Metallurgy news
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Iran replaces India as largest DRI producer in April 2014Worldsteel announced that DRI (Direct Reduced Iron) production in 14 countries, which produced 87 percent of the world's total last year, fell by almost 6 percent YoY in April 2014 to 4.839 million tonnes. However, sponge iron production for the period from January to April 2014 was 19.095 million…
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APEA confirms packaging recycling trends in EuropeAPEAL, the Packaging Association of European Steel Producers, shows that 2.7 million tonnes of steel containers were recycled in 2013, which corresponds to an average rate of 74% in Europe. This confirms the long-term trends in packaging recycling in Europe. The recycling rate of steel containers…
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Iron ore prices rebounded slightly in response to threats of a strike at Port HedlandIron ore prices have returned to reasonable levels after hitting a nearly two-year low earlier this week. This is due to a warning from the largest iron ore miner BHP Billiton. BHP Billiton said further reductions in the price of iron ore would lead to a strike by port workers. The action potential…
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Metinvest begins reconstruction of a furnace at AzovstalMetinvest Group announced that it will invest about $ 1 billion in the reconstruction of blast furnace No. 4 at the Azovstal metallurgical plant, and from May 15, modernization and reconstruction of the furnace began. After the reconstruction, the blast furnace will meet the highest international…
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NLMK Announces 1Q 2014 US GAAP ResultsNLMK, a leading steel producer, announces 1Q 2014 consolidated results in accordance with US GAAP. The Group's steelmaking capacity was operating at 92 percent. Steel sales reached 3.866 million tonnes (+ 8 percent qoq); revenue was $ 2,638 million (+5 percent qoq); net income was $ 174 million…
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Oligarchy won in UkraineThe announcement by Ukraine's richest man to hold demonstrations against separatists has met with mixed reactions from his own workers, many of whom have remained in their jobs. Despite the fact that steelworkers in Mariupol partly joined the anti-separatist actions, the miners refused to take part…
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Outokumpu modernizes stainless plate production in SwedenOutokumpu, the world leader in stainless steel, celebrated the completion of a € 100 million investment to modernize its production facility, including a plate mill, in Degerfors, Sweden. The investment is designed to help improve economic performance throughout the entire manufacturing process and…
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Tenova and Danieli Teamed up with Nippon Steel to Create New TechnologyTenova and Danieli have entered into an agreement with Nippon Steel to combine their Energiron DR technology with optimized blast furnace technology as well as high efficiency coal gasification and gas recovery technologies. Combined, the two key areas will provide technology integration in…
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Putin in China on a state visitRussian President Vladimir Putin arrived in Shanghai ahead of the summit, which aims to deepen ties between Russia and China. The two countries will make "substantive" statements and sign important agreements, Xinhua reported. The countries are also planning to start joint military exercises with…
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Iron ore prices retreated to double digitsIn China, which is the largest consumer of steel, there is strong pressure on steel product prices amid huge overcapacity, pushing the price of iron ore below $ 100. The last time iron ore prices fell below $ 100 in September 2012, they stayed below that level for two weeks. Aside from this rapid…
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