Metallurgy news

• China Metals Prepared For The Worst Quarter The Chinese steel industry is likely to see its worst period in the 1st quarter of 2014, warned Liu Zhenjiang, deputy director of the China Iron and Steel Industry Association (CISA). CISA is tracking a loss of one billion yuan in January alone. Moreover, 43 capacities are operating in the red,... 20.03.2014  10:31

• SMS Meer expands presence in Shanghai German engineering group SMS Meer, a supplier of technology and equipment for the steel industry, is expanding its Shanghai plant to tackle the growing demand of Chinese customers who are on a path of renewal. The creator of machines for forging and rolling section mills is confident in the... 20.03.2014  10:09

• Russia will not demand early redemption of $ 3 billion of Ukrainian Eurobonds Russia will soon be able to demand early repayment of two-year Eurobonds worth 3 billion. Deputy Minister of Finance of the Russian Federation Sergey Strochak told reporters about it. The prospectus provides for automatic repayment in the event that the state debt to GDP grows to more than 60... 19.03.2014  15:50

• Mariupol Metallurgical Plant named after Ilyich will hold an annual meeting of shareholders on April 4 On April 4, at 12 o'clock local time, the annual meeting of shareholders of PJSC "Ilyich Iron and Steel Works" will take place in Mariupol. Registration of the meeting participants will start at... 19.03.2014  15:32

• Tokyo Steel maintains product prices in April Tokyo Steel Manufacturing Co will maintain current product prices for April delivery as customer inventories rise after the winter frost, but there is a shortage of labor to cover construction projects, Japan's largest electric furnace owner said. However, the firm, which recycles scrap steel... 19.03.2014  12:19

• US shale boom should help JSW return positive revenues India's largest private-sector steelmaker, JSW Steel, sees prospects for its US plate and pipe plant amid the US shale boom. Next year, the United States is expected to be able to independently meet its gas and oil needs as it kicks off its mega shale gas and shale oil projects across the... 19.03.2014  09:27

• Metallurgical enterprises of Metinvest Group mastered the production of 33 types of new products in 2013 The range of rolled products was expanded at several enterprises of the Group at once: Enakievsky Metallurgical Plant, Azovstal, MMK im. Ilyich and Promet Steel (Bulgaria). Among the new products are high-strength flat products of the S890Q brand, square products of 10-20 mm, long products made... 18.03.2014  15:57

• ArcelorMittal Kryvyi Rih increased production of steel and rolled products by 6 percent March 18, Kryvyi Rih. In February 2014, PJSC "ArcelorMittal Kryvyi Rih" increased steel production compared to February 2013 by 6 percent to 539.7 thousand tons, increased the output of finished rolled products also by 6 percent to 461.2 thousand tons and increased the production of pig iron by 7... 18.03.2014  15:41

• Marubeni Itochu to build a joint steel processing center on the outskirts of Karachi Marubeni Itochu has announced an agreement with local auto parts and component manufacturer Dawood Engineering in the Islamic Republic of Pakistan to jointly create a new company in an industrial park outside of Karachi City, Pakistan. The Korean company plans to achieve a high level of urban... 18.03.2014  10:39

• Severstal will supply large-diameter pipes for the second string of the South Stream project Severstal has announced that it has won a tender for the supply of about 160,000 tonnes of 813 mm diameter pipes for the second string of the South Stream offshore pipeline. The pipes will be manufactured by the Izhora Pipe Plant, which is part of the Russian Metallurgical Division... 18.03.2014  09:58