Metallurgy news
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Japanese metallurgists announce cost reduction by almost three billion dollarsThe three largest Japanese manufacturers were Nippon Steel & Sumitomo Metal Corp, JFE Holdings Inc and Kobe Steel LTD announced a reduction in expenses by $ 275 billion or 2 billion 700 million dollars this year. The impetus for the adoption of such radical measures was an excessive offer of steel…
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The European Commission considers the possibility of budget financing of the EU metallurgical companiesThe European Commission studies the legality of the release of money of the private company Duferco Group in the form of illegal state subsidies provided to it three years ago by the Belgium government. In the European Parliament, passions about the EU industrial policy are heated and high -profile…
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The Alchevsk Metallurgical Plant announced losses in the first quarter of this yearPJSC "Alchevsk Immobomb" (AMK, Lugansk Region) in January-March 2013 showed 217 million 170 thousand UAH of pure loss according to international financial reporting standards (IFRS), which is 31.1 percent better than the indicator of the first quarter of 2012. According to the company's report in…
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Exxonmobil and Chevron will come to Ukraine for a long timeForeign Minister Leonid Kozara, during a visit to the United States, expressed the hope that powerful international energy companies such as Exxonmobil and Chevron will come to Ukraine and will remain for a long time, Radio liberty reports. Also, during one of the business meetings, the minister…
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Arselormital shares increased by 7.5 percent after announcement of expenses in EuropeAccording to Reuters, on Friday the shares of the largest metallurgical company in the world Arselormital grew 7.5 percent after the company announced the maintenance of the profit level due to the reduction of expenses. As we have already reported, the head of Arselormital Lakshmi Mittal said that…
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After eight years of waiting, the South Korean Mining and Metallurgical Company Posco received all the necessary permits for the construction of a missile defense system in IndiaToday in New Delhi, the Supreme Court of India canceled the decision of the lower court on the ban on the South Korean Metallurgical Company Posco to obtain iron ore and produce steel in India. Thus, the company has become one more step closer to the implementation of the largest project worth more…
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The largest metallurgical company in China Baosteel was forced to reduce steel prices for the first time in the last nine monthsThe Chinese steel giant Baoshan & Steel Co (Baosteel) reduced the selling prices for metal products for the first time in the last nine months due to a huge excess supply of steel in the country's domestic market. The company announced a decrease in $ 30 prices for hot -rolled sheet rental and $ 25…
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The growth of steel production in Brazil will be 5.8 percentIn accordance with the Forecast of the Institute of Steel Aço Brasil), the production of steel in this country will increase by 5.8 percent by the end of the year and amount to 36 million 500 thousand tons. At the same time, the consumption of metal rolling will grow by no more than 4.2 percent -…
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The increase in demand for steel from China will not exceed 2.5 percent - Lakshmi MittalThe largest metallurgical company in the World Arselormital suffered serious financial losses in the first quarter of 2013 associated with the ongoing drop in demand for steel in Europe and a drop in prices for iron ore raw materials. This was announced by the head of the company Mr. Lakshmi Mittal…
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Ukrainian veterans of the Great Patriotic War raised a pension to $ 300From May 1, 2013, the size of the pensions of the participants in the military operations of the Great Patriotic War and the disabled II and III groups cannot be less than 2547 UAH 90kop, which is 285 percent of the subsistence minimum for persons who have lost their ability to work. This was…
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