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Europe 'negligent' over Chinese steel dumping: US boss The head of US Steel has accused Britain and the wider European Union of negligence over China dumping cheep steel on world markets.

11 April 2016

ArcelorMittal Temirtau and local labor authorites locked in battle over wages cuts Kazakhstan Labor Inspection has prohibited ArcelorMittal Temirtau to cut wages and the company plans to file a protest.

14 August 2015

ArcelorMittal Temirtau cuts wages by 25% ArcelorMittal Temirtau, a steel giant in Kazakhstan, is cutting wages of all its employees by 25 percent starting from August 1.

31 July 2015

Kazakhstan to return 4.1 billion tenge of VAT payments to ArcelorMittal Temirtau The Taxation Department of Karaganda Oblast has began a check to confirm the outstanding debt of Kazakhstan tax authorities to ArcelorMittal Temirtau.

13 February 2015

Attract transnational corporations to build new processing plants: Nazarbayev President of Kazakhstan Nursultan Nazarbayev has instructed Kazakh officials to attract large transnational corporations during a nationwide teleconference dedicated to the Day of Industrialization.

06 January 2015

Russian steelmaker Severstal announces sale of US plants Russia's steel giant Severstal announced on Monday the sale of its North American plants to US companies for a total of $2.3 billion (1.7 billion euros).

22 July 2014

Hong Kong steel firm pays $470 mn for 5-star Paris hotel A Hong Kong steel investment firm said it has agreed to pay almost $470 million for the five-star Paris Marriott Hotel Champs-Elysees, as it targets Chinese tourists' desire for luxury travel.

18 June 2014

Global world steel use set to grow 3.1 pct this year Global steel use is expected to grow 3.1 percent this year, up from two percent last year and to expand 3.3 percent in 2014.

08 October 2013

China to deal 'appropriately' with EU steel challenge China said it will deal "appropriately" with the European Union's decision to challenge it at the World Trade Organisation after Beijing slapped duties on some steel products, in the latest salvo in the row between the two sides.

14 June 2013

China steel industry says profits plunge The combined profits of China's major steelmakers crashed by more than 98 percent in 2012 as growth in the economy of the world's largest steel producer slowed.

01 February 2013

Cutting over 400 jobs in Pavlodar linked to suspension of export to Iran Pavlodar oblast authorities have linked firing of over 400 employees of the steel plant with suspension of export of goods to Iran.

07 December 2012

Pavlodar steel plant to cut over 400 jobs The company explained that the cuts were a forced measure caused by decreasing demand for their products and shrinking production volumes.

29 November 2012

ArcelorMittal warns France over pressure on Florange Steel giant ArcelorMittal warned the French government Friday that efforts to force it to sell all of its Florange plant, rather than just the parts it wants to close, threaten the company's presence in France.

25 November 2012

World's 2nd largest steel firm born in Japan Japan's Nippon Steel and rival Sumitomo Metal Industries formally merged on Monday, creating the world's second largest steelmaker amid intensifying global competition.

02 October 2012

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