Metallurgy news
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NLMK optimizes cast iron production capacitiesAs part of the program to optimize production capacities and in connection with low demand for cast iron, the NLMK group announced today about stopping the domain furnace No. 3 for an indefinite period. The power of the blasties is 1 million 300 thousand tons of commodity cast iron per year. The…
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The choice is made: the ISD will fire half the Polish control room staffAs expected, the Industrial Union of Donbass (ISD) decided to reduce the number of employees of the Polish Metallurgical Plant Huta Czestochowa most likely not finding a buyer for him. This was reported by UNIAN. As a result of the reductions, 1,500 people out of three thousand current composition…
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Metallurgical enterprises of Ukraine ceased to purchase scrap metalDue to the presence of large scrap metal reserves in warehouses, the metallurgical enterprises of Ukraine have been refused to purchase scrap metal for the past two weeks. According to OP Metallurgprom, although in general, over four months since the beginning of the year, the supply of scrap metal…
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The negative prospects of the steel industry of BrazilAccording to the report of the head of the metallurgical industry of Brazil, the excessive proposal began to adversely affect the prospects of the country's steel industry, exerting pressure on the price of steel products. The report states that "Brazil’s black metallurgy suffers from increasing…
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The price of scrap metal fell to $ 360 CFR TürkiyeTurkish metallurgical companies purchased more than a million tons of scrap metal with the supply of 360 dollars per ton of CFR Türkiye in July in July. It is reported by Steelorbis. Turkish factories took advantage of the descending trend of scrap prices, said the director of the Turkish company…
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Chinese metallurgy works for workIn April 2013, the rate of profit at Chinese metallurgical plants decreased to 0.05 percent after 0.3 percent in March. This was reported by the Chinese Association of the metallurgical and steel industry. The reduction in the profit of steel plants in China lights the "red light" to the further…
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Chinese export presses on world prices for steelThe aggressive policy of China in the export of metal rolling has a destructive effect on world steel prices. The proposals for hot-rolled steel at the prices of $ 490 per ton FOB, China reached a three-year minimum after a collapse of prices in the 2009th year. The second source of pressure on…
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Russian company Mechel Reduces Reduces PersonnelAccording to the press service of the Government of the Orenburg Region, Yuzhurantnikel, a member of the Mechel group, decided to reduce workers. It is reported by ITAR-TASS. The reason for the stop of production was the low market price of nickel, poor quality raw materials and high tariffs for…
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Nikopol Ferroalloy Plant threatens to stop production in case of non -granting electricity benefitsThe largest company for the production of ferroalloys in the Nicopolis, the NIZF, requires a “fair” tariff for electricity - such as the Zaporizhzhya and Stakhanov Ferroalloy Plants. Otherwise, the company will be forced to stop production and dismiss about 7 thousand personnel. About this to…
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Europe builds exports and imports of steelAccording to the results of the first quarter of 2013, the EU countries increase steel products by 1.18 percent compared to the same period last year - up to 6 million 479 thousand tons. However, in March, the export of metal rolling from the European Union again fell by 4 percent compared to March…
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