Metallurgy news
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ThyssenKrupp acquires Atlas ElektronikThyssenKrupp acquires all shares of Atlas Elektronik, which was the main shareholder. Atlas Elektronik is a joint venture between ThyssenKrupp and Airbus Defense holding 51 percent and 49 percent influence, respectively. Upon completion of the transaction, ThyssenKrupp will be the sole owner of…
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PJSC "Zaporizhstal" held public hearings on the construction project of the converter shopOn January 17, 2017, PJSC Zaporizhstal held public hearings in the city of Zaporozhye on the project “Reconstruction of steelmaking production, with the construction of a complex for the production of hot-rolled coils as part of a converter department, a department of casting and rolling modules…
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Tokyo Steel increases prices for its products for the 3rd month in a rowTokyo Steel Manufacturing Co Ltd, Japan's largest electric arc furnace steelmaker, will raise prices for its products for the third straight month, citing tighter international prices and domestic construction projects accompanying preparations for the 2020 Olympics. Tokyo Steel, which makes beams…
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The threat of a new crisis for the UK steel industry has decreasedThe UK government has agreed to additional subsidies to reduce high electricity costs for the metals sector, pushing it back from plunging back into the crisis. However, European approval has yet to be reached to grant government aid to British steelmakers, who would bear electricity costs close to…
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The global zinc market is in short supplyThe latest statistics indicate that the global market for refined zinc was in deficit of 263,000 tonnes during the eleven months of 2016. The total number of registered zinc reserves decreased by 72,000 tons during this period. Refined zinc production for eleven months totaled 12.532 million…
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China's steel exports fell for the first time in six yearsAfter six years of rapid growth, in 2016, steel exports from China declined for the first time in recent years. Market analysts believe that this was mainly due to the rise in steel prices, as well as the impact of frequent trade frictions. However, throughout 2017, steel exports are expected to…
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Trump considers NATO obsoleteThe future US president in an interview with the British Times said that Britain's impending exit from the EU is positive, and the war in Iraq was "the worst decision in US history." In addition, Trump, in a joint interview with the Bild newspaper and the British Times, described NATO as an…
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India's steel industry is playing a critical role in transforming the countryThe Indian Ministry of Steel has released a draft National Steel Policy (NSP). The project is open for proposals from interested parties until January 23rd 2017. According to NSP, India was the only major economy in the world where steel demand continues to grow positively at 5.3%. Rapid growth in…
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Automotive industry boosts production of HSSThe automotive industry is driving up demand for HSS. In 2021, the steel market is expected to exceed $ 21 billion. In 2015, the HSS market was $ 14.27 billion and is expected to reach $ 21.17 billion in 2021. The report indicates that the outlook for the HSS market between 2016 and 2021 is…
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Moody's to pay millions in fine to the US authoritiesRating agency Moody 's has been held responsible for the financial crisis. Standard & Poor's and Fitch are also considered guilty, but to a lesser extent. Their higher credit ratings were wrong, as it turned out later. Therefore, Moody's will now have to pay $ 864 million in fines. As you know, the…
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