Steel Times International News
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New Gimbal Controller at Corex in South Africa
Siemens Metals Technologies has received an order from ArcelorMittal South Africa – Saldanha Works, to modernise the controllers of the two Gimbal charging systems at its Corex plant there.
23 April 2013 -
Tangsteel takes 10% stake in Duferco
Tangshan Iron and Steel Group Co, or Tangsteel, has acquired a 10% stake in Swiss- based Duferco International Trade Holdings, the world’s largest steel trader. The move was jointly announced last Wednesday 10 April.
16 April 2013 -
Profits slashed for Chinese steelmakers in 2012
Almost all Chinese steelmakers floating A-shares on the stock exchanges suffered heavily from the economic slowdown as of 2011, and most reported substantially slashed profits or losses for 2012.
16 April 2013 -
Chinese Ministry steps up on overcapacity
The Ministry of Industry and Information Technology (MIIT) has published a list of 45 Chinese steel companies that meet national iron and steel industrial standards as its latest move to tackle excess production capacity that has plagued the sector.
16 April 2013 -
Maanshan Steel to invest in energy saving projects
Maanshan Iron and Steel Co says it would invest RMB 100M ($15.9bn) in energy saving projects this year despite operational losses.
16 April 2013 -
European steel welcomes EU decision to reject withholding CO2 certs
The European Parliament on 16 April rejected the European Commission’s proposal for backloading carbon trading certificates and directed it back to the Parliament’s Environment Committee for further discussion.
16 April 2013
