Metallurgy news
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Arcelormittal calls for trade unions to accept a new industrial plan for the plant in liegeAs a result of several months of intensive negotiations with the Government of Wallonia and other interested parties, Arcelormittal improved its industrial plan, which was first announced on January 24, 2013. Arcelormittal, turned to trade unions with a request to accept new offers regarding the…
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CISA analyzed steel prices in ChinaThe Chinese Metallurgical Association (CISA) provided a consolidated price for steel prices in the domestic market of China as of the end of June 2013. As a result, all prices for the main products became in the Chinese domestic market decreased compared to the end of May of this year. In…
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Mag Europe Group secures financial independenceMag Europe Group, the largest manufacturer of machine tools and industrial systems on the world market,, together with their financing partners and owners, reached an agreement when developing a financing plan, which will allow the company, without selling assets, to maintain independence. MAG…
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Brazil slightly reduced steel smeltingAccording to the data provided by the Brazilian Institute of Cast iron, the production of steel in this country in June was reduced by 1.8 percent compared to the last month and amounted to 2 million 260 thousand tons. This reduction was the first in 2013. Meanwhile, in general, for the first half…
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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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