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Italian government fast tracks Ilva private-public partnership
Fri, 25 Sep 2020 00:00:00 GMT
A clearer definition of the new public-private partnership for troubled steelmaker ArcelorMittal Italia may be announced as early as October, Italian economic development minister Stefano Patuanelli has told unions. This comes as negotiations with ArcelorMittal are xxx from union representatives. Workers at the Taranto site have implemented a series of strikes to protest over

MMK among the best Russian companies in terms of anti-corruption ...
Fri, 25 Sep 2020 00:00:00 GMT
According to the results of the Anti-Corruption Rating of Russian Business issued by the Russian Union of Industrialists and Entrepreneurs (Russian acronym RSPP), Magnitogorsk Iron and Steel Works (MMK) ranked among the companies with the highest level of anti-corruption efforts in the

Delay in deciding BPSL case will only hurt lenders and bidder
Thu, 24 Sep 2020 00:00:00 GMT
Delays in deciding the Bhushan Power & Steel (BPSL) case will only hurt the affected lenders and the bidder, a top JSW Steel executive told ET, even as the Enforcement Directorate approached the top court against a judicial order that had approved the JSW bid for the debt-laden

Audit to unmask Zisco losses
Wed, 23 Sep 2020 17:07:00 GMT
THE Government would soon carry out a forensic audit at the defunct steel giant, Ziscosteel, to quantify and ascertain the losses at the company, acting Ziscosteel board chairperson, Engineer Martin

SMS Group Ensures Maximum Availability of CSP Plant at Ezdk
Wed, 23 Sep 2020 01:00:00 GMT
Alexandria Egypt based Al Ezz Dekheila Steel Company has concluded a full-service contact with SMS group for its Compact Strip Production Plant. The service contract covers the X-Pact electrical

Why Commercial Metals (CMC) is Poised to Beat Earnings Estimates ...
Tue, 22 Sep 2020 00:00:00 GMT
Commercial Metals (CMC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly

NLMK supplies electrical steel to Riga Electric Machine Building ...
Tue, 22 Sep 2020 00:00:00 GMT
NLMK has supplied the first shipment of electrical non-grain-oriented steel to Riga Electric Machine Building Works (AS Rgas elektromanbves rpnca, part of

Nucor Sees Downstream Products Earnings to Improve in Q3
Fri, 18 Sep 2020 00:00:00 GMT
Nucor's (NUE) downstream products unit is witnessing a strong quarter driven by the resiliency of non-residential construction

Vale plans iron-ore capacity jump to 400Mt/y
Fri, 18 Sep 2020 00:00:00 GMT
Brazilian iron-ore giant Vale has detailed plans to increase its production capacity to 400-million tons a year a substantial improvement on the capacity of its current operating assets. The miner currently has the capacity to produce 318-million tons a year. In 2018, before the Brumadinho dam disaster shrunk its output, Vale produced 385-million tons. In an investor and analyst site visit presentation, posted on Vales website, the major does not state by when it intends to create the

Steel industry witnesses demand revival
Fri, 18 Sep 2020 00:00:00 GMT
A surge in demand from the auto and white goods sectors and moderate activity in government infrastructure projects are driving the recovery of large Indian private steel producers, with some even beating last years numbers. However, small steel producers had to cut production because of severe shortage of raw material and higher input costs. Indias largest steel producer, operated at 100% capacity for the first time in August since the nationwide lockdown, Tata Steels managing director

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