Metallurgy news
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TATA Steel Selected as Supplier for Crossrail Rail ProjectTATA Steel has announced the signing of a prestigious contract for the supply of highly wear-resistant rails for the Crossrail project in the heart of London. The Crossrail route will serve 40 stations and will run more than 100 kilometers from Heathrow in the west, through a new 21 kilometer…
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Steel production decreased in EuropeSteel production across the EU-28 fell 1.8 percent during February 2015 compared to February last year, according to the latest data released by the World Steel Association. A fairly high yield in February was achieved at the expense of Germany. German steel production was 3.512 million tonnes…
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Volkswagen will cut production and jobs at the Russian plant in KalugaVolkswagen said it would allow the layoff of at least 150 workers at a Russian car plant in Kaluga. VW said the plant will operate four days a week from April to July 2015, while the number of shifts will be reduced to two from three in May. The company also said production will be suspended for…
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Asian steel production up 2.7 percent in FebruaryAccording to the latest data released by the World Steel Association, steel output in Asia posted a steady increase of 2.7 percent during February 2015 at an annualized rate. China's total crude steel production in February reached 65.030 million tonnes, up 3.4 percent from 62.890 million tonnes in…
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UK to build a plant to recover precious metals from electronic scrapA syndicate of UK firms led by Swindon, a plasma-based environmental company Tetronics, has announced the construction of a major plasma recycling facility for electronic devices and devices. The project investment is estimated at approximately £ 1 million ($ 1.5 million). The facility will use…
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Ukrainian oligarch calls for nationalization of industrial assetsOne of Ukraine's most powerful oligarchs has called for the nationalization of some of the country's high-value industrial assets, arguing that their privatization was a criminal conspiracy. Ihor Kolomoisky, a billionaire businessman, said that Ukraine should not receive any new funds from the…
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Global aluminum production fell in FebruaryAccording to statistics released by the International Aluminum Institute (IAI), global aluminum production during February this year, excluding China, declined from the previous month. However, compared to the same month a year ago, the output in February 2015 has improved significantly. Aluminum…
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ArcelorMittal invests € 88 million in GermanyThe world's largest steel producer ArcelorMittal considers its site in Germany to be strategically important. More than 7 million tonnes of steel are produced at the group's four German plants in Bremen, Duisburg, Eisenhüttenstadt and Hamburg, representing about 20 percent of the group's European…
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World steel production in February 2015 slightly increased year on yearWorld crude steel production for the 65 countries reported by the World Steel Association (Worldsteel) was 128 million tonnes in February 2015, up 0.6 percent from February 2014. Worldsteel reports that the crude steel capacity utilization rate for 65 countries in February 2015 was 73.4 percent…
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China plans to tackle steel industry overcapacity by 2017The Chinese government will speed up overhauls and increase investment in the metals sector to bring it back to a well-balanced level by 2017. The draft, published by China's Ministry of Industry, says it plans to bring profit margins and asset returns to a reasonable level, with more than 80…
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