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Tenaris acquires Benteler
Benteler North America Corporation and Tenaris SA have entered into an agreement to acquire Benteler's OCTG manufacturing facility in Shreveport, Louisiana, for $460 million. Closing is expected in the fourth quarter. The deal includes $52m of working capital and is...
Steel: Metinvest accelerates investment in new Italian plant
Metinvest is reportedly accelerating the development of the new steel plant planned in San Giorgio di Nogaro, northern Italy, to be built by Italian plant manufacturer Danieli. Executives, including Metinvest CEO Yury Ryzhenkov, travelled to the area last week for a...
Copper: Peruvian authorities seek to maintain dialogue between Las Bambas and indigenous communities
As dialogue between the Chinese mining company MMG Ltd and six Peruvian indigenous communities has stalled and the 15 July deadline to find a solution to a months-long conflict approaches, government authorities are striving to keep the dialogue alive by ensuring that...
Steel rebar: French prices remain high despite weak demand
The French rebar market remains at a standstill, with prices remaining high despite the recent drop in demand. Low consumer confidence and the fear of recession continue to hamper sales. As in June, very small quantities are being purchased from week to week. National...