Metallurgy news

• ThyssenKrupp Raises Full Yearly Sales Forecast The German steel giant has released a performance update for 2014. Heinrich Hisinger, CEO of the company, said: “We have achieved positive net income for the first time in seven quarters. This shows that our performance program is working and our changes in operations have resulted in stronger p... 14.05.2014  09:16

• Metallurgy of Greece has reached a point of no return The local metallurgy of Greece has reached a point that market experts believe led to the closure of companies and is an irreversible milestone, despite efforts to stay alive. The government measures, as it seems to experts, are too small, too late, so employees expect the worst possible... 13.05.2014  11:30

• BHP Billiton Close To Sell Shares In Guinea Mine ArcelorMittal is in talks with Australian mining company BHP Billiton to acquire a stake in a major Guinean iron ore deposit. The deal is valued at $ 500 million and will be completed within a month. BHP has long sought a buyer for its 41.3 percent stake in Mount Nimba, a rich mine on the border... 13.05.2014  10:52

• Japanese metallurgists took a course to intensify foreign expansion Japanese steelmakers, amid a rebound in the domestic market following massive government stimulus, are looking to boost expansion overseas and are now taking over Asia despite an oversupply in the region. The new overseas moves mean major Japanese steelmakers will produce more than half of their... 12.05.2014  12:46

• US KMT recalls duties on welded stainless steel pipes from China The United States International Trade Commission voted to expedite the lifting of its five-year countervailing and anti-dumping duties on China's stainless steel welded pressure pipes. As a result, the Commission wants to determine whether the cancellation of these fees will actually lead to... 12.05.2014  12:15

• ArcelorMittal Europe reports € 58 million in operating profit for Q1 2014 ArcelorMittal Europe generated an operating profit of € 58 million in the first three months of 2014. In the 4th quarter of 2013, operating losses amounted to € 396 million. The restructuring of expenditures, totaling € 302 million, had a positive impact. The improvement was mainly due to higher ... 11.05.2014  12:20

• World iron ore prices may fall below $ 100 Iron ore prices continue to slide lower this week as the Chinese steel market remains sluggish and iron ore miners' inventories have increased worldwide. Steel Index Ltd of 62 percent ore delivered to the Chinese port of Tianjin fell 1 percent over the past week to $ 102.70 per tonne, reaching... 11.05.2014  11:21

• Severstal may sell Dearborn and Columbus steel mills to exit the United States Severstal, the second largest steel producer in Russia, is considering selling its North American facilities. Severstal received offers from two potential buyers, US Steel Corp and Brazilian Companhia Siderurgica Nacional SA. Severstal's operations in the United States are conducted at two steel... 11.05.2014  10:48

• Russia and Serbia will build a gas pipeline to Europe The foreign ministers of Russia and Serbia announced that their countries were ready to build the largest gas pipeline to Europe and confirmed that representatives from Moscow and Belgrade had discussed the Ukrainian crisis face to face. The meeting between Sergei Lavrov and his Serbian counterpart... 10.05.2014  13:28

• Iron ore reserves at a mine in Karnataka have been significantly increased The National Mining Development Corporation has revised its upper estimate for iron ore reserves at its Donimalai mine in Karnataka, owned by state-owned NMDC. It was found that the mine's potential reserves are almost seven times higher than previous figures. The estimated reserves have been... 10.05.2014  13:05