Metallurgy news

• BHP cuts 140 jobs in South Australia Around 140 jobs at BHP Billiton in Adelaide are poised to cut after warnings following falling commodity prices. It is noted that in the resource sector of South Australia over the past 12 months, the number of lost jobs, taking into account the latest cuts, will be brought to 900, and the... 25.06.2015  13:43

• Mechel Q1 2015 production and sales results In the first quarter of 2015, Mechel Group enterprises showed stable results, despite the low prices for the main products of the division. Production was maintained at planned levels, and even improved some indicators. A good example of successful work is the increase in coal production from the... 25.06.2015  12:12

• Global steel production continued to decline in May According to the latest statistics published by the World Steel Association, steel production from the 65 member countries was 139.308 million tonnes in May 2015, down 2.1 percent from 142.317 million tonnes in the same month last year. ... Total crude steel production in the EU-28 countries... 24.06.2015  14:14

• Kazakhstan and India are exploring joint projects ASTANA - India and Kazakhstan are considering various mining, oil and gas projects, paving the way for bilateral agreements to be signed during Indian Prime Minister Narendra Modi's visit to the country in early July. For this purpose, an interdepartmental working group was created. Joint... 24.06.2015  13:29

• Metallurgical companies in China are expanding production overseas Chinese steel companies turned their attention to overseas markets with the aim of building production facilities after focusing on the acquisition of mines. Recently, it was reported that the Chinese steel group Anshan (Ansteel) is planning to build a steel plant with an annual production of 85... 24.06.2015  11:03

• Russian metallurgists are ready to face economic challenges - Moody's Russian steelmakers reduced their debts in 2014 as profitability improved significantly due to the devaluation of the ruble against the US dollar, as well as due to the implementation of successful programs to reduce costs and complete investment cycles, according to the rating agency... 23.06.2015  14:44

• ArcelorMittal is ready to invest $ 1.2 billion in Kryvyi Rih During his visit to the Ukrainian enterprise of PJSC ArcelorMittal Kryvyi Rih, Chairman of the Board and Chief Executive Officer Lakshmi Mittal stated that steel giant ArcelorMittal will invest US $ 1.2 billion in its Ukrainian subsidiary. He stated that ArcelorMittal plans to continue investing in... 23.06.2015  14:01

• Dutch company achieves 96% vehicle utilization A recently released report from the Netherlands-based company ARN Auto Recycling over the past year noted the sustainability of its recycling technologies, which have achieved 96 percent recycling and recovery of materials by vehicle weight. It should be noted that the European Region has set a... 23.06.2015  13:11

• Exports and imports of brass in the USA for April and 4 months of 2015 US exports rose slightly and imports of rolled brass fell in April this year, according to the latest statistics released by the Council of Copper and Brass Producers. Rolled brass imports in April 2015 were £ 47.8 million, down 1.5 percent from £ 48.6 million in April 2014. Exports of rolled brass ... 22.06.2015  15:28

• Metinvest will appeal to London court in case of refusal of Eurobond holders to restructure shares Metinvest, a mining and metallurgical company, has notified its Eurobond holders that if the next meeting of Eurobond holders with maturity in 2015, scheduled for June 26, does not take place, the company will have to go to the Royal Court to defend its rights. As previously reported, in connection... 22.06.2015  12:17