Metallurgy news

• US Energy Regulations Could Seriously Hurt Metals Companies The American Iron and Steel Institute (AISI) commented on the US Environmental Protection Agency (EPA) proposal endorsed by President Obama, believing it could seriously harm the country's international steel industry competitiveness. Thomas Gibson, president of AISI, said electricity is one of... 03.06.2014  12:07

• World gold prices are falling Gold prices fell on the London Stock Exchange to 4-month lows at around $ 1,252 an ounce, while new US data showed the largest economy is contracting faster than analysts predicted earlier this year. US GDP contracted 1 percent in Q1, leading to lower bond yields. Deutsche Bank analysts say... 03.06.2014  11:22

• Siemens wins order for Mulpic cooling system from China Steel China Steel Corporation (CSC), a Taiwanese steel manufacturer, has ordered the installation of the Mulpic (Multipurpose Cooling System) system from Siemens Metals Technologies. An intensive cooling line is being installed on the existing rolling mill and will be operational by June 2015. The Mulpic... 02.06.2014  12:47

• US construction companies hit the pride of domestic manufacturers In search of a steel supply company for the Verrazano Bridge project in the United States, New York-based Metropolitan Transportation Authority (MTA) turned to Chinese steel. The MTA said it "could not find an American manufacturer." This was a blow to the pride of the US steel industry, as... 02.06.2014  12:02

• Ducab to build aluminum plant in Abu Dhabi Ducab Aluminum announces plans to establish a major plant in Khalifa, located in the industrial zone of Abu Dhabi, also known as Kizad. Ducab is a supplier of cabling and wiring products in the UAE and has now signed an agreement to acquire a plot of land for the construction of an aluminum plant... 02.06.2014  11:12

• In the United States, a decision was made on wire rod from Brazil, Indonesia, Mexico, Moldova, Trinidad and Ukraine The US International Trade Commission (ITC) has issued its rulings for the coming five-year duties on carbon and certain alloy steel wire rods from Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine. Regarding the existing countervailing duty on wire rod from Brazil and the... 01.06.2014  12:57

• Australian miners' mining costs skyrocket Australia has invested heavily in the development of the mining industry, but last year it was decided to cut the industry's costs by a third. The combination of skyrocketing costs and declining raw material prices over the past five years has led to a dramatic turn in the fortunes of 42 of the... 01.06.2014  11:25

• Siemens plans to cut about 11,600 jobs Joe Kaiser, CEO of the German multinational Siemens, said the German engineering super giant is going to phase out at least 11,600 jobs in an effort to become more profitable and catch up with rivals. At a conference webcast in New York this week, Kaeser said about 7,600 positions will be cut... 01.06.2014  10:28

• Egyptian steel firms need anti-dumping duties on cuts in energy subsidies Egypt's Ministry of Commerce has been looking into the possibility of introducing anti-dumping duties on imports of Turkish steel products since late last year, but the tariffs are still in place. Turkey has introduced energy subsidies since 1990 and they protect its steel industry. In Egypt... 31.05.2014  15:58

• POSCO E&C uses Vietnam as a springboard for its Southeast Asia business POSCO E&C, a subsidiary of the largest steel producer in Korea, specializing in the construction of steel plants and urban development facilities, marked two decades of business in Vietnam. The construction firm has built a luxury shopping center in Ho Chi Minh City and the Poslilama Iron and Steel... 31.05.2014  15:35