Metallurgy news
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International steel scrap market on the riseOver the past two weeks, there has been a flurry of scrap metal purchases from Turkey. This led to an escalation in the price of steel scrap. International bids as a result reached $ 375-380 per tonne CFR with major buyers in Turkey starting active scrap purchases again. Turkish businesses are…
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Baosteel president predicts the closure of a large number of steel companiesTightening environmental requirements and lack of credit will lead to the liquidation of a large number of Chinese steel companies. Commenting on the 42 percent drop in profits at China's largest state-owned steel company, President President of Baoshan Iron & Steeel (Baosteel) Dai Zhihao said that…
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Mexico's steel production grows 5.1 percent - CanaceroSteel production in the country was 19 million tonnes in 2013, up 5.1 percent from 2012, according to statistics released by the Mexican Metallurgical Association Canacero. In 2013, production of finished metal products in Mexico decreased by 3.4 percent to 15.71 million tons. Meanwhile, steel…
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Ukraine increased export of iron ore by 8.3 percent in 2013The export of Ukrainian iron ore in 2013 amounted to 37 million 940 thousand tons, which is 8.3 percent more than in 2012. The largest consumer of iron ore from Ukraine was China, which imported 44.8 percent of all exports or 17 million tons. Ukraine also increased the export of iron ore raw…
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Kiev warned the EU about the possible termination of the transit of Russian gas through the territory of UkraineThe transit of Russian natural gas to EU countries through Ukraine may be stopped, as warned in a letter by Yuriy Prodan, who was appointed by the Verkhovna Rada as Minister of Energy and Coal Industry of Ukraine. The letter was sent to the European Commissioner for Energy Gunther Oettinger. The…
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USA increased steel imports in FebruaryIn February, steel imports increased 1.4 percent from January this year, according to preliminary data released by the US government. During the first two months of 2014, compared to the same period in 2013, steel imports increased by 25.9 percent. At the end of 2013, steel demand in the United…
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British Army to take part in NATO exercise in Baltic states to calm UkraineBritish troops will take part in NATO exercises in the Baltic states to calm Ukraine and prevent Russia from advancing westward. This was announced today by the British Defense Secretary Philip Hammond. Mr. Hammond said that England has the fourth largest defense budget in the world and the Royal…
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Vallourec wins pipe order for power plant in Saudi ArabiaVallourec, a global leader in seamless steel pipes, announced that it has been selected to supply 10,000 tonnes of pipes for the construction of the Shuqaiq Steam power plant in Saudi Arabia. Deliveries are scheduled for the first, second and third quarters of 2014. Vallourec products will be used…
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Lenin plant of Metinvest group reduced natural gas consumption by 30 timesIlyich Iron and Steel Works of Metinvest Group reduced the cost of purchasing energy resources in 2013 by UAH 75 million The Mariupol Metallurgical Plant named after Ilyich (Lenin) of the Metinvest Group in 2013 reduced the consumption of natural gas in the production of pig iron by 30 times. Due…
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Middle East Steel Mills Swap Billet for Scrap to Maintain ProfitsOver the past month, scrap metal price levels have risen by $ 30-35 per tonne, reaching $ 375-380 per tonne CFR level. At the same time, manufacturers of long products say that this upward price change is difficult to convey to the prices of their finished product. Rebar price levels broke through…
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