Metallurgy news
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US inundated with scrap metal due to weak demand in TurkeyTurkey's economic turmoil has led to a sharp drop in US scrap metal imports, causing its landfills to sprawl. Turkey is the world's largest consumer of scrap steel, so demand from that country is essential to keep the firms doing business in the United States. But amid the economic crisis, Turkish…
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Kobe Steel is going to raise 100.6 billion yen from the sale of sharesKobe Steel, Ltd, Japan's third-largest steelmaker, plans to raise a whopping $ 996 million to reorganize its core operations. Most of the proceeds from the sale of shares will be used to fund the company's capital expenditures. The funds are intended to improve the profitability of iron ore and…
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MMK Azovstal sharply worsened production indicators in January 2014Mariupol Iron and Steel Works Azovstal in January 2014 reduced steel production compared to January 2013 by 11.3 percent to 346 thousand tons, pig iron - by 11.7 percent - to 298 thousand tons and reduced the output of finished rolled products by 18.6 percent - up to 306 thousand tons. At the same…
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In January 2014 Zaporizhstal increased production of steel and rolled productsMetallurgical Plant Zaporizhstal marked the first month of 2014 with an increase in all production indicators. In January 2014, steel production at Zaporizhstal Iron and Steel Works increased compared to January 2013 by 2.3 percent to 336.6 thousand tons, pig iron - by 1.7 percent to 283.8 thousand…
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Pangang orders continuous galvanizing line from SiemensChina's Pangang Group has entered into an agreement with Siemens Metals Technologies to supply a new continuous galvanizing line for its plant in Chongqing. The line will process 450,000 tonnes of high-strength cold-rolled strip per year for further use in the automotive industry. The project is…
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Japan announces reduction in steel consumption in 2014According to the report of the Japan Iron and Steel Federation (JISF), the consumption of common grades of steel in 2014 will decrease here to 49 million 180 thousand tons, which is 2.8 percent less than in 2013. At the same time, the demand for special and alloyed steels in Japan will decline by 2…
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Van Leeuwen enters the Brazilian market through the acquisition of TubexpressThe Van Leeuwen Pipe Group has acquired the Brazilian company Tubexpress, which supplies pipes and pipes for the petrochemical, oil and gas industries. The deal took effect from January 2014. Van Leeuwen's strategy is to expand and strengthen its market position in a number of countries and…
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Russian Foreign Ministry is very concerned about the behavior of the Ukrainian oppositionThe Ministry of Foreign Affairs of the Russian Federation is very concerned about what is happening in Ukraine today. Russian diplomats are especially irritated by the calls of the opposition leaders to join the militia squads. “All of this directly contradicts the opposition’s declarations of…
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Six Turkish manufacturers get the right to supply pipes for TANAPTurkish metallurgists enthusiastically welcomed the invitation for six local producers to participate in supplying steel pipes to the TANAP pipeline under construction, which will carry Azerbaijani gas to Europe via Turkey. A total of 18 companies were invited to place their bids for the supply of…
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The Metallurgprom merger has a new directorOn January 28, 2014, the Metallurgprom enterprise merger was headed by a new general director - Alexander Danilovich Zrazhevsky. The majority of members of the Board of Directors of OP Metallurgprom voted for the corresponding decision, ugmk.info reports. Recall that the previous head of…
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