Iron ore under pressure as supply concerns fade, outlook cautious
Iron ore futures declined on Friday, as easing supply disruption concerns and uncertainty over demand weighed on market sentiment.
Earlier this week, iron ore futures...
SAIL awards contract for coke dry quenching units at IISCO plant
SMS group, together with consortium partner MCK Kutty Engineers Pvt. Ltd., has secured a contract from Steel Authority of India Limited (SAIL) to supply...
Tenaris acquires AllTorque oilfield division to strengthen OCTG services
Tenaris has acquired the oilfield division of Canada-based AllTorque, a manufacturer of tubular running technology, as part of efforts to enhance its OCTG service...
ArcelorMittal, Lio-Metal expand Magnelis coated steel partnership
ArcelorMittal has expanded its partnership with Romania-based Lio-Metal to promote the use of Magnelis coated steel, as the latter plans to phase out conventional...
Thyssenkrupp to cut electrical steel output amid import pressure
Thyssenkrupp Steel will further reduce production of grain-oriented electrical steel (GOES) in response to rising low-priced imports in the European market.
The company's subsidiary, Thyssenkrupp...
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