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The layoffs at U.S. Steel’s Gary Works on Friday were just part of an ongoing trend that’s afflicted the steel industry, which was once Northwest Indiana’s largest employer and a ticket to a comfortable middle class life. Steel jobs nationally have fallen more than 35 percent to 87,000 jobs last year, down from 135,000 jobs …
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JFE Holdings Inc., Japan’s second-biggest steelmaker, cut its full-year profit forecast for the second time in three months, warning that declining overseas demand, particularly in China, had weakened prices more than expected. For the year to March, the Tokyo-based company said it now expects net income of 25 billion yen ($207 million), according to a …
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India’s economy and steel sector have been among a select few worldwide to post healthy levels of growth amid stagnant global GDP rates, but Chinese steel dumping and overcapacity have curtailed growth in the contry’s refractories industry, Sunder Singh, IM Correspondent, explains. Driven primarily by steelmaking activity, India’s refractories industry has had a mixed period …
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In order to ensure the steelmaking future of the Asturias province in Spain, ArcelorMittal decided to invest into the reconstruction and modernisation of the coking plant at its Gijon works, which has been out operation since 2013. In the context of this extensive project, Paul Wurth has been awarded with the engineering, supply of key …
