ArcelorMittal bags Essar Steel as NCLT Ahmedabad clears Rs 42,000 cr takeover bid
08 Mar 2019
The National Company Law Tribunal (NCLT) today cleared ArcelorMittal's Rs 42,000 crore resolution plan for the takeover of Essar Steel. ArcelorMittal, which has been engaged in a drawn-out attempt to acquire Essar Steel since 2017, had made a Rs 42,000 crore offer for the bankrupt Essar steel.
A Fossil Free Steel Industry - Lulea Sweden
21 Feb 2019
A progress report on the SSAB / LKAB / Vatenfall hydrogen steelmaking initiative.
Price premiums boosting quality-focused Kumba Iron Ore
19 Feb 2019
South Africa's Kumba Iron Ore, which stands head and shoulders above its peers when it comes to iron-ore quality, is achieving major price premiums well above historical heights.
Iron ore market braces for higher prices
10 Feb 2019
In metals, a few market players are bracing for iron ore prices to touch 100 dollars per dry metric tonne in the near term.
Ross Strachan of Capital Economics on shortfall of supplies in iron ore
08 Feb 2019
Ross Strachan, Senior commodities economist at Capital Economics talks about all the happenings of the week including the iron ore dam crisis in Brazil
Bulls, Bears & Brokers: Dawes discusses iron ore & steel, opportunities in S. Australia
05 Feb 2019
Barry Dawes, geologist and founder & executive chairman of Martin Place Securities, speaks to Proactive Investors about iron ore, comparing magnetite and haematite, and discussing global steel markets. He sees much opportunity in South Australia, contrasting it with Western Australia's Pilbara region.
Tata Steel arm inks pact with China firm to divest stake in Southeast Asia business
28 Jan 2019
Tata Steel Monday said that its step-down subsidiary, TS Global Holdings Pte Ltd (TSGH), has signed definitive agreements with the Beijing-based HBIS Group to divest a majority stake in its Southeast Asia business.
"TSGH has executed definitive agreements with HBIS Group Co Ltd controlled entity to divest its entire equity stake in NatSteel Holdings Pte Ltd ('NSH') and Tata Steel (Thailand) Public Company Ltd ('TSTH')" the steel maker said in a regulatory filing.
As per the agreements, the divestment will be made to a company in which 70 per cent equity shares will be held by an entity controlled by HBIS and 30 per cent by TSGH.
Hundreds still missing after Brazil dam collapses in Brumadinho
26 Jan 2019
At least 40 people have died from a dam collapse in south-east Brazil and the death toll is expected to rise, authorities say.
Officials from the Minas Gerais fire department say 23 people have been hospitalised and around 300 are missing after the disaster in the city of Brumadinho.
President Jair Bolsonaro, who headed to the scene on Saturday, described the collapse as a tragedy.
JSW Group's Expansion Plans
22 Jan 2019
Sajjan Jindal at the World Economic Forum in Davos discusses JSW group plans to expand capacity to 40 million tonnes organically by 2025. Jindal seeks safeguard duties on steel imported from countries with free trade agreements.
Canadian steel giant to receive $150M as U.S. tariff anxiety grows
10 Jan 2019
Some relief is coming for the Canadian steel industry as the country's second biggest steel maker will receive $150 million in federal and provincial funding in the form of grants and loans.
The announcement comes as Ontario-based Algoma Steel emerges from three years of bankruptcy protection and is facing American tariffs that seem to have no end in sight.
Nippon Steel & Sumitomo Metal Corporation asset seizure approved
08 Jan 2019
A group of South Korean plaintiffs are pushing to seize the Korea-based assets of a Japanese steelmaker over Tokyo's policy of forcing Koreans to labor for little to no pay during its colonial rule of the Korean Peninsula.
In the latest developments, a court has approved seizure of Nippon Steel & Sumitomo Metal Corporation's assets.
Impact of Donald Trump's steel tariffs on UK exports
31 Dec 2018
British steel exports to the US have plummeted by 20% since Donald Trump slapped tariffs on metals arriving in America.
Wood Mackenzie: Iron Ore Demand Rising & Effect Of US Tariffs
22 Dec 2018
Pricing spreads in the iron ore space and the value of high iron grade ore.
Commodities Outlook 2019: Why Scotiabank is bullish on most metals
18 Dec 2018
Scotiabank's Rory Johnston speaks with Financial Post's Larysa Harapyn about the metals outlook for 2019.
Tata Steel-Thyssenkrupp JV may face union hurdle
18 Dec 2018
A discussion about the joint venture between Tata Steel and Thyssenkrupp, including the leadership crisis at the German conglomerate and more...
Why Trump's tariffs should be lifted before approving the new NAFTA deal
11 Dec 2018
David McIntosh discusses the new NAFTA deal and the problems with President Trump's steel and aluminum tariffs.
Trump's steel, aluminum tariffs are distorting how we view USMCA
15 Nov 2018
Global Automakers CEO John Bozzella discusses why he is concerned about President Trump's steel and aluminum tariffs and the potential U.S. national security tariffs on automotive imports.
US Steel And Steelworkers Union Reach Tentative Labor Contract
16 Oct 2018
According to Reuters, steel workers struck a new contract with U.S. Steel Corp. The Pittsburgh-based steelmaker is in contract negotiations with the United Steelworkers union, which represents 16,000 workers in the US. If both sides agree to the new contract, it will mark the biggest pay increase for steel workers in six years. The terms of the new contract will increase wages by 14-percent over four years.
The down side of Trump's steel tariffs
14 Aug 2018
Adam Shapiro from Fox Business News on how Trump's tariffs on steel and aluminum are impacting U.S. companies.
British Steel - £50 million wire rod mill investment
18 Jul 2018
Overview of British Steel's £50 million planned investment in its wire rod business, including technical specifications and product range impact of the proposed modernisation.