Metallurgy news
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Severstal announces 1Q 2014 production resultsThe Russian integrated metallurgical and mining company OAO Severstal reported 1Q2014 operating results. Highlights in Severstal's operational report include the main indicators of the Group. Steel production increased 4 percent quarter-on-quarter due to increased production and sales at the…
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China's new environmental law threatens economic developmentChina is seriously concerned about the environmental situation in the country and the smog hanging over industrial centers and cities. The government has issued a new law that allows for the closure of polluting factories and industries under a simplified scheme, and also provides for severe…
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ThyssenKrupp in talks with Saab to sell shipbuilding assets in SwedenGerman steelmaker ThyssenKrupp said it is in an early stage of negotiations with Swedish defense company Saab AB to sell its shipbuilding business in the Scandinavian country. A company spokesperson said both Saab AB and ThyssenKrupp Industrial Solutions have signed a declaration of intent to…
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Iran Among the World's Largest Direct Reduced Iron ProducersThe World Steel Association ranked Iran as the world's second largest non-blast direct iron producer in the first two months of 2014. The latest data released by the World Steel Association showed that Iran produced a total of 1,867,000 tonnes of iron, indicating strong growth in January and…
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CIS Steel Billet Price Levels Remain Solid Amid Continuing Turkish InterestBlack Sea billet price levels rose by $ 10-15 per tonne in April, showing encouraging signs after a long stagnation. First of all, this situation is due to active purchases of Turkish factories in an effort to suppress the soaring level of prices for scrap metal. Scrap steel price levels have…
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SEIFSA asked the government to drop carbon tax planThe Federation of Steel and Engineering of South Africa (Seifsa) has called on the government to follow Australia's lead by scrapping the proposed carbon taxes. She said it was in the best interest of our ailing economy. CEO Seifsa said "The South African economy has been under siege in recent…
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SAIL develops new steel grades to lighten LPG cylindersThe Steel Authority of India Limited (SAIL) has developed a new grade of steel that will help oil marketing companies' plans to make better LPG cylinders. The new SAIL steel grade has already received ISO quality certification and is ready for use. Conventional household cylinders are made from 2.9…
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Fitch Confirms India Stable OutlookFitch Ratings reaffirmed India's stable credit rating outlook on a higher five-year GDP growth of 6.7%, up from 3.2% previously determined. The key threats to the rating are deviations from fiscal consolidation, a prolonged period of slow growth, and macro policy miscalculations that trigger…
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Premier Li Keqiang sacrifices steel production for clean air in ChinaThe slowdown in the economy in China and the tightening of government measures against environmental pollution are negatively affecting its steel mills. At the same time, the world's largest alloy producer is contributing to a potential downturn in global iron ore trade. As a result, 2 percent of…
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Rostrud and Mechel announce a joint projectMechel OAO, one of the leading Russian companies in the mining and metallurgical industries, announced the launch of a project to enhance the effectiveness of measures to improve working conditions at the Group's enterprises. The project will be implemented jointly with the Russian Federal Service…
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