Metallurgy news

• Barack Obama has blocked the assets of a number of Russian officials due to the situation in Ukraine According to the decree of the President of the United States, the property of Matvienko, Surkov, Glazyev, Rogozin and a number of other Russian officials was blocked in connection with the situation in Ukraine. About this report RIA Novosti . Among the Russian officials against whom US... 17.03.2014  15:38

• Uzbekistan launches production of high quality copper pipe Only a few days are left until the first in Uzbekistan plant for the production of high-quality copper pipes will start operating at full capacity. Due to the fact that the colossal pace of construction was used, not even a year has passed from the first day of the construction of the new plant. As... 17.03.2014  14:36

• The state of the pipe market in 2013 and prospects in 2014 In 2013, sales of Russian pipe products increased by 4 percent YoY, mainly driven by higher oil consumption and gas pipeline construction. Throughout 2013, the consumption of seamless OCTG pipe grew, supported by the activities of oil and gas companies and an increase in the share of... 17.03.2014  10:15

• Chinese banks cut loans for the metallurgical sector Growing concerns about the financial health of overblown industries have prompted many banks to cut lending to these sectors by as much as 20 percent. Banking and industry sources say that at the same time, the China Banking Regulatory Commission (CBRC) has called on banks to submit their... 17.03.2014  09:34

• Nippon Steel assesses the impact of new sales tax on demand Japan's largest steelmaker, Nippon Steel & Sumitomo Metal Corp, foresees only short-term impact on demand, not long-term damage from the sales tax imposed in April by the Japanese government as a stimulus, as its new president, Kosei Shindo, withered. Kosei Shindou is currently executive vice... 17.03.2014  09:00

• Cheap imports of hot rolled flat steel from China replace plates from Europe Slab sales in Europe have suffered recently due to aggressive offers of hot-rolled plates from China. Some of the Italian flat products manufacturers have already stopped buying plates in Europe and are buying HRP from China as the price is almost the same. Slabs can now be purchased for around... 16.03.2014  18:54

• Steel prices in China fall for the second week in a row The world's largest steel market in China fell all last week amid uncertain prospects, weak commodity prices, high inventories and overproduction of steel products . On March 14, 2014, hot rolled coils with a thickness of 4.5-12 mm were sold in Shanghai for 3.330-3.350 yuan ($ 543-546) per ton.... 16.03.2014  16:34

• ArcelorMittal to invest $ 15 million in specialty steels in Brazil ArcelorMittal is investing $ 15 million in its Brazilian facility next year to establish a production of special high-strength steels for the automotive industry. ArcelorMittal's advanced high-strength steel production will be based on its flat mill at its Vega do Sul facility in Santa Catarina... 15.03.2014  09:18

• Rising copper prices According to analysts at UBS, the largest financial conglomerate, after the copper price plunged to a 4-year low, it can finally find support. Modern copper metallurgy depends on many factors, including market relations with China. The fall in prices, as you know, was caused by fears of a... 15.03.2014  07:56

• Rinat Akhmetov's statement Dear fellow countrymen! A tragedy happened in our city yesterday. People of different political views could not contain the aggression. As a result, dozens of victims, a young man, Dmitry Chernyavsky, died. My deepest condolences to his family and friends. No policy justifies the sacrifice. And... 14.03.2014  14:34