NEWS

For our visitors who seek the latest industry news and updates to keep abreast with the goings-on of the business on a global scale, Steel-Technology portal grants a dynamic and diverse feed of news items serving the purpose of granting incisive information related to the Steel industry.

news

The Chinese investors have showed keen interest in the Pakistan's steel, energy, cement and other sectors for investment and joint ventures. A delegation of Chinese investors representing various companies including Zonergy Company Limited and Hebei Weilang Import and Export Group Co., Limited visited Islamabad Chamber of Commerce and Industry, said…

news

The current global steel price collapse, which joins oil in a formative worldwide “glut” is, unfortunately, signaling further deterioration of the gross domestic product recovery percentage, projected by the professional “stargazers” earlier in the year. While the current global oil glut traces its present surplus to the voluminous U.S. millions…

news

JSW Steel Ltd on Tuesday said it will seek shareholders’ approval to raise as much as $2 billion by selling non-convertible foreign currency denominated bonds to fund its long-term capital expenditure plans. In addition, the company will also seek approval from shareholders to raise up to Rs.4,000 crore by selling…

Wednesday, Jun 29, 2016
news

Mexican steelmaker Ahmsa launched a normalized steel plate plant, aimed at supplying the shipbuilding industry. The US$140mn plant will have capacity of 350,000t/y of steel in its initial phase, with processing mainly carried out in the Steckel mill, according to local news website Infonor. The capacity will be expanded to…

news

[THE INVESTOR] Hyundai Steel stock price target has been reduced to 62,000 won (US$52.41) from 67,000 won by Eugene Investment & Securities, citing the steelmaker’s limited earnings momentum in the second half of this year. “Hyundai Steel’s sales (excluding affiliates) for the second quarter are expected to grow 0.3 percent…

news

The U.K.’s decision to leave the European Union could cast doubts over Tata Steel Ltd. ’s efforts to sell its businesses in Britain, analysts said. The Mumbai-based company, whose British unit is one of Europe’s largest steelmakers by production capacity, said in April that it wanted to sell its U.K.…

news

Sheet steel price increases US mills announced this week served to set a floor, according to sources, who said Friday that buyers are still reluctant to place large orders. “We’re seeing it from our service center customers. They’re sensing the prices are going to fall. If they were giving you…

Tuesday, Jun 28, 2016
news

The United States imported 2.7 million net tons of steel in May, a 12.2 percent increase over the previous month. Imports of finished steel rose 1.8 percent to 2 million tons in May, according to the American Iron and Steel Institute. Despite that rise, steel products that were both made…

news

Essar Steel expects retail chain Hypermart to clock a billion dollars (about Rs 6,789 crore) in revenue this fiscal on the back of growing demand in the infrastructure and construction sector. The chain, run by Ruias-promoted steel maker, provides customised services to original equipment manufacturers, retailers as well as small…

news

China plans to cut steel production capacity this year by 45 million tonnes and lower coal output capacity by 280 million tonnes, the head of the country’s top economic planner said ­yesterday. The capacity cuts would involve relocating 700,000 workers in the coal sector and 180,000 workers in the steel…