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.
have asked the government to raise import duties on steel products by up to 40 percent as protection against a flood of cheap imports, mostly from China.
globally are continuing to maximize cost-cutting, are seeking to improve productivity and are shifting focus to high-end value-added products.
The price increase agreement between the nation's biggest automaker and steelmaker
may put pressure on other automakers and steelmakers
to follow suit.
The Action Plan is a good starting point, but there still is a lot of work to be done until our sector will substantially benefit from the proposals," said Gordon Moffat, director general of European steelmakers
Lakshmi Mittal, the president and CEO of ArcelorMittal, one of the largest steelmakers
in the world, met on Friday with Romanian PM Victor Ponta to discuss the sustainability of the steel industry in Europe and in Romania particularly.
In the case of exports, improving overseas economies, the correction of the strong yen and other factors are contributing to a recovery in steel exports, but supply pressure from South Korean and Chinese steelmakers
is expected to remain strong," the company added in a statement.
Two of Japan's biggest steelmakers
merged last year as they looked to outpace their Chinese and South Korean rivals in the global market that has seen increasingly fierce price competition for the metal used in cars and construction.
For some time, we have been arguing that 2H12 could prove to be one of the toughest periods for Russian steelmakers
since the 2008 crisis.
But globally, the company is expected to continue facing fierce competition from major Chinese and South Korean steelmakers
who have been expanding their market share in Asia through aggressive production increases and low prices.
02% net-profit margin is not easy to come by is not an overstatement, especially at a time when most Asian steelmakers
, such as Japan's Nippon Steel Corp.
Despite increasing consolidation between steelmakers
through mergers and acquisitions, the steelmaking industry remains highly fragmented compared to other capital-intensive sectors.