Metallurgy news
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Fitch Ratings revised the forecast for the rating of NLMK from stable to negativeThe Fitch Ratings International rating agency revised the forecast for the long -term rating of the issuer default (RDE) OJSC Novolipetsk Metallurgical Plant (NLMK) from the "stable" to "Negative". The agency reported this in a press release published yesterday. In addition, Fitch Ratings confirmed…
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Global production of cast iron increased by three percent, Ukraine reached seventh placeIn June 2013, the production of cast iron around the world increased by an average of 2.86 percent compared to the last month and amounted to 96 million 63 thousand tons. This is reported today by the World Cast iron manufacturers and became World Steel Association (WorldSteel). The top-ten…
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Posco lost 36 percent of profit due to weakening demand for steel in ChinaThe largest South Korean steel company Posco reported on the losses of 36 percent of profit in the second quarter of 2013 due to weakening demand from Chinese consumers. However, these figures are higher than the consensus of the forecast of analysts, which suggested even more gloomy prospects. The…
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Türkiye raised prices for a hot rolonAs stated in the message by Yieh.com, Turkish hot rolons will continue to grow in price. After the rolon price increased by $ 10 over the past week, Turkish metallurgical companies intend to increase the price of another $ 10 raising prices from 550 to 570 dollars in just two weeks. The main…
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Visible total consumption of steel in Saudi Arabia will grow in three years by 12 percentOver the past couple of years, the construction boom has made Saudi Arabia one of the most attractive places for sellers of metal rolling. Significant growth in steel consumption and the largest construction services market in the Persian Gulf region with multi -billion dollar projects in the state…
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Pure losses in the first half of 2013 amounted to a billion with a hryvnia tailIn January - June 2013, the Azovstal Metallurgical Plant PJSC (Ukraine, Donetsk region) of the Metinvest group received 1 billion 22 million 95 thousand UAH pure loss according to international financial reporting standards (IFRS), which is 18 percent less than in the APPG -2012. This can be seen…
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Türkiye demands to exclude it from the list of countries against which an anti -dumping investigation is opened today in the United States todayManufacturers of steel pipes in Turkey will be required to exclude those suspects in the dumping in the US market. This is written today by the Turkish edition of Zaman. As you know today in the United States, an official investigation of the unscrupulous import of steel pipes for the oil and gas…
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JSW Steel is interested in purchasing STEMCOR HOLDINGS assets in IndiaJSW Steel London Office received proposals for the sale of Indian assets of the British mining corporation STEMCOR HOLDINGS. This is reported today by Bloomberg. For the third in the size of the JSW Steel steel company, the acquisition of assets burdened with STEMCOR debts would be in handy…
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Ak Steel reduced losses eighteen times over the yearOne of the largest US metallurgical companies AK Steel reported on Tuesday about reducing losses in the second quarter of 2013 compared to last year 18 times, up to 40 million 400 thousand dollars against $ 724 million in APPG-2012. The net sales volume for the second quarter of 2013 in AK Steel…
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The head of the NLMK expects an increase in demand for metal rollingThe chairman of the board and the president of the Novolipetsk Metallurgical Plant OJSC (NLMK, Russia, Kaluga Region) oleg Bagrin expects an improvement in the demand for metal distribution in the fall of this year. He stated this in an interview with ITAR-TASS correspondent. "Now there have been a…
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