Steel Times International News
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World steel November production increases
World crude steel production was 24.2% higher in November 2009 than in November 2008.
11 January 2010 -
Taiwan group buys iron ore stake
Taiwan’s largest steelmaker China Steel Corp is to buy two 0.5% stakes in an iron ore group.
11 January 2010 -
SMS predicts fall in orders
The order intake for the SMS group in 2009 is expected to drop to less than half of 2008’s result (2008: €5.15bn).
11 January 2010 -
Cargill to buy cold-reduction lines
Cargill is to buy fellow Robinson Steel’s cold-reduction lines in East Chicago, Indianapolis, and Granite City, Illinois, USA.
11 January 2010 -
China’s ore contract with Venezuelan miner
Wuhan Iron & Steel Group Corp (Wisco), China’s third largest steel producer, has secured a long-term iron ore supply contract with Corp Venezolana de Guayana (CVG).
11 January 2010 -
Steel firms to invest $16bn
South Korea’s steelmakers said they plan to spend SKR18.71 trillion ($16bn) over the next three years in upgrading and expanding facilities
11 January 2010
