Metallurgy news
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Even at falling prices, iron ore brings huge profit to make companiesAustralian mining companies reached the record levels of production in December 2013 and continue to invest billions of dollars to expand their production capacities.Reuters writes about this today.Iron ore continues to generate large profits, even in conditions of falling prices, and the miners of…
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China forced the construction of nickel -processing capacities in IndonesiaChinese companies accelerate plans for the construction of capacities for refining nickel ore and obtaining nickel in ingots (flaps).After the prohibition on the removal of unprocessed ore, entrepreneurs will have to establish the production of nickel cast iron directly in Indonesia.A 4 percent…
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Foreign banks for the first time in the history of China received the right to import goldFor the first time in history, the Chinese authorities issued licenses for the import of gold to two foreign banks working on the territory of China. Anz and HSBC have become happy owners of permits for the import of precious metal into China. This step in the country's government was explained by…
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Tata Steel opens the largest service center in the UKTata Steel has opened the largest center for profiling steel sheet in the Ust-Midlands in the UK, increasing its existing plate processing potential, 50 percent in the region. The new center turns steel plates into many shapes and processed components for off-road wheels of vehicles and earthwear…
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The United States challenges China for non -compliance with the WTO decision regarding the export duties of steelThe United States increased pressure on China in the dispute about the export of high -tech steels from the United States, accusing Beijing of non -compliance with the directive of the World Trade Organization. The US commander Michael Froman said that China continues to use tariffs to effectively…
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ASEAN expanded the production capacities of steel in 2013The Association of Southeast Asian countries (ASEAN) is a major importer of steel products. The region does not provide itself with semi -finished products and flat rental, so many new facilities were commissioned or, as expected, will come in the new year. Vietnam has the largest number of new…
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Unsistered. Record levels of commodity residues on Ukrainian power plantsAccording to the State Enterprise "Ukrpromvneshekspertiza", warehouses at the country's metallurgical plants over the past month have sharply increased and have reached maximum values over the past 5 years. At the same time, the number of unsold rental in the ports of Ukraine increased by 27…
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Thyssenkrupp checks the patience of shareholdersThe largest German manufacturer was THYSSENKRUPP who wants to try to sell his Brazilian steel plant again, not managing to find the buyer on it in 2013, but achieved significant shifts in the ownership of the group since the last annual meeting of shareholders. Henry Hisenger, CEO of Thyssenkrupp…
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Voestalpine expands the welding business segmentVoestalpine Group continues to promote the internationalization strategy by acquiring the Indian company Maruti Weld Private limited, which specializes in the production of welding electrodes, and currently has 180 employees, and last year received annual income of 6.7 million euros. For…
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Japan is preparing for additional costs in connection with the decision of the Indonesia Government to prohibit mineral ore exportsJapan, being the world's largest stainless steel manufacturer, is preparing to take a blow to new prices associated with the prohibition of export of unprocessed nickel ores from Indonesia. The world prices for nickel and shares of mining companies are growing after Indonesia declared new rules for…
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