Metallurgy news

• Severstal reached an agreement to sell Dneprometiz PJSC Severstal announced that its Austrian subsidiary Severstal Trade Gmbh has entered into a definitive agreement to sell PJSC Dneprometiz to a German private company. An interesting fact is that Dneprometiz was created in 1890 by the Joint Stock Company of Steel Mills, which belonged to the... 11.12.2014  12:30

• Ports of Brazil and China have signed an agreement to increase the processing of iron ore Vale's mining terminal in the port of Ponta da Madeira, located in northeastern Brazil, and the Chinese port of Qingdao have signed a cooperation agreement to boost iron ore processing operations, Vale said. The agreement "paves the way for increased trade in iron ore between the Brazilian port... 11.12.2014  07:38

• TMK Eurobonds hit by ruble fall TMK bonds may continue to fall due to investor concerns about the ability of Russian companies to refinance debt spreads of the banking industry. The revenues of the largest pipe manufacturer with production facilities in Russia, Kazakhstan, Romania and the United States are in rubles, and costs... 10.12.2014  12:20

• Japanese Metallurgists Support Nuclear Expansion Nuclear power, which accounts for nearly a third of Japan's electricity production, has been identified by Japanese Prime Minister Shinzo Abe as an important source of "base capacity." Even after public outcry over the Fukushima accident, Abe insists that nuclear power will continue to play an... 10.12.2014  11:02

• Mechel 9M 2014 Financial Results Mechel OAO, Russia's leading mining and metallurgical company that unites producers of iron ore and coal, steel, rolled products and ferroalloys, as well as electricity and heat, has announced its financial results for 9M 2014. Oleg Korzhov, General Director of Mechel OAO, said that this year... 10.12.2014  10:08

• Demand for high grade aluminum alloys is growing Shandong Nanshan Aluminum Co, an aluminum company, expects increased demand for high-grade aluminum alloys used in high-speed rail, aerospace and transportation sectors. The company is building an aircraft material industrial park that will be used by internationally renowned aircraft... 09.12.2014  19:20

• Stainless steel production in Russia responds to domestic demand According to the statistics of the Association Spetsstal, the production of stainless steel in Russia in January-October 2014 amounted to 103,200 tons, which is 19.8 percent lower compared to the same period last year. From January to October 2014, the production of stainless flat steel in... 09.12.2014  11:29

• Steel exports from China hit a new record Export deliveries of steel from China in November 2014 increased by 14 percent over the month and amounted to 9.72 million tons. Total exports in the first 11 months of 2014 reached 83.6 million tons, up 47 percent over the same period last year. Chinese steel mills have stepped up their steel... 09.12.2014  10:03

• Metinvest's position on the Ukrainian steel market According to the Metinvest group of companies, in 2015 its Ukrainian market for rolled metal products will decline by 15 percent. Dmitry Lippa, CEO of Metinvest Service Center Network, said: “We believe that the rolled steel market will continue to shrink in 2015 and will decline by 15 percent Y... 08.12.2014  11:31

• The fall of the ruble helps Russian metallurgical plants Russian metals and mining companies are avoiding a wide sell-off of their shares as a weaker ruble helps boost their export earnings. "Metallurgical and mining companies almost doubled their revenues due to the weakening ruble," said Kirill Chuiko, head of the financial group for stock market... 08.12.2014  10:40