Mr Sanjeev Gupta has pledged to invest EUR 400 million over five years to build Liberty Steel’s newly acquired European steelworks into a major force in the global steel industry. Liberty has set a goal of expanding sales at the plants by 50% by 2022. Mr Gupta said “I’m proud to welcome thousands of skilled…
Ferrous scrap prices in Mexico were stable in Monterrey but started falling in Bajío where downward momentum in the United States scrap market has begun to have an impact. In Mexico’s central Bajío region, Fastmarkets’ weekly assessment of steel scrap No1 busheling, consumer buying price, delivered mill Bajío, fell to $4,750 pesos per tonne on Tuesday…
A 55-ton LF and 3-strand billet caster have started at BSRM, in the new meltshop in Mirsharai, Bangladesh. The ladle furnace has two ladle cars positioned at 90° and a 10 MVA + 20% (overload) transformer. It is equipped with Bus Bar Electrode Arms and “Inert Roof” to minimize the electrode-side oxidation, the slag/steel oxidation,…
A summary of base metals premiums from across the globe for the week to Tuesday September 17. Source of information
The Forest Advisory Committee of the Ministry of Environment and Forest has accepted the Odisha Government’s proposal for transfer of forest clearance of the 1083.69-hectare land acquired for POSCO near Paradip to JSW Utkal Steel Limited to set up an integrated steel plant of 12 million tonne capacity. It said “This proposal has been deliberated…
