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Steel Authority of India Limited declared the results for the Second Quarter of the current Financial Year. The Company posted a net loss of INR 342.84 Crore in Q2 FY’20.
SSAB plans to be the first company in the world to get fossil-free steel onto the market. The plan for transitioning to iron-ore based fossil-free steel production was presented to more than 400 customers and key...
European steel lobby EUROFER plans to raise concerns over Chinese group Jingye's proposed purchase of British Steel with the European Commission, saying the deal may flout rules on fair competition.
ANSA reported that Foreign Minister Mr Luigi Di Maio said the government will oppose the suit filed by ArcelorMittal to get out of their contract to take over the former ILVA steel works, including its Taranto plant,...
Business Standard reported that JSW Steel, looking to acquire bankrupt Bhushan Power and Steel Ltd, might have a longish wait. .
Allegheny Technologies Incorporated announced that it signed another 1 year agreement to extend and expand carbon steel hot-rolling conversion services for NLMK USA at its world-class Hot-Rolling and Processing Facility...
In an environment characterized by great political uncertainty, compounded by multiple trade conflicts and economic headwind, the Salzgitter Group generated a pre-tax profit of EUR 40.7 million in the first nine months...
Leading US metals service center Flack Global Metals announced that it is moving forward with plans to build and operate a coil coating and downstream processing facility adjacent to Big River Steel's Flex Mill located...
Insider Media reported that a historic West Yorkshire steel business which employs more than 80 staff has been acquired by private equity firm Breal Capital.
Commenting on the announcement that Chinese firm Jingye Steel has entered into a sales contract to purchase British Steel, Mr Gareth Stace, UK Steel Director General, said that “This announcement is positive news for...
Tata Steel is bringing together its mining activities under a single vertical to be called Tata Steel Mining. The vertical will include Tata Steel Alloys, the steelmaker's wholly-owned subsidiary that recently bagged...
United States Steel Corporation took another step in the execution of its strategy to become the best of both in the steel industry with the announcement of its plans to reduce greenhouse gas emissions intensity across...
KIOCL Ltd recorded a profit after tax of INR 4.07 crore in the second quarter of 2019-20 as against a profit of INR 49.52 crore in the corresponding period of previous fiscal.
Net profit of Sunflag Iron & Steel Company declined 42.24% to INR 20.88 crore in the quarter ended September 2019 as against INR 36.15 crore during the previous quarter ended September 2018.
thyssenkrupp Materials Poland has further expanded its regional warehouse in the north of the country. The new facility in Nowe Mazy, which recently went into operation, is already the second stage of expansion with...
Metalloinvest and TMK have signed agreements for the supply of HBI and rolled steel strips. In 2020, Metalloinvest will supply TMK with around 240,000 tonnes of HBI produced by Lebedinsky GOK.
Yamato Steel Co Ltd of Japan has ordered a PROgauge light-section system from TBK Automatisierung und Messtechnik GmbH, Graz, Austria, a company of SMS group, for its Kokyo section mill.
The sheet rolling shop for the production of tube steel at the Cherepovets Steel Mill together with Severstal Digital implemented a solution based on machine learning models that automatically adjusts the speed of slab...
Taipei Times reported that China Steel Corp gave a cautiously optimistic outlook for its business next year, citing growth from infrastructure demand in Southeast Asia and offshore wind farm development in Taiwan.
The American Iron and Steel Institute reported that for the month of September 2019, US steel mills shipped 7,767,310 net tons, a 8.3% decrease from the 8,472,088 net tons shipped in the previous month, August 2019, and...
Desktop Metal has announced the latest addition to its 3D printing materials portfolio, 4140 chromoly steel. Designed for low volume production and prototyping on its office friendly Studio System,
Array Technologies and Big River Steel have announced a long-term relationship between the two companies in which BRS will serve as a consistent provider of high-quality steel products used in Array’s industry-leading...
thyssenkrupp has launched a series of tests into the use of hydrogen in a working blast furnace. They are the first tests of their kind and are aimed at reducing significantly the CO2 emissions arising during...
The Australian Anti dumping Commission issued notice 2019 / 126, the Australian Minister of Industry, Science and adopted the Australian Anti-dumping Commission on imports from Japan,
Fin24 reported that Western Cape government said it was devastated by the news that Arcelor Mittal SA’s steel works plant in Saldanha will be shut down, and that the decision will be a blow to the regional economy.
| USD | Value | DoD | WoW | MoM | QoQ | YoY |
|---|---|---|---|---|---|---|
| USD | 1.000 | 0.000 | 0.000 | 0.000 | 0.000 | 0.000 |
| AUD | 1.472 | 0.002 | 0.022 | -0.014 | -0.004 | 0.087 |
| BRL | 4.196 | 0.026 | 0.202 | 0.110 | 0.227 | 0.410 |
| CAD | 1.323 | -0.003 | 0.006 | -0.010 | -0.005 | -0.002 |
| CNY | 7.018 | -0.001 | 0.011 | -0.126 | -0.027 | 0.068 |
| EUR | 0.907 | -0.002 | 0.005 | -0.006 | 0.015 | 0.023 |
| GBP | 0.777 | -0.001 | 0.000 | -0.043 | -0.045 | 0.006 |
| INR | 71.748 | -0.347 | 0.788 | 0.511 | 0.867 | -0.484 |
| JPY | 108.588 | -0.155 | -0.383 | 1.510 | 2.531 | -5.321 |
| RUB | 63.933 | -0.338 | 0.334 | -1.339 | -1.262 | -3.157 |
| ZAR | 14.795 | -0.144 | 0.004 | -0.479 | -0.176 | 0.463 |
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