Metallurgy news
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Tata Steel predicts a reduction in demand for steel of up to 5 percentThe representative of the large Indian metallurgical company Tata Steel announced today that the demand for steel in the current financial year will most likely grow by only five percent. The reason for this is a decrease in demand from the automotive and construction industries. This was announced…
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Expert opinion: Indonesia will not prohibit iron ore export in 2014The Indonesia Government will most likely completely refrain from the intentions to ban the export of mineral ores in 2014. According to Jim Lennon, a consultant to the Australian investment company Macquarie Group, the reason for the abolition by the authorities of their decision is associated…
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Latin America has a huge potential for steel demandThe World Steel Association states that Latin America offers "huge and unused" opportunities for the steel market. The demand potential is based on the need for investment in infrastructure, population growth and urbanization. These factors create a “very positive picture” for the metallurgical…
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Transactions for the supply of iron ore to China must be made on the Beijing International Mining Exchange CBMX - the head of CISAThe head of the Chinese Association of Chugun and began to CISA calls on to conclude transactions for the supply of iron ore on a specially created by the Beijing International Mining Exchange of CBMX to determine the "honest" price index for metallurgical raw materials. Van Xioki, Vice President…
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Moody's rating agency worsened its forecasts for two large Asian coaling companiesThe international rating agency Moody 'S Investors Service against the backdrop of a negative prospect of coal prices predicts a high probability of bankruptcy. We are talking about two Chinese companies - Winsway Coking Coal Holdings and Hidili Industry International Development. Low coal prices…
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Valinox nucleaire launched a new pipe rolling plantValinox Nucleaire commissioned new machines for its pipe plant in Nansha, in the southeastern part of China, which are provided by the German manufacturer SMS Meer. As a result, China has expanded its production capacities in the production of products for nuclear energy. Using new technologies…
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Ukraine doubled the production and export of galvanizingAccording to the chief specialist of the Black Metallurgy Department of the DP "Derzhazovnichinform" Roman Chigirinsky, Ukrainian metallurgical companies in four years increased the production and export of flat rental by 50 percent, reaching pre -crisis indicators and exceeding them. This is…
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The manufacturer of steel pipes Tenaris is again included in the Forbes list of the most innovative companies in the worldAccording to the press service of one of the world's largest suppliers and manufacturers of Tenaris steel pipes, Forbes put it on the 81st rating of the 100 most innovative companies. Tenaris improved its result of 2011, when she took 92th place in the first published innovation rating. "The…
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Steel production by direct restoration of iron is rapidly increasing - WSAWorld steel production using the technology of direct iron restoration (DRI 1 ) continues to grow rapidly. According to the World Steel Association (WSA), the number of DRIs received in August 2013 increased by 13 percent compared to APPG-2012 and amounted to 5 million 190 thousand tons. In the…
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In the steel market of Northern Europe, a revival is observed - MepsParticipants in the steel market in Northern Europe report a higher than usual purchasing activity. The flat metal market was opened after a summer lull with a slight increase in prices for carbon steel. This is stated in the report on steel prices in Northern Europe, prepared by the British…
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