Metallurgy news

• Steel imports increased in the USA The American Metallurgical Institute announced that the United States imported a total of 3.726 million tonnes of steel in April 2014, including 2.738 million tonnes of finished products, up 15.2% and 12.2% from March, respectively. The main products that ensured the increase in imports in April... 29.05.2014  11:31

• Japanese steel mills worried about huge imports of galvanized steel from Korea Since the beginning of this year, the number of imports of metal products in Japan has been steadily growing. In April alone, the amount of imports amounted to 761 thousand tons and increased by 27.6 percent compared to last year. The Japanese steel industry maintains a high level of steel... 29.05.2014  10:50

• Severstal Izhora starts supplying pipes for the South Stream project OAO Severstal, one of the world's leading metallurgical and mining companies, has started supplying pipes with a diameter of 813 mm for the offshore section of the South Stream pipeline. The pipes are manufactured at the Izhora Pipe Plant, which is part of the Russian steel division Severstal.... 29.05.2014  10:14

• Chinese metallurgy on the verge of major changes Overproduction and falling steel prices are synonymous with the Chinese steel industry. Despite all the plight of the steel market in China, steel production jumped 4.9 percent in the first 4 months. The government targets moderate economic growth of 7.5 percent in 2014, linked to satisfying... 28.05.2014  11:57

• Severstal launches supplies for automotive projects Severstal has announced that the company has launched trial deliveries of rolled products for the production of several Nissan car models in Russia. Severstal also signed a contract for the supply of rolled steel to the Renault-Nissan Alliance from March to August 2014, demonstrating its position... 28.05.2014  11:00

• Russian factories have raised prices for hot rolled steel Russian flats producers HRC increased their export offerings by $ 10-15 per tonne last week, limiting the availability of their exports as domestic demand picks up during the summer. Hot-rolled steel offers from Russian plants are at the level of $ 540-550 per tonne FOB Black Sea. However,... 28.05.2014  09:53

• Korean steelmakers reduce investment to 2007 level According to the Korean Iron and Steel Association, domestic metallurgists are planning to spend 4.57 trillion this year. KRW (Korean won) for the construction of new production facilities and maintenance of existing equipment, down 24.8 percent from last year. It is also the lowest investment... 27.05.2014  15:46

• Chinese Steel Mills Establish Electronic Trading Platform Online trading platforms have been launched by Chinese steel companies in the hope that the Internet will drive sales and help them get through their rough days. These platforms not only reduce costs, but also provide customers with better access to information, allowing them to freely trade stocks... 27.05.2014  15:20

• Kobe Steel and Toyota Tsusho are exploring the production of aluminum sheets for the automotive industry in the United States Kobe Steel Limited and Toyota Tsusho Corporation decided to consider establishing a joint venture to manufacture and market aluminum sheet for automotive body panels and automotive heat exchangers in the United States to meet the needs of the domestic and overseas market. Both companies plan to... 27.05.2014  14:52

• Deutsche Bank refuses to fund expansion of Adani coal port in Australia Deutsche Bank has refused to fund the expansion of one of the world's largest coal ports of the Indian Adani Group near Australia's Great Barrier Reef after protests by green activists. Australia approved a major expansion of the coal port at Abbot Point last year in line with strict... 26.05.2014  13:12