[Industry news] Baosteel posts 57% fall in net profit for 9 months2013-10-31
2013-10-31
China's Baoshan Iron & Steel Co Ltd posted a 57% fall in net profit for the first nine months of the year as a faltering economic recovery and record steel production weighed on prices.
[Industry news] TATA Steel's Long Products restructuring in UK to hit 500 workers2013-10-30
2013-10-30
The proposed changes affect predominately management and administrative functions at sites in Scunthorpe, Teesside and Workington and could lead to the loss of around 500 jobs. About 340 positions could be affected in Scunthorpe, 90 in Workington and 40 in Teesside.
[Industry news] US probes electrical steel imports from 7 countries2013-10-29
2013-10-29
The US Commerce Department announced that it initiated trade probes against imports of electrical steel products from seven foreign countries. The products under investigation are flat-rolled alloy steel products used in electric power industry, whose technical name is grain-oriented electrical steel.
[Industry news] Record production of Rebar and HRC keep price depressed in China2013-10-25
2013-10-25
Resounding growth in production of long and flat products has enfeebled sentiments in steel market. Highly sensitive industry has been prone to indulge in production surge at even faint uptick. Taking cue from spirited run in August and September production picked up in September.
[Industry news] Odisha asks SAIL to raise RSP capacity to 10 million tonnes2013-10-24
2013-10-24
Economic Times reported that having awarded 6 iron ore mines to SAIL, the Odisha government has asked the steel maker for raising the capacity of Rourkela Steel Plant to 10 million tonne per annum by March, 2017 before considering more mines for the PSU.
[Industry news] Inevitable descent commences in full swing in input steel prices2013-10-22
2013-10-22
After an ominous lull on Friday the decline picked up on Monday in Pencil Ingot price levels all over the country. As we have been maintaining the isolated sprint in input material price levels since 8th October was doomed since start unsupported by corresponding pick up on finished buying.
[Industry news] China September power and steel output grows strongly2013-10-21
2013-10-21
Reuters reported that China's power generation picked up sharply to climb for a sixth month in September and crude steel output rose at its quickest pace this year as Beijing boosted investment in infrastructure, although analysts see slower growth ahead.
[Industry news] JSPL Angul 5 Meter Wide Plate Mill- World Class Technology2013-10-16
2013-10-16
JSPL Angul is equipped with India's first 'one of a kind' state-of-the-art Plate mill that produces plates of 5 meters width. JSPL epitomizes its performance-oriented service by producing plates ranging from 5-150 mm in thickness & widths of 1500 -5000 mm .The total production capacity of the plant is 1.5 million tonnes per annum
[Industry news] HRC and CRC offers from China and Russia into Europe2013-10-15
2013-10-14
China
Chinese HRP Mills are offering price around USD 590 - 595 per tonne effective CFRFO Europe for HRP in quality S275JR (B added).
Quality S355J2+N is offered with an extra of USD 20 to 25 per tonne i.e. USD 610 to 620 per tonne.