Steel Times International News
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POSCO Energy cuts workforce
POSCO Energy is to cut its workforce by 40% to offset dwindling profits and a continuing fall in its LNG power plant operation rate.
13 May 2016 -
European Parliament rejects MES for China
The European Parliament's resolution on Market Economy Status (MES) for China has highlighted the institution's reservations on the subject, a position welcomed by EUROFER, the European Steel Association.
13 May 2016 -
MMK to merge with Severstal?
News agency Reuters has reported, but not verified, that the Russian steelmaker MMK, one of the country's largest steelmakers, is considering a merger with another large Russian steel producer, Severstal.
12 May 2016 -
NSSMC's US crankshaft subsidiary wins Honda award
International Crankshaft Inc (ICI),Nippon Steel & Sumitomo Metal Corporation's (NSSMC) crankshaft forging subsidiary in the USA, received a 2015 Excellence in Value award from American Honda Motor Company. The company received the award for its outstanding contribution to cost competitiveness late last month.
12 May 2016 -
Seven Tata UK bidders with the X Factor move on to 'judges' houses'
The deadline for securing a buyer for Tata Steel UK has been pushed back until after the UK’s referendum on Europe on 23 June.
10 May 2016 -
POSCO signs EUR1 billion MoU with Iran
South Korean steelmaker POSCO has signed a Memorandum of Understanding (MoU) with Iran worth EUR1 billion for the exchange of technical knowledge and expertise spanning a two-year period.
09 May 2016
