Metallurgy news

• Partial privatization of the largest shipyard in Ukraine The State Property Fund of Ukraine (SPFU) sold a stake in the country's largest shipyard - the Black Sea Shipyard (ChSZ). It was sold on the Ukrainian Stock Exchange in Kiev, according to the rules of the Dutch auction (the asking price is gradually decreasing). This scheme was applied due to the... 31.03.2016  11:27

• ThyssenKrupp buys property in Hungary The German company Thyssenkrupp has bought a service center working to fulfill orders from the automotive industry. This will allow the company not only to increase its volume, but also to expand its capabilities - in addition to the ferrous metallurgy plant, it will also process aluminum and... 31.03.2016  10:59

• Germany's scrap metal exports fell to 6-year low in 2015 The latest statistics provided by the German Steel Recycling Federation (BDSV) indicate that the country's scrap exports in 2015 hit their lowest level since 2009. Germany's scrap steel exports totaled 7.366 million tonnes during 2015, down 16.3 percent from the previous year. German scrap... 30.03.2016  13:22

• Tata Steel plans to sell factories in the UK Tata Steel, Europe's second largest steel producer, has announced plans to sell its steel mills in Wales and England, threatening nearly 20,000 jobs. The decision was taken at a meeting of the company's board on Tuesday in response to unprofitable plants, which over the past five years have... 30.03.2016  12:57

• Russia in 2015 supplied military products to 58 countries According to a statement by Russian President Vladimir Putin, Russian-made military products were supplied to 58 countries throughout 2015, expanding into new markets in Latin America, Africa, South Asia and the Middle East. Putin stressed that ties with Russia's main traditional partners,... 30.03.2016  11:33

• Tata Steel decides the fate of two UK steel mills Tata Steel's fateful board meeting is scheduled to take place today to decide the fate of two UK steel mills. The meeting is expected to announce the company's final decision on whether to keep or sell the Scunthorpe and Port Talbot plants. Thousands of UK jobs in the sector will be at risk if Tata... 29.03.2016  12:38

• World DRI production drops 12 percent in February Data released by the World Steel Association indicates that global production of direct reduced iron (DRI) in February this year fell sharply by almost 12 percent from the previous month. Global DRI production during February 2016 was 4.033 Mt, down 11.50 percent from 4.557 Mt achieved in... 29.03.2016  12:04

• US University Lecturer Hijacked Egyptian A320 An EgyptAir passenger plane en route Alexandria - Cairo was hijacked and landed at Larnaca airport in Cyprus. The hijacker threatened the commander and passengers that he would undermine the suicide belt if his demands were not met. There were 81 people on board. The captured Egyptian A320... 29.03.2016  11:46

• Gazprom approves large pipeline rehabilitation and reconstruction program The Russian gas giant has approved a plan for the repair, restoration and reconstruction of gas transport facilities for 2016-2020. The scale of work will certainly be enormous. Gazprom has the largest network of large-diameter gas pipelines in the world, their length reaches 170,700 kilometers,... 28.03.2016  12:51

• The ten largest countries in the world by steel production in February 2016 According to the latest statistics released by the World Steel Association, the global crude steel output of the 66 countries reporting to the Association was down 3.3 percent from February last year. The ten largest producing countries in the world in terms of total crude steel volume during... 28.03.2016  12:38