Metallurgy news

• Korean steelmakers reduce investment to 2007 level According to the Korean Iron and Steel Association, domestic metallurgists are planning to spend 4.57 trillion this year. KRW (Korean won) for the construction of new production facilities and maintenance of existing equipment, down 24.8 percent from last year. It is also the lowest investment... 27.05.2014  15:46

• Chinese Steel Mills Establish Electronic Trading Platform Online trading platforms have been launched by Chinese steel companies in the hope that the Internet will drive sales and help them get through their rough days. These platforms not only reduce costs, but also provide customers with better access to information, allowing them to freely trade stocks... 27.05.2014  15:20

• Kobe Steel and Toyota Tsusho are exploring the production of aluminum sheets for the automotive industry in the United States Kobe Steel Limited and Toyota Tsusho Corporation decided to consider establishing a joint venture to manufacture and market aluminum sheet for automotive body panels and automotive heat exchangers in the United States to meet the needs of the domestic and overseas market. Both companies plan to... 27.05.2014  14:52

• Deutsche Bank refuses to fund expansion of Adani coal port in Australia Deutsche Bank has refused to fund the expansion of one of the world's largest coal ports of the Indian Adani Group near Australia's Great Barrier Reef after protests by green activists. Australia approved a major expansion of the coal port at Abbot Point last year in line with strict... 26.05.2014  13:12

• Metalloinvest begins installation of oxygen station equipment at OEMK Metalloivnest at the Oskol electrometallurgical plant, which is part of his company, is installing an oxygen station with a cryogenic air separation unit with a capacity of up to 20,000 m3 /h of oxygen. A set of technological equipment and metal profiles for installation have now been... 26.05.2014  12:52

• Tenaris Extends Joint Venture Agreement to 2030 Tenaris SA, a leading global supplier of steel pipes and related services to global energy and several other industrial applications, announced the successful renegotiation of the terms of its joint venture agreement with JFE Steel Corporation to manage and operate NKKTUBES. NKKTUBES is a... 25.05.2014  12:37

• Tenova plans to build DR plants in the US and the Middle East Tenova HYL is in talks with steelmakers in the United States and the Middle East to build factories that produce raw materials using large quantities of natural gas to produce high quality steel. The company specializes in the construction of DR plants from iron ore using natural gas to make... 25.05.2014  12:02

• The future of EU steel depends on the coming of the next European Commission European metallurgy continues to face serious challenges despite recent moves in Brussels to curb the region's industrial decline and moderate its climate protection targets, but this is enough to secure and strengthen the sector's future. Despite the improvement in the economic situation, the... 25.05.2014  11:35

• Japanese steel production drops after tax hike Steel production in Japan fell 2.5 percent in April from a year earlier, as demand slowed after the introduction of a sales tax earlier in the month. Japan's Department of Commerce is forecasting a 3.8 percent decline in the April-June quarter as a whole. At the same time, steel production in... 24.05.2014  13:26

• ArcelorMittal receives three awards at Platts Global Metals The annual awards, which define excellence and achievement in the global steel industry, were presented in London. ArcelorMittal won the Deal of the Year nomination for the acquisition of ThyssenKrupp Steel USA through a joint venture with Nippon Steel & Sumitomo Metal Corporation. The deal, which... 24.05.2014  12:27