IN Q3 2022 YOY, GERDAU'S NET PROFIT DECLINES BY ABOUT 34% Lower global steel prices and rising input costs are having a negative impact on the sector, according to Brazilian steelmaker Gerdau SA, which stated that its Q3 adjusted net profit decreased by appr...
NEW WALKING BEAM FURNACE INSTALLED BY THYSSENKRUPP AT THE DUISBURG SITE A brand-new, cutting-edge walking beam furnace has been finished by Thyssenkrupp Steel at its Duisburg location. The new unit's most significant benefit is a further increase in the surface quality of...
EXPORTS OF FINISHED STEEL FELL BY 55% IN 7 MONTHS OF FY23 YOY According to the most recent official data, India's completed steel exports more than halved over the first seven months of the fiscal year that started in April 2022. According to the report, finishe...
BLAST FURNACE AT FOS-SUR-MER FACTORY WILL BE SHUT DOWN BY ARCELORMITTAL At its Fos-sur-Mer factory in the south of France, ArcelorMittal said that it is ready to temporarily shut down one of its two blast furnaces. The steel manufacturer stated that the company is seeing ...
HIGHBAR IS PUTTING ARKANSAS REBAR MILLS INTO OPERATION A greenfield location in northeast Arkansas has been chosen by Highbar LLC, a newly created firm focusing on sustainable scrap metal recycling and steel production, to erect the first of two rebar ste...
DUE TO EXPORT DUTIES AND DUMPING, JINDAL STAINLESS'S REVENUES DECLINE FROM JULY TO SEPTEMBER 2022 Due to import dumping and an export tax, the Indian stainless steel manufacturer Jindal Stainless reported a second-quarter profit that more than halved. The company's combined earnings for the three ...
THE MICHIGAN FACILITY OF WORTHINGTON SPECIALTY IS PURCHASED BY MARUBENI-ITOCHU STEEL. Through its North American affiliate, Marubeni-Itochu Steel America Inc. (MISA), Marubeni-Itochu Steel Inc. announced that it has finished buying the last Worthington Specialty Processing facility in ...
MODERNIZATION OF EAF AT BIRMINGHAM FACILITY BY NUCOR STEEL The order for a new automatic temperature and sample manipulator for the EAF from CATFIS was given to MORE North America by Nucor Steel Birmingham, USA. The CATFIS manipulator is a quick and accurate ...
HOA SEN GROUP HAS WON THE VIETNAM VALUE 6TH TIMES IN A ROW On November 2, a ceremony to honor 172 businesses with 325 products that achieved the Vietnam Value in 2022. HSG has won this six times in a row achieved the Vietnam Value in 2022 This accomplishmen...
GLOBAL PRODUCTION OF STAINLESS STEEL FELL BY 3.5 PERCENT YEAR OVER YEAR IN THE FIRST QUARTER OF 2022 The first half of 2022 saw a 3.5 percent YoY reduction in stainless steel melt shop output, according to the most recent data from the World Stainless Association (Worldstainless). China produced 17.2...
FOR ITS ILLINOIS-BASED TUBULAR GOODS OPERATION, NUCOR PURCHASES A PACKAGING SYSTEM A packing system and cutoff from Fives have been ordered by the steel manufacturer Nucor Corp. for their tubular products factory in Marseilles, Illinois. A new Taylor-Wilson packaging method will be ...
FORD AND TATA STEEL IJMUIDEN STRIKE AN AGREEMENT FOR THE SUPPLY OF GREEN STEEL When the IJmuiden steelworks transitions to using green hydrogen-based steelmaking, Tata Steel Nederland will start supplying Ford in Europe with Zeremis green steel. Ford will not be able to meet its...
