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Daily Archives: November 8, 2018

Severstal may borrow to finance new capex surge

Russian steelmaker Severstal will ramp up investments by 75% next year, a decision which may require borrowing. Severstal’s CFO Alexey Kulichenko said “A significant proportion of the investment is related to cost savings including putting conveyor belts in our iron ...

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WTO rules against India’s safeguard duty on hot rolled steel

India lost a major trade dispute at the World Trade Organization, after a dispute settlement panel largely upheld Japan’s complaint that New Delhi’s imposition of safeguard duty on imports of hot-rolled steel flat products during September 2015 and March 2018 ...

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Chinese steel demand has likely peaked

China’s top steel mill Baowu Steel says That domestic usage has probably hit a peak and will stabilise at these levels, as absolute growth in the economy offsets changes in the nature of demand. Mr Chen Derong, chairman of China ...

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Features and uses of welded stainless steel pipes

The welded stainless steel pipe has two main features, one is that the small diameter welded stainless steel pipe is continuously produced online. The thicker the wall thickness of the pipe, the larger the investment scale of the unit and ...

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