Steel company news headlines. logo

Steel Business News

Tata Steel shares: Should you buy the metal stock after surprise ...
Wed, 08 Feb 2023 00:00:00 GMT
Tata Steel Ltd posted a net loss of 2,224 crore at the consolidated level in the December 2022 quarter, hurt by a sharp fall in global steel prices and lower demand amid fears of a likely economic slowdown. The steel production companys revenue from operations declined 6% to 57,083 crore for the period under review as as compared to 60,783 crore in the year-ago period. Recession concerns weighed on steel prices, which coupled with elevated energy costs affected our performance while

Indias Tata Steel reports Q3 loss as soft demand weighs
Wed, 08 Feb 2023 00:00:00 GMT
Indias Tata Steel on Monday reported a quarterly loss from a profit a year ago, hurt by a sharp fall in global steel prices and lower demand amid fears of a likely economic slowdown. The steelmakers consolidated loss was at 25.02 billion Indian rupees ($302.71 million) for the three months to Dec. 31, against a profit of 95.98 billion rupees a year earlier. Total revenue from operations fell 6.1% to 570.84 billion rupees. Recession concerns weighed on steel prices, which coupled with

Japans JFE Holdings cuts full-year steel output, profit estimates
Tue, 07 Feb 2023 00:00:00 GMT
Japans second-biggest steelmaker JFE Holdings Inc 5411.T lowered its forecasts for crude steel output and full-year profit on Monday, blaming slack overseas prices and weak demand at home. We have been facing a tough environment since last quarter with slow activity in Japan and delays in recovery in overseas markets, JFE Holdings Executive Vice President Masashi Terahata told a news conference. Given weaker demand, JFE slashed its crude steel output plans to 24 million tonnes for the

Liberty rejects Luxembourg mill public acquisition offer: reports
Tue, 07 Feb 2023 00:00:00 GMT
Liberty Steel has rejected an acquisition offer for its Dudelange galvanizing mill in Luxembourg from local public-law banking institution SNCI, which was negotiated by the economy ministry, Kallanish learns from local reports. The original plan of the ministry was for SNCI to acquire the mill and then find a new owner. The move is

Benteler to retain US steel tube plant, cancels sale to Tenaris
Tue, 07 Feb 2023 00:00:00 GMT
Benteler Group will not pursue the previously announced sale of its Shreveport, Louisiana, seamless steel tube plant to Tenaris, the company said Feb. 6, citing a renewed strengthening of demand in the oil and gas markets that the facility supplies. Following the successful ramp-up of the Benteler steel tube plant in Shreveport, the site

Benteler terminates the previously-announced sale to Tenaris ...
Sun, 05 Feb 2023 13:20:00 GMT
LUXEMBOURG , Feb. 05, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and EXM Italy: TEN) announced today that Benteler North America Corporation has exercised its right to unilaterally terminate, effective immediately, the previously-announced agreement for the sale to Tenaris of

Steelcon Group of Companies establishes U.S. headquarters
Fri, 03 Feb 2023 12:44:00 GMT
Steelcon Group of Companies, Brampton, Ont., has acquired Hammett Steel, a structural and miscellaneous steel fabricator based in Columbus,

A.G.T. Receives new AGT800 order from National Material Processing
Thu, 02 Feb 2023 00:00:00 GMT
Advanced Gauging Technologies has received a new purchase order from National Material Processing - Plant 1 located in Chicago, IL. The order is for an AGT 800 Laser Thickness Gauge that will be used to measure various steel alloys on a 72 Pro-Eco Pickling

Metinvest Supplies 100th Mobile Shelter to Ukrainian Defence ...
Wed, 01 Feb 2023 12:55:41 GMT
Since the early days of the full-scale war, Metinvest Group has been actively involved in Ukraines fight against the aggressor. One of the most important efforts has involved providing comprehensive aid to defenders as part of Rinat Akhmetov's Steel Front military initiative. In particular, Metinvest has delivered 100 special mobile shelters to the front line. Most of them protect defenders in sectors of the front line where the fiercest battles are taking place, including near

Statement by Metinvest Group
Wed, 01 Feb 2023 09:00:00 GMT
This is to inform that the Metinvest Group has been notified on the completion of the latest round of Smart Holding restructuring, which holds 23.76% in the parent company of the Metinvest

SSAB reignition of Raahe BF adds to January furnace restarts ...
Tue, 31 Jan 2023 00:00:00 GMT
Nordic steelmaker SSAB restarted the blast furnace at its facility at Raahe in central Finland early in 2023, the company said on January 27 and now expects the market to stabilize. The company confirmed the restart of the 1.25-million tpy Raahe BF earlier in January 2023 after 1.5 months of downtime. SSABstopped the BF

Ukraine: AMKR shuts down coke-oven batteries
Mon, 30 Jan 2023 09:36:32 GMT
On October 12, 2022, ArcelorMittal Kriviy Rih shut down coke-oven batteries Nos. 1 and 2. This will help decrease pollution by 2.5 thousand tons per year. In particular, emission of ammonia, hydrogen sulfide, benzene and phenol will be decreased. (Ukrainian

Number of company news reports: 12
Subscribers get access to full set of industry news releases (up to 20 reports).
Click here to subscribe.

Copyright © 2001 - 2023 All rights reserved.
Iron and steel company news headlines and business intelligence.