Results for: steelmaking
*******www.gwm-tv**** - Steelmakers in Brazil are luring the top-performing stock funds in the country, amid prospects that the President-elect Dilma Roussef has steps planned to protect the steel industry from foreign competitors.
Top manufacturer, Gerdau SA, has seen shares snapped up amid speculation that Roussef is planning tax rises for imports.
It is also expected that the boom in construction that will be created by the 2014 World Cup and 2016 Olympic Games, will offer a significant boost to what had previously been referred to as “massacred” steel prices.
CSN, Brazil’s third largest steelmaker, has announced a plan to invest 34 billion real into its operations in 2016.
According to CSN’s Chief Executive, Benjamin Steinbruch, around 80 per cent of the planned investments will be allocated in the steel and iron ore areas.
Web TV 2010 kicks off with an episode encapsulating the challenging environment of the last 18 months. The episode points a camera at the repercussions of the crisis, the actions taken by ArcelorMittal and the sentiments as we look at the road to recovery.
Acroni, a Slovenian flat steel producer decided to modernize their 20 year old slab caster. The challenge was it to replace the machines within 38 days. The replacement of the strang guide system was included furthermore new Equipment and systems had to be integrated with re- usable parts of the caster. Arconi has now the capability to cast more than 500.000 tons of steel per year with its steel production plant.