Metallurgy news
Gerhard Kromme resigned from the post of chairman of Thyssenkrupp AG
Dr. Gerhard Kromme will leave his post by the chairman of the supervisory board of the German steel concern Thyssenkrupp AG until March 31, 2013. This was reported by the press service of Thyssenkrupp. At the same time as a recovery of resignation, Dr. Kromma addressed…
Read more
Mariupol signed a new agreement with Metinvest
The city of Mariupol won a nationwide competition for the title of “City of Best Improvement and Public Order” among cities with a number of less than 500 thousand inhabitants conducted by the Cabinet of Ministers of Ukraine. This was reported by the press center of…
Read more
World prices for coking coal are located on the edge of the cliff
The growing third month in a row in a row of metallurgical coke will soon fly down, repeating the fate of iron ore raw materials. If a couple of weeks ago the whole world was excited about multi -billion dollar investments in the infrastructure and construction of…
Read more
Daily production of steel in China exceeded two million tons
Despite the obvious excess of metallurgical capacities, steel production growth in China continues to increase. According to the local Association of ferrous metallurgy, the daily volume of the spilled in China became increased at the end of February 2013 to 2 million…
Read more
Brazilian CSN announced the rise in price of metal rolling by 8%
The largest Brazilian metallurgical company CSN (Companhia Siderórgica Nacional) sent information letters to its distributors in which she warned about rising prices for metal rolling from 6 to 8%. It is reported by Steel Orbis. This increase will become the second…
Read more
Kloeckner communicates about the loss and reduction of demand for steel
Kloeckner & Co (KKO), a German trader of steel, part of which belongs to the KNAUF family, incurred losses last year as a result of a protracted economic crisis in Europe. The company said today that the net loss in 2012 amounted to 198 million euros ($ 259 million)…
Read more
The United States reduced export of cast iron and steel scrap by 11% in 2012
The United States is in a situation of economic uncertainty, and this affects the export of cast iron and steel scrap. The average scrap price and ferrous metal rolling reached $ 309 per ton, which does not go in a cut of the world prices for this type of product…
Read more
The Chinese market steel gropes the bottom
Negative price trends in the domestic market became in China, it seems to be stabilized at their lower point. Prices for metal rubles remain unchanged. In any case, the fall of domestic prices immediately after the celebration of the New Year on the Chinese calendar…
Read more
The Egyptian oligarch from metallurgy was sentenced to 37 years for using offshore and market monopolization
The Criminal Court of the Egyptian city of Giza passed a harsh sentence to the local metallurgical baron Ahmed Ezzu, sentencing him to a prison for a period of 37 years and reimbursing two billion Egyptian pounds of the damage to the Arab Republic of Egypt. The…
Read more
The Petrovsky plant increased steel production by 23%
In the first two months of the current year, the Dnepropetrovsk Metallurgical Plant named after the Petrovsky group Evraz increased the production of steel to 160 thousand tons, which is 23% more than in January - February 2012. This was reported by the Ministry of…
Read more