Tag: Posco
Eco nod revoked for Posco
Members of a Government-appointed panel reviewed the green clearances for Posco’s proposed steel project in Orissa and recommended that the forest and environment clearances be revoked immediately.
ArcelorMittal denies stainless steel JV
ArcelorMittal has announced that it has no intention to dispose of its stainless steel business despite a Financial Times report saying it was considering either a disposal or a joint venture of its stainless steel division.
POSCO’s coal price burns
POSCO, agreed on 7 April 2008 to pay 200% more for the coking coal it will get from an unnamed Australian miner in 2008.
200 series stainless steel
Since the end of November of this year, South Korea-based Posco has been producing 200 series stainless steel, and offering the test run products to their customers.
Steel facility in Kawasaki
POSCO and Nissan Motor Co. will build a processing plant at Kawasaki in Japan to make automotive and stainless steel.
Stainless CR production cut
Due to the slower demand in South Korea and the fact that the price of nickel is falling, South Korea-based Hyundai Steel will start its fourth production cut in stainless steel cold rolled (CR) this year, said an official from Hyundai Steel.
Plate mill starts operations
China-based Kunshan Dageng Stainless Steel’s new medium and heavy plate mill has come into operation.
Stainless substitutes
Because of high nickel costs, stainless steel producers are forced to continue to look for alternative material to lower nickel alloys.
World’s first continuous tandem mill
POSCO has awarded a contract to SMS Demag the supply of a continuous tandem mill with 18-high cold rolling stands for the economical production of high-quality special steel strip.
Nickel-free grades promoted
Stainless steel producers have taken on board customer backlash against the rising cost of nickel.