Nippon Steel doubling sheet output at UAE affiliate
  Release time: 2016/10/10 10:46:00
Al Ghurair Iron&Steel, in which Nippon Steel holds a 20% stake, will start up a second galvanizing line at its Abu Dhabi plant by the end of October.This will lift annual capacity in high-grade, rust-resistant s...

Jindal Steel & Power Ltd Defaults on NCD interest dues
  Release time: 2016/10/09 14:04:00
Those non-convertible debentures(NCDs)had a coupon rate of 9.8% with about two-10 year maturities with banks, provident funds believed to be the investors.Axis Trustee Services was the trustee.The said non-payme...

Tata Steel’s UK arm sinks further into the red
  Release time: 2016/10/09 14:01:00
Britain’s biggest steelmaker was plunged into turmoil after it was put up for sale by its Indian owner in spring, sparking fears for the future of the legacy business.At one point the company, centred on the gi...

Liberty bid for two Tata Steel UK units worth nearly 100 mn pounds
  Release time: 2016/09/29 09:56:00
Britain's largest steelmaker paused the sale of its major UK assets in July to explore a joint venture with Germany's Thyssenkrupp, but proceeded with separate talks to sell its speciality and pipe businesses.An...

Vietnamese Fishermen Sue Taiwan Steel Firm Over Fish Deaths
  Release time: 2016/09/28 10:41:00
The factory, owned by the Formosa Plastics Group, acknowledged in June that it was responsible for the pollution that killed large numbers of fish off the central Vietnamese coast in April.The pollution created ...

Tata Steel to hold pension talks in UK
  Release time: 2016/09/27 10:15:00
According to'The Sunday Times', the main focus will be on breaking a deadlock over a 15 - billion-pound pension scheme the main obstacle to a rescue of its Port Talbot unit in Wales .

No Artificial Plan for Merger, Abolition of Shipbuilding, Steel and Pet...
  Release time: 2016/09/26 10:05:00
Although the date is subject to change, we will announce a plan to reinforce their industrial competitiveness around September 30.Said a high-ranking government official.“We focused on inducing facility reducti...

Baosteel, Wuhan Iron and Steel announce merger plan
  Release time: 2016/09/26 10:01:00
Prior to Baosteel's acquisition of Wuhan Steel, the Shanghai company had already acquired Xinjiang-based Bayi Steel and Guangdong-based Shaoguan Steel.While that was going on, Wuhan Steel was acquiring the small...

Tata Steel set for trade union talks in UK
  Release time: 2016/09/26 09:59:00
The company has reportedly called two days of pension talks to try to secure a merger of its European operations with those of ThyssenKrupp.The British Steel Pension Scheme is in huge deficit and Tata and Thysse...

Tata Steel in talks with ThyssenKrupp on European merger
  Release time: 2016/09/22 11:02:00
Sign up By signing up you confirm that you have read and agree to the terms and conditions, cookie policy and privacy policy.Mr Javid, who on Friday met Cyrus Mistry, global chairman of Tata, said:“We will cont...

Great Lakes steel production fell 14,000 tons
  Release time: 2016/09/22 10:58:00
Capacity utilization nationwide was only 69.8 percent last week, up by 0.3 percent but well below the 90 percent that many analysts say would be healthy for the steel industry.S.steel output ticked up slightly b...

U.S. Steel Canada receives $500-million lifeline
  Release time: 2016/09/22 10:54:00
Bedrock Industries LP has emerged from among several contenders as the Ontario government’s preferred candidate to complete the restructuring of U.Steel Canada, which is now into its third year.Steel Canada’s ...