Metallurgy news

• China Steel completed the construction of the plant in Vietnam The opening ceremony of the cold -rolled production line of the joint venture of the China Steel Sumikin Vietnam Joint Stock Co (CSVC) took place. The annual volume of steel production on CSVC will be 1.2 million tons. CSVC is a joint venture created by the Chinese Steel Corporation and its... 23.10.2013  10:33

• South Korean metallurgists thought about reducing export prices for hot -rolled rolls Currently, the largest Korean Metallurgical companies Posco and Hyundai Steel are considering reducing the export price for hot -rolled steel in the roll (HRC) to $ 560 per ton on FOB. In the case of a positive decision, the new price will become 20 dollars lower than today. Recall that China... 22.10.2013  16:06

• The stream of Asian stainless steel poured into Europe The number of stainless steel of Chinese production in the European market in the first half of 2013 increased one and a half times, reaching 89 thousand tons. This was reported by the Association "Special Boil". The volume of austenitic steels from the rest of the Asian countries increased by a... 22.10.2013  15:56

• Russia and China will work together in metallurgy and energy The head of the Russian government, Dmitry Medvedev, visited an official visit to the Chinese People's Democratic Republic (DPRK). As a result, a package of bilateral agreements has been signed, numbering 21 document, including agreements between Russian and Chinese companies on cooperation in the... 22.10.2013  15:42

• Tata Steel will continue deliveries for the UK railway network for another 5 years Tata Steel, one of the largest manufacturers in the world, won a contract for the supply of railway tracks for the British railway operator. For at least five years, Tata Steel plans to supply its Network Rail products until 2019, with the probability of extension of the transaction until 2024. ... 22.10.2013  11:48

• China will increase the purchase of iron ore China plans to increase the amount of iron ore acquired in the global sea market in the coming months, since investments in infrastructure, in particular, are gaining momentum in the construction of railways. Currently, China consumes more than 60 percent of the total volume of the global iron... 22.10.2013  11:06

• Indian metallurgists lagged behind the world level The growth of steel production in India in September amounted to 4.7 percent, which is slightly lower compared to the average world indicator of 6.1 percent. The growth of steel production in September was a pale shadow of the lifting of the world economy. According to the World Steel... 22.10.2013  10:23

• Tokyo Steel will not increase prices due to cheap imports Tokyo Steel Manoufacturing Co Ltd (Tokyo Steel) will not increase the prices of metal rolling in November, except for an acute -deficiency square pipe. This was announced to reporters by the managing director of Corporation Kesia Imamur. The leading metallurgical company of Japan, whose price... 21.10.2013  15:41

• Voestalpine is building a rolling mill in Austria In 2016, Voestalpine in Austria, Leoben, will complete the construction of the most modern in Europe of the rental camp at its Leoben-Donawitz enterprise. As a result, the plant will produce about 550 thousand tons of high -quality rollery per year for the automobile and energy sphere. A nine... 21.10.2013  10:54

• The prices for reinforcement in China continue to fall The slowdown of the industrial production index in China led to a slight drop in reinforcing steel prices. Bloomberg writes about this today. The proposals for the reinforcement on the Shanghai futures exchange dropped by half a percent to 3551 yuan ($ 582) per ton. Bidding was opened by a drop... 21.10.2013  10:00