Metallurgy news
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The average price for steel in China has risenThe Chinese Ministry of Trade announced that during the last calendar week (December 17-23), the average price for steel in China increased not 0.2% compared to the previous week. In particular, last week the prices for a thick sheet and reinforcement rose most of all. Hot -rolled steel added…
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The Evraz group was allowed to buy the Razdadskaya mineThe Federal Antimonopoly Service of Russia approved the acquisition of indirect control over OJSC "Department" Disoladskaya "and its subsidiaries, the group’s press center reports. Representatives of Evraz plan to finish the purchase in the first quarter of 2013. "This acquisition will increase the…
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The hryvnia must be devalued - the Blazer Foundationoleg Ustenko, Executive Director of the Blayser International Foundation, noted that, amid high pressure on the hryvnia course, the flow of foreign investment in Ukraine is sharply reduced. “In the first half of the year, Ukraine is waiting for difficulties related to both the problems of servicing…
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Steel consumption in India will grow by 7% next yearThe Tata Steel manager said that the expected increase in demand for steel in the domestic market of India in 2013 will exceed 7%. "Government reforms will give an impetus to the growth of the economy. Given the moderate increase in world production of steel and stable prices for raw materials, we…
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Steel production in the United States has been growing for several weeks in a rowThe American Institute of Cast iron and steel (AISI) said on Wednesday that steel production in the United States has grown by another 0.7% over the past week, following a increase of 1.4% by the year before last. In total, from December 16 to 22, 2012, the production of steel in the United States…
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Metinvest introduces innovative developments in the field of information technologyThe official Web Sit of the group Metinvest launched a special section in test mode, which contains information about the current deficits of the company. Planning of the procurement of raw materials, materials and services by Ukrainian Metinvest enterprises is reflected in “ the Unified…
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Demand for steel pipes in the world will grow one and a half timesAccording to the Russian newspaper Izvestia, the global demand for steel pipes until 2017 will reach 151 million tons, increasing in comparison with lethargic demand one and a half times. The main engine of pipes deficiency will be the growth of the activity of the oil and gas and construction…
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The production of stainless steel in Russia fell by 12%According to experts of the Association of suppliers and consumers of special steels and alloys of the Russian Federation, in January - September 2012, the production of stainless steel products decreased by 11.6% in relation to the same period in 2011, to 75 thousand tons. The decline in the…
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Scrap metal will soon become very expensiveAfter two or three years, Ukraine will cease to export and begin to actively purchase scrap metal in price, according to the analyst of the Delphica project Yuri Dobrovolsky in the forecast balance of the harvesting and consumption of ferrous metal scrap in Ukraine until 2020. " Three years later…
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The largest South Korean steel company Posco received the Prize for Information ProtectionOn December 17, 2012, the South Korean steel company Posco won the first prize in the nomination "The Information Protection Award", established by the Korea Ministry of Communications. For the first time, the prize for "information protection" was awarded in 2002. Among the laureates are the…
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