Metallurgy news
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Krakatau Steel plans to cut costs through joint venture with PoscoKrakatau Steel, the state-controlled steelmaker, expects the production of its joint venture Krakatau Posco to help cut costs and mitigate the risks of a weaker currency. Krakata Posco, a joint venture with South Korea's Posco block, delivered its first production of steel slabs to its parent…
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Iran's annual steel production risesIran's annual crude steel production will reach 15 million tonnes by the end of the current Iranian calendar year, which ends March 20, the chairman of the Iranian Steel Producers Association said. Bahram Sobhani added that according to forecasts, steel production should increase to 55 million tons…
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Steel mills in China will keep demand for iron oreMining giant BHP Billiton reiterated its positive view on Chinese demand for iron ore, iron ore president Jimmy Wilson said at the conference. He explained this by the fact that steel production in China will peak at about 1.1 billion tons in the next ten years. “We remain confident that global…
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ArcelorMittal Considers Increasing Ukrainian Steel Exports Amid Political CrisisArcelorMittal, which has production facilities in Ukraine, sells a certain part of its products to other markets. Domestic demand growth in the region was slower than expected due to the difficult political situation. In addition, demand for steel in the Commonwealth of Independent States (CIS)…
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Mitsubishi Heavy Industries merges its three companiesThe three companies of the MHI Group, specializing in the manufacture of mechanical systems, electronic controllers, steel pressure pipes, steel structures and other industrial equipment, are joining their business. The new company, which plans to provide a comprehensive approach to operations in…
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The work of the National Bank in Crimea is blocked by the authorities of the autonomy - YatsenyukThe Prime Minister of Ukraine Arseniy Yatsenyuk announced the disruption of treasury services and the work of the National Bank in Crimea. “The so-called occupying Crimean authorities announced their intention to switch to the ruble zone and actually cut off the service of both the Treasury and the…
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Viktor Yanukovych will address the Ukrainian people on TuesdayOn Tuesday, Viktor Yanukovych will deliver an address to the people of Ukraine in Rostov-on-Don. This was reported by RIA Novosti with reference to the entourage of the Ukrainian president. Time and place will be announced later. Earlier, Yanukovych announced that he was forced to leave Ukraine…
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Tata Steel joins forces with JCB Landpower to build the tractor of the futureThe Northeast Steel Company is helping to release the latest version of the famous agricultural vehicle. Tata Steel has teamed up with JCB Landpower to create the most productive new generation of tractors. Using innovative design and engineering techniques by Tata Steel at its Skinningrove…
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India's metallurgy investments to exceed $ 30 billion in 6 years - Tata SteelLow steel consumption per capita will be the main factor behind the growth of investments in the Indian steel industry. This is stated in a new survey of the Indian domestic market from the largest steel producer Tata Steel. India's steel sector will receive more than $ 30 billion in investment…
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External administration introduced at the French steel company AscometalAscometal, one of the largest steel producers in France, is on the verge of bankruptcy, threatening the loss of 2,000 jobs. Last Friday, according to the decision of the commercial court of Paris, the external management procedure was introduced at Ascometal. The French company has been hit by a…
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