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2019 - 09 - 18
Steel producer Nucor Corp said on Monday it would spend about $1.35 billion to build a plate mill in the U.S. Midwest, taking advantage of federal tax cuts that has resulted in windfall gains for several companies.Nucor is also benefiting from higher steel prices for domestic producers due to tariffs imposed on imports by the Trump administration last year.The new mill, which is expected to be fully operational in 2022, would produce 1.2 million tons a year of steel plate products and create about 400 full-time jobs, the company said.“Tax reform, continued improvements to our regulatory a...
2019 - 09 - 11
European Union countries have backed a scheme to limit imports of steel into the bloc following U.S. President Donald Trump’s imposition of tariffs on steel and aluminium entering the United States, the European Commission said on Wednesday.It means that all steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S.The bloc had already imposed “safeguard” measures on a provisional basis on imports of 23 steel product types in July, with an expiry d...
2019 - 09 - 09
After work on Friday, September 6th, all the staff of our company went to the KTV in saxes to participate in the small group construction of this month. In the evening, we ate and sang together, just like we went out to play with our families. It was very kind, very harmonious and very comfortable. It also made us understand that mutual communication was necessary and happy.Through this team development training, we really learned a lot. In fact, we are a family! I hope there will be more opportunities for us to communicate, learn and become better together!
2019 - 09 - 04
Chinese iron ore futures hit their lowest in more than three weeks on Tuesday following news that Brazil’s average daily exports of the steel-making raw material this month outpaced shipments a year earlier, despite last month’s mine disaster.The Chinese ferrous market, however, ended a volatile session with construction steel rebar extending its rise into a fourth session, as optimism over a possible trade deal between Beijing and Washington waned.The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange ended down 3.2 percent at 593.5 yuan ($88.60) a ton, having fal...
2019 - 08 - 26
Harsco Corporation announced today that its Metals & Minerals division has signed a $247 million contract with HBIS Laoting Steel, a subsidiary of the HBIS Group and one of the leading steel producers in China. The 15-year agreement further expands Harsco’s partnership with HBIS; the Company has provided steel mill services to Tangshan Steel Group – another HBIS subsidiary – for more than a decade.Under the expanded agreement, Harsco will deliver a suite of onsite mill services, including under furnace cleaning; slag transport and metal recovery; scrap and tundish cutting; and desulph and ...
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