Steel Times International News
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Long-term support needed to spur technology innovation, says IET
Paul Davies, head of policy at the Institution of Engineering & Technology (IET) in the UK has praised the British Government’s Chancellor of the Exchequer, George Osborne, for announcing in his autumn statement measures to support innovation.
04 December 2014 -
Chinese steel imports confuse European buyers, claims EUROFER
EUROFER director-general Axel Eggert has stated that while steel made in Europe 'means reliability in trade, stability of properties during processing and safety in the use of the material', the same is not guaranteed where steel imported from China is concerned – especially wire rod, rebar and bar, hot-rolled coil and heavy plate.
02 December 2014 -
ArcelorMittal steel plant in Algeria to receive cash boost for expansion
ArcelorMittal's Annaba (East) steel plant in Algeria has concluded a deal with Banque extérieur d’Algérie (BEA) for two US$600 million credit lines. The money will be spent on increasing the plant's capacity.
01 December 2014 -
NLMK Group commences automation of its Lipetsk rail network
Russian steelmaker NLMK has completed stage one of an automation programme for its railway transport management and control system at Lipetsk.
01 December 2014 -
Salary cuts for Nippon top brass
Fires and four power failures at Nippon Steel & Sumitomo Metal Corp’s Nagoya Works in Japan – which are likely to result in an estimated 32 billion yen (US$271 million) loss for the steelmaker – are behind 20% pay cuts for some of the company’s senior management.
27 November 2014 -
ArcelorMittal boosts plant capacity following pipe contract extension
ArcelorMittal is to invest 15 million Euros on expanding production capacity at its Bourg-en-Bresse plant in Eastern France following an two-year extension of a five-year partnership agreement between the world's largest steelmaker and Technip, a project management, engineering and construction company serving the global energy industry.
27 November 2014
