Metallurgy news
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India-based JSW Steel is ready to buy Lucchini assetsIndia's largest private company, JSW Steel Ltd, has made an official offer to Lucchini to buy its assets. At the moment, the proposal is being studied by Lucchini's management and the company has not yet provided comments on the details of the proposal. As you know, Lucchini was the third largest…
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Ukrainian group acquires the leading manufacturer of valves in LatviaThe Ukrainian scrap metal company, KVV Group, has acquired the metallurgical company Liepajas (LM), a Latvian manufacturer of fittings. The transaction amount is 107 million euros. LM ceased production at the facility last May and put the factory up for sale earlier this year and has reportedly…
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Hebei proposes to build an electrometallurgical plant in South AfricaHebei Iron and Steel Group (Hebei), the largest steel producer in China, is planning a joint venture in South Africa to build a new plant. The construction of the first stage of the project with a production capacity of 3 million tons of steel will begin in 2015, and the production of the plant may…
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US decides not to impose duties on Turkish exports of steel barsNamik Yekini, Chairman of the Union of Turkish Steel Exporters, said that in order to prevent the export supplies of Turkish producers from decreasing, the Union used all available means, as a result of which the American court agreed with the arguments presented on this issue. He said that he…
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EU stainless steel market under pressure from importsAlthough the European Union has launched anti-dumping investigations into the sale of stainless steel imported from mainland China and Taiwan, some European businesses continue to import stainless steel from Asia, increasing volumes. The main stainless steel manufacturer in China is Baosteel. which…
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INTERPIPE STEEL steel production decreased by 25 percent in January-AugustINTERPIPE STEEL, an electric steelmaking complex for the production of steel pipes and railroad wheels, the Ukrainian company INTERPIPE, announced that from January to August 2014 its crude steel production decreased by 25 cents compared to the same period last year to 609,000 tonnes. The company…
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US imports of oil country tubular goods from South Korea peakedSouth Korea continues to be the top supplier of oil country tubular goods (OCTG) to the United States, according to government data released this week. Figures released for the month of August show that total US imports of oil country tubular goods from South Korea reached 90,590 tons…
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Nickel exports in Russia increased in January-July 2014Russia exported 120,200 tonnes of rough nickel during the first seven months of 2014, an increase of 0.5 percent year over year, according to the Russian Federal Customs Service. In monetary terms, nickel exports from Russia amounted to $ 1.912 billion. The growth in exports was driven by an…
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Long products market will be oversaturated in the short term - IREPASThe International Association of Manufacturers and Exporters of Rebar has published a report suggesting an oversupply in the global long products market, which will emerge in the near future. Companies that are engaged in construction of buildings from metal structures or use long products in their…
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Tata Steel will start production in Kalingi Nagar in 2015Tata Steel announced that it plans to begin phase 2 operations at its steel plant located in Kalingi Nagar, Jaipur, in March 2015. Around the same time, the company is also set to begin production at a ferroalloy plant in the Ganjam area, in Gopalpur. These two projects will provide jobs for 1,000…
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