Metallurgy news

• $ 80 a ton of iron ore will lead to the disappearance of many miners - Rio Tinto Iron ore is down more than 30 percent YTD on expectations of falling demand in the markets. At the same time, the decline in demand from China, which accounts for two-thirds of the 1.2 billion tonnes of maritime trade, has been negatively impacted. Now the reserves of imported iron ore in Chinese... 05.06.2014  11:12

• What worries the US steel industry? Steel companies currently continue to make steel, facing an industry surplus. Their products are superior in price, and sometimes inferior in quality, to the rapidly growing manufacturers from China. This has become the reason why domestic consumers are increasingly looking to the East. For US... 04.06.2014  15:17

• POSCO Close to Purchase Dongbu Assets POSCO is expected to take care of a steel mill and power plant owned by troubled Dongbu Steel, a major steelmaker in the country whose technology the government believes must be owned by the country and is therefore obligated to sell its distressed assets. only a South Korean company. Officials... 04.06.2014  12:44

• Brazilian oil giant Petrobras orders OCTG pipe from JFE Steel JFE Steel Corporation announced that it has partnered with Metal One Corporation to receive an order for 280 tonnes of OCTG pipe from Brazil's national oil company Petroleo Brasileiro SA. OCTG pipes will be used at the company's offshore oil project in Brazil. This is the first order received for... 04.06.2014  10:55

• Ossen has several contracts for the supply of coated steel for construction projects Ossen Innovation is one of the leading designers, engineers, manufacturers and marketers of customized solutions and steel materials for concrete structures used in bridge, highway and other infrastructure projects in China, Europe, Asia Pacific and the United States. The company announced that... 03.06.2014  13:36

• 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