Metallurgy news
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Indian steel plants increase pricesThe largest manufacturers have become such as JSW Steelbse and Essar Steelbse decided to increase prices for their products this month. Private firms say that the decision was a forced measure against the background of increasing costs for materials due to a sharp decrease in the national currency…
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Schmolz + Bickenbach board of directors resignedFor several months, the struggle for power in the steel German group Schmolz + Bickenbach has been raging between the heirs of the founder of Renov and the board of directors. At an extraordinary general meeting, seven members of the board of directors resign. The Schmolz + Bickenbach AG board…
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Wuhan Steel is interested in 40 billion tons of iron oreAt the press conference on July 31 on the territory of the largest mountain-rural project of the company in West Africa, the president of Wuhan Iron and Steel (Group) Corp. Mr. Dang Qilin announced that the Bong mine is a strategic object for the fourth of the world of a metallurgical company. The…
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In Ukraine, an economic decline continues - the State Statistics ServiceIn Ukraine, an economic recession continues. This is evidenced by the data of the State Statistics Service, published late in the evening of July 31. According to the report published on the service website, the gross domestic product (GDP) of Ukraine in the second quarter of 2013 compared to the…
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The Government of Ukraine will create a system of state support for export industriesAccording to the press service of the Ministry of Economic Development of Ukraine today, the Cabinet of Ministers approved the concept of creating a system of state support for the export of Ukraine at its meeting. This resolution was adopted on August 1, 2013. According to the authors, the concept…
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Cooking coal mining in Ukraine decreased by 7 percentIn the first half of 2013, Ukrainian coal mining enterprises reduced the production of total coal by 4.5 percent compared to APPG-2012, to 47 million 761 thousand 387 tons. Including the extraction of coal coal is reduced by 7.1 percent - to 13 million 738 thousand 959 tons, energy - on 3.5 percent…
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The production of steel in China in 2013 will grow to a record 780 million tonsThe growth of steel production in China is expected this year at the level of 9 percent. The total production will reach a record 780 million tons. This was reported by the National Commission of China on Reform and Development (NDRC). Recall that in 2012, steel smelting in China increased by 3.1…
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The main task of the new managing director of Metinvest will be to search for an external financing sourceThe new financial director of the Metinvest group was appointed 35-Russian Aleksey Kutepov, who will replace Sergey Novikov, who has been working in the holding from the moment of its founding in 2006. This was officially announced today by the press service of Metinvest. Sergey Novikov will go to…
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Iron ore fell in price by 3 percent within a weekThe fall in the level of implementation of the finished rental per 1 percent over the past week of July affected the level of iron ore prices and led to a sharp decrease by 3 percent. At the same time, there were proposals and applications for transactions in the iron ore market, but there was no…
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In the second half of 2013, Metinvest reduced the production of steel by 8 percentAccording to the press service of Metinvest B.V., the maternal company of the vertically integrated group of mining and metallurgical companies (hereinafter metinvest), steel production in the first half of 2013 decreased by 8 percent, the melting of cast iron decreased by 3 percent, the production…
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