Metallurgy news

• Salzgitter metallurgical shares fell by 10 percent Salzgitter steel group announced that this year she would have to write off about 400 million euros of losses against the backdrop of a sharp drop in demand and deterioration in the European economy. "The ongoing decline in many European countries exerts pressure on the European steel industry... 06.08.2013  14:27

• Evraz Vitkovice Steel resumed work after a month downtime The Czech Metallurgical Plant Evraz Vitkovice Steel, a division of the Russian company Evraz, resumed the production of steel after more than monthly downtime due to the lack of demand for metal distribution. The representative of Euraz reported that the company agreed with the local... 06.08.2013  13:53

• Arcelormittal published a report on the form of 20-F Against the background of the ongoing decline at the macroeconomic level, the level of production of the main products is growing compared to the second half of 2012, the period that has become the most decadent in the history of the company, says the preface to the report signed by the General... 06.08.2013  12:01

• Kazakhstan: In August, the main manufacturers mainly retain the prices for reinforcement In August, the prices of manufacturers have not changed for the supply of reinforcement to the reinforcement to the market of Kazakhstan. Thus, the main factors that impede the rise in price of the rental are the presence of the free capacities of Kazakhstani manufacturers and a high level of... 05.08.2013  19:40

• Rio Tinto and BHP awaits a sharp reduction in profit - Australian press Today it became obvious that the mining boom was over. Rio Tinto and BHP Billiton showed a tendency to reduce profitability and unprecedented zeal to reduce costs. The weakening of the prices for raw materials forced industry monsters to tighten financial discipline and cut off payments. About this... 05.08.2013  10:09

• Steel production in Iran over four months increased by 5 percent In the first four months of the current calendar Iranian year (March 21 - July 22), the production of raw steel in this country increased by 5 percent. It is reported by Tehran Times. The total production of unrefined steel reached 1 million 300 thousand tons in the last calendar month of the... 05.08.2013  10:02

• France reduced steel production in the first half of the year According to the latest data published by the French Federation, in the first half of 2013, French production of steel decreased to 8.024 million tons, which is 4.3 percent less when compared with the same period last year. During this period, the production of electric arc furnaces (EAF) was... 04.08.2013  13:34

• Indian steel plants increase prices The largest manufacturers have become such as JSW Steelbse and Essar Steelbse decided to increase prices for their products this month. Private firms say that the decision was a forced measure against the background of increasing costs for materials due to a sharp decrease in the national currency... 04.08.2013  13:13

• Schmolz + Bickenbach board of directors resigned For several months, the struggle for power in the steel German group Schmolz + Bickenbach has been raging between the heirs of the founder of Renov and the board of directors. At an extraordinary general meeting, seven members of the board of directors resign. The Schmolz + Bickenbach AG board... 03.08.2013  13:46

• Wuhan Steel is interested in 40 billion tons of iron ore At the press conference on July 31 on the territory of the largest mountain-rural project of the company in West Africa, the president of Wuhan Iron and Steel (Group) Corp. Mr. Dang Qilin announced that the Bong mine is a strategic object for the fourth of the world of a metallurgical company.... 03.08.2013  13:35