Metallurgy news

• Steel prices rise for the third month in a row For the third month in a row, March saw a slow rise in prices on the global steel market. This is the result of a gradual improvement in demand in most markets and a decline in steel production. In February, global steel production fell 3.3 percent and China's 4 percent. Chinese production may... 02.04.2016  09:07

• Ukraine has increased the production of pig iron by almost 25 percent The production of iron and steel in Ukraine has been growing for the fourth month in a row, uaprom.info reports, citing data from the Metallurgprom industry association. In the first quarter of this year, Ukrainian metallurgists smelted 6.114 million tons of steel (+ 18.6 percent to the APRG),... 01.04.2016  12:23

• Eurasian Commission introduced anti-dumping duties on steel from Ukraine The EEC has introduced duties for 5 years at a rate of 9-11 percent on the import of Ukrainian-made steel bars. In particular, an individual duty of 10.11 percent of the customs value is set for the Yenakiyevo Metallurgical Plant, for ArcelorMittal Kryvyi Rih - 9.32 percent. For other... 01.04.2016  12:11

• Swiss banks want to make money on Russian privatization UBS and Credit Suisse will advise on the upcoming privatization of Russian state-owned enterprises, apparently without violating sanctions. But first of all, experts make a business assessment, which includes a detailed calculation of all assets of the enterprise, namely structures, buildings,... 31.03.2016  12:04

• 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