Metallurgy news

• Vice President of ArcelorMittal becomes the new President of EUROFER Robrecht Heimr, Executive Vice President Europe, ArcelorMittal, addressed hundreds of delegates at European Steel Day as the new president of EUROFER, the European Steel Association. He identified three goals for his presidency in securing the future for the steel industry in Europe: market demand... 16.05.2014  11:02

• Mechel refinances $ 1.2 billion loan The metallurgical company Mechel of Igor Zyuzin refinanced 40 billion rubles (about 1.2 billion dollars) with a loan from VTB. The final maturity date is April 2018. The credit line also provides for an additional 3.8 billion rubles to refinance another debt to VTB, which will not lead to an... 16.05.2014  09:39

• During the construction of South Stream in Hungary, its continuation in Austria is taken into account In Budapest, Alexey Miller, Chairman of the Gazprom Management Committee, met with Hungarian Prime Minister Viktor Orban. During the working meeting, the parties discussed the current work on the construction of the South Stream gas pipeline. Currently, the construction of the gas pipeline is... 15.05.2014  17:08

• Riot at the Taiwan Iron and Steel Works in Vietnam Anti-Chinese protests in Vietnam escalated into an attack on workers at a local Taiwanese steel mill in the central province. As a result, one person was killed and 128 people were injured. The riots were preceded by peaceful demonstrations in Ho Chi Minh City and Hanoi against the installation of... 15.05.2014  12:02

• Tata Steel Benefits from Rising Demand in Europe Tata Steel, Ltd (TATA), India's largest steelmaker, has posted a profit over several months amid a gradual recovery in demand in Europe's largest TATA market. The Group's shipments were up 16 percent for the quarter. Tata Steel received a positive boost from the rise in demand in Europe and the... 15.05.2014  11:34

• Metinvest made an appeal to employees of Donetsk region Ukraine's largest steelmaker, Metinvest, has called on workers in the Donetsk region to volunteer to protect local citizens from the unrest in the city that has resulted from Kiev's anti-terrorist operations. Many metallurgists took to the streets in their work clothes and protective helmets and... 14.05.2014  11:09

• Severstal steel plant in the USA receives a new air emission permit The Michigan Department of Environmental Quality has issued a new emission permit for the Dearborn plant of the Russian steel company Severstal. The new permit will more accurately reflect the plant's emission capabilities set by the law. Severstal was granted an air pollution permit in 2007 for... 14.05.2014  10:45

• Rio Tinto Completes Expansion of Pilbara Iron Ore Complex Rio Tinto has announced a major milestone in the Pilbara integrated mining project in Australia, which is commissioned two months ahead of schedule. The project includes a system of iron ore mines, railways and seaports, producing 290 million tons per year. This achievement underlines the... 14.05.2014  10:10

• ThyssenKrupp Raises Full Yearly Sales Forecast The German steel giant has released a performance update for 2014. Heinrich Hisinger, CEO of the company, said: “We have achieved positive net income for the first time in seven quarters. This shows that our performance program is working and our changes in operations have resulted in stronger p... 14.05.2014  09:16

• Metallurgy of Greece has reached a point of no return The local metallurgy of Greece has reached a point that market experts believe led to the closure of companies and is an irreversible milestone, despite efforts to stay alive. The government measures, as it seems to experts, are too small, too late, so employees expect the worst possible... 13.05.2014  11:30