Amkotas

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Iron and steel sector blog and message board: steelmaking news, reports and opinions; steel prices; cost trends, expert forecasts and more ...


ArcelorMittal, the world's largest producer of steel, warned on Friday of lower profits this year but surprised the market by managing to cut its debt to the lowest level since the company was created in 2006.

The company, which produces about 6 percent of the world's steel, said it expected core profits to drop to between $6.5 and $7 billion in 2015, from... read more

Posted on 05:12, February 13, 2015

Well - here is a shocking news report.

It would seem that Al-Tuwairqi of Saudi Arabia and POSCO of South Korea, who together invested in the TSML DRI plant in Pakistan, have been unable to secure the low-cost natural gas needed to operate the new DRI facility. Requests to the government of Pakistan to consider TSML?s position have seemingly been ignored; with... read more

Posted on 08:29, January 29, 2015

We have re-launched our mobile website, which now works on mobiles, smart phones, tablets as well as PCs.

For free 24/7 steel industry news and information, visit us at http://www.steelonthenet.com/

Andrzej M Kotas

Managing Director

Metals Consulting International Limited

Website: www.steelonthenet.com

      

Posted on 04:22, December 22, 2014
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