Cement News tagged under: steel

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ABAD of Pakistan send SOS to save the construction industry

14 March 2023, Published under Cement News

The Association of Builders and Developers of Pakistan (ABAD) expressed its concern about the high and burgeoning prices of steel bars in the country and the ultimate effect on the construction industry. In an appeal, the ABAD drew the government’s attention and urged it to take immediate decisions to contain the soaring prices of steel bars. Prices of steel bars have risen from PKR195,000/t (US$694/t) to PKR310,000/t (US$1103/t)in the last 30 days.  ABAD’s demands include steel bars i...

Brazil: Votorantim/ArcelorMittal to combine steel businesses

24 February 2017, Published under Cement News

ArcelorMittal Brasil SA and Votorantim SA announced the signing of a definitive agreement, which will see Votorantim's long steel businesses in Brazil, Votorantim Siderurgia, become a subsidiary of ArcelorMittal Brasil. Votorantim will hold a minority stake in ArcelorMittal Brasil. Votorantim's long steel operations in Argentina (Acerbrag) and Colombia (PazdelRío) were not included in the transaction. The combination of the businesses will result in a long product steel producer with crud...