Metallurgy news
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Barack Obama has blocked the assets of a number of Russian officials due to the situation in UkraineAccording to the decree of the President of the United States, the property of Matvienko, Surkov, Glazyev, Rogozin and a number of other Russian officials was blocked in connection with the situation in Ukraine. About this report RIA Novosti . Among the Russian officials against whom US sanctions…
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Uzbekistan launches production of high quality copper pipeOnly a few days are left until the first in Uzbekistan plant for the production of high-quality copper pipes will start operating at full capacity. Due to the fact that the colossal pace of construction was used, not even a year has passed from the first day of the construction of the new plant. As…
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The state of the pipe market in 2013 and prospects in 2014In 2013, sales of Russian pipe products increased by 4 percent YoY, mainly driven by higher oil consumption and gas pipeline construction. Throughout 2013, the consumption of seamless OCTG pipe grew, supported by the activities of oil and gas companies and an increase in the share of…
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Chinese banks cut loans for the metallurgical sectorGrowing concerns about the financial health of overblown industries have prompted many banks to cut lending to these sectors by as much as 20 percent. Banking and industry sources say that at the same time, the China Banking Regulatory Commission (CBRC) has called on banks to submit their regular…
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Nippon Steel assesses the impact of new sales tax on demandJapan's largest steelmaker, Nippon Steel & Sumitomo Metal Corp, foresees only short-term impact on demand, not long-term damage from the sales tax imposed in April by the Japanese government as a stimulus, as its new president, Kosei Shindo, withered. Kosei Shindou is currently executive vice…
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Cheap imports of hot rolled flat steel from China replace plates from EuropeSlab sales in Europe have suffered recently due to aggressive offers of hot-rolled plates from China. Some of the Italian flat products manufacturers have already stopped buying plates in Europe and are buying HRP from China as the price is almost the same. Slabs can now be purchased for around USD…
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Steel prices in China fall for the second week in a rowThe world's largest steel market in China fell all last week amid uncertain prospects, weak commodity prices, high inventories and overproduction of steel products . On March 14, 2014, hot rolled coils with a thickness of 4.5-12 mm were sold in Shanghai for 3.330-3.350 yuan ($ 543-546) per ton…
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ArcelorMittal to invest $ 15 million in specialty steels in BrazilArcelorMittal is investing $ 15 million in its Brazilian facility next year to establish a production of special high-strength steels for the automotive industry. ArcelorMittal's advanced high-strength steel production will be based on its flat mill at its Vega do Sul facility in Santa Catarina…
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Rising copper pricesAccording to analysts at UBS, the largest financial conglomerate, after the copper price plunged to a 4-year low, it can finally find support. Modern copper metallurgy depends on many factors, including market relations with China. The fall in prices, as you know, was caused by fears of a slowdown…
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Rinat Akhmetov's statementDear fellow countrymen! A tragedy happened in our city yesterday. People of different political views could not contain the aggression. As a result, dozens of victims, a young man, Dmitry Chernyavsky, died. My deepest condolences to his family and friends. No policy justifies the sacrifice. And…
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