Metallurgy news
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Russia exported 764 tons of stainless steel in December 2013According to the expert assessment of the Association "Spetsstal", in December 2013, the Russian export of the main types of stainless steel products, compared with November, increased by 24 percent and amounted to 764 tons. Exports of stainless steel flat products increased by 12.4 percent to 100…
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Steel production forecast in Japan for 2014According to information provided by the Iron & Steel Institute of Japan (ISIJ), the country's crude steel production reached 110 million tons in 2013. However, ISIJ expects steel output to be unable to surpass 110 million tonnes in 2014 due to weak demand in the global steel market, which is also…
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Freyja Resources completes first phase of copper and silver exploration in MexicoFreyja Resources announced that it has completed the first phase of its exploration program at the recently acquired Las Cristinas copper-silver mine located in northeastern Chihuahua state in Mexico. The campaign plans to start drilling immediately after receiving a drilling permit, which is…
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Gonvarri Steel Services acquires 51% of shares in Turkish company CepasGonvarri Steel Services, a leader in metalworking service centers, has acquired 51 percent of the Turkish company Cepas. Cepas was founded in 2003 and has a strong presence in the Turkish market in the construction and road infrastructure construction sectors. With this acquisition, Gonvarri Steel…
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Praxair has signed a gas supply contract with a new steel mill in BrazilPraxair Inc has signed a long-term contract for the supply of industrial gases to a new steel mill that is being built near the port of Pesem in the international free trade Area in the state of Ceara, located in the northeastern region of Brazil. This is reported in tekna.by . The plant will be…
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The U.S. Antimonopoly Service has granted ArcelorMittal permission to deal with ThyssenKruppOn January 30, 2014, the U.S. Antimonopoly Service approved the completion of the acquisition of the ThyssenKrupp metallurgical plant in Alabama by the conglomerate ArcelorMittal and Nippon Steel & Sumitomo Metal. "The period set aside by the Hart-Scott-Rodino Antitrust Improvements Act (HSR) ended…
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The price of sheet steel in China will rise to $ 560 per tonSteel prices will rise in China after the New Year holidays. According to YECH CORP, the prices of sheet steel in Taiwan will rise especially strongly due to the fall in the exchange rate of the local currency. Recently, flat rolled products in Taiwan have been offered at 550 – 555 US dollars, and…
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FIIs Holding is interested in Indian steel companiesShares of Indian steel companies have reappeared on the radar of FII's foreign institutional investors, who are gradually increasing their stakes in companies such as Tata Steel and SAIL. The data provided for the last quarter, which ended in December 2013, shows that almost all major steel…
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The price of steel billets in the CIS has fallen by 10-15 dollars per tonOver the past week, the supply and sale of blanks from most CIS plants decreased in price by $ 10-15 per ton. The increase in scrap stocks from leading manufacturers has led to a decrease in scrap prices of $10-15 in addition to the slow market in the Middle East region. The current supply levels…
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The collapse of the lira forces Turkey's steel mills to go into hibernationThe sharp devaluation of the lira against the US dollar is already putting strong pressure on the Turkish long products market. Since mid-December 2013, the national currency has lost about 1,296 units, of which 696 in the past week alone. In this situation, the demand from trading companies and…
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