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Deacero investing $20 million in brand-new steel mi

Mexican steelmaker Deacero will invest MXN 420 million ($20.5 million) in a new account as well as galvanized steel mill in Ramos Arizpe, Coahuila, according to the governor of Coahuila state, Miguel Riquelme. The governor stated on Twitter

Shougang intends to obtain steel trading company us

Beijing-based Chinese steelmaker Shougang Co., Ltd has revealed that it prepares to obtain 49 percent equity in Beijing-based steel trading business Shougang Steel Trading Investment Co., which is additionally a subsidiary of Shougang Team,

Transport disturbances influence Spanish steel mark

According to the Spanish steelmakers organization UNESID, the 3rd day of deductions in transportation because of a vehicle motorists' strike is developing a greater impact than anticipated specifically for the domestic steel market. Accordi

Japan's CR steel strip shipments down 6.4 percent i

In January this year, Japan's chilly rolled sheet as well as strip deliveries reduced by 6.4 percent compared to the previous month and were up by 10.57 percent on year-on-year basis, totaling up to 440,088 statistics loads. 44.98 percent o

Fangda Unique Steel's internet revenue up 27.65 per

Jiangxi Province-based Chinese steelmaker Fangda Special Steel Technology Co., Ltd. has actually provided its annual economic report for 2021, announcing an operating earnings of RMB 21.679 billion ($3.4 billion) for the year, up 30.59 perc

India to utilize CEPA with UAE to increase steel ex

India will utilize its lately ended Comprehensive Economic Collaboration Arrangement (CEPA) with the United Arab Emirates (UAE) for large-scale partnership with countries in the Gulf Teamwork Council (GCC) area to raise the footprint of the

Indian steel mills commence renegotiating long and

Indian domestic steel mills have started renegotiating long-term supply contracts and also even some are invoking pressure majeure provisions following the surge in basic material costs as well as supply chain disturbances in imports of inp

German unrefined steel outcome rises by 1.1 percent

In February this year, Germany's unrefined steel output boosted by 3.8 percent year on year to 3.21 million metric tons, according to the information provided by the German steel federation Wirtschaftsvereinigung Stahl (WV Stahl). In the Ja

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Indian steel as well as iron ore pellet manufacturer GIPL enhances risk in ferroalloy plant-Pumao steel

2022-03-23 | Pumao

Indian steel, iron ore pellet and power manufacturer Godavari Ispat and Power Limited (GIPL) has actually become part of a contract to increase its equity holding in Hira Ferro Alloys Limited (HFEL), a regulatory filing of GIPL claimed on Tuesday, March 22.

Under the arrangement, GIPL will certainly obtain extra equity in HFEL as well as increase its overall stake in the latter from 56.45 percent to 75.66 percent, according to the declaring.

The HFEL plant located in the main state of Chhattisgarh has an installed annual capability of 61,500 mt of ferroalloys, a 300 MW slave power plant, and also annual capacities of 300,000 mt of manganese ore briquettes and 330,000 mt of fly ash bricks.

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