DTI Seeks Duterte’s Endorsement for P7.2-B Rolling Steel-Mill Project

[www.ferro-alloys.com] The Department of Trade and Industry (DTI) is appealing to President Duterte to give the green light to the P7.2-billion rolling steel mill project in Bulacan to revive the country’s flagging iron and steel industry.

Monday, September 26, 2016

K Line, The Next Takeover Target?

[www.ferro-alloys.com] According to a FT report, analysts and investors have been baffled by the recent activities of Effissimo, Singapore-based fund had increased its stake in K Line to 37 per cent by early August from 6.2 per cent about a year ago.

Thursday, September 22, 2016

Overcoming the Second Major Steel Crisis

[www.ferro-alloys.com] At the G20 Summit in Hangzhou, some world leaders criticized China for its steel overcapacity. Before the summit, U.S. lawmakers, and trade unions and associations had urged President Barack Obama to blame China's trade practices for U.S...

Monday, September 19, 2016

Iron, Steel Economic Zone to Spur Development

[www.ferro-alloys.com]President Lungu’s declaration of Kafue as an iron and steel economic zone is aimed at creating a platform for Zambia to achieve economic development by attracting significant domestic and foreign direct investment (FDI) through a strengt...

Monday, September 19, 2016

US Steel Mill Capability Utilization Falls Below 70%

[www.ferro-alloys.com]The US steel industry's capability utilization rate fell last week below 70% for the first time since the week ended January 30, American Iron and Steel Institute data showed Monday.

Wednesday, September 14, 2016

Weak Pound Buoys Tata Steel's UK Ops but Post-Brexit Worries Remain

[www.ferro-alloys.com]Benefits from the pound's depreciation and current restructuring not withstanding, India's largest private-sector steelmaker, Tata Steel, is still cautious about its U.K. operations and is carefully weighing its options. The Mumbai-based ...

Tuesday, September 13, 2016

ECC Disallows PSM to Sell Rs Five Billion Unfinished Inventory

[www.ferro-alloys.com] Economic Co-ordination Committee (ECC) of the Cabinet has not allowed Pakistan Steel Mills (PSM) to sell unfinished inventory of Rs 5 billion to meet its financial commitments including payment of salaries, well informed sources told Bus...

Monday, September 12, 2016

PHL’s Last Steel Mill Seeks CA Help to Collect Insurance Claims

[www.ferro-alloys.com] THE country’s last remaining steel mill has sought the help of the Court of Appeals, after the company’s insurance claims worth over P1 billion against nine insurance companies remained pending more than a year after the filing of form...

Friday, September 9, 2016
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