In September, Sharq Sohar Steel Rolling Mills (Oman) will start commercial production of square billet in a new 250,000tpy meltshop, equipped with a 36t EAF, a 30t ladle-furnace and a three-strand billet conticaster. The company started cold trials at the meltshop in ...

Ukrainian steelmaker Azovstal is gradually adjusting production of slabs at new continuous slab caster, launched in June this year. A source at the plant has said that in June the new machine produced some ...

Chinese government may cancel a 5% tax rebate on exports of alloyed steel products. Chinese government's attention paid to this issue has its grounds and is resulted from...

In 2013, Brazil's Vale plans to put into operation a 2.5mtpy steel plant located in Maraba, in the state of Para, Brazil. Initially, the company was ...

Jinxi Steel (Hebei province) announced on August 12 that it has acquired a 71% stake in Xinyi Iron & Steel, a 1mtpy producer of HR products located in the neighboring province Shanxi. A contract on ...

By the beginning of 2013, Cia Siderurgica Huachipato SA (Chile) is going to increase pig iron production from 1.2mtpy to 3.25mtpy, steelmaking capacity – from 1.45mtpy to ...

South Korean producer of long products of special steel grades, SeAH Besteel, plans to expand its steelmaking capacity from 2mtpy to ...

Suppliers of CIS long products fail to keep prices for longs and semis from falling. Quotations for square billet from Ukrainian, Russian and Kazakh producers have gone down by $40-120/t in a week, depending on destination. The price rise in the Caspian Sea ports is the highest one ...

The Emirates’ market for long products is experiencing a deep calm. Buyers, having large stocks of the materials, are not interested in purchases, and construction activities are low because of heat season which in September will give way to ...

In the Turkish domestic market, a rapid prices fall of long products continues, a new stage of which was initiated by Kardemir, who announced a ...

Chinese suppliers, having faced weak demand in export markets, continue lowering their quotations. In particular, Chinese rebar offered to foreign buyers has decreased in price by ...

Suspended construction projects in Syria, cheap material in stock market and price fall for import square billet, are the reasons behind a further weakening of demand for long products in the country. Traders are in ...

Market participants inform that Egyptian buyers of square billet keep putting pressure on CIS suppliers, trying to make them decrease quotations ...

Low prices for steel scrap and seasonal decline of market activity in Taiwan promote further downward correction of domestic quotations for long products. In general, prices have changed by about ...

Effective from September 22, Iran will impose a 1.5% VAT, which will replace the existing ...