Metallurgy news

• Outokumpu sells its pipe plant in the USA Outokumpu sells its pipe plant in Wildwood, Florida, USA to the leading US distributor of Taiwanese company Ta Chen International Inc. This was reported by the company MDM Group . The divestiture serves the company's financial and operational interests, allowing Outokumpu to focus on US... 02.08.2017  16:30

• China promises complete rejection of scrap metal Chinese Prime Minister Li Keqiang has pledged to maintain a "relentless" drive to halt induction furnace-based steel mills, boosting the country's steel and iron ore markets. The most active iron ore contract on the Dalian Commodity Exchange rose 8% today, while the most active rebar contract rose... 02.08.2017  10:35

• Wheat prices in Russia are stable Russian wheat export prices were stable last week after rising for 10 consecutive weeks as concerns about this year's crop quality and harvest eased. Russian wheat with 12.5% ​​protein and delivery in August Black Sea was $ 196 per tonne free of charge (FOB) at the end of last week, unchanged fro... 01.08.2017  11:00

• Strong demand for steel in China Steel prices in China continued to rise as the purchasing managers' index rose at the fastest pace since April 2016 in the last reporting month. China's steel industry is booming as the government seeks to combat overcapacity and rein in its more rebellious facilities. The elimination of... 01.08.2017  10:46

• Russian Nornickel reduced nickel output by 8% in the second quarter Russia's Norilsk Nickel said on Monday that in the second quarter, consolidated nickel production fell 8 percent from the previous quarter to 49,000 tonnes. The volume of nickel produced from our own raw materials amounted to 48 thousand tons, which is 2 percent less than in the previous... 01.08.2017  10:37

• Four organizers and more than a dozen journalists attended the "protest rally" in Kamenskoye The press service of the public joint-stock company "Dneprovsky Metallurgical Plant" reported on the unsuccessful attempt of the city activists of Kamensky to hold another protest rally. According to representatives of the DMK, the previous rally, held on June 19, gave its organizers the hope that,... 31.07.2017  16:04

• German business circles criticize US sanctions The East German Economy Commission is outraged by the US bill to sanction companies that do business with Russia. “Nord Stream 2 will improve the supply of gas to Europe and help us compensate for the losses in the supply of this raw material as a result of falling production in the EU, and thus ... 31.07.2017  12:22

• ArcelorMittal invests in France ArcelorMittal is investing around € 100 million in its factories in France. This is another step to increase the number of high value-added products. The company will invest 67 million euros in a new steel line for the automotive industry in Florange. It is one of three factories located in the L... 31.07.2017  12:01

• China's steel sector has made great strides in the first half of the year According to experts, thanks to deepening reforms in the country, China's steel industry achieved steady growth in the first half of 2017. This refers to the government's efforts to reduce production capacity and reduce demand for low-quality steel. Steel production in the first half of the year... 31.07.2017  11:54

• Hyundai Steel cut profit by 46% in Q2 Hyundai Steel Co., South Korea's second-largest steel company in terms of sales, said Friday that, due to lower demand in China, its net profit fell 46 percent in the second quarter from the previous year. "As shipments of automotive steel to Hyundai Motor Co and Kia Motors Corp's (China) plants... 30.07.2017  11:30