Metallurgy news

• Praxair has signed a gas supply contract with a new steel mill in Brazil Praxair Inc has signed a long-term contract for the supply of industrial gases to a new steel mill that is being built near the port of Pesem in the international free trade Area in the state of Ceara, located in the northeastern region of Brazil. This is reported in tekna.by . The plant will be... 31.01.2014  11:25

• The U.S. Antimonopoly Service has granted ArcelorMittal permission to deal with ThyssenKrupp On January 30, 2014, the U.S. Antimonopoly Service approved the completion of the acquisition of the ThyssenKrupp metallurgical plant in Alabama by the conglomerate ArcelorMittal and Nippon Steel & Sumitomo Metal. "The period set aside by the Hart-Scott-Rodino Antitrust Improvements Act (HSR)... 30.01.2014  18:12

• The price of sheet steel in China will rise to $ 560 per ton Steel prices will rise in China after the New Year holidays. According to YECH CORP, the prices of sheet steel in Taiwan will rise especially strongly due to the fall in the exchange rate of the local currency. Recently, flat rolled products in Taiwan have been offered at 550 – 555 US dollars, ... 30.01.2014  17:49

• FIIs Holding is interested in Indian steel companies Shares of Indian steel companies have reappeared on the radar of FII's foreign institutional investors, who are gradually increasing their stakes in companies such as Tata Steel and SAIL. The data provided for the last quarter, which ended in December 2013, shows that almost all major steel... 30.01.2014  13:06

• The price of steel billets in the CIS has fallen by 10-15 dollars per ton Over the past week, the supply and sale of blanks from most CIS plants decreased in price by $ 10-15 per ton. The increase in scrap stocks from leading manufacturers has led to a decrease in scrap prices of $10-15 in addition to the slow market in the Middle East region. The current supply... 30.01.2014  12:29

• The collapse of the lira forces Turkey's steel mills to go into hibernation The sharp devaluation of the lira against the US dollar is already putting strong pressure on the Turkish long products market. Since mid-December 2013, the national currency has lost about 1,296 units, of which 696 in the past week alone. In this situation, the demand from trading companies and... 30.01.2014  11:28

• ArcelorMittal supplies steel for the eighth Wonder of the world More than 18,000 tons of reinforcing steel produced by ArcelorMittal Annaba in Algeria is currently being used to build the foundation for the 1.2 km viaduct in Constantine, in northeastern Algeria. Thanks to the seven bridges currently connecting Constantine, which is also known as the "city of... 29.01.2014  15:42

• Metinvest has reached a historic high In 2013, the GOKI of Metinvest Severny, Tsentralny and Inguletsky produced 34 million 140 thousand tons of marketable products, demonstrating the highest production figures over the past 7 years. This was reported by the Metinvest press service today. "The highly efficient operation of... 29.01.2014  15:42

• Canadian legislation is aimed at eliminating bureaucratic red tape for businesses Canadian steel producers, distributors, and buyers of imported steel and steel products are no longer required to obtain separate permits to conduct their business. Instead, they use a general import permit, which eliminates the need to issue at least 270,000 permits per year. The new... 29.01.2014  14:42

• POSCO completes second metallurgical plant in Mexico POSCO, the world's largest steel producer, has launched its second automotive steel plant in Mexico. The company hopes to take advantage of the potential of the new facility in meeting the growing automotive industry in the region. POSCO also said that the new plant will serve as a so-called export... 29.01.2014  09:21