COMPLETE PURCHASE OF CSP BY ARCELORMITTAL Following the usual governmental clearances, ArcelorMittal declared that it had successfully acquired Companhia Siderurgica do Peccm (CSP) in Brazil for an estimated USD 2.2 billion in enterprise valu...
INDIAN RAILWAYS GRANTED A DEAL TO TATA STEEL TO PRODUCE NEW TRAINS The quickest and most feature-rich train in the nation, the Vande Bharat Express, will be built in 22 trains by Tata Steel for the Indian Railways over the course of the following year. According to t...
STEEL FACTORIES INCREASE THE COST OF HR AND CR FOR MARCH SUPPLIES The standard hot rolled coils are seeing a sequential 2–5 percent price increase from Indian steel factories, with the average price for March deliveries being around INR 61,000 (USD 745) per ton. Aft...
AFTER BUYING MITTAL CORP., SHYAM METALICS PLANS TO GENERATE USD 1 BILLION IN INCOME FROM THE STAINLESS STEEL INDUSTRY After acquiring Mittal Corp through the corporate insolvency settlement procedure, Shyam Metalics and Energy expects the stainless steel company to generate revenues of USD 1 billion (CIRP). Mittal Co...
TURKEY AND THE UAE SIGN A TRADE AGREEMENT AS RELATIONS IMPROVE A deal between the UAE and Turkey was struck in Abu Dhabi with the aim of increasing bilateral commerce to $40 billion by 2028. The economic and trade cooperation between the two nations has advanced...
WELSPUN SECURES A DEAL TO SELL LSAW PIPES TO THE MIDDLE EAST Welspun Corp Ltd (WCL), an Indian pipe manufacturer, announced that it has received a contract for the sale of LSAW pipes and curves to the Middle East. "WCL is delighted to tell you that it has been ...
IFGL AFFILIATE BUYS UK REFRACTORY MANUFACTURER Sheffield Refractories' 100 percent ownership has been acquired by Monocon International Refractories, the step-down and fully owned company of IFGL Refractories in the UK (SRL). For use in the iron a...
HOW TO CONTACT VIET NAM STEEL FOR INQUIRIES AND TO BUY OUR PRODUCTS Welcome to Viet Nam Steel, a leading manufacturer and exporter of steel sheet, steel pipe, and plastic pipe in Vietnam and Southeast Asia. We are a subsidiary of Hoa Sen Group, a global growth company...
CLEVELAND-CLIFFS INCREASES THE COST OF FLAT STEEL Cleveland-Cliffs Inc. declared that it is raising the existing spot market base prices by a minimum of USD 100 per net ton for all carbon hot rolled, cold rolled, and coated steel goods, effective rig...
SIGNIFICANT FINANCIAL LOSS IS REPORTED BY MINERA AUTLAN IN Q4 According to the company's report sent to the stock market, the company's net loss for the fourth quarter increased, going from a loss of $2.58 million in Q4 2021 to a loss of $41.7 million in Q4 2022...
OVAKO WILL UPDATE THE HALLEFORS ROLLING MACHINE The Swedish manufacturer Ovako has hired Pomini Long Rolling Mills to complete the upgrading of its Hallefors, Orebro County, rolling plant for special steels. The rolling mill produces high-value spe...
STEEL BAR PRICES WILL INCREASE BY TOKYO STEEL IN MARCH The leading producer of steel using an electric arc furnace in Japan, Tokyo Steel Manufacturing Co Ltd, said that it will increase the price of its steel bars by 3% in March to reflect the competitive...
