Metallurgy news
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Alexey Mordashov is skeptical of the plans of the Chinese government to close extra metallurgical plantsThe Director General of the Russian company Severstal Alexei Mordashov, who lost about 1.4 billion dollars of personal condition for this year amid a decline in the steel industry, the world manufacturers believes should agree to restrict the production of steel. "Even a very good annual increase…
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Ukraine reduced the production of steel in November 2013 by 7.8 percentAccording to the World Association published today, WSA became the world production in November 2013 by another 3.6 percent to 127 million tons. In the eleven months of this year, 3.2 percent were smelted in the world more than in the APPG-2012-1 billion 447 million 740 thousand tons. Raw steel…
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Rio Tinto expects a drop in iron ore prices in 2014According to the company, the Rio Tinto Group, the second in terms of extraction, the iron ore manufacturer in the world, expects a drop in prices and an increase in the physical volume of supply of metallurgical raw materials next year. Rio Tinto revenues from the sale of iron ore raw materials in…
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Severstal conducted a comprehensive maintenance of the converter at the Cherepovets plantThe Cherepovets Metallurgical Plant announced the completion of maintenance as part of the overhaul of its converter number 2. The total volume of the project investment amounted to 650 million rubles, including the replacement of the converter housing and the installation of emissions. This is the…
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The USA Majestic Steel announces the acquisition of Flatrolled Steel assetsThe Majestic Steel, the leading and service center of the US Steel, announced the completion of the Flatrolled Steel business and assets transaction, which will work in Houston/Dallas based on a common business called Majestic Steel. will allow the Majestic Steel to expand its business in the…
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The CEO of Rio Tinto sees a decrease in iron ore price in 2014Rio Tinto Group expects the next year to reduce iron ore prices, the source of most of its income, since global reserves will increase. Sam Walsh, the company's general director said that "I expect the prices for iron ore raw materials to soften a little next year, but they will still contribute to…
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Reducing prices for reinforcement and workpieces affects the purchases of scrap metalIt seems that winter has frozen the scrap transaction this year. Traditionally, winter was a period of brisk trafficking in scrap, which subsequently led to a rise in price level due to the lack of and inventory of the accumulation of Turkish factories before the winter holidays in Europe, the USA…
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Russia will remove the restriction on the import of Ukrainian steel pipes and stop the anti -dumping investigation against Ukrainian reinforcementSpeaking today at a briefing in the building of the Cabinet of Ministers of Ukraine, Minister of Industrial Policy Mikhail Korolenko told reporters about a number of agreements reached during the visit of the President of Ukraine Viktor Yanukovych to Moscow. In particular, restrictions on the…
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Contractors on Tata Steel Scactorp have stopped working due to a dispute on wagesScunthorpe Telegraph reported that 50 contractors hired by Tata Steel began to work in the scantorp on December 17 at 6 am in order to increase wages. Members of the UCATT construction union said that if the requirements are not satisfied tomorrow until 10 pm, they plan to repeat the action on…
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Indian machine builders require a zero fee on stainless steelManufacturers of machines and capital goods in the country demanded a zero duties on the import of stainless and special steels due to the sharp devaluation of Indian rupees. Mr. Ramachndran, Secretary General of the Association of Machines and Equipments of India Machines and Equipments, said that…
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