Metallurgy news
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Saudi Arabia offers cheaper gas to steel producer Al TuwairqiAfter the Pakistani government refused to supply gas at a preferential price to Tuwairqi Steel in Pakistan, the Saudi Arabian government is seeking to provide the holding with cheap gas. Moreover, this price is lower than the steel manufacturer demanded from the Pakistani government Tuwairqi Steel…
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TMK Announces Operating Results of its Russian Division for 2014TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry and industrial use, operating at 28 production sites in Russia, Romania, USA, Canada, Oman, United Arab Emirates, Kazakhstan, reported its results for the 4th quarter and the whole of 2014. In 2014, the…
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In the European Union, steel distributors are skeptical about price increasesMany German steel buyers believe that the case for higher base prices for flat products is not convincing given that raw material prices have fallen. In addition, there are attractive offers for imports from third countries, and due to the euro /dollar exchange rate, supply still exceeds demand…
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World steel production grew by 1.1 percent in 2014According to the latest statistics released by the World Steel Association, steel production from the 65 member countries reached 1,636.960 million tonnes in 2014, a slight increase of 1.1 percent over 2013 production. The total steel production of the EU-28 countries during 2014 was 169.243…
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USA breaks records for steel importsAlthough official figures have yet to be released, Thomas Gibson, president of the American Iron and Steel Institute (AISI), said the United States imported a record amount of steel last year. Imports to the country accounted for the largest market share of steel ever purchased. After calculating…
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Italy takes control of the Ilva steelworksThe Italian government has taken full control of the controversial Ilva steelworks, which is one of the country's main steel producers. The government hopes to keep the plant. Federica Guidi, the country's industry minister, signed a document on the status of a steel mill, which is considered the…
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Scrap metal import prices recovered in TurkeyAfter several months of price declines, ferrous scrap showed signs of rising import prices in Turkey in early 2015. However, the slight recovery seen in Turkey has not been reflected in other parts of the world, especially in the Far East region. According to the latest data on Turkish imports, the…
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Chinese steel exports exceeded 10 million tonnes in a month for the first timeAccording to data published by the Chinese customs administration, in December 2014, the volume of exports of steel products from the country exceeded 10 million tons. Exports of metal products in December amounted to 10.170 million tons. This is almost 5 percent up from the previous month and…
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Copper production decreased in Kazakhstan in 2014The latest data released by Kazakhstan's Statistics Department shows that the country's refined copper production has declined sharply year on year. In 2014, the production of refined copper in Kazakhstan amounted to 293,948 tons, which is 16.5 percent less compared to the output of 352,034 tons in…
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Severstal certified valves for supplies to Finland and other Baltic countriesSeverstal, one of the world's leading producers of steel and steel products associated with mining companies, has received the SFS1268 certificate authorizing the company to supply rebar to Finland and the other Baltic countries, where there is a high demand for these steel products. To date…
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