Metallurgy news
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Argentina sharply reduced steel productionAccording to the preliminary report of the Argentine steel chamber, the production of steel in this country in June 2013 amounted to 416 thousand 500 tons, which is 7.2 percent lower than the previous month and 7.7 percent less than in the APPG-2012. Officials also said that the output of the…
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In Japan, steel production is fallingAccording to the data provided by the cast iron and became Japan, in June 2013 the production of steel in this part of the world amounted to 9 million 380 thousand tons, which is 3.6 percent less than in May. This was the first drop in production in Japan since the beginning of this year…
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Pakistan is waiting for Russian thicknessesThe authorities of Pakistan have announced plans to privatize the largest state steel plant of the country of Pakistan Steel Mills. This was announced today by the chairman of the Council of Investments in Pakistan Muhammad Zuber. The Pakistani Government intends to achieve a number of requirements…
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Ukraine wants negotiations on quotas for pipesAccording to Mikhail Korolenko, Minister of Industrial Policy of Ukraine, in September 2013, the Ukrainian government plans to negotiate a quota for the supply of pipes to Russia. The day before, at a meeting with leading metallurgists in Chelyabinsk, Dmitry Medvedev announced the suspension of…
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Chinese exports became 5 million 290 thousand tons in JuneAccording to the Chinese Customs Bureau, the country imported 1.08 million tons of steel products in June 2013, showing a decrease in 160 thousand tons compared to the last month and 20 thousand tons less or 1.8 percent in annual terms. China exported 5.29 million tons of steel products in June…
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Golders are unlikely to reduce productionGold today is one of the few products that are not threatened with a reduction in production, because the price of it exceeds the marginal costs of the mines. This is stated in the report by Macquarie Group Ltd. Gold fell in price by 23 percent of the initial cost from the beginning of this year…
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The largest mining companies oversaturate the iron ore marketRecord results in iron ore mining were achieved by BHP Billiton (Australia) and other giants of the global mining sector. Such a policy of companies is not amenable to logic, given the lack of proper demand among steel manufacturers. It seems that the fall in the price caused by excess of offers is…
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In Russia, an increase in rental consumption and steel will exceed an increase in production over the next 5 yearsConsortium Russian Steel reports that it is expected to exceed the consumption of rental and have become over the growth of production over the next 5 years, subject to consistent state support, at the meeting of Dmitry Medvedev with leading metallurgists of Russia in Chelyabinsk Alexei Mordashov…
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The production of ferrous metals and rental in Ukraine decreased by 7.6 percentIn the first half of 2013, Ukraine compared with the APPG-2012 reduced the production of metal and metal rolling by 7.6 percent. This is stated in the message of the State Statistics Service of Ukraine. The production of steel without taking into account the semi-finished products obtained by the…
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A new metal warehouse of Ukrainian metinvest was opened in Russian BryanskAccording to the press service of the Metinvest group, the wholesale and retail channel of the company Metinvest-Eurasia opened a new metal depot and an office for receiving metal rubles in the Central Federal District of the Russian Federation of the city of Bryansk. At the new trading platform…
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