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Sputnik reported that scientists from Tomsk Polytechnic University have improved the alloying process, allowing not only the wear-resistance of materials to be increased, but also giving them some qualitatively new...

Posted By : Ratan Singh 22 hours 1 minute ago
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Chinese state owned Baowu Steel Group inked an agreement with Magang (Group) Holding Co Ltd to secure a 51% stake in the latter. Mr Chen Derong, chairman of Baowu said the partnership was a continuation of the long-term...

Posted By : Ratan Singh 22 hours 3 minutes ago
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JSW Steel Ltd informed BSE that it has repaid debt of INR 1,148.59 crore to take a release of 5.07 crore of its pledged shares, representing about 2.09% of its share capital. The debt was repaid by three promoter...

Posted By : Ratan Singh 22 hours 4 minutes ago
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For the first time in over 50 years of cooperation, Primetals Technologies and Tata Steel Europe have commissioned a Level 2 system for a continuous caster completely online. In mid-July 2019, the newsystem from...

Posted By : Ratan Singh 22 hours 5 minutes ago
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WA reported that Australia’s largest steel company BlueScope in 2013 elevated Mr Jason Ellis, the son of former BHP chairman Mr Jerry Ellishim from a regional divisional manager in Thailand to one of the most senior...

Posted By : Ratan Singh 22 hours 7 minutes ago
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TASR reported that labour unionists delivered a petition signed by employees of US Steel Kosice to Prime Minister Peter Pellegrini urging the Government to take action to help save steel industry jobs in both Slovakia...

Posted By : Ratan Singh 22 hours 8 minutes ago
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The trend toward connected, self-driving, shared and electric vehicles is quickly moving from concepts to commercial viability. Self-driving vehicles will introduce a new kind of freedom both for the driver and its...

Posted By : Ratan Singh 22 hours 10 minutes ago
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VNA reported that escalating trade tensions and rising protectionism have caused a formidable pressure on Vietnamese steel sector. The Vietnam Steel Association has said local steel producers faced difficulties in the...

Posted By : Ratan Singh 22 hours 12 minutes ago
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Mr Paolo Rocca, Tenaris Chairman & CEO, participated in the first Saudi Iron & Steel Conference in Riyadh.

Posted By : Rabi Wangkhem 21 hours 50 minutes ago
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Toyota Tsusho America and Modumetal have announced an agreement of a non-binding MoU for the establishment of a joint venture to deploy Modumetal’s patented nanolaminated alloy product NanoGalv, which can be used for...

Posted By : Rabi Wangkhem 21 hours 53 minutes ago
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SSAB, LKAB and Vattenfall, the owners behind the HYBRIT initiative, will participate in the Climate Week NYC and UN Climate Action Summit in New York.

Posted By : Rabi Wangkhem 21 hours 55 minutes ago
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WDBJ7 reported that Banker Steel Company announced the completion of the structural steel for the One Vanderbilt project in New York. The steel used in One Vanderbilt was fabricated in the Virginia and New Jersey plants...

Posted By : Rabi Wangkhem 21 hours 57 minutes ago
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O’Neal Industries Inc recently announced the acquisition of the assets of G&L Manufacturing, headquartered in Cookeville, Tennessee with a second facility in Denver, Colorado.

Posted By : Rabi Wangkhem 22 hours ago
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Lebedinsky GOK part of Metalloinvest has passed a recertification audit of its occupational health and safety management system in line with the new ISO 45001:2018 standard.

Posted By : Rabi Wangkhem 22 hours 3 minutes ago
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Leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel Metalloinvest announced the opening of a new credit line for pre-export financing with a club of...

Posted By : Rabi Wangkhem 22 hours 5 minutes ago
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Severstal’s Cherepovets Steel Mill has implemented an environmental investment project aimed at improving the quality of wastewater worth about 15 million rubles.

Posted By : Rabi Wangkhem 22 hours 8 minutes ago
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Economic Times reported that Indian steel industry captains have called on the government to exercise caution while finalizing the multilateral trade agreement India’s Regional Comprehensive Economic Partnership. Mr...

Posted By : Ratan Singh 1 day 22 hours 10 minutes ago
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Ratings agency ICRA said that the domestic steel consumption growth is expected to decelerate to around 5%-6% in FY2020 as compared to 7.9% in FY2019, on the back of an unprecedented slowdown in economic activity, as...

Posted By : Ratan Singh 1 day 22 hours 11 minutes ago
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The Hindu Business Line reported that JSW Steel has cut its capital expenditure plans in the US by 60% to USD 400 million due to weak demand and a slowing economy. Mr Seshagiri Rao, Joint Managing Director, JSW Steel,...

Posted By : Ratan Singh 1 day 22 hours 12 minutes ago
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POSCO announced that it will actively target the super alloy stainless steel market to make sulfur scrubbers ahead of next year, when tighter sulfur oxide emissions guidelines on ships come into effect. Through...

Posted By : Ratan Singh 1 day 22 hours 14 minutes ago
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United States Steel Corporation has provided third quarter 2019 guidance. It said “We expect third quarter 2019 adjusted EBITDA to be approximately USD 115 million, which excludes approximately USD 53 million of...

Posted By : Ratan Singh 1 day 22 hours 15 minutes ago
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Texas US based steel manufacturing, processing, and distribution company Friedman Industries Incorporated announced today the appointment of Mr Michael J Taylor as President and Chief Executive Officer of the Company,...

Posted By : Ratan Singh 1 day 22 hours 16 minutes ago
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Emirates Steel CEO Mr Saeed Ghumran Al Remeithi said that GCC steel producers should shift their focus towards the manufacturing industry as the manufacturing base will continue to grow in the coming years.

Posted By : Rabi Wangkhem 1 day 22 hours 9 minutes ago
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PJSC Severstal has embarked on an active phase of work under the Step up program of the World Steel Association, which aims to reduce its impact on the environment and climate. This project will allow the Cherepovets...

Posted By : Ratan Singh 1 day 22 hours 18 minutes ago
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Steel Dynamics Inc has provided third quarter 2019 earnings guidance in the range of USD 0.66 to USD 0.70 per diluted share.

Posted By : Rabi Wangkhem 1 day 22 hours 11 minutes ago
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USDValueDoDWoWMoMQoQYoY
USD1.0000.0000.0000.0000.0000.000
AUD1.471-0.0020.017-0.0080.0320.094
BRL4.1680.0570.0870.1830.3120.036
CAD1.327-0.0030.0120.002-0.0020.035
CNY7.087-0.016-0.0240.0230.1720.238
EUR0.904-0.0020.0000.0110.0220.049
GBP0.796-0.001-0.013-0.0320.0100.036
INR70.837-0.418-0.904-0.2621.417-1.248
JPY107.867-0.0220.0882.415-0.608-4.288
RUB64.030-0.337-1.346-1.415-0.522-2.740
ZAR14.7660.0420.146-0.4970.1020.109
DoD - Previous Day, WoW - Last Day, MoM - Last 30 Days As on Sep 20 2019
Source : xe.com