Steel NEWS

Indian steel mills may hike prices in September - Reports
Date : 8/30/2010 2:20:30 PM Hit : 10

PTI reported that Indian steel companies may hike prices by about INR 1,000 a tonne within a few days on pick up in demand after the end of monsoon. The companies expect demand rising from sectors lik

Ukraine to raise annual coal production to 90 million tonnes by 2015
Date : 8/30/2010 2:19:23 PM Hit : 9

RIA Novosti citing Mr Viktor Yanukovych President of Ukraine as saying that the country plans to increase coal production to 90 million tons a year by 2015. He said that "The government has develop

Russia’s new cars sales show increase for fifth month in a row in July
Date : 8/30/2010 2:06:05 PM Hit : 11

According to Russia-based AEB Automobile Manufacturers Committee (AEB AMC), in the first seven months of 2010 Russia's sales of new cars and light commercial vehicles increased by nine percent year on

WorldVest comples acquisition of Chilean iron ore company
Date : 8/30/2010 2:05:05 PM Hit : 10

WorldVest, Inc., dba. Iron Mining Group (IMG) Friday announced that it has completed the acquisition of Chile Inversiones de Minerales Ltd. (CIM), a Chilean mineral investment and mining company. CIM

Iran’s Ahwaz Pipe and Rolling sees HRC output rise by 38 percent
Date : 8/30/2010 2:04:12 PM Hit : 11

Iranian steelmaker Ahwaz Pipe and Rolling Co. produced 174,967 mt of hot rolled coil in the first four months of the current Iranian year (started March 21), up 38 percent compared to 126,905 mt of ho

Turkey’s IDC increases profit by 2.5 times in H1 despite reduced output
Date : 8/30/2010 1:55:51 PM Hit : 6

Turkish rebar producer Izmir Demir Çelik Sanayi A.S. (IDC) has said that its consolidated profit for the second quarter of 2010 totaled TRY 6.78 million ($4.45 million), increasing by 22.23 percent qu

US-based Iron Mining Group completes acquisition of Chile-based miner
Date : 8/30/2010 1:55:05 PM Hit : 7

New York, US-based iron ore mining company WorldVest, Inc, which does business as Iron Mining Group, S.A (IMG), has announced that it has completed the acquisition of Chile-based iron ore miner Chile

ThyssenKrupp meltshop produces 150 millionth ton of steel
Date : 8/30/2010 1:54:35 PM Hit : 6

On August 25, German steelmaker ThyssenKrupp Steel Europe's BOF meltshop in Duisburg-Bruckhausen produced its 150 millionth metric ton of crude steel. According to a ThyssenKrupp statement, this

Voestalpine, Kardemir and TCDD start construction of new railway switch factory
Date : 8/28/2010 3:01:31 PM Hit : 9

On August 22, VADEMSAS, a joint venture company established by Austria-headquartered steelmaker Voestalpine, Turkish integrated long steel producer Karabuk Demir Celik Sanayi ve Ticaret A.S (Kardemir)

Turkey’s Asil Celik to open representative office in Germany
Date : 8/28/2010 3:00:50 PM Hit : 10

On August 25, newly appointed CEO of Turkish specialty steel producer Asil Celik San. ve Tic. A.S. (Asil Celik) Dr. Osman Kılavuz, former CEO of Turkish long steel producer Kardemir, told SteelOrbis t

Iran Alloy Steel’s finished steel output rises by 28 percent
Date : 8/28/2010 3:00:24 PM Hit : 10

Iranian steelmaker Iran Alloy Steel produced 87,360 mt of semi-finished steel (bloom) in the first four months of the current Iranian year (started March 21), which represents an increase of six perce

Emirates Steel secures $1.1 billion loan for ambitious expansion plan
Date : 8/28/2010 2:59:48 PM Hit : 9

The United Arab Emirates' state-owned steelmaker Emirates Steel Industries (ESI) has secured a seven-year $1.1 billion loan which will be used to expand its output capacity. The loan was acquired t

Home sales in Turkey rise 5.14 percent in Q2 over Q1
Date : 8/28/2010 2:59:10 PM Hit : 9

In the second quarter of this year, existing home sales in Turkey surged 5.14 percent as compared to the previous quarter and were down 53.65 percent year on year, according to the data provided by th

INSIG increases finished steel output by four percent
Date : 8/28/2010 2:58:41 PM Hit : 7

Iranian steelmaker Iran National Steel Industrial Group (INSIG) produced 400,177 mt of finished steel products (I-beam, rebar, pipe) and 89,013 mt of billet in the first four months (March 21-July 20)

Increase in Germany’s import iron ore prices drops to single digit in July
Date : 8/28/2010 2:54:44 PM Hit : 6

According to a report released by the German Federal Statistical Office (Destatis), in July this year the import price of iron ore increased by 65.4 percent year on year in Germany and was up 8.9 perc

Severstal’s scrap division reaches pre-crisis processing levels
Date : 8/28/2010 2:54:00 PM Hit : 6

The Russian steel producer Severstal has announced that its scrap processing division has reached its pre-crisis volume levels of raw material processing. In particular, in the first half of the c

Esfahan Steel’s semi-finished steel output up by 14 percent
Date : 8/28/2010 2:52:57 PM Hit : 5

Iranian steelmaker Esfahan Steel produced 773,263 mt of semi-finished steel (billet and bloom) in the first four months (March 21-July 20) of the current Iranian year, 14 percent higher compared to th

Russia’s Demidov launches cold rolled rebar production line
Date : 8/16/2010 3:22:21 PM Hit : 30

Russian industrial and metal trading company Demidov Group of Companies has announced that in late July this year it launched a new cold rolling mill EVG of RMV-12-2D S type for the production of cold

Turkey’s structural steel product export value regresses in July over June
Date : 8/16/2010 3:21:51 PM Hit : 27

In July, Turkey's structural steel product export value regressed as compared to June, while the year-on-year change rate remained positive. According to the data provided by the Istanbul Mineral

Turkey’s Celik Halat ve Tel Sanayii increases output by 76 percent in H1
Date : 8/16/2010 3:20:49 PM Hit : 23

In the first half of 2010, Turkish steel wire and rope producer Celik Halat ve Tel Sanayii A.S. produced 26,954 metric tons of steel products, 76.32 percent higher compared to the company's H1 2009 ou

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