Metallurgy news

• ArcelorMittal's new acquisitions in Brazil ArcelorMittal Brasil and Votorantim have signed an agreement under which the Brazilian part of the Votorantim pipeline business will become a subsidiary of AMB. As a result, a company with a capacity of more than 5 million tons of steel and rolling mills will be created. Votorantim will receive... 24.02.2017  13:04

• Turkish steel production rises in January Turkey's steel production increased 12.8% in January compared to the same period in 2016 and 3.3% compared to the previous month, according to the Metallurgical Association of Manufacturers (TCUD). The steelmaking capacity of electric furnaces increased by 13.9% compared to the same period in... 24.02.2017  12:57

• Global scrap consumption increased 3.3% in 2016 In 2016, the apparent consumption of scrap metal in the world amounted to about 556 million tons, an increase of 3.3 percent compared to 2015. For two consecutive years, scrap metal consumption has grown steadily, reaching over 500 million tonnes recorded in 2011. The Russian scrap metal market... 24.02.2017  12:51

• ThyssenKrupp divested of assets in South America ThyssenKrupp will receive 1.5 billion euros for its Brazilian CSA plant. The buyer was Ternium, which needs a source of slabs. Thus, ThyssenKrupp Steel eliminates the American segment. Both sides are currently awaiting government approval. Completion of the transaction is possible before the end of... 24.02.2017  12:43

• Steel production in India increased by 12% in January In January 2017, steel production in India increased by 12% to 8.4 million tonnes compared to the same period in 2016, when the country's steel output was 7.5 million tonnes. This is well above the 7% growth in total global steel production, which stood at 136.5 million tonnes in January... 23.02.2017  12:22

• Metallurgists of Zaporizhstal opposed the blockade of railway communication with Donbass The labor collective of "Zaporizhstal" appealed to the mayor Vladimir Buryak and the city council deputies with an appeal to use all methods and means admissible by the law of Ukraine to resolve the problem of blocking railway communication with Donbass as soon as possible. This was reported on the... 23.02.2017  12:11

• Swiss company is going to make millions with Nord Stream 2 Gazprom and the Swiss company Allseas Group have signed a contract for the construction of the offshore section of Nord Stream 2. This is another order from the Russian concern for a Swiss company that specializes in laying subsea pipelines. Previously, the company agreed to perform seabed... 23.02.2017  12:02

• World steel production increased in January In January of this year, steel production in the world reached 136.5 million tons, an increase compared to January last year by 7 percent. China, the European Union, Turkey, Russia, Ukraine and Kazakhstan have increased steel output. Russia produced 6.183 million tons, increasing steel output by... 23.02.2017  10:46

• Miners benefit from rising commodity prices Two of the world's largest mining companies, BHP Billiton and Anglo American, reported skyrocketing profits, fueled by rising commodity prices. BHP's half-year profit was $ 3.24bn (£ 2.6bn), up from $ 412ma a year earlier. Chief Executive Officer Andrew McKenzie said the strong results also ... 22.02.2017  11:58

• Scrap metal deficit in Ukraine may reach 1 million tons in 2017 According to the forecast, in 2017, 2.9 - 3.1 million tons of scrap metal will be procured in Ukraine, which is less than the actual supply to Ukrainian plants in 2016, which amounted to 3.2 million tons. In addition, this is significantly less than the demand in 2017, which, according to... 22.02.2017  11:41