Metallurgy news
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Bavaria seeks a close partnership with RussiaBavarian Prime Minister Horst Seehofer was received by Vladimir Putin on Wednesday at his residence in Novo-Ogaryovo. As part of the visit, the Prime Minister of Bavaria held meetings with the Minister of Economy of Russia Alexei Ulyukaev, Minister of Industry Denis Manturov and the Mayor of Moscow…
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Oil crash will trigger largest capital movement in human historyThe fall in oil prices has a positive effect on its demand and will lead to the fact that $ 3 trillion. dollars per year will flow from oil producers to global consumers, providing one of the largest transfers of wealth in human history, experts say. If prices average around $ 40 over the next five…
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Iron ore prices may record biggest drop in 2016The average price of iron ore is expected to hit $ 42 per tonne in 2016, down nearly 25 percent when compared to average prices of $ 55.80 per tonne over the past year. According to World Bank forecasts, iron ore prices may experience the largest drop among all metals during the current year. The…
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Global metallurgy may return to growthGlobal metallurgy may return to growth The global steel industry, which saw a drop in production last year, is expecting a slight rebound this year, despite waning Chinese demand and as low metal prices are challenging producers. Global crude steel production will grow 0.15 percent in 2016…
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Moody's downgrades POSCO's rating to negativeGlobal ratings agency Moody's Investors Service said Tuesday that it downgraded POSCO's rating outlook to negative from stable, citing its sluggish 2015 earnings and continued oversupply in the Asian steel industry. POSCO, South Korea's largest steelmaker, suffered a net loss on a consolidated…
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PJSC "Zaporizhstal": production results in January 2016In January 2016, PJSC Zaporizhstal registered an increase in pig iron production by 5.8%, steel - by 2.4%, rolled products - by 0.8% compared to the same period in 2015. In January 2016, 345.6 thousand tons of pig iron, 354.2 thousand tons of steel, 301 thousand tons of rolled products were…
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Nippon Steel buys its rival Nisshin SteelJapan's largest steelmaker, Nippon Steel & Sumitomo Metal, announced today that it is looking to acquire its rival and fourth in the sector, Nisshin Steel. This acquisition will give the company control over about half of the domestic market. Nippon Steel is already the majority shareholder of…
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China's steel sector suffers lossesThe dramatic changes in China's steel industry reportedly resulted in losses for more than half of the largest producers in the past year. The country's metallurgy, which accounts for more than half of world production, last year for the first time since 1981 reduced steel production by 2.3…
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Toyota plans to stop production in Japan for 1 week due to steel shortageToyota Motor Corp says it is forced to halt production at all car assembly plants in Japan between Feb. 8 and Feb. 13 due to a steel shortage following an explosion at one of its steel mills. The largest automaker reported on Saturday that it exploded at its Aichi Steel Corp plant that makes steel…
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Middle East steel production declined 2.4 percent in 2015The increase in crude steel production in the UAE was unable to compensate for the decline in steel production in other countries in the region, so the output for 2015 decreased slightly. Crude steel production in the Middle East declined 2.4 percent in 2015. Output during the year was 27.371…
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