China Gerui Advanced Materials Group Limited ("China Gerui," or the "Company"), a leading high precision, cold-rolled steel producer in China, today announced the introduction of a new laminated steel processing line at its existing production facilities in Zhengzhou, China. The new laminated steel processing production line is estimated to be completed, tested and to begin commercial production in the second quarter of 2013.
PSI China got a new order for the implementation of the production management system PSImetals at JISCO TianFeng Stainless Company. Jiuquan Steel and Iron Group (JISCO), located in Jiayuguan City in the Gansu Province, is the biggest carbon and stainless steel company in Northwest China. JISCO Stainless is the stainless branch of JISCO with an annual production capacity of 1.2 million tons. The main products are stainless cold rolled and hot rolled carbon steel and a small amount of stainless plates.
CDI Corp. today announced that it is working with Tenova HYL Technologies to assist Nucor Corporation in the development of Nucor's direct reduced iron-making facility in St. James Parish, Louisiana. The $750 million plant on a 4,000-acre site located along the Mississippi River midway between New Orleans and Baton Rouge is the largest of its kind in the world and is expected to produce two and a half million metric tons of direct reduced iron (DRI) annually.
The Iron Ore Industry has had a strong start to the new year as rising steel demand in China have sent prices for the commodity soaring to a 15-month high. Prices for iron-ore have rallied 75 percent from the lows seen in September. The Paragon Report examines investing opportunities in the Iron Ore Industry and provides equity research on Champion Iron Mines Ltd. and Labrador Iron Mines Holdings Ltd.
ThyssenKrupp today completed the combination of its stainless steel business Inoxum with the Finnish company Outokumpu.
Kobe Steel, Ltd. announces that Shinko Wire Company, Ltd. and Suncall Corporation will take equity stakes in its 100-percent owned steel wire company in China, Kobelco Spring Wire (Foshan) Co., Ltd. (or KSW).
Research and Markets has announced the addition of the "Iron and Steel Casting Market in China 2011-2015" report to their offering.
Broner Metals Solutions, worldwide specialist provider of integrated MES, supply chain and advanced planning & scheduling solutions for the metals industries announces that it has been selected by JSW Steel Ltd to implement a world class Production Planning and Scheduling solution together with Broner's MES solution, for the JSW Vijaynagar Integrated steel complex, India. The Broner systems will be closely coupled with JSW's SAP systems.
LanzaTech, a producer of low-carbon fuels and chemicals from waste gases, and Baosteel, a leading steel producer in China, have announced the success of their 100,000 gallon per year (300 tons) pre-commercial plant located at one of Baosteel's steel mills outside Shanghai, China. This plant operates at significantly larger scale than LanzaTech's pilot facility and test results have shown that the scaling of the technology has been successful.
Research and Markets has announced the addition of the "Steel in Western Europe" report to their offering.
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