Metallurgy news
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Kazakhstan: In August, the main manufacturers mainly retain the prices for reinforcementIn August, the prices of manufacturers have not changed for the supply of reinforcement to the reinforcement to the market of Kazakhstan. Thus, the main factors that impede the rise in price of the rental are the presence of the free capacities of Kazakhstani manufacturers and a high level of…
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Rio Tinto and BHP awaits a sharp reduction in profit - Australian pressToday it became obvious that the mining boom was over. Rio Tinto and BHP Billiton showed a tendency to reduce profitability and unprecedented zeal to reduce costs. The weakening of the prices for raw materials forced industry monsters to tighten financial discipline and cut off payments. About this…
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Steel production in Iran over four months increased by 5 percentIn the first four months of the current calendar Iranian year (March 21 - July 22), the production of raw steel in this country increased by 5 percent. It is reported by Tehran Times. The total production of unrefined steel reached 1 million 300 thousand tons in the last calendar month of the…
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France reduced steel production in the first half of the yearAccording to the latest data published by the French Federation, in the first half of 2013, French production of steel decreased to 8.024 million tons, which is 4.3 percent less when compared with the same period last year. During this period, the production of electric arc furnaces (EAF) was…
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Indian steel plants increase pricesThe largest manufacturers have become such as JSW Steelbse and Essar Steelbse decided to increase prices for their products this month. Private firms say that the decision was a forced measure against the background of increasing costs for materials due to a sharp decrease in the national currency…
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Schmolz + Bickenbach board of directors resignedFor several months, the struggle for power in the steel German group Schmolz + Bickenbach has been raging between the heirs of the founder of Renov and the board of directors. At an extraordinary general meeting, seven members of the board of directors resign. The Schmolz + Bickenbach AG board…
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Wuhan Steel is interested in 40 billion tons of iron oreAt the press conference on July 31 on the territory of the largest mountain-rural project of the company in West Africa, the president of Wuhan Iron and Steel (Group) Corp. Mr. Dang Qilin announced that the Bong mine is a strategic object for the fourth of the world of a metallurgical company. The…
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In Ukraine, an economic decline continues - the State Statistics ServiceIn Ukraine, an economic recession continues. This is evidenced by the data of the State Statistics Service, published late in the evening of July 31. According to the report published on the service website, the gross domestic product (GDP) of Ukraine in the second quarter of 2013 compared to the…
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The Government of Ukraine will create a system of state support for export industriesAccording to the press service of the Ministry of Economic Development of Ukraine today, the Cabinet of Ministers approved the concept of creating a system of state support for the export of Ukraine at its meeting. This resolution was adopted on August 1, 2013. According to the authors, the concept…
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Cooking coal mining in Ukraine decreased by 7 percentIn the first half of 2013, Ukrainian coal mining enterprises reduced the production of total coal by 4.5 percent compared to APPG-2012, to 47 million 761 thousand 387 tons. Including the extraction of coal coal is reduced by 7.1 percent - to 13 million 738 thousand 959 tons, energy - on 3.5 percent…
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