Metallurgy news

• Mechel OAO is studying a new plan to liquidate debt Mechel of Russia is in discussions with the government and local banks on a new plan that should help the company reduce its debt by approximately US $ 9 billion. It is believed that the proposal could include a merger of some of Mechel's assets with metallurgical plants and mines owned by... 06.07.2014  11:52

• Posco and China's Chongqing Iron & Stee Sign Joint Investment Agreement Posco, a South Korean steelmaker and the Chinese steelmaker Chongqing (Chongqing) have signed a memorandum of understanding to implement joint investment projects worth about $ 3.3 million, the South Korean Ministry of Commerce said in a statement. The MOU will address a wide range of issues,... 06.07.2014  10:49

• China's Exports of Welded Steel Pipes Decline in May Exports of welded steel pipes in the country declined during May 2014 compared to May last year, according to data released by the Chinese customs authorities. Nevertheless, in comparison with the previous month, the demand for steel pipe on the world market was at a high level, so exports... 04.07.2014  12:26

• Severstal increases steel supplies to manufacturers of household appliances Russian steel producer Severstal says it intends to supply 60 thousand tons of steel for companies producing household appliances and packaging in the second half of the year under already signed contracts, and 19.5 thousand tons under contracts that will be closed in the third quarter of... 04.07.2014  12:24

• Vietnamese government to continue construction of Vung Ang Steel Despite the fact that a government spokesman announced the rejection of the offer of investors from the Taiwanese company Formosa to create a special economic zone, construction in Ha Tinh will continue, which will require the use of large construction equipment, which will have to be delivered to... 04.07.2014  11:19

• AISI calls on Obama administration to control currency manipulation The American Iron and Steel Institute (AISI), along with other trade and economic groups, has called on the Obama administration to strictly enforce currency-manipulation measures in all future US Free Trade Agreements (FTAs). The trade group, together with AISI, sent a letter to Jack Lew,... 04.07.2014  10:01

• Turkish steel imports and exports declined during January-May 2014 The latest statistics released by the Turkish Statistical Institute point to a sharp drop in the country's imports and exports in the first five months in 2014. According to the statistical office of Turkey, imports of iron and steel in the first five months of this year in monetary terms... 03.07.2014  12:03

• Australian giant BHP ships 1 billion ton of iron ore to Japan The laden ship left the port of Hedland in Western Australia to deliver the billionth tonne of iron ore that Australia's largest mining company, BHP, sent to Japan. Most of the old mines in the Pilbara region were established in the late 1960s and 70s based on growing demand from Japan as the... 03.07.2014  12:00

• Kenya Turns to Indian SAIL to Create an Integrated Steel Company Kenya has expressed interest in building an integrated steel mill through a joint venture with the Steel Authority of India (SAIL) in East Africa. The High Commissioner of India in Kenya approached the Chairman of SAIL explaining that the Kenyan government is looking forward to working with SAIL... 03.07.2014  10:51

• In the United States published data on the allowed imports of steel in June The Department of Commerce and Data Analysis (SIMA), in conjunction with the American Iron and Steel Institute (AISI), announced that applications for steel imports in June received a permit in the amount of 3,436,000 tons. This is 14% less compared to preliminary May imports, which totaled... 03.07.2014  10:25