Metallurgy news
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Nucor CEO is annoying the growing volumes of Chinese imports in the United StatesMr. John Ferriola, General Director of the American Steel Corporation Nucor, who lost more than 25 percent of profit in the first half of the year, urged politicians to limit the import of cheap Chinese steel to US markets. Ferriola is annoyed by the fact that the United States merchant department…
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World production steel increased by 1.9 percent, in Ukraine it increased by 7.8 percent, in Russia it decreased by 0.8 percent -worldsteelIn the first half of 2013, world production became 2 percent compared to the APPG-2012. Such data today was published by the World Cast iron association and became World Steel Association (WorldSteel). Global production steel in January - July amounted to 798 million 800 thousand tons. In July, 132…
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Among the manufacturers of steel, few will survive for the automobile sectorThe international rating agency said that new strict requirements for the effectiveness of the targeted indicators of automobile fuel in Europe and the USA will most likely lead to a decrease in sales for steel companies. Since this gives rise to demand only for light, strong steel of those…
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Türkiye discovered the largest copper deposits in CastamonMr. Barysh Isler Vice-Governor of the city of Hanon in the Castamon Province on the Black Sea coast, told the press that 22 million tone of copper reserves were found during drilling work carried out by intelligence companies in the Middle East. He also added that after studies conducted by the…
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Real steel consumption in the EU will fall by 4.5 percent this year, and in the next will increase by 2 percent - EuroferEUROFER, which has been published today by the EUROFIER Metallurgical Enterprise Association, confirmed that the basic scenario of the development of the economy in the second half of 2013 and slow recovery in 2014, which published in 2014, is published in the second half of 2014. As expected in…
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The largest energy company of Ukraine began to import gas from EuropeSince the beginning of July 2013, DTEK Trading began pumping natural gas from Europe to Ukraine. This month, according to the company, it plans to import about 100 million cubic meters of gas. The volume of gas imports from Europe will be determined on the basis of economic expediency and market…
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Arcelormittal calls for trade unions to accept a new industrial plan for the plant in liegeAs a result of several months of intensive negotiations with the Government of Wallonia and other interested parties, Arcelormittal improved its industrial plan, which was first announced on January 24, 2013. Arcelormittal, turned to trade unions with a request to accept new offers regarding the…
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CISA analyzed steel prices in ChinaThe Chinese Metallurgical Association (CISA) provided a consolidated price for steel prices in the domestic market of China as of the end of June 2013. As a result, all prices for the main products became in the Chinese domestic market decreased compared to the end of May of this year. In…
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Mag Europe Group secures financial independenceMag Europe Group, the largest manufacturer of machine tools and industrial systems on the world market,, together with their financing partners and owners, reached an agreement when developing a financing plan, which will allow the company, without selling assets, to maintain independence. MAG…
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Brazil slightly reduced steel smeltingAccording to the data provided by the Brazilian Institute of Cast iron, the production of steel in this country in June was reduced by 1.8 percent compared to the last month and amounted to 2 million 260 thousand tons. This reduction was the first in 2013. Meanwhile, in general, for the first half…
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