Tag Archives: steelmakers
China is expected to issue its “Iron and Steel Industry Restructuring and Development Action Plan for 2015-2017” in the near future, as stated by Shanghai Securities News on June 15. Targets within the scope of the plan include the elimination of 80 million mt of outdated iron and steel capacity to ease oversupply, the reduction […]
After falling below the $60/mt threshold on March 5, last week the prices of 62 percent Fe content iron ore mostly trended sideways with slight declines and closed the week at $58/mt CFR China. Following the U.S. Energy Information Administration’s (EIA) announcement on March 18 of oil stocks being above the expected levels, crude oil […]
In early May, rumors started to swirl that Severstal NA was putting its North American operations up for sale. This included two key facilities: Severstal Dearborn, an integrated mill which underwent a $740 million modernization program in 2011. Those upgrades included a new, five-stand, six-high, 72″ tandem cold mill linked to a pickle line and […]
South America’s top steelmakers strategize for success. The South American steel industry is at a turning point. After surviving the worldwide economic downturn relatively unscathed, it has proven itself not only strong on the domestic front, but a growing powerhouse on the global stage.