Metallurgy news
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The Italian Ilva Iron Player was left without a major orderThe customer from the United States canceled his decision on the purchase of 25 thousand tons of steel pipes at the Italian Metallurgical Plant ILVA, in connection with the breakdown of the supply schedule. It is reported by Steel Orbis. A large American manufacturer of pipelines and parts for…
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Steel production in the United States jumped by 3.6%The American Institute of Cast iron and steel (AISI) said that the production of steel in the United States last week grew by 3.6% after a fall by 3.9% on the year before last. In total, 1 million 819 thousand tons against 1 million 756 thousand tons of steel on December 31, 2012 to January 6, 2103…
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Demand for steel in the European Union will grow in 2013 - MepsIn 2012, the visible consumption of metal rolling in the eurozone fell by more than 13 million tons (8.7%), experts of the analytical agency MEPS (International) LTD. The debt crisis limited the working capital of the enterprises. Throughout the last year, the prices for metal rolling in 27…
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Brazilian usiminas raises leaf steel prices from January 20The second largest steel company Brazil, USINAS Siderurgicas de Minas Gerais Sa (usiminas), accepted it decided to increase the selling prices for hot -rolled sheet steel. This is reported by Bloombreg reporters. As stated in the message, starting on January 20, 2013, USIMINAS will increase…
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The Government of Ukraine will release bonds of 8 billion hryvnias to save NaftogazThe Cabinet of Ministers decided to urgently increase the authorized capital of Naftogaz of Ukraine by eight billion hryvnias by issuing bonds of an internal state loan. This is stated in the Decree of the Government No. 12 of January 9, 2013. The capitalization scheme involves the issuance of…
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Half of Ukrainian steel exports are composed of slabs and workpiecesAccording to UGMK.info, in January-November 2012, Ukrainian metallurgists shipped 20 million 711 thousand tons of various metal rolling for export. The fall in the volume of supplies abroad of Ukraine reached 5.3% compared to the same period in 2011. Meanwhile, in November 2012, the export of the…
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US economy will grow by 2.5% in 2013At the Asian Financial Forum (AFF)), which opened today in Hong Kong, the Federal Reserve President Charles Evans said that the US economy will grow by 2.5% in 2013 and continue to increase by 3.5% in 2014. It is reported by Reuters. Charles Evans predicts the preservation of unemployment in 2013…
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Persian Gulf countries create 34% of world demand for steel pipesThe three largest metallurgical companies of the Commonwealth of the Arab states of the Persian Gulf (GCC), held a joint press conference at which they reported the creation of the Arab Pipe Association. Arabia Essen Welding & Cutting, Tekno Arabia and Tube Arabia reported that the development…
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The price of iron ore is growing, and shares of mining enterprises are fallingThe largest mining companies in the world last week became the leaders of the fall in the value of shares and securities, Bloomberg reports. The cost of papers of the largest company of this industry BHP Billiton dropped by 2.7%, Rio Tinto - 1.2%, Anglo American - by 1.5%. Bad news in the markets…
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Bonds of the Novolipetsk Mining Plant turned out to be nobody neededOn January 11, 2014, the Russian Federal Financial Market Service (FSFR) said that 9, 10 and 11 issues of bonds of OJSC Novolipetsk Metallurgical Plant (NLMK) were recognized as failed and canceled their state registration for a total of 30 billion rubles. Bonds 9, 10 and 11 episodes were…
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