Chinese steel giant, Baowu Steel is expected to see its annual steel capacity to reach 100 MnT by the end of next year, Chen Derong, chairman of the steel giant said at the second round of equity financing conference of Baowu’s steel trading e-commerce platform held on 28 Jun’19.
News ID: 5016 Publish Date : 2019/07/04
Driven by the weak demand and rising imports, the world’s largest steelmaker, ArcelorMittal said on Wednesday that it will further reduce steel production in Europe.
News ID: 4708 Publish Date : 2019/06/01
Tata Steel Europe and Thyssenkrupp AG, a German multinational had signed an equal joint venture agreement in June last year to combine their steel business which had made it the region’s second-biggest steelmaker, first being ArcelorMittal.
News ID: 4531 Publish Date : 2019/05/15
There seems to be no end to the delays in bankruptcy case of Essar Steel. Now as per the latest updates, Ahmedabad bench of NCLT (National Company Law Appellate Tribunal) has deferred its verdict on the resolution plan of Arcelor Mittal to 19 February and the subsequent hearing of NCLAT (National Company Law Appellate Tribunal) has been postponed to 28 February.
News ID: 3855 Publish Date : 2019/03/06
About 700 people were evacuated on Friday from two different towns in the Brazilian state of Minas Gerais where a dam collapse last month killed at least 157 people, with nearly 200 still missing and feared dead.
News ID: 3595 Publish Date : 2019/02/08
BRUSSELS – The European Commission has extended until Feb. 1 its investigation into measures required to prevent a surge of steel imports following the U.S. imposition of metal tariffs.
News ID: 3010 Publish Date : 2018/12/20
On Monday, after hearing the petitions filed by Essar Steel’s Committee of Creditors (CoC), Resolution Professional (RP) and ArcelorMittal, the two-member Ahmedabad bench of the National Company Law Tribunal (NCLT) comprising Justice Harihar Prakash Chaturvedi and Justice Manorama Kumari, has deferred the case’s hearing further till 13 Dec’18.
News ID: 2951 Publish Date : 2018/12/18
The founding family of India's private-sector Essar Steel has offered $7.4bn to creditors in an attempt to take the company out of the bankruptcy resolution process, complicating a bid by global steelmaker ArcelorMittal for the firm.
News ID: 2450 Publish Date : 2018/10/26
ArcelorMittal will have sold off all the plants it needs to divest by the end of this year as part of its Ilva transaction. And more clarity is emerging over the potential outcomes.
News ID: 2356 Publish Date : 2018/10/04
European steel pricing has been resolutely supported by trade defence measures, loose monetary policy, and rising Chinese mill profitability over the last 18 months.
News ID: 2281 Publish Date : 2018/09/26
US hot-rolled coil prices stabilised somewhat this week as lead times at one recently-aggressive seller nudged up a touch to four-five weeks.
News ID: 2271 Publish Date : 2018/09/25
Rio Tinto the world’s second-biggest producer of iron ore, is closer than ever to selling its $6 billion-stake in Iron Ore Company of Canada (IOC), as it hired investment bank Credit Suisse.
News ID: 2172 Publish Date : 2018/08/16
Thyssenkrupp's supervisory board on Friday gave the green light for a steel joint venture with Tata Steel, paving the way for the European steel sector's biggest shake-up in more than a decade.
News ID: 2148 Publish Date : 2018/06/30
Day 2 of Danieli Innovaction Meeting 2017 began with a visit to the workshops at Group Headquarters in Italy.
News ID: 1386 Publish Date : 2017/10/04
Buying activity in the Iranian flat steel import market was limited last week, with customers looking for lower prices amid weaker domestic demand and the downward sentiment afflicting the global steel market.
News ID: 1370 Publish Date : 2017/10/03
Iran’s largest flat steel producer Mobarakeh Steel Company ended the first half of the current year (March 21-Sept. 22) with notable growth in sales value and modest upticks in production and sales volume.
News ID: 1358 Publish Date : 2017/09/27
ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.
News ID: 1218 Publish Date : 2017/08/27
It will improve the performance of scale removal from plates during rolling and increase plant maintainability
News ID: 1114 Publish Date : 2017/04/14
World’s largest steel producing group of companies–ArcelorMittal–expanded its cooperation with Iran in 2016 by increasing steel product shipments to the country.
News ID: 1013 Publish Date : 2017/03/05
Iranian buyers now prefer locally produced flats, as their prices are more competitive compared to those of imported material.
News ID: 913 Publish Date : 2017/01/25
