Metallurgy news
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Tata Steel UK will raise steel prices in AprilA representative of Tata Steel in the UK announced the company's intention to raise steel prices in order to fully meet the growing demand. The British edition of the Scunthorpe Telegraph writes about this today. Traditionally, Tata Steel revises steel prices on a quarterly basis, so in March the…
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SS Steel opens new steel billet plant in BangladeshSS Steel opened the first European steel billet plant in Tonga, the oldest industrial area of Dhaka in Bangladesh. SS Steel specializes in high-tech billet production such as the SS Tiger 500W TMT. Kazi Shaquil, Chairman of SS Steel, stated that “SS Steel must be the market leader in terms of…
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The military operation in Ukraine is killing the stock and foreign exchange markets of Russia and UkraineThe opening of trading on the Ukrainian Stock Exchange was marked by a collapse of shares and the stock index. As of 11:00 Kyiv time, the UX Index fell 6.64 percent, shares of the Alchevsk Iron and Steel Works lost 8.45 percent, Azovstal - 7.54 percent, Yenakievsky Iron and Steel - 2.07 percent…
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The restructuring of the Belgian cable production BEKAERT brings resultsBelgian steel cable and wire manufacturer Bekaert reported a 42 percent increase in 2013 in adjusted operating profit from its restructuring. The company boosted profits in Asia and Europe by significantly reducing its debt. Bekaert, whose steel wire reinforces a quarter of the world's car tires…
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POSCO will replace 5 CEOsThe POSCO Group will replace managers in five of the six business units as part of a reform plan identified by the new chairman, Kwon Oh Zhong, in connection with the major refurbishment of the largest steelmaker's facilities. POSCO subsidiaries have announced a key agenda for their shareholders'…
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ArcelorMittal Dofasco to produce steel for next-generation Ford Edge crossoverThe next generation of Ford's crossover, which will hit the market in January 2015, will be manufactured using Extragal steel produced at ArcelorMittal Dofasco in Hamilton, Canada. Extragal is a double-sided pure galvanized steel that provides high corrosion resistance and excellent surface…
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Steel industry in China's provinces adjusted GDP growth to a lower levelAfter the central government decided not to influence local government on GDP growth, about half of the provinces cut their GDP growth forecast for 2014, which is economically feasible in the face of fighting excess steel capacity and meeting environmental requirements. All major steelmakers in…
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Rinat Akhmetov's statementDear Ukrainians! The future of our country is in jeopardy. Internal political tensions can escalate into a protracted conflict and destroy the integrity of Ukraine. The use of force and illegal actions from the outside are unacceptable. I am convinced that there can be only one solution to the…
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Surplus metallurgical capacity in China is beyond imagination - CISAChina's steel industry is facing extremely difficult market conditions amid overcapacity, economic restructuring and mounting financial problems in the metals industry. These problems cannot be solved in the short term. This was announced by the Deputy Secretary General of the Chinese Association…
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Steel companies in Russia and Ukraine compete fiercely in the European marketUkraine offers cold-rolled coils in Eastern Europe at € 440 per tonne, while SteelGuru.com sources report that Russian MMK offers the same steel products in Italy for € 380, up from 400 last week.
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