Metallurgy news

• China increased the import of coal by another nine percent According to statistics published this week, China imported 6 million 600 thousand tons of coal in November 2013, which is 9 percent higher than in the APPG-2012. For eleven months of this year, 67 million 380 thousand tons of imported coal were received in the country. As previously reported,... 29.12.2013  18:23

• Vale SA announces force majeure for iron ore supplies from Brazil The largest Brazilian supplier of iron ore raw materials, Vale, declared force majeure for a number of contracts as a result of weather conditions of the country's southeast. The pouring rains that were ongoing from the beginning of December caused numerous landslides and floods, especially in the... 29.12.2013  18:14

• Australia stops iron ore export At once, the three largest ports of Australia, Cape Lambert, Dampier and Port Hedland, ensuring the shipment of almost the entire export of iron ore were closed today in anticipation of the Hurricane "Christina". The tropical cyclone will reach the Australian coast on Monday evening. "Christina"... 29.12.2013  14:01

• Mechel announces the closure of the transaction on two ferroalloy assets The Russian mining and metallurgical company Mechel sold ferroalloys of the Yildirim Group (Yildirim Group) of Turkey for a total of 425 million US dollars. In accordance with the terms of the transaction, Yildirim Group paid the entire amount of OJSC Mechel for 100 percent of the shares of... 28.12.2013  13:55

• JSW Steel plans to raise prices from January Jayant Acharya, Marketing Director JSW Steel told Business line that JSW Steel LTD plans to increase steel prices from January by 2 percent. According to the report published by the company, the price value will be increased by 700 - 1000 Inr per ton, depending on the product specification. ($ 1 =... 28.12.2013  10:48

• Punjab Steel cluster has achieved VAT to reduce The Penjab government decided to reduce value added tax (VAT), satisfying the requirements of small and medium steel plants. At a meeting with representatives of dominant, rolling and pipe industries, deputy chief minister Sakhbir Singh Badal gave a green light to reduce VAT to 2.5 percent from... 27.12.2013  12:25

• Steel production in Iran over 8 months has grown by 9 percent According to statistics, the volume of production steel in Iran in the first eight months of the Iranian calendar year (March 21 - November 21) increased by 9 percent to 10 million 550 thousand tons. It is reported by Yeh.corp. The three largest manufacturers of Iran Mobarakeh Steel, Khouzestan... 27.12.2013  09:28

• Steel production in Japan will reach a 6 -year -old maximum The production of steel in Japan is expected to grow to a six -year maximum in the current financial year, which end in March 2014. To a greater extent, this is due to high demand from the infrastructure, which works in the conditions of high government spending and haste, caused by the intention... 27.12.2013  08:47

• Tata Steel will launch a new factory in Orissa In March 2015, the Tata Steel metallurgical company will complete the first phase of the construction of a new steel enterprise in the Indian state of Oriss. The capacity of the new metrough will be 6 million tons of steel products per year. T.V. Narendran, who holds the post of general manager... 27.12.2013  08:00

• The following year IISCO will increase steel production by 5 times The modernization of the oldest steel plant in India, owned by the Indian Iron and Steel Company (IISCO), will end at the beginning of next year. It is assumed that the technical re -equipment of the plant will help iisco increase labor productivity and increase the volume of products.... 26.12.2013  19:26