Metallurgy news
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South Korean steel exports up 22 percent in July 2014According to the latest statistics released by the South Korean Ministry of Commerce, the country's steel exports increased significantly during the month of July this year. The export value reached $ 3198 million during July. The growth was 22.4 percent compared to the value of exports in the same…
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European factories prepare to take advantage of growing deficit from UkraineMainly producers of HRP hot rolled flat products, want to take advantage of the Ukrainian crisis, which threatens the subsequent lack of HRP supplies, and insist on a significant increase in production. At the same time, it was Europe that strengthened the motivation of Ukrainian metallurgical…
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Steel imports to Japan grow for 8 months in a row amid falling exportsJapan imported 433,000 tons of various steel products in July, showing a record 20.5 percent increase in imports from the previous month. Imports of cold rolled steel products amounted to 85,000 tons; heavy plate steel - 51,000 tons; galvanized steel products - 80,000 tons; hot rolled steel…
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Norilsk Nickel Announces 1H 2014 ResultsOJSC MMC Norilsk Nickel, the largest producer of nickel and palladium, announced interim financial results for the first half of this year.Free cash flow continued to grow in the first half of 2014, increasing ROIC to 20 percent. Consolidated revenues were flat YoY at $ 5.7 billion, driven by the…
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Slab prices will riseAccording to the latest data, prices for steel slabs in Asia have stopped falling and have already jumped. The fact is that the Mariupol Metallurgical Plant in Ukraine canceled orders for slabs for Southeast Asia and Malaysia. Although the operations of blast furnaces in the Donetsk region were not…
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Peru will soon become the second largest copper producer in the worldAccording to senior officials in Lima, the main reason for reaching such heights is China's initiative. Last month, MMG, a subsidiary of China Minmetal, acquired a $ 7 billion stake in the Las Bambas copper mine for the Glencore project in Peru, strengthening ties between the two countries. The…
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Japanese steel mills plan to increase export shipments of wire rod in OctoberThe negotiation process for the export of Japanese-made steel wire, mainly for Asia and the United States, is in full swing. As wire rod exports from Ukraine have stalled and demand from the US industry is strong, Japanese mills are aiming to increase prices. The detailed terms of their offers were…
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ArcelorMittal announces price increasesThe largest steel company in the world, ArcelorMittal, in the fourth quarter of 2014 announced its intention to increase prices for flat products. According to preliminary data, for European consumers it will grow by 20 euros more than the previous one, per tonne. Recall that this enterprise, which…
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Russian metallurgists showed good financial resultsAgainst the background of increased prices and weak global demand, in the second quarter, Russian metallurgists managed to gain profit. The increase in profits was facilitated by the low exchange rate of the ruble and lower prices for raw materials. According to analysts, the rather strong…
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Updated TMK data for Q2 and H1 2014Pipe Metals Group's European operations increased revenue by 7 percent in Q2 compared to the previous quarter to $ 71 million as a result of higher sales of steel billets. Gross profit increased by 11 percent compared to Q1 2014 to $ 15 million. However, in the first half of 2014, when compared…
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