Metallurgy news

• Air Liquide signs contract with ThyssenKrupp Steel Europe Strengthening its position in Germany, Air Liquide has signed a major long-term gas supply contract with ThyssenKrupp Steel Europe AG in the Rhine-Ruhr region, one of the largest and leading industrial pools in Europe. The contract includes 4,600 tonnes of oxygen per day, plus nitrogen and... 12.02.2014  10:08

• NLMK Group enters a new phase of growth with the launch of Strategy 2017 NLMK Group, the largest steel producer in Russia and a leading international steel company, announces the launch of its Strategy 2017, symbolizing a new stage of development. Strategy 2017 envisages generating net income of US $ 1.0 billion per year and investments of US $ 1.6 billion. The 2017... 12.02.2014  09:28

• The hryvnia fell to the lowest official level After weeks of intervening in foreign exchange markets in an attempt to keep the currency stable, the Central Bank of Ukraine depreciated the exchange rate of the national currency, and imposed capital controls, including a ban on the purchase of foreign exchange for foreign investment. By the... 11.02.2014  11:42

• Chinese steelmakers hit record profits in 2013 According to the China Steel and Steel Industry Association (CISA), China's total profit in 2013 jumped to 22.9 billion CNY, well above the meager 1.6 billion CNY of 2012. At the same time, the steel industry must prepare for long-term challenges in the face of skyrocketing material costs and... 11.02.2014  10:51

• European factories hit by imports from Eastern Europe and China Prices for rolled steel and other metal products tend to decrease due to imports from Eastern Europe. Reinforcing bars from Poland, bars from Italy, hot rolled HRC and cold rolled CRC sheets from Russia are some of the contributing factors that negatively affect the viability of factories in... 11.02.2014  10:25

• SAIL Bokaro aims to increase production to 14 million tonnes by 2025 Despite last year's recession, Bokaro Steel Limited (BSL), one of SAIL's five plants with a production of 4.5 million tonnes, hopes to reach 14 million tonnes of steel products by 2025. This requires a jump of 10 million tonnes at the existing hot metal facility and related steel and rolling... 10.02.2014  14:34

• Zaporizhstal reduced the use of natural gas by a third The Zaporizhzhya Metallurgical Plant Zaporizhstal, a member of Rinat Akhmetov's Metinvest group, in 2013 reduced natural gas consumption by 29 percent to 236 million cubic meters. This was reported by the press center of the plant. Such significant energy savings became possible due to the... 10.02.2014  13:53

• Russia does not rule out the possibility of a number of major bankruptcies in the metallurgical industry During the presentation of his new strategy until 2017, the owner of the largest steel producer in the Russian Federation, the NLMK Group, Vladimir Lisin, said that soon it would be necessary to use the bankruptcy mechanism in relation to inefficient companies in the industry. There will not be... 10.02.2014  13:44

• Gazprom discusses expansion of Nord Stream Gazprom CEO Alexei Miller met with Matthias Warnig, Managing Director of Nord Stream AG, to discuss the possibility of expanding the Nord Stream gas transmission system along the bottom of the Baltic Sea. This would mean building one or two additional threads. Gazprom reviewed the results of a... 10.02.2014  13:15

• Italian firm Danieli wins key order from Jindal Shadeed Italian firm Danieli has won a US $ 100 million order to supply equipment for the new Jindal Shadeed Iron and Steel facility in Sohar. The agreement is part of a project with Jindal Shadeed to build a steel smelting and processing plant in Oman, with a total investment of $ 200 million. Renato... 10.02.2014  09:10