[Industry news] Nippon Steel & Sumitomo Metal Corporation and Toho Titanium form JV2013-09-05
2013-09-05
Nippon Steel & Sumitomo Metal Corporation and Toho Titanium Co Ltd with the objective of responding to the growing demand for titanium alloy products for aerospace, have agreed to establish and operate a joint venture to produce titanium ingots (intermediate products), on a commission basis, and have entered into a joint venture agreement.
[Industry news] Ghana steel makers want ban on scrap export extended - Report2013-08-29
2013-08-29
It is reported that the Steel Manufacturers Association of Ghana has called on the Minister of Trade and Steel Manufacturers Association of Ghana , Mr Haruna Iddrisu not to review the legal ban on export of ferrous scrap.
Mr MJ Patel chairman of SMAG called on the Minister to rescind his decision to open a window of opportunity for limited export and allow the ban to stay.
[Industry news] TATA Steel invests GBP 800,000 to curb Wales factory dust2013-08-26
2013-08-26
PTI reported that Indian steel giant TATA Steel has invested GBP 800,000 in a new machine to curb the black dust emanating from its factory in Wales.
[Industry news] Chinese steel price index on August 212013-08-23
2013-08-23
The Chinese Long Product Price Index CLPPI has inclined by 4 points, whereas the Chinese Flat Products Index CFPPI has also inclined by 1 point. The overall price index CHISPI has gone up by 2 points
[Industry news] European steel industry in deep crisis - Report2013-08-22
2013-08-22
It is reported that the European steel industry is in deep crisis. Several major corporations have already announced thousands of layoffs due to overcapacity and shrinking markets. The whole industry in Europe is being completely reorganized.
[Industry news] Malaysia Steel expected to see its net profit in next 3 years2013-08-20
2013-08-19
It is reported that Malaysia Steel Works Bhd is expected to see its net profit accelerate at a strong double digit growth in the next 3 years on the back of the group's expansion plans, which would help enhance its operating margin despite steel product prices remain subdued.
[Industry news] Change of guard at US Steel2013-08-19
2013-08-18
United States Steel Corporation announced following changes in top management
[Industry news] CONDIAC chairman sees full economic recovery in 20142013-08-13
2013-08-13
Mr Raymundo Díaz Oñate president of Mexico's National Confederation of Steel Distributors said that the economic recovery will probably not engage fully in the H2 of 2013, but instead through 2014 and 2015 if approved structural reforms, such as energy and the tax revenue, are implemented.
[Industry news] Steel pricess sued for CNY 4.1 billion over stake in firm2013-08-08
2013-08-08
The liquidators of Pioneer Iron and Steel Group have sued Ms Diana Chen Ningning, the granddaughter of a former Chinese minister, her mother and other parties for CNY 4.12 billion (HKD 5.16 billion).They allege this is the amount stolen from the bankrupt company Ms Chen previously owned, a writ filed in the High Court states.