Metallurgy news
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Volkswagen received serious government supportThe German Ministry of Economy, distributing taxpayers' money, has already directed public funds to the German automaker Volkswagen, and given the scandal with falsified emissions, now it is wondering: how good are these investments? Thus, Volkswagen AG receives about 15.4 million euros in…
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Japan's metallurgy remains stable despite fires and low pricesMoody's rating agency believes that the country's two largest steel producers - Nippon Steel & Sumitomo Metal (NSSM, A3 stable) and JFE Holdings, Inc (JFE, Baa1 stable) - will be able to maintain their credit level for the next 12-18 months. because companies' efforts to cut costs partially offset…
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NLMK modernizes production at its metal processing plant in VeronaThe steelmaking plant NLMK Verona, which is part of the NLMK Europe Tolstoy Liszt division, has put into operation the pressing equipment, which has been improved as part of the modernization program. The implementation of the project is aimed at expanding the range of products, reducing production…
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EU steel production in AugustCrude steel production in the EU-28 was stable, albeit marginally, by 0.1 percent during the month of August on an annualized basis, according to the latest data released by the World Steel Association. The region's steel output for the month amounted to 12.150 million tons. Germany recorded the…
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Obama's secret meeting with PutinFor the first time in more than two years, a political conversation took place on the sidelines of the UN General Assembly in New York between US President Barack Obama and Russian President Vladimir Putin. In accordance with the statement of the US government, the meeting focused mainly on the…
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Baosteel starts production at new plant in ZhanjiangBaosteel commenced steel production at a new facility in China's southern port city of Zhanjiang, even as steel prices plummeted amid sluggish demand in the country, which is experiencing the slowest economic growth rate in 25 years. Blast furnace # 1 was lit at the new plant on Friday, designed to…
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The global nickel market records a deficit during January-July 2015Global nickel demand slightly exceeded production in the first seven months of this year. The global nickel market ended with a slight deficit of 16,000 tonnes in January-July 2015, showing a clear superiority in demand over production. The estimated surplus for the whole of 2014 was 241,800 tons…
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German companies oppose sanctions against RussiaIt would be extremely beneficial for the German economy to end sanctions against Russia, as German companies need to trade with Russia. First of all, this concerns the German automotive industry, which cannot do without an important Russian market, especially after the Volkswagen VW scandal. “We…
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ArcelorMittal expands capacity of its pipe plant in MexicoArcelorMittal has announced a $ 11.1 million investment in a pipe facility in Monterrey, Mexico, to improve its ability to provide products to the North American automotive market. The investment will go towards creating additional world-class tubular products to further reduce the cost of the…
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Steel exports from China may exceed 100 million tons this yearChina's total steel product exports are likely to surpass 100 million tonnes this year, Wang Likun, vice chairman of the China Iron and Steel Association, told reporters. Overseas markets have provided survival for Chinese steelmakers struggling with overproduction and weak domestic demand. During…
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