Metallurgy news

• Countries increase gold and foreign exchange reserves amid economic instability According to the International Monetary Fund (IMF), the Dutch central bank is the tenth highest in gold and foreign exchange reserves in the world. According to the Dutch central bank, its reserves remain unchanged at 612.50 tons, or 53.9 percent of the country's total foreign exchange reserves.... 28.01.2015  09:18

• TMK on prospects for 2015 TMK is a major global manufacturer and supplier of steel pipes with production sites in Russia, Romania, Kazakhstan, the USA, Canada, the United Arab Emirates, Oman, and has established R&D centers in Houston (USA) and Russia. Recently, Pipe Metallurgical Company announced its prospects for the... 27.01.2015  12:29

• ArcelorMittal closes East Chicago plant Chicago, Illinois. The city's steel industry is taking another blow as ArcelorMittal plans to close the 114-year-old plant, potentially resulting in the loss of more than 300 direct jobs, as well as many indirect jobs associated with the facility. The company says it plans to idle for the next... 27.01.2015  11:42

• Steel production has grown in all Asian countries All Asian countries saw an increase in steel production throughout 2014 as a whole, and a modest 1.2 percent increase in the region in December, according to the latest data released by the World Steel Association. China's total crude steel production during December 2014 was 68.090 million... 27.01.2015  11:04

• China plans to build Beijing-Moscow high-speed railway China's municipal authorities are planning to build a 7,000 kilometer railroad between Moscow and Beijing worth $ 1.5 trillion. yuan ($ 242 billion). China is about to showcase its high-speed rail technology internationally for the first time. The 7000 km railway line should facilitate... 26.01.2015  09:12

• Weak ruble helps Norilsk Nickel offset metal prices The fall in metal prices is now more than offset by the ruble slump in Russia, allowing Norilsk Nickel to maintain margins despite lower foreign exchange earnings. Vladimir Potanin, president and co-owner of Norilsk Nickel, said that if metal prices remain at current levels, Norilsk Nickel's... 26.01.2015  09:06

• Saudi Arabia offers cheaper gas to steel producer Al Tuwairqi After the Pakistani government refused to supply gas at a preferential price to Tuwairqi Steel in Pakistan, the Saudi Arabian government is seeking to provide the holding with cheap gas. Moreover, this price is lower than the steel manufacturer demanded from the Pakistani government Tuwairqi... 26.01.2015  09:02

• TMK Announces Operating Results of its Russian Division for 2014 TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry and industrial use, operating at 28 production sites in Russia, Romania, USA, Canada, Oman, United Arab Emirates, Kazakhstan, reported its results for the 4th quarter and the whole of 2014. In 2014, the... 25.01.2015  13:50

• In the European Union, steel distributors are skeptical about price increases Many German steel buyers believe that the case for higher base prices for flat products is not convincing given that raw material prices have fallen. In addition, there are attractive offers for imports from third countries, and due to the euro /dollar exchange rate, supply still exceeds demand.... 24.01.2015  15:25

• World steel production grew by 1.1 percent in 2014 According to the latest statistics released by the World Steel Association, steel production from the 65 member countries reached 1,636.960 million tonnes in 2014, a slight increase of 1.1 percent over 2013 production. The total steel production of the EU-28 countries during 2014 was 169.243... 23.01.2015  15:20