Metallurgy news

• Thailand's largest metallurgical company SSI agreed to defer debts Sahaviriya Steel Industries and three of its major lenders said they had reached an agreement on a $ 1.4 billion debt restructuring agreement. Thailand's largest steel company Sahaviriya Steel Industries (SSI) and its three major creditors have said they have agreed to consider options for... 21.09.2015  16:33

• Severstal increases supplies to car manufacturers Over the past eight months of 2015, Severstal increased shipments of high-strength steels with the Bake Hardening effect by 42 percent year-on-year. Since the beginning of the year, Severstal has supplied 7,000 tonnes of these products to AvtoVAZ, General Motors, Hyundai-Kia, Volkswagen, Ford... 21.09.2015  12:47

• Recession in Canada leads to a sharp drop in US steel exports US statistics showed that steel exports from the country fell to 813.053 tons in July this year, down 8.1 percent from a month earlier and 20 percent from the previous year. Most of the steel products from the United States of America (USA) are exported to Canada and Mexico, where steel is... 21.09.2015  11:03

• The most expensive blue diamond will be presented at the auction A rare, impeccably blue 12 carat diamond known as the Blue Moon may soon become the most expensive gemstone ever sold at auction. It is expected to bring in up to $ 55 million when it goes under the Sotheby's hammer on November 11 in Geneva. To set a world record for the price of an auctioned... 20.09.2015  11:05

• UK SSI may stop production UK steel company SSI UK, which made headlines over concerns over debt repayment, announced that its iron and steel operations at Teesside would be on hold. SSI UK is Thai owned. The announcement was met with disappointment in the ranks of the UK steel organization. Director Gareth Stays called... 20.09.2015  10:41

• JFE Steel acquires a stake in a steel complex project in Vietnam Tokyo: JFE Steel Corporation has signed a $ 225 million contract to acquire a five percent stake in Formosa Ha Tinh (FHS), a joint venture that is currently building integrated steel plants in Vietnam. The project was spearheaded by the founder of Formosa Plastics Group, a Taiwanese integrated... 19.09.2015  12:58

• Russia is considering the possibility of reducing oil production For the first time, Russia is raising the issue of cutting oil production if the price of oil falls below $ 40 per barrel. Deputy Energy Minister Alexei Teksler said that at less than $ 40 a barrel, oil production is likely to be reduced, although the price only slipped below $ 49. Russia has... 19.09.2015  12:41

• ThyssenKrupp promotes smart cities Diversified industry group ThyssenKrupp is calling for more energy efficient urban infrastructure, analyzing that an energy saving program for existing buildings needs to be implemented within 15 years. Building elements such as elevators, heating, ventilation and cooling systems still do not... 19.09.2015  12:15

• NLMK has reduced its environmental impact NLMK Group, one of the most efficient steel companies in the world, announced improvements in the environmental performance of its facilities in Russia during the first half of 2015 amid increased production. Steel production in 1H 2015 increased by 3 percent year on year, and the environmental... 18.09.2015  09:57

• Fed leaves key interest rate unchanged The US Federal Reserve System kept the key interest rate at a record low, from 0.0 to 0.25 percent per annum. At the same time, the Federal Open Markets Committee does not exclude that the key rate will be raised by the end of the year to 0.4 percent per annum. The Fed raised the interest rate... 18.09.2015  09:28