Metallurgy news

• Lenin plant of Metinvest group reduced natural gas consumption by 30 times Ilyich Iron and Steel Works of Metinvest Group reduced the cost of purchasing energy resources in 2013 by UAH 75 million The Mariupol Metallurgical Plant named after Ilyich (Lenin) of the Metinvest Group in 2013 reduced the consumption of natural gas in the production of pig iron by 30 times.... 30.03.2014  11:24

• Middle East Steel Mills Swap Billet for Scrap to Maintain Profits Over the past month, scrap metal price levels have risen by $ 30-35 per tonne, reaching $ 375-380 per tonne CFR level. At the same time, manufacturers of long products say that this upward price change is difficult to convey to the prices of their finished product. Rebar price levels broke... 29.03.2014  11:49

• The new economic policy of the Yatsenyuk Cabinet of Ministers will lead to an unpredictable drop in GDP - Federation of Metallurgists of Ukraine The recently adopted laws on the sequestration of the state budget and on the prevention of a financial catastrophe in Ukraine carry significant risks for the mining complex and for the Ukrainian industry as a whole, which may lead to a drop in Ukraine's GDP significantly below the level predicted... 29.03.2014  11:39

• On Sunday night, Ukraine will switch to summer time, and Crimea - to Moscow This night, the population of Ukraine moves the clocks forward one hour, and the population of Crimea - 2 hours. Thus, in Mariupol and Berdyansk, Zaporozhye and Donetsk, the sun will rise an hour later than in Crimea. At the same time, Ukraine switches to daylight saving time at 2 am, and Crimea... 29.03.2014  11:27

• Steel rebar contracts are moving in a positive way On the Shanghai Futures Exchange, steel rebar contracts have risen for the third straight session. On the Dalian Exchange, iron ore futures are up more than 1 percent as some traders are betting the market will rebound on expectations of some stimulus for the economy in the near term. The most... 28.03.2014  12:23

• China's stainless steel production has changed global industry levels An in-depth analysis of the Chinese stainless steel industry, conducted by SMI GmbH over three months, showed that Chinese manufacturers have changed the overall world of stainless steel even more than previously thought. For the first time, Chinese producers smelted more than 20 million tonnes... 28.03.2014  11:47

• United States Steel made a statement to investors United States Steel has disappointed investors with dire forecasts for the current year, despite the company's stock up 40 percent over the past year, outperforming other companies by a wide margin. But in 2014, investor hopes for a turnaround in US Steel faded away on their own after the company's... 27.03.2014  15:27

• Coking coal price tends to hit the lowest level in 6 years The sluggish steel market continues to worsen the situation on the coking coal market, which, with low demand intensity in tandem with oversupply, significantly reduces price levels. Increases in supplies from Australia and North America are driving down spot coking coal prices and base contract... 27.03.2014  12:26

• Hyundai acquires equipment from Siemens for new plant Korean steelmaker Hyundai Steel has placed an order with Siemens Metals Technologies for the development and installation of a continuous casting machine, 13XFA sheet steel mills, rebar, rods and wire mill for its new Specialty Metallurgical Plant in Tanjin. Commissioning of the units is scheduled... 27.03.2014  11:34

• Outokumpu to supply 22,000 tons of double layer stainless steel for natural gas project in Oman Outokumpu will supply 22,000 tonnes of Outokumpu Duplex 2205 stainless steel for a natural gas development project in Oman. Deliveries will begin in the first half of 2014 and will continue until 2016. The materials supplied by Outokumpu will be welded by Sosta and Inox Tech. Sosta is a major... 26.03.2014  15:35