Metallurgy news
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India's Tata Steel records record steel productionAccording to the company, in March 2014, Tata Steel recorded a record steel production in the 2013-2014 fiscal year, reaching 9.15 million tons, which is 12.55 percent more than in the previous fiscal year. At the same time, the output of finished rolled products at Tata Steel plants amounted to…
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China continued growth in steel production in MarchAccording to the data of the China Association of Iron and Steel Industry CISA, metallurgical companies of China smelted 2.096 million tons of steel daily in March against 1.970 million tons in February. The growth in steel production comes against the backdrop of the policies pursued by Prime…
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Baosteel changed its mind to raise wire rod price in AprilChina's leading steelmaker Baosteel said it was not ready to raise its wire rod price in April. Thus, the cost of these products will remain unchanged for the 9th month in a row. Despite the outlined revival, the steel market in China remains weak. According to traders, the fact that prices have…
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The right sector did not allow the people of Kiev to remove the barricadesIn the Right Sector, they decided to remove the barricades, and they will allow the people of Kiev to sweep the streets near them. They clarified that today only the Maidan is to be cleaned from debris. Earlier, a subbotnik was announced, in which all political forces participating in the protests…
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Darth Vader filed a lawsuit against the CEC of UkraineThe refusal of the Central Election Commission to register the leader of the Internet Party of Ukraine, Dmitry Golubov, will be appealed in court. Darth Vader, as the leader of the Internet party, has become a very popular character on the political stage of Ukraine, tired of the same people…
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Evraz sells subsidiary in the Czech RepublicRussia's largest steelmaker Evraz, after a year of efforts, closed a deal to sell its Czech loss-making Vitkovice Steel facility in Ostrava for $ 89 million to a group of private investors to help cut debt amid declining European demand for steel. Evraz announced back in April last year that it…
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Western banks tightened steel payment options for Russia and UkraineWestern banks involved in global trade flows have tightened payment procedures for steel deals with Russia and have already taken similar steps for Ukraine due to political instability Russia's actions in relations with Crimea have caused the biggest crisis between East and West since the Cold War…
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Global status of crude steel production in Turkey in January-February 2014More than 261 million tons of crude steel worldwide were produced in 65 countries represented by the World Steel Association during the first two months of 2014, an increase of 1.6 over the same period in 2013. China retained its first place in the list of crude steel production during this period…
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Dmitry Medvedev hinted at a possible termination of gas supplies to UkraineAt a meeting between Russian Prime Minister Dmitry Medvedev and Gazprom head Alexei Miller, the issue of Ukraine's debt for consumed gas was raised, which, according to Gazprom, has exceeded $ 2.2 billion by now. “Our Ukrainian partners must find the necessary finances and pay off their debts…
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Chinese metallurgists are in a difficult situation: expertChina's steel industry has been in its toughest conditions for two decades, amid falling prices, weak demand and overcapacity, leading to mergers and acquisitions. Li Xingchuang, head of the China Metals Industry Planning and Research Institute, said that "In the first months of 2014, China's large…
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