Metallurgy news

• Arcelor Mittal announces closure of Georgetown wire rod plant Arcelor Mittal North America has decided to close its Georgetown, South Carolina wire production in the third quarter of this year. The company said “difficult market conditions” were the main reason for the closure. According to the company, high transportation costs, unfair and cheap imports from ... 15.05.2015  12:09

• Steel consumption in China may fall by 6 percent this year - CISA Chinese industry representatives stressed that the slowdown in economic growth in the world's 2nd economy will continue to negatively affect industrial demand for steel. In this connection, the Association of Chinese Steel Producers CISA believes that steel consumption in China may decrease by 6... 15.05.2015  11:34

• EU fixes import duties for electrical steel The European Union plans to impose anti-dumping duties on electrical steel imports from Russia, China, South Korea, Japan and the United States to protect European steelmakers from cheap imports entering the EU market. This decision was taken following the consideration of a complaint filed by... 15.05.2015  10:56

• US scrap metal exports rise in March Exports of scrap metal in this country since the beginning of 2015 have tended to decline. However, exports rose sharply during March this year, as evidenced by the latest data released in the US by the International Trade Commission. According to these data, the export of scrap metal from the... 14.05.2015  11:02

• Steel production in Ukraine fell by 30 percent in January-April According to the data of the METALLURGPROM business association, steel production in Ukraine decreased by 30 percent to 7.08 million tonnes in the first four months of 2015 compared to the same period last year. The merger said pig iron production fell 32 percent to 6.43 million tonnes, while... 14.05.2015  10:41

• Rusal reported profit in Q1 Rusal made a net profit of $ 228 million in Q1 2015, up from a loss of $ 246 million in the same period last year, according to a report on the Hong Kong Stock Exchange. Rusal's profit was driven by higher LME aluminum prices, ruble depreciation and cost control, although the largest aluminum... 14.05.2015  09:38

• Belarus and Turkey are going to significantly increase the production of tin The commissioning of new factories in Belarus and Turkey will significantly increase the production of electrolytic tin. The new lines will ensure the growth of exports from these countries to the CIS and the European Union. The two facilities together are expected to add 495,000 tonnes of tinplate... 13.05.2015  15:14

• Severstal knocks out equipment from CMI Industry The new complex of metal coatings will be built at the site of the Cherepovets Metallurgical Plant, the largest integrated steel plant in the Severstal division. The Belgian company CMI Industry was selected as a supplier of technological equipment. The complex consists of a continuous hot-dip... 13.05.2015  11:58

• ThyssenKrupp Expands Investment in China's Steel Sector German industrial group ThyssenKrupp has agreed to buy a stake in a Chinese steel company to strengthen its position as a supplier of products to carmakers in southwestern China. Other areas in which ThyssenKrupp is experiencing strong growth and leading the market in China include slewing bearings... 13.05.2015  09:53

• Baosteel keeps June product prices unchanged In China, major steelmaker Baoshan Iron & Steel will maintain current prices for its main products in June. The company said it will keep the price of hot coils and cold rolled coils for some brands unchanged. Cooling economic growth, in line with government plans, and a downturn in the real... 12.05.2015  11:34