Metallurgy news
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Outokumpu Stainless Fuel Tank Wins ISSF AwardThe Outokumpu designed stainless steel tank won the International Stainless Steel Forum (ISSF) Best Design Award at the ISSF Annual Conference in Hong Kong, China. The International Stainless Steel Forum (ISSF) is a research and development non-profit organization that was founded in 1996 and…
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TMK Announces 1Q 2015 ResultsPipe Metallurgical Company (TMK), one of the leaders in the global pipe production, in Q1 2015 compared to Q4 2014: Reduced pipe sales by 19 percent to 1,004 thousand tons. Seamless pipe sales volumes declined 10 percent to 630 kt, mainly due to lower sales of industrial and other pipes in the…
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Global steel production continued to fall in April 2015According to the latest statistics released by the World Steel Association, the 65 member countries' crude steel output was 135.407 million tonnes in April this year, down 1.7 percent from 137.778 million tonnes in the same month. last year. The total production of crude steel in the EU-28…
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Metalloinvest results for Q1 2015In the first quarter of 2015, the world's leading manufacturer Metalloinvest achieved net income of $ 177 million, compared with a net loss of $ 542 million in the previous quarter. As of March 31, 2015, the company's total assets were $ 7,016 million, down 3.4 percent from $ 7,266 million at…
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Kobelco bets on high demand for aluminum sheet from Japanese automakersKobe, also known as Kobelco, is a leading supplier of aluminum and steel sheet to Japanese car and auto parts manufacturers. The third largest steelmaker in Japan, Kobe, operates in nine segments and steel will only contribute about 20 percent of this year's profit. Kobelco expects higher demand…
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NLMK Consolidated Results for 1Q 2015During Q1, NLMK Group's steelmaking capacity was operating at 96 percent. Net income rose 39 percent on a quarterly basis and 85 percent on an annualized basis to $ 321 million. In Q1 2015, steel production declined to 3.87 million tonnes, down 6 percent qoq and 1 percent year-on-year. This is due…
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The global zinc market was in surplus in Q1 2015The latest statistics published by the International Lead and Zinc Research Group (IGISC) indicate that the global zinc market had a surplus of 140,000 tonnes in the first quarter of this year. Total zinc stocks on the London Metal Exchange (LME) decreased by 180 thousand tonnes during the quarter…
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Russian exports of stainless steel fell in January-AprilIn the first four months of 2015, Russia exported 927 tonnes of stainless steel, which represents a 67 percent drop in export shipments year on year, according to the Special Steels Association. Russian exports of stainless products also decreased during 2014 by 31.2 percent to 8647 tons, compared…
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Chinese steel mills triumph in EuropeThe European Union is fighting a tough fight against dysfunctional steel demand in the end-use segment as the economy struggles to survive and even grow in some countries. A sharp drop in industrial growth and demand from key consumers of the metal, namely construction and auto production, worsened…
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Ferrous scrap market statistics - BIRThe Bureau of Recycling International (BIR) has published a report: "World Steel Recycling in Figures". The report was presented at the World Recycling Convention in Dubai and provides a comprehensive analysis of scrap metal markets around the world. According to the report, global crude steel…
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