Metallurgy news

• Steel prices showed weak revival in the EU amid weakening euro Steel imports in the Euro zone rose slightly as the Euro lost 2.5-3 percent against the dollar. In addition, there was some resistance from Russian suppliers. Currently, domestic demand is gaining momentum. However, the general mood remains disappointing and buyers are looking forward to future... 06.06.2014  11:18

• Urgent action to be taken to rebuild Italian steelworks Ilva The Italian government plans to find a new leader for the troubled Ilva steel mill. Stakeholders warned that due to the hype, the plant has failed to attract the investors it needs to protect jobs in the economically underdeveloped south. This was reported in rustehprom.ru a supplier of... 05.06.2014  12:57

• US car sales hit 9-year high in May Buoyant demand for SUVs and pickups pushed US car sales to a 9-year high in May this year. Chrysler, Nissan and Toyota had double-digit sales gains over the previous year. Even General Motors, fighting its competitors, posted an astonishing 13 percent increase in sales. Ford's sales were up 3... 05.06.2014  11:38

• $ 80 a ton of iron ore will lead to the disappearance of many miners - Rio Tinto Iron ore is down more than 30 percent YTD on expectations of falling demand in the markets. At the same time, the decline in demand from China, which accounts for two-thirds of the 1.2 billion tonnes of maritime trade, has been negatively impacted. Now the reserves of imported iron ore in Chinese... 05.06.2014  11:12

• What worries the US steel industry? Steel companies currently continue to make steel, facing an industry surplus. Their products are superior in price, and sometimes inferior in quality, to the rapidly growing manufacturers from China. This has become the reason why domestic consumers are increasingly looking to the East. For US... 04.06.2014  15:17

• POSCO Close to Purchase Dongbu Assets POSCO is expected to take care of a steel mill and power plant owned by troubled Dongbu Steel, a major steelmaker in the country whose technology the government believes must be owned by the country and is therefore obligated to sell its distressed assets. only a South Korean company. Officials... 04.06.2014  12:44

• Brazilian oil giant Petrobras orders OCTG pipe from JFE Steel JFE Steel Corporation announced that it has partnered with Metal One Corporation to receive an order for 280 tonnes of OCTG pipe from Brazil's national oil company Petroleo Brasileiro SA. OCTG pipes will be used at the company's offshore oil project in Brazil. This is the first order received for... 04.06.2014  10:55

• Ossen has several contracts for the supply of coated steel for construction projects Ossen Innovation is one of the leading designers, engineers, manufacturers and marketers of customized solutions and steel materials for concrete structures used in bridge, highway and other infrastructure projects in China, Europe, Asia Pacific and the United States. The company announced that... 03.06.2014  13:36

• US Energy Regulations Could Seriously Hurt Metals Companies The American Iron and Steel Institute (AISI) commented on the US Environmental Protection Agency (EPA) proposal endorsed by President Obama, believing it could seriously harm the country's international steel industry competitiveness. Thomas Gibson, president of AISI, said electricity is one of... 03.06.2014  12:07

• World gold prices are falling Gold prices fell on the London Stock Exchange to 4-month lows at around $ 1,252 an ounce, while new US data showed the largest economy is contracting faster than analysts predicted earlier this year. US GDP contracted 1 percent in Q1, leading to lower bond yields. Deutsche Bank analysts say... 03.06.2014  11:22