Steel industry news

ArcelorMittal confirms revised proposal for Essar Steel

Published: September 11, 2018 by Matthew Moggridge

Following media speculation, ArcelorMittal, the world's largest steel company, has confirmed that yesterday, 10 September 2018, it submitted a revised proposal to Essar Steel India Limited’s (ESIL) Committee of Creditors for the acquisition of the company. It has also confirmed that media…

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Latin America steel consumption keeps pace with previous year

Published: September 08, 2018 by Matthew Moggridge

Alacero, the Latin American Steel Association, reports that for the first six months of 2018, steel consumption remained roughly the same as it was during the same period in 2017. However, crude steel and finished production grew 3% and 5% respectively while imports were down 10%. That…

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Liberty begins multi-million pound rolling mill investment

Published: September 06, 2018 by Matthew Moggridge

Liberty Steel Newport, part of the global GFG Alliance, is playing a major role in reducing the UK’s reliance upon imported hot rolled coil, which is used extensively in the construction, automotive and pipe manufacturing.

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POSCO doubles investment spending

Published: September 04, 2018 by Matthew Moggridge

A report by the news agency Reuters claims that POSCO, a leading South Korean steelmaker, is planning to more than double investment spending over the next five years to 45 trillion won ($40.4 billion), in a bid to strengthen its competitiveness. 

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