Steel Times International News
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Heavy artillery forces Ukrainian steel plants to close
Damage caused by heavy artillery has cut electricity transmission lines to the Ukrainian cities of Yenakiieve and Khartsyzsk, leading to the complete shutdown of production at Yenakiieve Steel, Enakievskiy Koksohimprom and Khartsyzsk Pipe. Avdiivka Coke is also cut off from electricity.
19 August 2014 -
Massive capacity expansion planned for SAIL
Steel Authority of India Ltd (SAIL) is planning to double its capacity to 50Mt/yr by 2025 in what is being described as its biggest expansion drive in the company's history.
18 August 2014 -
Baosteel freezes prices for second month in a row
Leading Chinese steelmaker Baosteel will be freezing prices on its main sheet steel products for orders to be delivered in August.
18 August 2014 -
China’s crude steel output rises – but smaller mills suffer declining daily production rates
China’s daily average crude steel output rose month-by-month during H1 2014, despite falling steel prices. During the first six months of the year, the daily average output stood at 2.2Mt. Total crude steel output for 2014 is estimated to be 828Mt.
15 August 2014 -
Chinese steel prices hit eight-year low
During the first half of 2014, Chinese steel prices fell to an eight-year low. However, the profits of Chinese steelmakers improved thanks to lower iron ore prices.
15 August 2014 -
Finnish steelmaker merges with Swedish SSAB
USA and Sweden-based steelmaker SSAB has announced that the Finnish company Rautaruukki – otherwise known as Ruukki – has become an SSAB subsidiary after the US/Swedish company gained control over 95.1% of the Finnish company's shares.
13 August 2014
