Metallurgy news

• Europe plans to significantly reduce the number of blast furnaces The World Steel Association (Worldsteel) has warned that many factories in Europe are likely to shut down blast furnaces over the next twenty years to manage excess capacity in the region. According to the chairman of Worldsteel Wolfgang Eder, 6 to 8 facilities, which provide almost two-thirds of... 06.03.2015  11:20

• Steel production in Ukraine fell by 29 percent since early 2015 Steel production in Ukraine, hit by the military conflict in the east of the country, fell 29 percent to 3.46 million tonnes in the first two months of 2015 compared to the same period last year, according to the Metallurgprom steelmaking association. The merger does not substantiate the fall in... 06.03.2015  10:33

• Russia has increased the export of ferrosilicon According to the latest statistics, Russian exports of ferrosilicon increased significantly in 2014. Exports totaled 426,162 tons, up 7.2 percent from 397,738 tons the year before. Export volumes during December last year were slightly higher than in the previous month. Ferrosilicon exports in... 05.03.2015  12:09

• At MMK, Mill 2000 set a new record for hot rolled steel production OJSC Magnitogorsk Iron and Steel Works produced over 526,000 tonnes of metal at its 2,000 hot-rolled mill in January 2015, a new record in terms of production since the mill was opened in 1994. The previous monthly record was 520,000 tons and was set in October 2014. Hot Rolling Mill 2000 at MMK... 05.03.2015  11:30

• China plans to increase the use of clean energy China is going to accelerate policies to promote clean and renewable energy sources and strengthen the fight against overproduction in polluting industrial sectors. Overcapacity remains a problem in a number of sectors, including metallurgy, so additional measures will be taken to encourage mergers... 05.03.2015  10:21

• It's a fantastic time for the Russian steel industry The depreciation of the ruble, which led to a deterioration in the economic situation for many Russian enterprises, but not for all. The country's steel mills suddenly found themselves in the most favorable conditions among other world producers. Steel producers, including OJSC Novolipetsk... 04.03.2015  12:32

• UK Reports Potential Problems When Welding Chinese Structural Steel The UK Steel Industry Association has issued a safety warning regarding the use of imported Chinese steel products. According to the notice, imported steel plates and sections from Chinese manufacturers do not fully meet the specified standards. It should be noted that the association issued a... 04.03.2015  11:33

• Stainless Steel Exports Rise in Japan According to the latest figures released by the Japanese Ministry of Finance (MOF), the country has seen an increase in stainless steel exports since the beginning of 2015. Export of stainless products increased slightly compared to export during the last month of last year. Stainless steel... 04.03.2015  11:04

• Ilyich Iron and Steel Works installed a Thermatool HF generator in a pipe electric welding shop by videoconference At the plant them. Ilyich, despite the crisis situation in the metallurgical industry, it was possible to implement another large investment project. This was announced by the general director of the Ilyich Iron and Steel Works Yury Zinchenko. A new modern transistor HF generator manufactured by... 03.03.2015  20:56

• China cuts lending rates amid weak demand and deflation China's central bank cut interest rates for the second time in less than four months, a new sign that the country's leadership is acting more aggressively in an attempt to curb economic growth. The Chinese government is expected to present its 2015 growth forecast of about 7 percent, up from 7.5... 03.03.2015  12:15