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Ezz Steel SAE : National Bank of Egypt arranges $234.5mn loan to ...
Sun, 25 Jan 2015 07:49:00 GMT
National Bank of Egypt (NBE) arranged a EGP1.7bn ($234.5mn) long term loan to restructure Ezz Steel's debts, a large steel producer, Ahram Online reported. NBE was the lead arranger and Arab African International Bank escrow agent. The purpose of the loan ...

Chinese steelmakers to dent oversupply
Sat, 24 Jan 2015 19:31:00 GMT
state-owned Wuhan Iron & Steel Group and Hebei province-based Tangshan Iron & Steel, are scheduling maintenance on some facilities, according to industry consultancy Custeel. Those companies did not immediately respond to requests for comment from Reuters.

Yellowstone River oil spill clean-up hindered by ice at site of pipeline ...
Sat, 24 Jan 2015 18:19:07 GMT
Last Saturday, the 12in steel pipe that runs through Montana and into North Dakota ruptured beneath the Yellowstone, spilling 960 barrels of crude oil, or approximately 40,000 gallons into the river, Bridger said. Roughly an hour after the burst, the ...

Hard times rock steel industry
Sat, 24 Jan 2015 18:10:00 GMT
35 minutes ago Joseph S. Pete, (219) 933-3316 EAST CHICAGO Nearly 700 steel industry jobs have vanished from Northwest Indiana over the past week as both of the regions major steelmakers announced cutbacks. The cuts have been ...

Investor's Watch List-ArcelorMittal (MT), Elray (ELRAD), AK Steel ...
Sat, 24 Jan 2015 15:12:46 GMT
Birmingham, West Midlands (TechSonian) January 24, 2015 ArcelorMittal SA (ADR) (NYSE:MT)declared the sale of its interest in the Kuzbass coal mines in the Kemerovo region of Siberia, Russia, to Russias National Fuel Company (NTK).

Water restored, Pearl Road open after Strongsville water main break
Sat, 24 Jan 2015 14:53:00 GMT
Goersmeyer said that due to fact that the piping is concrete as opposed to cast iron or steel, and the sheer size of the break, repairs are going to take a bit of time to complete. As of 5:30 p.m., water to the main has been turned off, but no one is ...

Timken-XEMC Joint Venture in China Shipping Ultra-Large Bore Bearings ...
Sat, 24 Jan 2015 12:21:00 GMT
CANTON, Ohio, July 1 xxx -- The Timken Company (NYSE: TKR) said its Timken-XEMC Joint Venture in Xiangtan, Hunan province ... The company also provides clean steel from its facilities in Canton, Ohio, for its own production and various ...

Companhia Siderurgica Nacional Earns BB Credit Rating (SID)
Sat, 24 Jan 2015 06:24:00 GMT
Companhia Siderurgica Nacional (NYSE:SID ... which is active in the production of iron ore; Cement sector, which is involved in the manufacture of cement, as well as in the exploration of limestone and dolomite; Logistics sector, which consists of around ...

Coal production drops in China for 1st time in 14 years
Sat, 24 Jan 2015 05:28:06 GMT
BEIJING (AP) China recorded its first drop in coal production since 2000 last year, as the world's biggest greenhouse gas emitter pulls back on its use of the fossil fuel and switches to cleaner energy sources.

Tata Steel facilitates employability training for youths at CIPET
Sat, 24 Jan 2015 04:04:00 GMT
Report by Odisha Diary bureau, Kalinganagar: Aimed at facilitating employment of youths through training, Tata Steel would assist 52 youths to get training at Central Institute of Plastic Engineering and Technology (CIPET), Bhubaneswar. The training would ...

US Steel says its closing Illinois plant, laying off 176
Sat, 24 Jan 2015 02:35:03 GMT
GRANITE CITY, Ill. (AP) U.S. Steel says it is closing its plant in southern Illinois and laying off 176 workers.

More than 300 jobs could be lost with idling of ArcelorMittal plant ...
Sat, 24 Jan 2015 01:51:42 GMT
EAST CHICAGO ArcelorMittal plans to idle its Indiana Harbor Long Carbon facility on March 1, and then shut down the rolling mill sometime over the next three months, in a move that could result in the permanent loss of 304 jobs in East Chicago. The ...

Chinese mill pre pone maintenance as buying slumps and inventory ...
Sat, 24 Jan 2015 00:00:00 GMT
Wuhan Iron & Steel Group and Tangshan Iron & Steel are scheduling maintenance on some facilities. According to Custeel, 12 large mills will cut their total output by an estimated 896,000 tonnes during scheduled overhauls over January and February.

AK Steel: Lower Raw Material Costs To Offset Fall In Steel Prices
Fri, 23 Jan 2015 19:23:01 GMT
AK Steel (AKS) expects a significant reduction in its unit production costs. So it's well positioned to benefit from lower raw material costs.

Will U.S. Steel (X) Beat Earnings Again This Season - Analyst Blog
Fri, 23 Jan 2015 18:50:06 GMT
U.S. Steel (X) is set to release its fourth-quarter 2014 results after the closing gong on Jan 27.

Enrc, Zamin Set For London Court Clash Over Brazil Mine Next Year
Fri, 23 Jan 2015 18:37:37 GMT
Two mining companies in a spat over a Brazilian iron ore project are set to battle it out in a London court in early 2016. A London high court judge on Friday set a trial date of late January next year for the case, which pits Kazakhstan's Eurasian Natural Resources Company (ENRC) against former joint venture partner in the project, Indian tycoon Pramod Agarwal's Zamin Ferrous. Both sides have ...

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