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News
Rising Costs Put Pressure on Global Prices for Steel Products
6+ day, 2+ hour ago (325+ words) World steel production, after growing by 1.7% in June, decreased by 0.3% in July on an annual basis. In particular, China reduced output by 3.6% by the end of July. Overall, from January to July, global production decreased by only 0.6%, which currently does…...
ArcelorMittal to invest up to $962 million in expanding Tubarao plant in Brazil
1+ week, 2+ day ago (256+ words) Global steel producer ArcelorMittal has approved a project to expand the flat rolled processing capacity at its Tubarao plant in the state of Espirito Santo, Brazil. The total investment is estimated at 4–5 billion Brazilian reais ($740–962 million), according to agronews.ua....
Nippon Steel launches new hot rolling line at Nagoya plant
4+ week, 2+ day ago (279+ words) Japanese steel manufacturer Nippon Steel has completed the construction of a new hot rolling line at its Nagoya plant, agronews.ua reports. The investment amounted to about 300 billion yen ($1.8 billion). Industrial production is set to begin in August of this…...