Metallurgy news

• Toyota Tsusho buys Scholz AG stake in Germany Japan's Toyota Tsusho acquires a 39.9% stake in the loss-making Scholz AG group from the Scholz family to financially put the German Metal Recycling Group on a solid footing. In Germany, Scholz is one of several recycling companies capable of providing a complete recycling system through a wide... 21.04.2014  11:33

• Exports of steel scrap in Russia in the first months of 2014 Russia exported 245,000 tons of scrap metal in February, up 12.7 percent YoY, but down 1.5 percent from a month earlier. In February, Turkey was the largest importer of Russian scrap metal with 94 thousand tons, a decrease of 24.4 percent. South Korea was the second largest importer with 50... 20.04.2014  17:26

• CSC steel prices go off scale for June orders China Steel Corporation is raising steel prices from last month for June shipments, citing uncertainty in Chinese sentiment. Liu Ji, the company's vice president of sales, said that “Steel prices in China were sliding down as the end of the Lunar New Year was pointing to lower-than-expected market s... 20.04.2014  16:52

• Hyundai Steel receives export orders from UAE The Korean company Hyundai Steel, after its belated entry into the steel plate market at the beginning of the year, is receiving many orders for its overseas projects. The steel company announced this month that it plans to supply 25,000 tonnes of steel products by June 30, 2014, including 12,000... 20.04.2014  16:08

• ArcelorMittal Poland opens new rolling mill ArcelorMittal Poland held an official opening ceremony for a new installation for the production of long rails and welding table in Dбbrowa Gornicza, which is one of three facilities in the world capable of producing 120 meter rails for the rail industry. To this day, the rolling mill at ... 19.04.2014  15:06

• European markets remain under pressure from supply and demand imbalances The imbalance between supply and demand continues to have a strong impact on European flat steel prices. This was reported by the British think tank MEPS. Despite the optimistic macroeconomic indicators of the eurozone, clients of metallurgical companies are in no hurry to place their orders.... 19.04.2014  14:16

• China's major steel mills report falling prices in tune with market sentiment Despite the surge in Chinese steel prices in April, large factories in that country remain realistic and consider maintaining such a price questionable. It would seem that the 2% rise in the last two weeks is encouraging, but there is a slight drop in prices today. China's two main factories,... 18.04.2014  12:22

• NSSMC ready to ship the longest 150 meter rail track from Yawata Works Nippon Steel & Sumitomo Metal Corporation has set up a production and transportation system for 150 meter railroad tracks at Yawata Works. The final steps towards the completion of the facility at Yawata Works will enable it to handle and load 150-meter rails, the longest in the world. Rails of... 18.04.2014  11:26

• U.S. fails to prove unfair rebar trade The US Department of Commerce is investigating cases of dumping and subsidies that allegedly harm the production of the domestic valve industry. US companies and workers expect the Department to be able to find and prove dumping and subsidies and to prosecute unfair trading practices to the fullest... 17.04.2014  11:39

• The Ukrainian crisis has not yet affected the supply of steel, but the situation may change As it was many years ago, the confrontation between the two world superpowers during the Cold War should have affected commodity prices and the supply of steel and grain. However, the events in Crimea left the markets more indifferent. At the same time, experts believe that political turmoil in... 17.04.2014  10:04