Metallurgy news
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Nippon Steel and Sumitomo Metal gets rid of unnecessary assetsIn October last year, Nippon Steel united with a smaller partner of Sumitomo Metal Industries after they have incurred losses from strong yen and competition from fast -growing and cheaper Asian competitors such as Posco for several years. Nippon Steel and Sumitomo Metal Corp reported that they are…
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Europe is waiting for a decrease in steel priceAccording to the analyst at Macquarie Group, Jeff Larjarge, structural problems in the European steel industry must be solved immediately in order to ensure the development of the industry. Larjarge said that an excess sentence was and remains a "serious problem." In addition, he argues that the…
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AK Steel raised steel prices and filed a complaint about dumpingThe leading metallurgical company AK Steel announced on Tuesday October 1 on increasing prices for cold -rolled and hot -rolled sheet steel to 790 and 680 dollars per ton, respectively. In addition, the company announced a complaint to the US Department of Trade of unfair prices when importing cold…
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In the USA, steel production is fallingAccording to data published by the American Institute of Cast iron and steel (AISI), the production of steel in the United States fell by 1.3 percent last week compared to the previous week and 5.8 percent compared to the same week in 2012. The total production steel in the United States from…
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Glencore Xstrata will sell coal to Japanese power plants at elevature percent cheaperThe world's largest energy coal export company Glencore Xstrata PLC today has concluded a contract with the Japanese tohoku Electric Power for the supply of coal to the country's rising sun. At the same time, in comparison with last year, coal, according to the new agreement, will cost 11 percent…
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Kobe Steel will build a plant in China about the production of aluminum car dealersOne of the leading metallurgical companies in Japan Kobe Steel will open in China a plant for the production of aluminum body parts for the automotive industry. In the Middle Kingdom, this will be the first Japanese industrial facility for the production of such products. The opening of the…
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In January - August 2013, the cost of Turkish steel imports decreased by nine percentAccording to preliminary statistical data provided by the Turkish Institute of Statistics (TUIK) and the Turkish Customs Customs, in the first eight months of 2013, the total cost of importing metal products amounted to 12 billion 200 million US dollars, which is 9 percent less than in the…
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The European Commission began the judicial persecution of Italy for the inability to reduce emissions at the Ilva Mining Road ControllerAccording to the Italian printed publication ANSA, Italian inability to solve the medical and environmental problems in Taranto created by the Ilva metallurgical plant, led to the beginning of the trial at the initiative of the European Commission (EC). The Commissioner of the EC on environmental…
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Ukrainian metallurgists note an acute deficiency of scrap metalEarlier, the largest exporter of metal scrap - Ukraine began to buy it in Russia and Kazakhstan. According to the Ministry of Revenues and fees, from January to August the import of scrap metal to Ukraine grew by a third. At the same time, scrap exports from Ukraine are growing, for example, to…
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This year, the Ukrainian factory of Lakshmi Mittal sold to the CIS countries one and a half times more than in the pastArselormittal Krivoy Rog, owned by the largest metallurgical company in the ArcelorMittal world, announced the growth of sales to the territory of the Commonwealth of Independent States (CIS) for the first eight months of 2013 by one and a half times. At the same time, shipments to the domestic…
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