May 2013

Egypt's Ezz Steel net profit down 53% in 2012

Net profit at Ezz Steel, Egypt’s biggest steelmaker, fell by 53.3% in 2012 amid a slowdown in the country’s economy and continuing weakness in the global steel markets, the company said on Thursday May 2.

Iran’s Golgohar to sign contract with China’s MCC for new mini-mill

A consortium made up of the China Metallurgical Group Corp (MCC) and Iran’s Karoun Dez Dasht (KDD) has won a tender to set up a continuous hot strip mini-mill for Golgohar Iron & Steel Development.

US Steel mulls DRI joint venture with Republic Steel

US Steel is considering a direct reduced iron (DRI) joint venture with Republic Steel in Ohio, US Steel chairman and ceo John Surma said during the steelmaker’s first-quarter financial results call on Tuesday April 30.

US Steel mulls DRI joint venture with Republic Steel

US Steel is considering a direct reduced iron (DRI) joint venture with Republic Steel in Ohio, US Steel chairman and ceo John Surma said during the steelmaker’s first-quarter financial results call on Tuesday April 30.

Domestic Indian DRI prices drop $4 per tonne week-on-week

Prices of direct reduced iron (DRI) in the domestic Indian market continued to weaken this week, dropping by Rs200 ($4) per tonne to Rs19,000-19,100 ($353-355) per tonne ex-works.