Metallurgy news
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Steel price in China is skyrocketing after a long fallThe sharp drop in the first quarter and the slowdown in GDP growth to 7.3% from an annual target of 7.5% is the result of China's reckless growth of past years. The decline in infrastructure investment projects affected the steel market. Steel prices escalated in April, up 2%, while cornered long…
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DUSya wants to sell the dacha of Yushchenko and YanukovychAn incredible sale of state property is being prepared at the State Administration of Affairs. According to its head Sergei Averchenko, the dachas of Viktor Yushchenko and Viktor Yanukovych, two residences in Pushcha-Voditsa, several sanatoriums equipped with different types of infrared heaters…
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The mining and metallurgical complex of the Dnepropetrovsk region continues to increase production volumesThe economic miracle and the growth of steel production twice as fast as in China did not affect the well-being of the residents of Dnipropetrovsk April 11, Dnepropetrovsk. According to the data of the Dnipropetrovsk Regional State Administration, the political situation that has developed in the…
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US firms form consortium for Iraqi oil productionThe North America-West Asia Consortium is looking to deliver an initial inventory of oil well equipment as soon as possible in order to fulfill plans to expand supplies to Iraq as oil demand rises. The first batch of steel pipes for oil wells is expected to arrive in Iraq in early May. US Steel…
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The richest man in Ukraine is trying to save his fortuneWhen Swiss prosecutors knocked on the door of DTEK Trading SA's Geneva headquarters in February, they hit the trail of Rinat Akhmetov, Ukraine's richest man. Officials were investigating links between DTEK and MAKO Trading SA, a company controlled by Yanukovych's son Alexander, whose assets, like…
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Indonesian Nickel Export Ban Severely Affects Stainless SteelNickel prices last Friday surpassed the $ 16,500 /t level recorded 12 months ago. High nickel prices are the result of a decrease in the supply of laterite ore due to the ban on the export of raw materials from Indonesian mines. Analysts are focused on determining the impact of this ban on…
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Russian Uralvagonzavod eyeing Serbian steel plant in SmederevoSerbian President Tomislav Nikolic spoke in Belgrade with a Russian delegation representing Uralvagonzavod. During the meeting, the Russian company showed interest in further business operations in Serbia, including on the basis of the steel plant in Smederevo. Uralvagonzavod General Director Oleg…
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Iron ore hits six-week highIron ore has jumped nearly 13 percent since March. Iron ore spot prices climbed to their highest level since February on stronger demand for steel. Chinese enterprises have actively begun to replenish stocks, helping to restore raw material prices. China's desire to increase spending on rail…
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Tata Steel sells block in New ZealandTata Steel announced that Steel & Tube Holdings of New Zealand will buy Tata Steel International (Australasia) (TSIAL) on April 14, 2014 for a cash consideration of NZ 27.5. Investors are buying shares in Tata Steel after the company said it was selling its block in New Zealand. "Steel & Tube…
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Mexican metallurgical passions in North AmericaWorld leaders in the metallurgy industry have begun battling in Mexico for orders from automakers who have decided to expand production in the North American country. Mexico has signed a number of free trade agreements and attracts producers with cheap labor. Posco, one of the largest steel…
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