Metallurgy news
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The plan of mass dismissals in early 2014 was ready for ZaporozhyeFrom the New Year, mass dismissals will begin at Zaporozhyal, the newspaper "Comments: Zaporozhye" writes today. The plan for the dismissal of 4 thousand people since January 2014 has already been approved. Several thousand people will be reduced in the framework of large -scale optimization…
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Belarusian universal commodity exchange wants to trade in Russian metal distributionToday in Minsk, the business seminar “The market for the production and consumption of metals in the Republic of Belarus” was launched at which the head of the trade department of the Belarusian universal commodity exchange Yevgeny Bureko convinced the President of the Russian Union of Metal…
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South GOK reports an increase in the production of iron ore concentrate and agglomerateAccording to the press service of the South Mining and Processing Plant OJSC (Yugok, the Dnipropetrovsk region, the city of Krivoy Rog), the September production of an iron ore concentrate here increased by 11.5 percent, and the release of the agglomerate jumped 60 percent, to respectively 952…
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Nucor complaint to Severstal is consideredThe US Department of Trade (DOC) announced on Wednesday October 2 that he received preliminary results of an administrative investigation of Nucor's complaint that the metallurgical company of Russian descent Severstal violated the terms of the exchange agreements in 2012. According to the report…
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Prices for scrap metal in Asia and the CIS will fall - MepsThe difficult market conditions in India and the uncertainty in negotiations on the October supply of scrap metal faces exert pressure on prices. Variable successes of secondary production steel on the continent and attempts to shift the burden of additional expenses for their customers reduced the…
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Zaporizhstal continues to increase the production levels of metal productsIn September 2013, the Metallozhstal Metallurgical Plant Group Metinvest continued to increase its production indicators. This was reported yesterday by the press service of the enterprise. In particular, the production of metal rolling increased by 4.7 percent compared to APPG-2012 and amounted to…
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Coal displaces natural gas from power plants in the countries of Southeast AsiaAccording to the International Energy Agency (IEA) in the near future, coal will replace natural gas used as fuel with almost all power plants in Southeast Asia, where in the next two decades, electricity consumption should increase by almost half. 10 countries of the Association of Southeast Asian…
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Metinvest was allowed to purchase a share in the offshore of the Canadian Black IronMaternal company Mining and Metallurgical Holding Metinvest B.V. Received permission from the Government of Serbia for the acquisition of 49 percent of the shares of the Cyprus offshore Black Iron (Cyprus) LTD, a subsidiary of the Canadian Black Iron. For $ 20 million, Metinvest will receive the…
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Nippon Steel and Sumitomo Metal gets rid of unnecessary assetsIn October last year, Nippon Steel united with a smaller partner of Sumitomo Metal Industries after they have incurred losses from strong yen and competition from fast -growing and cheaper Asian competitors such as Posco for several years. Nippon Steel and Sumitomo Metal Corp reported that they are…
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Europe is waiting for a decrease in steel priceAccording to the analyst at Macquarie Group, Jeff Larjarge, structural problems in the European steel industry must be solved immediately in order to ensure the development of the industry. Larjarge said that an excess sentence was and remains a "serious problem." In addition, he argues that the…
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