Metallurgy news

• Nippon Steel buys its rival Nisshin Steel Japan's largest steelmaker, Nippon Steel & Sumitomo Metal, announced today that it is looking to acquire its rival and fourth in the sector, Nisshin Steel. This acquisition will give the company control over about half of the domestic market. Nippon Steel is already the majority shareholder of... 01.02.2016  11:08

• China's steel sector suffers losses The dramatic changes in China's steel industry reportedly resulted in losses for more than half of the largest producers in the past year. The country's metallurgy, which accounts for more than half of world production, last year for the first time since 1981 reduced steel production by 2.3... 01.02.2016  10:49

• Toyota plans to stop production in Japan for 1 week due to steel shortage Toyota Motor Corp says it is forced to halt production at all car assembly plants in Japan between Feb. 8 and Feb. 13 due to a steel shortage following an explosion at one of its steel mills. The largest automaker reported on Saturday that it exploded at its Aichi Steel Corp plant that makes... 01.02.2016  10:23

• Middle East steel production declined 2.4 percent in 2015 The increase in crude steel production in the UAE was unable to compensate for the decline in steel production in other countries in the region, so the output for 2015 decreased slightly. Crude steel production in the Middle East declined 2.4 percent in 2015. Output during the year was 27.371... 31.01.2016  11:47

• Russian foreign currency loans become a problem for European banks The depreciation of the ruble creates difficulties in repaying loans taken in foreign currency. In Moscow, there were recent demonstrations in the branches of the bank. In some European countries, banks have already been expropriated to protect domestic borrowers. The exchange rate of the ruble... 31.01.2016  11:00

• Alcoa signs multi-billion dollar deal with Boeing In New York, Alcoa Inc. signed a long-term supply contract with Boeing. The contract provides for the supply of heavy-duty components to the aerospace company Boeing. The deal is one of the largest in a series of long-term contracts the company has entered into with a leading global aerospace... 30.01.2016  17:50

• Metinvest plants in Mariupol increased production efficiency Over the past year, at the metallurgical plants of Azovstal and Ilyich, which are part of the Metinvest Group, the implementation of workers' proposals for improving production allowed to save over UAH 140 million. The economic effect was achieved thanks to the mobilization of internal... 30.01.2016  17:25

• Experts have lowered the forecast for the growth of the US economy Analysts are concerned that the US economy is performing much worse than the US government previously announced. Apparently, China is not the only one creating difficulties for the world economy. US industrial orders fell. Durable goods orders, including home appliances, fell 5.1 percent in... 29.01.2016  16:45

• EU steel production declined in 2015 Steel production in the EU-28 countries decreased by 1.8 percent compared to the previous year. In 2015, the annual production was 166.181 million tons, and in 2014 - 169.301 million tons. The latest figures released by the World Steel Association show that steel production in the EU-28 was 8.3... 29.01.2016  11:53

• Russia and Saudi Arabia ready to curb oil production A price war in the oil sector could force the most powerful opponents to abandon the fight for the global market. Russia and Saudi Arabia announced their readiness to curb the pace of funding. Prices for petroleum products rose significantly after the announcement of plans. Presumably, Saudi... 29.01.2016  11:24