Metallurgy news
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The production of stainless steel in Europe decreased in 9 months by 6 percentIn the first nine months of this year, the production of stainless steel in Europe decreased to 5.4 million tons, which is 6 percent less than in the APPG-2012. This is stated in the December report of the German service center Damstahl. A particularly strong fall in the production of stainless…
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The proposed action plan for the revival of the steel industry of Europe is declarative and unconnectedThe European Committee on Economic and Social Policy said that the European Commission for the Renaissance of the Steel Industry of Europe is not sufficient to restore the industry. Representatives of the Committee emphasized that the EU metallurgical industry, being dependent on the automobile and…
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Iron ore will decrease to $ 120 per tonThe stability of iron ore prices in recent months has been unexpected for a number of investors and analysts. However, analysts say that prices will nevertheless decrease in 2014 amid a fall in demand by the largest world manufacturers and increase the supply of iron ore from the main miners. Iron…
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In the medium term, Ukraine will produce 33-35 million tons of steel annuallyOver the past five years, production in Ukraine has stabilized at 33-35 million tons. Such indicators will be characteristic of the country in the medium term. This was announced today during the press conference by reporters by the director of the Ukrpromvneshekspatrise SE Vladimir Vlasyuk. “We…
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Tata Steel produces new electrical steel to increase the efficiency of electric power industryCogent Power, a subsidiary of Tata Steel, introduced a range of complex, new electrical metal products that reduces electricity loss from 20 to 30 percent compared to conventional steels. New products convincingly prove their advantage, working in Newport, South Wales. The production of cold…
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The company of intermediary will be added to the gas supply scheme to Ukraine - Russian mediaA mediator will appear between Naftogaz and Gazprom. Ukraine and Russia will return to the opaque scheme of the purchase and transit of Russian gas to the EU. A number of Russian publications are writing about this today. According to the newspaper Vedomosti, the most promising figure for the…
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The profit of Asia Stelevarov can remain at a historically low level next year - MoodyMoody 'S Investors Service said that the profit of Asian manufacturers of steel will remain at historically low level, amid growing performance and slowing down demand. In addition, the prospects for the Asian coal industry can be negative in 2014, Moody' S Investors Service. The negative forecast…
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Tata Steel Europe increased steel production by 54.14%The European division of the Tata Steel metallurgical concern (Tata Steel Europe) significantly increased the volume of steel production - from June to December 2013 they increased by 54.14 percent. Thanks to this, the profit of the unit increased by $ 144 million, amounting to 418.25 million US…
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Hyundai Hysco metalworking centers grow rapidlyForeign Metal -processing centers Hyundai Hysco are growing at a rapid pace. The company said in December that sales revenues made by centers of steel processing located outside the country increased by 10.4 percent to $ 3019 million last year. While the revenue from the implementation for nine…
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Ukraine seeks to get 20 billion euros in the form of help from the EUUkraine asks for 20 billion euros ($ 27,540 million) from the European Union in exchange for signing an agreement on trade and cooperation with Russia, as the Prime Minister of Ukraine Nikolai Azarov said. In a speech at a meeting of the Cabinet of Ministers, while thousands of people protest in…
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