Metallurgy news

• Posco lost 36 percent of profit due to weakening demand for steel in China The largest South Korean steel company Posco reported on the losses of 36 percent of profit in the second quarter of 2013 due to weakening demand from Chinese consumers. However, these figures are higher than the consensus of the forecast of analysts, which suggested even more gloomy... 25.07.2013  12:21

• Türkiye raised prices for a hot rolon As stated in the message by Yieh.com, Turkish hot rolons will continue to grow in price. After the rolon price increased by $ 10 over the past week, Turkish metallurgical companies intend to increase the price of another $ 10 raising prices from 550 to 570 dollars in just two weeks. The main... 25.07.2013  12:12

• Visible total consumption of steel in Saudi Arabia will grow in three years by 12 percent Over the past couple of years, the construction boom has made Saudi Arabia one of the most attractive places for sellers of metal rolling. Significant growth in steel consumption and the largest construction services market in the Persian Gulf region with multi -billion dollar projects in the state... 25.07.2013  11:59

• Pure losses in the first half of 2013 amounted to a billion with a hryvnia tail In January - June 2013, the Azovstal Metallurgical Plant PJSC (Ukraine, Donetsk region) of the Metinvest group received 1 billion 22 million 95 thousand UAH pure loss according to international financial reporting standards (IFRS), which is 18 percent less than in the APPG -2012. This can be seen... 24.07.2013  15:47

• Türkiye demands to exclude it from the list of countries against which an anti -dumping investigation is opened today in the United States today Manufacturers of steel pipes in Turkey will be required to exclude those suspects in the dumping in the US market. This is written today by the Turkish edition of Zaman. As you know today in the United States, an official investigation of the unscrupulous import of steel pipes for the oil and... 24.07.2013  13:42

• JSW Steel is interested in purchasing STEMCOR HOLDINGS assets in India JSW Steel London Office received proposals for the sale of Indian assets of the British mining corporation STEMCOR HOLDINGS. This is reported today by Bloomberg. For the third in the size of the JSW Steel steel company, the acquisition of assets burdened with STEMCOR debts would be in handy.... 24.07.2013  11:50

• Ak Steel reduced losses eighteen times over the year One of the largest US metallurgical companies AK Steel reported on Tuesday about reducing losses in the second quarter of 2013 compared to last year 18 times, up to 40 million 400 thousand dollars against $ 724 million in APPG-2012. The net sales volume for the second quarter of 2013 in AK... 24.07.2013  09:56

• The head of the NLMK expects an increase in demand for metal rolling The chairman of the board and the president of the Novolipetsk Metallurgical Plant OJSC (NLMK, Russia, Kaluga Region) oleg Bagrin expects an improvement in the demand for metal distribution in the fall of this year. He stated this in an interview with ITAR-TASS correspondent. "Now there have... 24.07.2013  09:49

• The market has become Latin America stable - ALACERO The Latin American Steel Association Alacero announced that the consumption of ready-made steel in Latin America in January-May 2013 amounted to 28 million tons and was preserved at the level of last year. At the same time, the consumption of finished steel products decreased by 1 percent at the... 23.07.2013  18:36

• The Enakievsky Metallurgical Plant worked in the first half of 2013 at a loss In January - June, the Enakievsky Metallurgical Plant (EMZ, Ukraine, Donetsk Region) received 842 million 615 thousand UAH pure loss, which is three times more than in the APPG -2012 (279 million 25 thousand UAH). This is stated in the message of EMZ. In the second quarter of 2013, the company's... 23.07.2013  18:22