Sumitomo to hike seamless pipe price
Sumitomo Metal Industries Ltd has announced plans to increase export prices from October as rising energy demand lifts sales for the pipes used to extract oil and gas.
UAE: petrochemical project at Ruwais
Abu Dhabi plans to build new petrochemicals plants near an existing oil refinery at the Ruwais industrial area rather than at a port closer to the UAE capital.
Malaysian stainless steel plant
Acerinox SA has announced that it is pumping in an extra USD 251 million for the second phase of its stainless steel production plant in Malaysia.
Stainless steel unit
ArcelorMittal has annocuned plans to spin off its stainless steel unit to the parent's shareholders, signaling the failure of years of talks among producers aimed at consolidating an industry beset by over capacity and increasing costs.
Sumitomo Financial Forecasts
Sumitomo Metal Industries Ltd has made the following notification regarding the financial forecasts for the 1st half of FY2010.