Archive for February 8th, 2008
Steelmakers face further cost increases
According to Reuters, spiraling coal prices are set to hit the Steelmakers in May or June, when new long term contracts have to be negotiated. Prices for hard coking coal have more than doubled in the last year.
In the past few days Indian steelmakers have announced further price increases despite the Government intervening on behalf [...]
Posted: February 8th, 2008 under Steel News.
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More "Lightning" strikes for the German Steel Industry
Union IG Metall said today, that they will be staging more temporary stoppages throughout German Steelworks next week.
The strikes will begin on Monday in support of an 8% pay rise claim by the union.
Technorati Tags: IG Metall,Steeworks Strikes,Germany,Steel Strip
Posted: February 8th, 2008 under Steel News.
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ArcelorMittal to start building India steel plants by year end
ArcelorMittal, the world’s largest steel maker, plans to begin building two steel plants at a combined cost of 18 billion dollars in two Indian states by year end, a report said Thursday.
"We would start construction of each of the two projects in Jharkhand and Orissa by the end of the year. We are in advanced [...]
Posted: February 8th, 2008 under Steel News.
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