Category: News

Formosa Group orders Danieli grinding plant

Formosa Group, a large Taiwanese conglomerate, has ordered a new Danieli Centro Maskin grinding plant for its Fujian Fuxin stainless steel plant in Zhangzhou, Fujian Province, China. The machine will be used to condition 300 and 400 series …

Stainless steel manufacturer signals bigger loss &...

Stuff.co.nz – Stuff.co.nzChristchurch stainless steel manufacturer Mercer Group may sell its interiors division as well as signalling a $7.8m earnings loss before finance costs and tax. The listed company released the increased loss position for the year to …

Mittal: Collapse of Chinese Steel Prices Will Offe...

A collapse in Chinese prices last month is set to push already stretched Chinese steel mills even further into the red, curtailing production and exports, according to billionaire steel mogul Lakshmi Mittal, CEO of ArcelorMittal, the world’s largest …