Metallurgy news
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China plans to increase the use of clean energyChina is going to accelerate policies to promote clean and renewable energy sources and strengthen the fight against overproduction in polluting industrial sectors. Overcapacity remains a problem in a number of sectors, including metallurgy, so additional measures will be taken to encourage mergers…
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It's a fantastic time for the Russian steel industryThe depreciation of the ruble, which led to a deterioration in the economic situation for many Russian enterprises, but not for all. The country's steel mills suddenly found themselves in the most favorable conditions among other world producers. Steel producers, including OJSC Novolipetsk…
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UK Reports Potential Problems When Welding Chinese Structural SteelThe UK Steel Industry Association has issued a safety warning regarding the use of imported Chinese steel products. According to the notice, imported steel plates and sections from Chinese manufacturers do not fully meet the specified standards. It should be noted that the association issued a…
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Stainless Steel Exports Rise in JapanAccording to the latest figures released by the Japanese Ministry of Finance (MOF), the country has seen an increase in stainless steel exports since the beginning of 2015. Export of stainless products increased slightly compared to export during the last month of last year. Stainless steel exports…
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Ilyich Iron and Steel Works installed a Thermatool HF generator in a pipe electric welding shop by videoconferenceAt the plant them. Ilyich, despite the crisis situation in the metallurgical industry, it was possible to implement another large investment project. This was announced by the general director of the Ilyich Iron and Steel Works Yury Zinchenko. A new modern transistor HF generator manufactured by…
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China cuts lending rates amid weak demand and deflationChina's central bank cut interest rates for the second time in less than four months, a new sign that the country's leadership is acting more aggressively in an attempt to curb economic growth. The Chinese government is expected to present its 2015 growth forecast of about 7 percent, up from 7.5…
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Final data on Russian exports of ferrochrome alloys for 2014According to statistics, exports of low-carbon ferrochrome alloys increased by 10.5 percent over the previous year and totaled 216,849 tonnes in 2014. Russian exports of these products totaled 196,216 tons in 2013. Exports to Japan, Holland and China increased significantly over the year, while…
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Prospects for recycling electronic scrap in EuropeThe European Electronics Recycling Firms Association (EERA) says the electronic scrap recycling sector in the region is currently facing challenges. EERA General Secretary Norbert Zonneveld noted that many of the member firms are struggling to survive in the current market situation. He noted that…
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Steel exports from Ukraine and Russia cause concern in the global marketThe increase in steel exports from Russia and Ukraine has led to an oversupply in the international market, which has long struggled with the abundance of Chinese exports. Producers in Asia and Europe are facing challenges due to increased imports of cheap steel from Ukraine and Russia along with…
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Turkish company Icdas will add a blast furnaceA leading Turkish manufacturer of rebar and rods plans to build a 2,800 cubic meter blast furnace at Canakkale in the western part of the country. The estimated cost of the project is $ 600-700 million. The company's investment manager Ulvi Gunduz said that “the company is currently receiving…
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