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Thyssenkrupp banks on steel production recovery
Fri, 14 Aug 2020 00:00:00 GMT
Thyssenkrupp Steel Europe plans to improve its capacity utilisation going forward, following painful losses in its third fiscal quarter through June. During the earnings call of parent thyssenkrupp AG, chief financial officer Klaus Keysberg said the steel plants saw production dip -38% at the beginning of the Covid-19 lockdown. Utilisation has meanwhile...
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Thyssenkrupp AG Earnings beat, Revenue misses In Q3
Fri, 14 Aug 2020 00:00:00 GMT - Thyssenkrupp AG (DE:TKAG) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Thyssenkrupp...
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Red Bud Industries receives order from JM Steel
Fri, 14 Aug 2020 00:00:00 GMT
Red Bud Industries recently received an order for a Heavy Gage Slitting Line from JM Steel, a steel service center. The new line will be installed at JM Steels new facility...
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Samuel Roll Form Group to expand Mississippi facility
Thu, 13 Aug 2020 14:30:00 GMT
Samuel Roll Form Group, a provider of heavy roll-formed steel products, is adding 67,000 sq. ft. to its 125,000-sq.-ft. facility in Iuka, Miss. This $6.9 million expansion of operations is expected to create 30 jobs. The new process bay will accommodate additional rolling...
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AddiFab's AFU5 3D printer designed for making injection ...
Thu, 13 Aug 2020 12:30:00 GMT
The AFU5 printer unit from AddiFab is built to deliver low-volume 3D-printed injection mold tools quickly. It integrates seamlessly with other equipment from the manufacturer and is compatible with all the manufacturers printed tool resins, as well as those from...
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Regional News

Middle East News

SEAISI Press Release
Wed, 15 Jul 2020 00:00:00 GMT
Court rules against Trump's doubling of tariffs on Turkish steel

Iran moving away from exporting raw minerals to create more value ...
Fri, 26 Jun 2020 03:22:00 GMT
Deputy Iranian Industry, Mining, and Trade Minister Darioush Esmaieli says over 90 million tons of iron ore was produced in the country during the previous Iranian calendar year of which only seven

AL Ezz Dekheila Steel calls shareholders to review 2019's financial ...
Mon, 22 Jun 2020 07:57:00 GMT
ArabFinance: AL Ezz Dekheila Steel - Alexandria (EZDK) (IRAX) called for an ordinary general meeting, on July 14th, to review the financial results and commutative contracts for 2019, according to the

Africa News

JSW Steel plans to increase capacity of crude steel to 27 million ...
Mon, 27 Jul 2020 00:00:00 GMT
JSW Steel will focus on normalising operations and reducing costs this year so that its earnings before interest, tax, depreciation and amortisation (Ebitda) will

Covid-19 delays ZimCoke-Zisco deal
Tue, 07 Jul 2020 15:47:00 GMT
Michael Magoronga, Midlands Correspondent THE disruptive Covid-19 pandemic has resulted in the prolonged delays in finalising the deal between ZimCoke and the now defunct steel giant, Zisco. The

Mugano resigns from Zisco board
Mon, 29 Jun 2020 17:53:00 GMT
Business Reporters GOVERNMENT will in due course announce a new board chair for Zisco following the resignation of Professor Gift Mugano who was transitional acting board chairperson for the defunct

Europe News

Unions oppose Tata Steel plan to shut 2 blast furnaces in United ...
Thu, 23 Jul 2020 00:00:00 GMT
A spokesperson for Tata Steel Europe told ET the company is in active discussion with the UK government on several options for the future of Port Talbot operations. This includes potential cooperation and participation from the government to create a sustainable, decarbonised footprint for the

Stainless steel production decreases by 8.0% to 11.7 million ...
Thu, 02 Jul 2020 00:00:00 GMT
Brussels 02 July 2020 The International Stainless Steel Forum (ISSF) has released figures for the first three months of 2020 showing that stainless

Strikes continue to affect Tata Steel IJmuiden
Wed, 24 Jun 2020 00:00:00 GMT
A new series of strikes has hit production at the integrated site of Tata Steel Europe in IJmuiden,Kallanishlearns from sources. According to local unions in the Netherlands, strikes have continued for a second consecutive week, intermittently affecting a number of units at the mill. Last week, crude steel production was again affected by demonstrations.

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