NEWS

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The Nigerian Government has inaugurated N60 billion (about $380m) integrated steel mill in Shagamu in Ogun State in south-western Nigeria as part of the Nigerian Industrial Revolution Plan. Speaking at the inauguration ceremony, Nigeria’s Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, said that the government was committed to…

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The Federal Government on Thursday commissioned a N60 billion integrated steel mill in Shagamu, Ogun State as part of productive activities thrown up by the sectorial implementation of the Nigerian Industrial Revolution Plan. Olusegun Aganga, the minister of industry, trade and investment, who commissioned the mill, built by the Standard…

Friday, Jan 30, 2015
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China’s demand for steel likely flatlined or even contracted last year, the first time in 14 years the measure hasn’t expanded for the world’s largest steel user. Officials with the state-backed China Iron and Steel Association said Thursday that apparent steel consumption, a measure of demand calculated by deducting exports…

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JSW has taken umbrage with the pricing methodology adopted by National Mineral Development Corporation (NMDC) as the public sector entity has held its ground on iron ore prices, which pinches the Sajjan Jindal-led company that greatly relies on miners for the key raw material. JSW Steel claims that NMDCBSE 0.82…

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Nippon Steel & Sumitomo Metal Corporation posted a loss on business of subsidiaries and affiliates as a special loss in its consolidated financial statements for the first three quarters of fiscal 2014 (April 1st 2014 to December 31st 2014). Reason for the loss: The Company’s affiliated company accounted for by…

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Tata Steel expects to start the operation of its ferrochrome plant coming up at Gopalpur by June 2015 with a capacity of 50,000 tonne per annum in the first phase. "In the first phase, the 50,000 tonne per annum ferrochrome plant will start operation by June-July and the work on…

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BelTA reported that in 2014 the Belarusian Steel Works exported over 2 million tonnes of metal products, up 5.6% in money terms. The supplies to Germany and the USA went up from 7.4% to 11.7% and from 5.6% to 7.1% correspondingly, which places them among top five customers of the…

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Nippon Steel & Sumitomo Metal Corp said on Thursday it took a 68.6 billion yen ($583 million) charge in the April-December period as a slump in oil prices was hurting profits at its pipe affiliate in Brazil. Japan's biggest steelmaker, which also supplies steel pipes to oil and gas companies…

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Tata Steel will soon start operation of its Sukinda chromite mine in Jajpur district following the third renewal of the mining lease by the state government recently. "Now all our mines are operating. In the next few days hopefully, we will start the operation (of chrome mine). The state government…

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A steel company with local roots and an international reach is expanding, adding 108 jobs and investing $18 million in a new facility on Port Tampa Bay property. Tampa Tank Inc. and Florida Structural Steel plans to construct a 120,000 square-foot building at Port Redwing and retrofit an existing 40,000…