Metallurgy news

• Foreign companies line up after sanctions lifted against Iran The adopted preliminary agreement on Iran's nuclear program provides a start for Western business groups to rapidly enter a potentially huge and undeveloped market. Energy and transportation companies are literally lining up to capitalize on changes in trade relations. Oil and gas companies were... 03.04.2015  13:00

• Russia ready to help Pakistan's steel plant Pakistan Steel Mills, headquartered in Karachi, built with the participation of the Soviet Union in 1970, is the largest industrial plant with a production capacity of 1-5 million tons of steel and iron foundries. Now the plant is unprofitable and suffers from disputes arising in connection with... 03.04.2015  12:25

• Chinese factories modernize order book - Newssummary Some large Chinese steel mills are making significant efforts to modernize their product portfolios in response to the elimination of inefficient capacity, the One Belt and One Road project, the expansion of rail links with Russia, and other favorable Chinese policies. The rapid development of... 02.04.2015  13:21

• Will copper prices continue to rise? Copper prices have continued to rise since the beginning of the year, helped by the Chinese government's stimulus measures. Prices on the Shanghai Futures Exchange registered a 1.98 percent gain, while copper on the London Metal Exchange (LME) rose 1.7 percent in three months. Most analysts are... 02.04.2015  12:29

• Tata Steel acquired Nordic Service Centers from SSAB Tata Steel completed the acquisition from SSAB (Sweden) of two service centers and 50 percent of a third service center, in which the company already owns 50 percent. Tata Steel acquired SSAB's service centers in Halmstad in Sweden and Naantali in Finland, as well as the remaining 50 percent of... 02.04.2015  11:57

• US government moves away from green electronics standards The White House has issued a new federal development practice directive that markedly weakens the need for federal electronics purchases to comply with EPEAT standards. The standard promotes the development of green electronics, including the recovery and reuse of many types of devices. EPEAT, a... 01.04.2015  12:52

• EVRAZ announces $ 200 million investment in EVRAZ Regina EVRAZ North America announces its intention to make its largest investment, approximately $ 200 million, in its Western Canada steel production EVRAZ Regina (formerly known as IPSCO). In the next two years, investments will be directed to the installation of a new two-stage large diameter pipe... 01.04.2015  10:53

• Ukraine extends VAT exemption for scrap metal until 2017 The Cabinet of Ministers of Ukraine extended the resolution that defines the list of operations with scrap of ferrous and non-ferrous metals, in particular, imports and exports, which are exempt from value added tax until January 1, 2017. The amendments provided for in the Resolution of the... 01.04.2015  09:56

• Aluminum price will average $ 1840 per ton in 2015 - Natixis The French bank Natixis in its latest report predicts the price of aluminum on the London Metal Exchange (LME) to average about $ 1840 per tonne in 2015, and an average of about $ 2,000 per tonne in 2016. In its H1 2015 metals survey, Natixis predicts a tug of war between positive and negative... 31.03.2015  11:06

• Hyundai Motor to merge steel subsidiaries Hyundai Motor plans to merge its two steelmaking subsidiaries Hyundai Steel and Hyundai Hysco next month. Both companies will hold meetings of directors and shareholders to approve the deal. The combined structure will have an annual production capacity of 30 million tonnes of steel products,... 31.03.2015  10:36