Metallurgy news
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Russian Steel announces results for March and 1Q 2014Russian Steel, a non-profit partnership, produced 4.7 million tonnes of finished steel in March 2014, increasing output by 0.5 percent compared to March last year and 11 percent compared to February this year. During the first quarter of 2014, the production of finished rolled products, which…
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POSCO dismantles and sells FINEX facilityThe world's largest steelmaker plans to export its FINEX steel mill upon completion of its operation, following the full operation of its FINEX plant # 3. With this move, POSCO plans to intensify its financial restructuring by raising profits while at the same time adjusting domestic steel…
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Kobe Steel announces the start of operation of a new hot metal cleaning complexKobe Steel Limited commissioned a new hot metal cleaning station in April at its Kakogawa facility in western Japan. The company built the facility to improve the manufacturing system at Kakogawa and expand sales of high quality steel products and increase its cost competitiveness. Hot metal…
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OJSC Novolipetsk Metallurgical Plant increased sales in the 1st quarterOJSC Novolipetsk Iron and Steel Works reported that in the first quarter of 2014 its capacity utilization rate remained at a high level of 92 percent. The utilization rate at the main plant, NLMK, was 98 percent. Scheduled repairs are expected at the Lipetsk site in the second quarter. Meanwhile…
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US enters rules to resolve disputes with Mexico and TurkeyPresident Barack Obama's administration has sided with US steel producers in politically charged international trade disputes, ruling that imported rebar from Mexico and Turkey unfairly undermines US prices. The US government has decided to stop at the borders of the country arriving imports of…
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China's Hebei province cuts steel production in MarchChina's largest steelmaking province, Hebei, produced 17.43 million tonnes of crude steel in March, down 3.5 percent from a year ago. This is due to government policies to tackle air pollution in local factories, which are already under pressure from slow demand and a lack of funds. According to…
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Russian factories report a trend towards higher prices for rebarRussian steel mills are likely to raise their rebar prices for the May bids. Domestic rebar manufacturers are considering increasing domestic prices from 1 to 1.52 percent over the previous month. Industry sources report that imports of these products have declined. At the same time, the stock…
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China's crude steel production reached 70 million tonnes in March 2014China's metallurgists produced 202.7 million tonnes of steel, 179.7 million tonnes of pig iron and 261.41 million tonnes of metal products during the first three months of this year, up 2.4 percent, 0.1 percent and 5.3 percent. percent respectively for the same period in 2013, according to data…
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Toyota Tsusho buys Scholz AG stake in GermanyJapan's Toyota Tsusho acquires a 39.9% stake in the loss-making Scholz AG group from the Scholz family to financially put the German Metal Recycling Group on a solid footing. In Germany, Scholz is one of several recycling companies capable of providing a complete recycling system through a wide…
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Exports of steel scrap in Russia in the first months of 2014Russia exported 245,000 tons of scrap metal in February, up 12.7 percent YoY, but down 1.5 percent from a month earlier. In February, Turkey was the largest importer of Russian scrap metal with 94 thousand tons, a decrease of 24.4 percent. South Korea was the second largest importer with 50…
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