VIETNAM AND SOUTHEAST ASIA Founded in August 8, 2001, Hoa Sen Group has established itself as the leading company in the field of manufacturing and trading steel sheet in Vietnam. Over the past 20 years, the company has constan...
IN H2 2023, TURKEY COULD RESTORE ITS COMPETITIVENESS The major subject of conversation at a news conference organized by the Turkish Steel Exporters' Association (B) today was the effect of power costs and world events on the production and exports of t...
IMPORTS OF STEEL INTO VIETNAM DECREASED BY 1.7% IN DECEMBER COMPARED TO NOVEMBER According to statistics released by Vietnam's General Department of Customs, the country imported 946,716 mt of steel in December of last year, down 1.7% from November, while 206,380 mt of scrap was i...
WHILE STEEL PRICES FELL BY 24.8 PERCENT IN DECEMBER, PRODUCER PRICES IN MEXICO INCREASED BY 5.3 PERCENT In Mexico, producer prices rose 5.3 percent over the previous year in December. However, SteelOrbis' examination of data released Monday by the national statistics office Inegi shows that producer pri...
