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Vedanta bags bankrupt Electrosteel Steels

The approval should be through quickly in the next two to three weeks. Tata Steel and Renaissance Steel were the two other bidders for Electrosteel.
IPATINGA, Brazil Reuters - Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA reactivated a blast furnace on Tuesday and announced plans to raise domestic steel prices in June, but executives warned that new investment would depend upon ...
Nevertheless, Usiminas remains with Brazil's largest flat steel nominal capacity of 9.5 million mt/y. The production of vehicles in Brazil closed 2017 with a 25.2% increase on year, according to the national automakers association Anfavea. In total ...

Worldsteel Short Range Outlook April 2018

Short Range Outlook (SRO). worldsteel forecasts global steel demand will reach 1,616.1 Mt in 2018, an increase of 1.8% over 2017. In 2019, it is forecast that global steel demand will grow by 0.7% to reach 1,626.7 Mt.
Fresh fruits, dried fruits and nut products, wine, ethanol, ginseng, and seamless steel pipes are subject to an additional ... Additionally, parent company WH Group controls Henan Shuanghui Investment & Development Co. Ltd., Chinas largest pork processor.
The Iron Quadrangle The Iron Quadrangle has been an area of mineral ... expected sales, production statistics, ore grades, tonnes milled, recovery rates, cash operating costs, definition/delineation drilling, the timing and amount of estimated future ...
Increase of steel output indicates production restrictions may be weaker than expected, said Lu. Tangshan has ordered steel mills to cut 50 percent of sintering capacity over and above the existing output restrictions in place until November as a ...
ArabFinance: EL Ezz Aldekhela Steel - Alexandria (IRAX)declared in a statement sent to EGX, the ordinary general assembly was convened on April 16. The OGM approved the financial results for the fiscal period ending December 2017, as well as the profit ...

Chinese iron ore off 10-mth low on March output data

Increase of steel output indicates production restrictions may be weaker than expected, said Richard Lu, analyst at CRU consultancy in Beijing. Tangshan has ordered steel mills to cut 50 percent of sintering capacity over and above the existing ...
South Korea shipped 3.6 million tons of steel products to the U.S. last year, making it the No. 3 steel exporter after Canada and Brazil, according to the U.S. Department of Commerce. Kim was leading a delegation made up of executives from two dozen South ...
Trump has already granted sweeping waivers from the tariffs by exempting Canada, Mexico, South Korea, Argentina, Australia, Brazil and countries in the European Union. Those nations account for 63 percent of U.S. steel imports, said Chad Bown of the ...
A mill source in Fujian province said that he had received verbal confirmation late Friday evening from customs officials, but was unable to get any specific details on the restrictions. With Xiamen port coming under restrictions, the steel mill source ...
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