Metallurgy news
-
South Korean scrap imports rose 5.2 percent in JulyAccording to the updated data, South Korea's scrap imports during July this year increased slightly compared to the previous year. However, imports of scrap steel in the country decreased in the first seven months compared to imports during the corresponding period last year. The total volume of…
-
US steel shipments rise 2.4 percent month-over-month - AISIThe latest report released by the American Iron and Steel Institute (AISI), an association of North American steelmakers, noted that US steel shipments rose 2.4 percent in July 2014 from the previous month. In addition, shipments in July this year were up 2.6 percent from the same month the…
-
Japanese and Indonesian companies set up a joint venture to build a steel plantIndonesian steel company PT Krakatau steel and Japanese company Osaka Steel signed a declaration on a new joint venture, PT Krakatau Osaka Steel. The deal was signed by the presidents of the companies who consider the creation of the joint venture very timely, as there is an increase in demand for…
-
The collapse of iron ore prices requires sacrificeThe continuing decline in prices since the beginning of this year has been 38 percent and the price of iron ore has slipped to $ 83.60 per tonne. Against this background, takeover deals have emerged, which now also raise doubts. And Chinese mines are on the verge of shutting down due to high…
-
Taiwan's Feng Xin keeps rebar prices and scrap steel unchangedTaiwan's largest producer of long products, Feng Xin Steel, has decided to keep prices for rebar and long products at the level approved at the beginning of September unchanged. The company also announced that it plans to keep its scrap purchase prices unchanged for several weeks. According to a…
-
Debt of Chinese steelmakers is approaching a critical levelThe first six months of 2014 were not easy for the Chinese economy, which was on a slowdown path. And for the steel companies in China, the situation was even more difficult. More than half of the Chinese steel companies, summing up the first half of the year, found that their debts had reached…
-
Ukrainian crude steel output fell in the first 8 monthsSteel production in Ukraine was 19.69 million tonnes in the first eight months of 2014, down 11 percent from the same period last year, according to data released by the Ukrainian Producers Association Metallurgprom. During this period, the output of finished steel products in the country also…
-
Metalloinvest achieves robust performance amid adverse conditionsThe financial results for the second quarter, published by the Russian group Metalloinvest, show that its revenue was $ 3,533 million, down 7.7 percent year-on-year, its EBITDA (earnings before interest, taxes, depreciation, etc.) depreciation) reached $ 1,087 million, down 11.6 percent in the same…
-
Nippon Steel and Sumitomo Opens New Plant in ChittagongJapanese corporation Nippon Steel and Sumitomo Metal inaugurated a plant in Bangladesh to capture the burgeoning domestic market. Construction of the Chittagong plant began in December 2013 as a 50/50 joint venture with local McDonald Steel Building Products Limited. The new plant will supply…
-
In Russia, the volume of exports of metals increased by 7.5 percentAccording to the Goskomstat of Russia for the first seven months of 2014, the volume of exports of ferrous metals in Russia increased by 7.5 percent to 22.861 million tons. In monetary terms, the total amount of exports amounted to $ 12.1 billion, which is 4 percent more compared to the same period…
Pages
← previous
next →
