Metallurgy news

• Two power poles were blown up near Chongar - activists demand to cut off electricity in Crimea for security reasons On October 20, at night, near Chongar, 2 more electrical pylons of the Melitopol-Dzhankoy line were blown up, which supply electricity to Crimea. Structures were damaged, but did not fall. The explosions occurred as a result of the detonation of mine explosive devices, which mined at least two... 20.10.2015  11:28

• Posco's operating profit increased 0.5 percent South Korean steel company POSCO said its third-quarter operating profit increased 0.5 percent to 638 billion won (approximately $ 566 million). Analysts had expected Posco's profits to fall to 608 billion won. According to the company, it was able to increase profits thanks to the... 20.10.2015  11:00

• More than 5,000 metallurgists lost their jobs in the UK in three weeks The scale of the crisis in the UK metallurgical industry was estimated by the Independent, calculating that 5,100 people have been laid off in the industry since the beginning of the month. At the same time, David Cameron's cabinet has completely withdrawn from the solution of this problem, British... 20.10.2015  10:05

• S&P upgraded Ukraine's credit rating to B- /B The international rating agency S&P has upgraded the rating on long-term and short-term liabilities of Ukraine in foreign currency from SD /D (selective default) to B- /B. The sovereign rating of Ukraine on long-term and short-term liabilities in the national currency was raised from the... 19.10.2015  21:10

• Leaders of 75 steel companies worldwide sign Sustainable Development Charter Worldsteel World Steel Association Worldsteel announced that the Charter for Sustainable Development, developed by it, was signed by the heads of 75 steel companies of the world. The charter includes seven main principles for the sustainability of the steel industry, including: an effective financial... 19.10.2015  18:20

• Metallurgists of Great Britain have announced three demands for the government At a summit held on Saturday with the participation of heads of metallurgical companies and the British government, businessmen voiced three main requirements, the fulfillment of which could save the dying steel industry of Foggy Albion. First, the metallurgists have demanded to immediately... 19.10.2015  12:57

• AK Steel Shares Down 6.54% AK Steel Holding Corporation shares lost 6.54% last week. Since the beginning of the year, the shares of the metallurgical company have plunged 55.38 percent. Low steel prices and a high level of competition with imported rolled metal products forced the company to begin mass layoffs and... 19.10.2015  10:58

• Metallurgists in China reduced purchase prices for scrap metal Steel mills in China have announced that the purchase price of scrap metal has been reduced to RMB 1,200 (approximately US $ 190) per tonne. The reason for the decline in purchase prices was a record drop in prices for steel reinforcement in the domestic market of the PRC. Traders anticipate... 19.10.2015  10:39

• Donetskgormash restores foundry The largest mining engineering enterprise in Donbass and Ukraine, Donetskgormash State Enterprise, has launched its own foundry production of parts for mining equipment for the first time in 6 years. The Donetsk News Agency (DAN) was informed about this by its director Vasily Mudretsov. “We have ... 18.10.2015  11:53

• Merkel: German investments will not come to Ukraine as long as the country is ruled by oligarchs The dominant role of oligarchs in Ukraine must be abolished if the country wants to receive German investment. This was stated by German Federal Chancellor Angela Merkel in her weekly video message, dpa agency reports. “People need to be provided with transparency, corruption must be fought,” the... 17.10.2015  16:03