Steel company news headlines.

Metinvests Azovstal. A Symbol of Perseverance project receives ...
Tue, 28 Nov 2023 11:00:00 GMT
On 24 November 2023, the Effie Awards Ukraine, part of an international network recognising achievements in advertising and marketing communications, announced the countrys winning agencies and projects for 2023. The grand prize was awarded to Azovstal. A Symbol of Perseverance, a project created by Gres Todorchuk agency for the UNITED24 fundraising platform and Metinvest


Steel raw materials markets moving into Q1 with optimism on demand ...
Mon, 27 Nov 2023 00:00:00 GMT
Steel raw materials markets hoped for stronger demand and higher forward pricing cues this week, with buyers and traders converging in Dubai showing cautious optimism after a weak fourth quarter. At a Liberty Steel event Nov. 21 around a regional industry conference, iron ore suppliers, steel and ferroalloy producers and traders discussed the restart of a blast furnace at Galati in Romania a week earlier as a sign of better times for the industry. Feeding expectations of further restarts and


Metinvest HR Analytics Projects Receives Award at HR Pro Awards
Fri, 24 Nov 2023 14:15:17 GMT
Metinvest Group's project How HR analytics helps at times of war emerged as the winner in the HR Analytics category, while the Saving Lives humanitarian initiative made it to the finals in the Sustainability and Charity category. The HR Pro Awards 2023 ceremony took place on 23 November in


Ukraine: AMKR borrows $150 million from EBRD
Fri, 24 Nov 2023 10:30:31 GMT
The European Bank for Reconstruction and Development has provided a loan of $150 million to ArcelorMittal Kriviy Rih to replenish the working capital of the company. The loan was approved on November 15, and the funds are being provided. The loan will also support the development and realization of the new special program of


Tata Steel wins Rs 100 crore transfer pricing challenge
Fri, 24 Nov 2023 00:00:00 GMT
Tata Steel Ltd has won a Rs 100 crore transfer pricing claim against the revenue department, with the Income Tax Appellate Tribunal ruling in favor of the steelmaker. The tribunal also disallowed interest paid on perpetual non-convertible debentures and provisions for leave encashment, despite the assessing officer's


Fortescue shareholders reject executive pay proposal
Tue, 21 Nov 2023 08:13:30 GMT
Shareholders have rejected the pay and bonus policy at Fortescue, the Australian iron ore-to-green hydrogen company, following an executive exodus this year over the groups direction. While the vote is not binding, it does represent a setback for the mining and energy company. A second vote of more than 25 per cent against its pay policy at next years annual meeting could trigger a shareholder vote to dissolve the


Iron Ore Giant Fortescue Begins to Chart a New Course in Clean ...
Tue, 21 Nov 2023 04:35:00 GMT
Australian iron-ore titan Fortescue Metals Group approved a $550 million green hydrogen project in Arizona, part of an initial slate of projects aimed at recasting the company as a clean energy


Fortescue Approves $750 Million Investment Across Clean Energy ...
Tue, 21 Nov 2023 00:13:00 GMT
Fortescue Metals Group has approved two clean energy projects and another to produce iron using renewable energy, with a planned investment totaling roughly $750 million over the next three


Tokyo Steel keeps product prices steady in Dec for 5th month
Tue, 21 Nov 2023 00:00:00 GMT
Tokyo Steel Manufacturing Co Ltd, Japans top electric-arc furnace steelmaker, said on Monday it will hold steel product prices steady in December to reflect lacklustre demand in the construction and manufacturing sectors at home. This is the fifth month the company will keep prices unchanged for all of its steel products, including its main H-shaped beams. Tokyo Steels pricing is closely watched by Asian rivals such as South Koreas Posco and Hyundai Steel , and Chinas Baoshan Iron &


Australia's Fortescue approves $750 mln investment for three ...
Mon, 20 Nov 2023 23:51:18 GMT
Australia's Fortescue on Tuesday approved an estimated total investment of about $750 million over the next three years for two green energy projects and one green steel project as the iron ore miner seeks to become a top-tier clean energy producer. Fortescue approved investments in the U.S. hydrogen hub in Phoenix, Arizona; the Gladstone 50 megawatt green hydrogen project in Queensland, Australia; and the Christmas Creek green iron trial commercial plant in Western Australia. About $550 million will be used for developing an electrolyser and liquefaction facility in Phoenix, where first production of liquid green hydrogen is targeted for


Australia's Fortescue approves $750 mln investment for three ...
Mon, 20 Nov 2023 23:51:18 GMT
Australia's Fortescue approved on Tuesday an estimated total investment of about $750 million over the next three years for two green energy projects and one green steel project as the iron ore miner seeks to become a top-tier clean energy producer. Fortescue approved investments in the U.S. hydrogen hub in Phoenix, Arizona; the Gladstone 50 megawatt green hydrogen project in Queensland, Australia; and the Christmas Creek green iron trial commercial plant in Western


Forney Industries promotes two executives
Mon, 20 Nov 2023 14:10:00 GMT
Forney Industries Inc., a privately held third-generation welding and metalworking company in Fort Collins, Colo., has announced the promotion of two vice



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