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IANS, citing sources, reported that JSW Steel is likely to pay INR 19,700 crore to acquire the bankrupt Bhushan Power and Steel Ltd by March 15.
National Company Law Appellate Tribunal has dismissed the insolvency plea filed by IFCI against ACCIL Hospitality, a corporate guarantor of debt-ridden steel products maker Asian Colour Coated Ispat.
PTI reported that Kolkata based SAI Group is planning to invest INR 1,000 crore over the next 3-5 years in West Bengal for its steel business.
Recently, Primetals Technologies received the Final Acceptance Certificate for the modernized rolling mill for long products at JSW Steel Ltd in Salem in India.
India’s Steel Minister Mr Dharmendra Pradhan visited Steel Authority of India Limited’s Bhilai Steel Plant. During the visit, the Minister started the heating process of BOF-3 which paved the way for...
At their steelplant in Völklingen, Germany, Saarstahl AG has successfully commissioned a new five-strand billet caster, supplied by SMS Concast, a member of SMS group.
China’s Shanghai Futures Exchange said that it hads successfully completed the first physical delivery of its stainless steel futures contract amid supply chain disruptions linked to a coronavirus outbreak in the...
Reuters reported that China’s Jiangsu Shagang Group and South Korea’s POSCO JV Zhangjiagang Pohang Stainless Steel Co Ltd has shut down production lines for one week from February 20 due to the coronavirus outbreak.
Metinvest's Central GOK is the first in Ukraine to equip the beneficiation area with KDF-90 ceramic filters. Installation of new vacuum filters is part of a large-scale project of the enterprise for the production of...
Gerdau ended the fourth quarter of 2019 with an adjusted EBITDA of BRL 1.1 billion, with a margin of 11.9%.
Russian steel giant Severstal is reconstructing shaft furnace No 1 in the electrical steel smelting and processing production facility at Cherepovets Steel Mill.
Japan's Kobe Steel Ltd has reported that its net profit attributable to the company for the nine months ended December 31, 2019 plunged 84 percent to JPY 7.22 billion from JPY 45.03 billion yen last year.
In 2019, Outokumpu’s sales decreased to EUR 6,403 million (EUR 6,872 million). Adjusted EBITDA decreased to EUR 263 million (EUR 485 million).
Germany’s largest union IG Metall’told Reuters that any new owner of Thyssenkrupp’s elevator unit not only has to provide guarantees against job cuts and plant closures, but also commit to staff involvement and...
Reuters reported that GFG Alliance will invest 1 billion euros in its Galati operations in Romania and 750 million euros at its Ostrava plant in the Czech Republic to modernise its emissions-heavy European steel plants...
Swedish SSAB’s subsidiary SSAB Chile announced the change of its Service Center for a new and larger structure in it commune of Quilicura in Santiago, to provide a better service with commercialized products of...
India’s largest stainless steel manufacturing company Jindal Stainless Limited has successfully completed level-2 process automation for its Argon Oxygen Decarburization converter at its Jajpur plant in Odisha.
The total economic effect from the implementation of projects to improve energy efficiency of production processes at Magnitogorsk Iron and Steel Works in 2019 amounted to around RUB 500 million.
Sims Metal Management Ltd has published financial results for the initial half of fiscal year 2020. Group CEO & Managing Director Mr Alistair Field said, "This period has been challenging for all recycling companies...
US Department of Commerce announced on February 10th affirmative preliminary circumvention rulings involving imports of certain corrosion-resistant steel products made with substrate from the People’s Republic of...
Stelco Holdings Inc announced financial results of the Company for the three months and full year ended December 31, 2019.
Ternium SA has announced its results for the fourth quarter and full year period ended December 31, 2019. Ternium's operating income in 2019 was USD 864.6 million,
GFG Alliance has completed the acquisition of Adhunik Metaliks Ltd and Zion Steel Ltd in a INR 4.25 billion (USD 60 million) cash deal. GFG Alliance will introduce its GREENSTEEL model to revive the steel plants,...
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