Metallurgy news
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Russia will not demand early redemption of $ 3 billion of Ukrainian EurobondsRussia will soon be able to demand early repayment of two-year Eurobonds worth 3 billion. Deputy Minister of Finance of the Russian Federation Sergey Strochak told reporters about it. The prospectus provides for automatic repayment in the event that the state debt to GDP grows to more than 60…
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Mariupol Metallurgical Plant named after Ilyich will hold an annual meeting of shareholders on April 4On April 4, at 12 o'clock local time, the annual meeting of shareholders of PJSC "Ilyich Iron and Steel Works" will take place in Mariupol. Registration of the meeting participants will start at 9.00
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Tokyo Steel maintains product prices in AprilTokyo Steel Manufacturing Co will maintain current product prices for April delivery as customer inventories rise after the winter frost, but there is a shortage of labor to cover construction projects, Japan's largest electric furnace owner said. However, the firm, which recycles scrap steel…
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US shale boom should help JSW return positive revenuesIndia's largest private-sector steelmaker, JSW Steel, sees prospects for its US plate and pipe plant amid the US shale boom. Next year, the United States is expected to be able to independently meet its gas and oil needs as it kicks off its mega shale gas and shale oil projects across the country…
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Metallurgical enterprises of Metinvest Group mastered the production of 33 types of new products in 2013The range of rolled products was expanded at several enterprises of the Group at once: Enakievsky Metallurgical Plant, Azovstal, MMK im. Ilyich and Promet Steel (Bulgaria). Among the new products are high-strength flat products of the S890Q brand, square products of 10-20 mm, long products made of…
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ArcelorMittal Kryvyi Rih increased production of steel and rolled products by 6 percentMarch 18, Kryvyi Rih. In February 2014, PJSC "ArcelorMittal Kryvyi Rih" increased steel production compared to February 2013 by 6 percent to 539.7 thousand tons, increased the output of finished rolled products also by 6 percent to 461.2 thousand tons and increased the production of pig iron by 7…
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Marubeni Itochu to build a joint steel processing center on the outskirts of KarachiMarubeni Itochu has announced an agreement with local auto parts and component manufacturer Dawood Engineering in the Islamic Republic of Pakistan to jointly create a new company in an industrial park outside of Karachi City, Pakistan. The Korean company plans to achieve a high level of urban…
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Severstal will supply large-diameter pipes for the second string of the South Stream projectSeverstal has announced that it has won a tender for the supply of about 160,000 tonnes of 813 mm diameter pipes for the second string of the South Stream offshore pipeline. The pipes will be manufactured by the Izhora Pipe Plant, which is part of the Russian Metallurgical Division Severstal…
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In 2013, the production of stainless steel used in cable ducts increased in RussiaAccording to experts of the Special Steels Association, the output of stainless steel in Russia in 2013 increased by 11.4 percent compared to 2012, reaching 114 195 tons. The leading manufacturer of stainless steel in Russia is VMK Krasny Oktyabr with a share of 32.8 percent of the total. The plant…
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In two months of 2014, Azerbaijan has increased steel production by one and a half timesAccording to the data on industrial production published on March 17 by the State Statistics Committee of Azerbaijan, in January-February 2014, the country's steel industry increased its production of metallurgical products by 47 percent compared to the same period last year (APPD). At the same…
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