Metallurgy news
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The production of steel in China in 2013 will grow to a record 780 million tonsThe growth of steel production in China is expected this year at the level of 9 percent. The total production will reach a record 780 million tons. This was reported by the National Commission of China on Reform and Development (NDRC). Recall that in 2012, steel smelting in China increased by 3.1…
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The main task of the new managing director of Metinvest will be to search for an external financing sourceThe new financial director of the Metinvest group was appointed 35-Russian Aleksey Kutepov, who will replace Sergey Novikov, who has been working in the holding from the moment of its founding in 2006. This was officially announced today by the press service of Metinvest. Sergey Novikov will go to…
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Iron ore fell in price by 3 percent within a weekThe fall in the level of implementation of the finished rental per 1 percent over the past week of July affected the level of iron ore prices and led to a sharp decrease by 3 percent. At the same time, there were proposals and applications for transactions in the iron ore market, but there was no…
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In the second half of 2013, Metinvest reduced the production of steel by 8 percentAccording to the press service of Metinvest B.V., the maternal company of the vertically integrated group of mining and metallurgical companies (hereinafter metinvest), steel production in the first half of 2013 decreased by 8 percent, the melting of cast iron decreased by 3 percent, the production…
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Zaporizhstal fights for the environmental safety of productionThe Department of the Zaporizhzhya Republican Administration for Ecology and the use of natural resources conducted a workshop at which aspects of environmental safety were considered when handling industrial and consumer waste, as well as the main areas of work in this area. The Metallurgical…
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Nippon Steel and Sumitomo Metal Corp were profitable in the second quarterNippon Steel and Sumitomo Metal Corp said that he returned to the metal market and had profit within three months from April to June, thanks to high internal demand in Japan and the rest of Asia. The Japanese giant steel said that his net profit reached 63.4 billion yen, replacing a net loss…
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JSW Steel is working on projects to create a ready -made national productJSW Steel, the largest supplier of specialized steels in India, intends to commission a new plant for the production of electrical steel with a capacity of 2 million tons per year. The new metallurgical complex of Vidzhayanagar in the Bellari area will begin work over the next financial year. The…
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Zaporizhstal beats the records for the production of cast iron and steelIn July 2013, Zaporizhstal set a cast iron production record, melt 286 thousand 800 tons on three domain furnaces for the first time in recent years, which is 7.6 percent higher than last month and 20.2 percent more than in the APPG-2012. This is stated in today's message of the press service…
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The number of transactions with assets in the mining and metallurgical sector decreased by 30 percentThe mergers and acquisitions in the world mining and metallurgical industry became a third less in the first half of 2013. This is said in Ernst & Young. "Investors have lost confidence in the mining industry and metallurgy, which became very sensitive to short -term economic news," the report is…
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The largest manufacturer of steel in the world reported on losses of 1 billion 125 million dollarsToday, Arselormital published a report for the second quarter and the first half of 2013. According to the data provided, in the second quarter of this year, the company increased its losses more than two times to $ 780 million, while the net loss over the first half of the year reached 1 billion…
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