BRITISH STEEL WILL INSTALL SOPHISTICATED GUIDANCE SYSTEMS IN THE SCUNTHORPE WIRE ROD PLANT Danieli Morgardshammar Guide Systems was chosen by British Steel to provide intelligent guides for a 4-strand wire rod mill facility in Scunthorpe, England. One million tons of 5.5 to 17 mm-dia rounds...
COMPETITION AUTHORITIES GIVE OUTOKUMPU THE GO-AHEAD TO SELL ITS LONG STEEL BUSINESS Outokumpu, a Finnish manufacturer of stainless steel, has gained clearance from all necessary competition authorities, including the US Federal Trade Commission and the European Commission, to complet...
PROJECT FOR CARBON COLLECTION AND UTILIZATION IS STARTED BY ARCELORMITTAL GHENT According to a press statement from the firm, ArcelorMittal's flagship carbon capture and utilization (CCU) project at its steel mill in Ghent, Belgium, was successfully launched. For the European ste...
EXXONMOBIL GUYANA GRANTS VALLOUREC A SIGNIFICANT ORDER In accordance with the Long-Term Agreement (LTA) that was inked last year with ExxonMobil Guyana, Vallourec has acquired a third significant order. According to the agreement, Vallourec will provide l...
EXPORTS OF FINISHED STEEL FALL BY 55% FROM APRIL TO NOVEMBER 2022 According to the most recent official data, India's completed steel exports decreased by more than half during the first eight months of the current fiscal year, which started in April. Between April ...
FALK PURCHASES THE DUTCH UNIT SOLD BY SALZGITTER According to a press announcement from Salzgitter, Falk Bouwsystemen, situated in Ede, the Netherlands, will take over Salzgitter Bauelemente GmbH (SZBE) on January 1, 2023. Now that the takeover has ...
IN LUDHIANA, TATA STEEL WILL INAUGURATE A NEW REBAR FACILITY The Danieli minimill has been ordered by India's Tata Steel for its Punjab rebar factory. Tata Steel is committed to investing in a circular economy and making the transition to low-carbon steelmaking...
HAWSON OBTAINS LETTERS OF INTENT FOR THE SALE OF 58 MILLION TONS OF HIGH-GRADE IRON ORE The global steel industry is under increasing pressure to decarbonize output, and Australia's Hawsons Iron Ltd. has signed to non-binding Letters of Intent (LOIs) for the offtake of up to 58 million t...
GALVANIZED WIRE IMPORTS FROM CHINA AND SOUTH KOREA ARE SUBJECT TO AD TARIFFS FROM THE MINISTRY According to the finance ministry, Japan would place anti-dumping taxes on imports of hot-dipped galvanized steel wire from China and South Korea for a five-year term. The tariffs, to be imposed betwe...
RINL PROVIDES THE STRUCTURAL STEEL FOR THE GUJARATI AMNS EXPANSION PROJECT For its expansion project in Hazira, Gujarat, AMNS India received 1,800 tons of structural steel from RINL, a company situated in Visakhapatnam. The Gujarat-based steel manufacturer AMNS India started...
NIPPON STEEL IS LOOKING FOR MORE SUPPLIES OF COKING COAL The fourth-largest producer of steel in the world, Nippon Steel Corp., plans to increase its ownership of coking coal mines in order to ensure a steady supply of this essential component. The largest ...
GAINS IN IRON ORE FUTURES CONTINUE, BUT GROWING VIRAL CASES KEEP DEMAND WORRIES ALIVE The main contract is likely to post a weekly loss as record-high COVID-19 instances at the leading steelmaker impacted mood, while Dalian iron ore futures climbed on Friday, continuing a recovery on n...
