Metallurgy news

• Iron ore market stabilizes Iron ore futures contracts in China rallied in June as the market stabilized after the recent steep drop in prices that spurred interest from buyers. Oversupply, however, could limit further price recovery. Despite a 13 percent decline in iron ore prices in May, Chinese imports of raw materials... 09.06.2014  12:13

• The world needs 48 trillion. dollars of investment to meet energy demand Business Recorder reported that further development of the global economy will require 48 trillion. dollars of investment in the period up to 2035 in order to meet the growing demand for energy. Countries must invest $ 40 trillion, according to a report released by the Paris-based energy policy... 08.06.2014  13:32

• Former Minister Appointed Administrator of ILVA Former minister Mario Monti has been selected as commissioner for the ill-fated ILVA steel mill in southern Italy, which is at the center of the debate on health and the environment. Piero Gnudi, who headed the Ministry of Sports and Tourism from November 2011 to April 2013, said that Enrico... 08.06.2014  12:02

• Steel production decreased in Ukraine in the first 5 months Crude steel production in Ukraine decreased by 7 percent in the first five months compared to the same period last year to 11.38 million tonnes, according to data published by the Ukrainian Association of Producers Metallurgprom. During this period, the output of pig iron in the country was set... 08.06.2014  11:33

• EVRAZ delivered the first delivery of 100 meter Russian-made rails to Russian Railways The first batch of 100 meter rails with hardened head R65 DT-350 manufactured by EVRAZ ZSMK was sent to the Russian Railways (RZD). EVRAZ is the only company in Russia and the CIS, and only the third in the world, to launch the production and supply of this innovative product. EVRAZ also produces... 07.06.2014  14:21

• U.S. Trade Deficit Reaches Two-Year High The US trade deficit rose to a two-year high in recent months as exports fell and imports rose to a record high. The Commerce Department says the deficit rose to $ 47.2 billion in April, up 6.9 percent from the revised March deficit of $ 44.2 billion. Exports fell for the fourth straight month... 06.06.2014  15:35

• G-7 heads warn Moscow in the face of Putin Leaders of the world's leading economies in seven countries have threatened to impose tougher sanctions on the Russian economy if Russia's actions do not meet the new requirements proposed by leaders on easing tensions in Ukraine, whose new president says there is evidence that Russia is... 06.06.2014  11:58

• Steel prices showed weak revival in the EU amid weakening euro Steel imports in the Euro zone rose slightly as the Euro lost 2.5-3 percent against the dollar. In addition, there was some resistance from Russian suppliers. Currently, domestic demand is gaining momentum. However, the general mood remains disappointing and buyers are looking forward to future... 06.06.2014  11:18

• Urgent action to be taken to rebuild Italian steelworks Ilva The Italian government plans to find a new leader for the troubled Ilva steel mill. Stakeholders warned that due to the hype, the plant has failed to attract the investors it needs to protect jobs in the economically underdeveloped south. This was reported in rustehprom.ru a supplier of... 05.06.2014  12:57

• US car sales hit 9-year high in May Buoyant demand for SUVs and pickups pushed US car sales to a 9-year high in May this year. Chrysler, Nissan and Toyota had double-digit sales gains over the previous year. Even General Motors, fighting its competitors, posted an astonishing 13 percent increase in sales. Ford's sales were up 3... 05.06.2014  11:38