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JMS Russel Metals Corp. orders slitting line from Red Bud Industries
Fri, 13 May 2022 00:00:00 GMT
Russel Metals Corp. recently ordered a Heavy Gauge Slitting Line from Red Bud Industries for its facility in Blytheville, Arkansas, on the Nucor

Zaporizhstal eyes Polish demand amid disrupted supply
Fri, 13 May 2022 00:00:00 GMT
Ukraines Zaporizhstal, a flat steel mill partially owned by Metinvest, has started the production of a new type of hot rolled coil for Polish customers. Clients from Poland have ordered HRC in coils each weighing at least 9 tonnes, according to Ukrainian media reports. Previously, two coils were welded together to fulfil such an

Marcegaglia buys Liberty's UK tube business
Fri, 13 May 2022 00:00:00 GMT
Marcegaglias UK division has acquired Liberty Steels Oldbury-based Precision Tubes assets in the West Midlands, the Italian pipemaker confirms to Kallanish. Prior to the purchasing deal, Marcegaglia operated Libertys facilities under a licence agreement. During the two-year assessment, Marcegaglia UK has used the assets to contribute to its existing business, which has aided the

Thyssenkrupp's earnings win over costs in first half-year
Thu, 12 May 2022 00:00:00 GMT
Despite macroeconomic and geopolitical headwinds, thyssenkrupp was able to continue its good performance into the second quarter of the fiscal year through September 2022 (FY22). The groups order intake went up by over 50% year-on-year to 13.6 billion ($14.4 billion). Key drivers were higher market prices for steel achieved by its mill unit, tk

Ruias, ArcelorMittal look to settle Hazira dispute
Thu, 12 May 2022 00:00:00 GMT
The Hazira steel plant is the country's largest single-location flat steel plant. It was set up by Essar at a cost of more than Rs30,000 crore and was acquired by Arcelor Mittal in bankruptcy proceedings in

Metinvest to conduct scheduled maintenance of Italian re-rolling ...
Wed, 11 May 2022 18:22:55 GMT
Metinvest, an international vertically integrated group of steel and mining companies (jointly referred to as Metinvest or the Group) decided to move the scheduled maintenance of the Italian re-rolling plants of the Group Metinvest Trametal (S. Giorgio di Nogaro, UD) and Ferriera Valsider (Vallese di Oppeano, VR) from August 2022 to May

Ukraine: AMKR to focus on concentrate sales
Tue, 10 May 2022 09:56:35 GMT
Before the war, ArcelorMittal Kriviy Rih produced raw materials mostly for its own use. The company exported only 20% of iron ore concentrate. Now AMKR exports 80%. In May, the company intends to export 450 thousand tons of concentrate, with 100 thousand tons via a new loading unit. Investments in the new unit exceeded

India: Domestic steel outlook firm amid concern of global steel ...
Tue, 10 May 2022 00:00:00 GMT
The Indian steel sector outlook, on the back of strong domestic demand from government and private sectors, is likely to remain firm amid concern of global demand uncertainties in the current fiscal. Tata Steel expects that demand and prices will remain strong as China will no longer be adding 50-60 million tonnes to its capacity annually and that country may not export significantly higher quantities to disrupt steel prices globally. However, India Ratings and Research (Ind-Ra) has

Tata prefers growing organically over acquisitions this decade
Tue, 10 May 2022 00:00:00 GMT
Tata Steel aims to expand the capacity through organic growth at its existing facilities to grow its steel production capacity to 40-50 million tonnes/year through 2030, from the existing 20m t/y, it says. It doesn't need to acquire new assets to reach its production goals, Kallanish notes. Most of our growth in the last

IMIDRO defines 30 investment packages for reviving idle mines ...
Mon, 09 May 2022 13:04:02 GMT
TEHRAN - Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Vajihollah Jafari said his organization, which is in charge of a program for reviving idle small mines across the country, has defined 30 investment packages for continuing the implementation of the program in the current Iranian calendar year (started on March

Ukraine: Metinvest spends UAH 1.2 billion on aid projects
Fri, 06 May 2022 09:44:10 GMT
Since February 24, the Metinvest Group has spent UAH 1.176 billion on projects of aid to Ukraine. The main task of the humanitarian initiative was the purchase and delivery of humanitarian cargo, in particular, food from Europe to Ukraine. In 2 months, almost 30 thousand people received this aid. Thanks to charitable contributions from

Ukraine: ArcelorMittal suspends investment projects at AMKR
Fri, 06 May 2022 09:43:04 GMT
ArcelorMittal has temporarily suspended all investment projects at ArcelorMittal Kriviy Rih, in particular, construction of the pelletizing factory with the capacity of 5 million tons per year. According to the company Q1 report, investment projects in Ukraine valued at $200 million are suspended. Funds intended for the AMKR will be redistributed to the renewable

Number of company news reports: 12
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