Metallurgy news
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The slowdown in world industrial production will be bad news for prices for shares of BHP Billiton and Rio TintoSustainable economic growth in China will allow the domestic production of steel next year to exceed 800 million tons. This was announced by Lee Xinchuang, Deputy Secretary General of the Chinese Association of ferrous metallurgy. For the production of one ton of cast iron, an average of 1.5 tons…
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Pakistan metallurgists require tax benefitsRepresentatives of the steel industry of Pakistan last week turned to the government with an urgent request to withdraw a four percentage tax on domestic sales in relation to metal products. The delegation of metallurgists was headed by the president of the Chamber of Commerce and Industry in…
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The gross profit of Chinese metallurgy in January - September 2013 amounted to $ 1.8 billionAccording to the Chinese CISA Metallurgical Association, the gross profit of large and medium -sized Metallurgy of the PRC in January - September 2013 amounted to 11.3 billion yuan or 1.8 billion US dollars. The profitability from the trade in ferrous metallurgy (profitability) was 0.41 percent…
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Europe is in no hurry to share its share with UkraineUkraine has the opportunity to supply any equipment and materials to Europe, starting from the rails and metalworking equipment , ending with diesel locomotives, electric locomotives, wagons and nuclear power plants. However, in Europe they still have not reacted to the request of the Cabinet of…
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Metinvest is affirmed in the market of BelarusFirst, 2014 “Metinvest Distribution” will begin to implement the entire range of metal products from the warehouse in the capital of Belarus of the city of Minsk. The sales company was opened by the Metinvest group in October 2013. Since January, the new company will provide the opportunity for…
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In the second half of November, rising prices for metal rollingIn the world markets in the second half of November, rising prices for metal rolling will begin. This is stated in the forecast of the SE "Ukrpromvneshekspertiza" (UPE). The reason for the increase in the price of long rental will be the activation of consumers of those who seek to ensure…
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NLMK and OMK signed an agreement on the supply of slabs until 2016The largest steel Russian group of NLMK, and the OMK group, the leading manufacturer of Russian pipes, signed a new agreement on long -term cooperation and the resumption of the contract for the supply of slabs until 2016 inclusive. These workpieces are designed to produce sheet rolling on the new…
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Indian manufacturer Sail will build a new rolling mill with a capacity of 3 million tonsFor a more complete satisfaction of demand from the growing Indian automotive industry, Steel Authority of India (Sail) will build an additional rental camp with a capacity of 3 million tons of sheet steel per year. The modernization of the Rourkela Steel Plant (RSP) will be a co -roll and will…
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Barack Obama called on Congress to increase the cost of modernization of US infrastructureUS President Barack Obama, speaking yesterday at a meeting with voters in the port of New Orleans, called on Congress to end the partisan war and accept the budget, which would increase expenses for scientific activities, as well as the modernization of roads, bridges and ports of the country…
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Fitch Ratings reduced the rating of Ukraine to V-This Friday, the Fitch Ratings International rating agency again reduced the long-term ratings of the default of the issuer of Ukraine in foreign and national currency to the level of the previous mark B and stated that the forecast for them is negative. The ratings of Ukrainian bonds in foreign…
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