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...
KASHMIR'S JSW GROUP WILL INAUGURATE A MANUFACTURING FACILITY FOR COLORED STEEL The announcement of the foundation-laying ceremony for their new steel factory in the Lassipora industrial region, Pulwama, South Kashmir, was made by Sajjan Jindal, Chairman and Managing Director of ...
JSPL PURCHASES ACID REGENERATION EQUIPMENT FOR THE ANGUL FACILITY For the supply of two Acid Regeneration Units at the Angul facility in Odisha, Jindal Steel & Power (JSPL) has granted a contract to John Cockerill India Ltd. JSPL now runs a 6 million ton/year integr...
VEYSEL YAYAN: TURKEY'S STEEL INDUSTRY IS CAPABLE OF PRODUCING THE REBAR NEEDED FOR EARTHQUAKE RECONSTRUCTION Veysel Yayan, secretary general of the Turkish Steel Producers' Association (TCUD), said that the nation's capacity for rebar, which is roughly 24 million mt, can easily meet the 4 million mt of rebar...
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...
