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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China's iron ore futures slid nearly 5 percent on Friday and were headed for a weekly loss after a rapid rally underpinned by expectations that strong infrastructure spending would spur steel demand in the world's top consumer. The fall pulled iron ore futures further away from a record high reached…

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The Iron Ore Company of Canada said on Thursday it will invest about C$79 million ($60.27 million) in its Wabush 3 project to help extend mine life, reduce costs and boost output. The new pit will be built alongside current mine operations in Labrador City, in the eastern Canadian province…

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ArcelorMittal Brasil S.A. and Votorantim S.A. on Thursday announced the signing of a definitive agreement, pursuant to which Votorantim’s long steel businesses in Brazil, Votorantim Siderurgia, will become a subsidiary of ArcelorMittal Brasil and Votorantim will hold a minority stake in ArcelorMittal Brasil. The combination of the businesses will result…

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Domestic steel production went up to 8.4 million tonne (mt) in January 2017, showing a 12% growth over January 2016 when the country had reported crude steel production of 7.5 mt. India’s growth trend spurred by protecionist measures taken by the government against threat of cheaper imports, was in fact…

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Something is not quite adding up in China's iron and steel markets, with the reasons for the current rally in prices for both commodities jarring uncomfortably with actual data. Iron ore futures on the Dalian Commodity Exchange on Tuesday hit the highest since the contract was launched in 2013, reaching…

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Brazil's Gerdau CEO André B. Gerdau Johannpeter says on conference call for Q4 results that perspective for 2017 remains challenging, but expects gradual recovery of steel demand during the year CEO Johannpeter expects Brazilian economic recovery from second quarter of this year, benefiting steel marketGerdau CFO Harley Lorentz Scardoelli says…

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India produced 8.4 million tonne steel in the month of January 2017 registering a growth of 12% as against the same period of last year, World Steel Association data show. With this, India was one of the top major steel producer in the world beating China who grew by 7.4%.…

Wednesday, Feb 22, 2017
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China’s crude steel production for January 2017 was 67.2 Mt, an increase of 7.4% compared to January 2016, an apparently high percentage figure explained by the fact that January 2016 saw a marked dip in Chinese steel production. Japan produced 9 Mt of crude steel in January 2017, an increase…

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Company reached agreement with Ternium on sale of CSA steel plant in Brazil for eur 1.5 billion.With closing of deal co will receive a clear cash inflow which will significantly reduce the group's net financial debt.Sale will have corresponding effects on the group's net income Does not expect deal to…

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Tokyo Steel Manufacturing Co Ltd , Japan's top electric-arc furnace steelmaker, will keep product prices unchanged for March delivery to make sure the steel market can digest the recent price hikes by the company. Tokyo Steel, which makes beams and bars used in the construction industry, last month raised product…