SMELTING operations at Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) West Plant, which is being leased to Portnex International, were shut down on Thursday last week after Zimbabwe Electricity Supply Authority switched off the company for disregardi...

Capacity utilisation of domestic steel industry is expected to pick up by about 5% in the current financial year on the back of protective measures laid down for producers to shield them from cheap imports and also because of a likely rise in demand for the co...

The MEPS world average stainless steel price is expected to extend its slow recovery due to rising raw material costs and local supply tightness in several regions. The world average price for 304 cold rolled coil increased, marginally, this month, to a figure...

The domestic steel product orders in Japan recorded marginal decline during the first half of the current year. Meantime, government trade data suggests that steel exports by the country climbed higher during July, the latest month for which data is available.

The forecast from Baoshan Iron & Steel, or Baosteel, comes at a time when China, the world’s top producer of the alloy, is stepping up efforts to slash a huge overcapacity that has boosted cheap exports amid slowing demand at home.

Zimbabwe’s largest ferrochrome producer, Zimasco, currently under provisional judicial management, has approached banks it owes $35 million for a six and half year moratorium on interest on the pre-judicial management debts.

Corporate vultures are circling around Zimbabwe Mining and Smelting Company (Pvt) Ltd (Zimasco) with a view to effect a hostile take-over of the integrated ferrochrome company in the country, businessdigest can reveal.

ON one chilly morning in July last year, three men walked into Zimasco’s Harare offices. They wanted to see the man in charge and had a business proposal.