Metallurgy news

• Coal displaces natural gas from power plants in the countries of Southeast Asia According to the International Energy Agency (IEA) in the near future, coal will replace natural gas used as fuel with almost all power plants in Southeast Asia, where in the next two decades, electricity consumption should increase by almost half. 10 countries of the Association of Southeast... 02.10.2013  20:26

• Metinvest was allowed to purchase a share in the offshore of the Canadian Black Iron Maternal company Mining and Metallurgical Holding Metinvest B.V. Received permission from the Government of Serbia for the acquisition of 49 percent of the shares of the Cyprus offshore Black Iron (Cyprus) LTD, a subsidiary of the Canadian Black Iron. For $ 20 million, Metinvest will receive... 02.10.2013  15:36

• Nippon Steel and Sumitomo Metal gets rid of unnecessary assets In October last year, Nippon Steel united with a smaller partner of Sumitomo Metal Industries after they have incurred losses from strong yen and competition from fast -growing and cheaper Asian competitors such as Posco for several years. Nippon Steel and Sumitomo Metal Corp reported that they... 02.10.2013  15:16

• Europe is waiting for a decrease in steel price According to the analyst at Macquarie Group, Jeff Larjarge, structural problems in the European steel industry must be solved immediately in order to ensure the development of the industry. Larjarge said that an excess sentence was and remains a "serious problem." In addition, he argues that... 02.10.2013  14:07

• AK Steel raised steel prices and filed a complaint about dumping The leading metallurgical company AK Steel announced on Tuesday October 1 on increasing prices for cold -rolled and hot -rolled sheet steel to 790 and 680 dollars per ton, respectively. In addition, the company announced a complaint to the US Department of Trade of unfair prices when importing cold... 02.10.2013  13:00

• In the USA, steel production is falling According to data published by the American Institute of Cast iron and steel (AISI), the production of steel in the United States fell by 1.3 percent last week compared to the previous week and 5.8 percent compared to the same week in 2012. The total production steel in the United States from... 01.10.2013  14:54

• Glencore Xstrata will sell coal to Japanese power plants at elevature percent cheaper The world's largest energy coal export company Glencore Xstrata PLC today has concluded a contract with the Japanese tohoku Electric Power for the supply of coal to the country's rising sun. At the same time, in comparison with last year, coal, according to the new agreement, will cost 11 percent... 01.10.2013  14:28

• Kobe Steel will build a plant in China about the production of aluminum car dealers One of the leading metallurgical companies in Japan Kobe Steel will open in China a plant for the production of aluminum body parts for the automotive industry. In the Middle Kingdom, this will be the first Japanese industrial facility for the production of such products. The opening of the... 01.10.2013  13:09

• In January - August 2013, the cost of Turkish steel imports decreased by nine percent According to preliminary statistical data provided by the Turkish Institute of Statistics (TUIK) and the Turkish Customs Customs, in the first eight months of 2013, the total cost of importing metal products amounted to 12 billion 200 million US dollars, which is 9 percent less than in the... 01.10.2013  12:16

• The European Commission began the judicial persecution of Italy for the inability to reduce emissions at the Ilva Mining Road Controller According to the Italian printed publication ANSA, Italian inability to solve the medical and environmental problems in Taranto created by the Ilva metallurgical plant, led to the beginning of the trial at the initiative of the European Commission (EC). The Commissioner of the EC on... 30.09.2013  10:24