In the making of steel, a chemical analysis is made of each caldron of molten pig-iron, when it starts on its way to be refined, and this analysis is sent by telephone to the
steelmaker, so that he will know exactly how each potful is to be handled.
The
steelmaker reported sales revenue of Rs3.5 billion, up 6% year-on-year or 30% quarter-on-quarter.
ESCO's outstanding debts stood at about 6.6 trillion rials ($175 million) as of November, a significant portion of which the
steelmaker owes banks.
MARC has issued its update to highlight that the two-month shutdown of Antara Steel Mills Sdn Bhd's (Antara) Labuan based Hot Briquetted Iron (HBI) plant will have no impact on the AIS(fg)/stable rating on the
steelmaker's MYR 300.0 million Sukuk Mudharabah Programme which is guaranteed by Danajamin Nasional Berhad (Danajamin).
The markup of roughly 10 percent from the preceding six-month period is the first for Toyota since the April-September period of 2011 before the giant
steelmaker came into existence via the 2012 merger between Nippon Steel Corp.
Austrian
steelmaker Voestalpine, while describing the plan as an important milestone, said European steel firms faced higher energy prices and rising costs for cutting greenhouse gases, with no obvious technological breakthrough.
Summary: Japan's Nippon Steel and Sumitomo Metal Corp., the world's second-biggest
steelmaker, on Friday posted a $1.2 billion net loss in its fiscal year to March.
Summary: Tokyo: Japan's Nippon Steel and Sumitomo Metal Corp., the world's second-biggest
steelmaker, on Friday ...
asked its creditor banks Monday to waive 70 percent of their loans to the ailing medium-sized
steelmaker and grant a moratorium on loan repayments, industry sources said.
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For their part,the Japanese
steelmakers are reacting favorably to the Taiwanese integrated
steelmaker's domestic price increase of EG sheets this time.
steelmaker - a worker engaged in making steel