Steel Times International News
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Posco gains Orissa plant approval
India's environment ministry gave a conditional green light for Posco’s $12bn steel mill, a government statement said.
31 January 2011 -
SDI 2010 sales at $6.3bn and $141M net profit
US minimill Steel Dynamics, Inc (SDI) announced a net income of $141M for the full year 2010 on net sales of $6.3bn across its five divisions. This compares with a 2009 net loss of $8M, on net sales of $4.0bn.Q4 net income of $8M on net sales of $1.0bn was down on Q4 2009 when net income was $27M, on net sales of $1.2bn. For Q3 2010, net income was $19M, on net sales of $1.6bn.28 January 2011 -
China steel mills to contribute 60% of output
China's top 10 steel mills will be able to contribute 60% of the country's total steel output according to the country’s 12th Five-Year Plan.
27 January 2011 -
Indonesia's Krakatau eyes coking coal supply deals
Indonesia’s Krakatau is in talks with Borneo Lumbung Energi and Marunda Graha Mineral to help feed coking coal demand that it sees at 2.65Mt/y by 2014.
26 January 2011 -
World crude steel output increases 15% in 2010
World crude steel production reached 1414 million metric tonnes (Mt) for the year 2010, according to the World Steel Association which represents 170 steel producers account for 85% of world steel output. This is an increase of 15% compared to 2009 and is a new record for global crude steel production.21 January 2011 -
Gerdau's Consteel revamp
Gerdau Ameristeel contracted Tenova Core to provide a revamp of its Consteel system at the Charlotte, North Carolina plant.
21 January 2011
