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.

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ArcelorMittal South Africa said on Friday the country's government had approved a new pricing model for flat steel products aimed at bolstering its steel sector. The steelmaker, a unit of ArcelorMittal was fined a record 1.5 billion rand ($114 million) in August for colluding to fix steel prices. The government…

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Shanghai rebar steel futures climbed more than 1 percent on Friday to trade near a two-month high, extending recent gains on expectations of tighter supply and a demand pick-up as China boosts infrastructure spending. The price of the construction steel product posted its best weekly gain in five, with the…

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Iranian steel imports have become the latest threat to European steelmakers, their trade group said on Thursday, after imports from Iran rose by nearly eight times between 2013 and 2016. Steel lobby group Eurofer said on Thursday that Iranian exports to Europe had leapt to just over 1 million tonnes…

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Tata SteelBSE 0.46 % today said it has unveiled a new high-tech robotic welding line at its Automotive Service Centre in Wednesfield, West Midlands - the largest in the UK that can weld more than a thousand car parts every hour. Tata Steel plays a key role in the UK…

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Nippon Steel & Sumitomo Metal, Japan's biggest steelmaker, expects steel prices in top consumer China to hold firm at least until its Communist Party congress late this year, amid solid demand that is underpinning coking coal and iron ore markets. Chinese futures contracts for steel reinforcing bars SRBcv1 used in…

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Iran aims to export 20 to 25 million tonnes of steel annually by 2025, it said in an official statement on Wednesday, up from a previous goal of 10 million tonnes. Tehran has sought to boost the steel sector as it targeted economic expansion following the 2015 deal to curb…

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Iron ore futures in China fell more than 1 percent on Wednesday after reaching a record high in a rapid rally spurred by rising steel prices that some market participants feel may have been overdone. Both commodities had started their rally shortly after China returned from the Lunar New Year…

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Steel prices are climbing up globally with a 3 per cent increase in rates over the last few days. While a perk up in Chinese demand from infrastructure and construction has been robust this year, industry watchers say the key point is that domestic steel prices which are faltering now,…

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China's iron ore futures rose for a sixth session in a row on Tuesday, hitting their highest in more than three years, amid firm steel demand in the world's top consumer and tighter supply driven by Beijing's campaign against smog. As futures rallied, spot iron ore prices have similarly surged,…

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Turnspire Capital Partners LLC ("Turnspire") announced that an affiliate has sold its ownership stake in Banker Steel Co. L.L.C. ("Banker Steel") to an affiliate of Atlas Holdings, LLC ("Atlas"), Turnspire's partner for the 2014 acquisition of Banker Steel.  Terms of the transaction were not disclosed. Ilya Koffman, Managing Partner of…