Metallurgy news

• India's metallurgy investments to exceed $ 30 billion in 6 years - Tata Steel Low steel consumption per capita will be the main factor behind the growth of investments in the Indian steel industry. This is stated in a new survey of the Indian domestic market from the largest steel producer Tata Steel. India's steel sector will receive more than $ 30 billion in investment... 09.03.2014  11:58

• External administration introduced at the French steel company Ascometal Ascometal, one of the largest steel producers in France, is on the verge of bankruptcy, threatening the loss of 2,000 jobs. Last Friday, according to the decision of the commercial court of Paris, the external management procedure was introduced at Ascometal. The French company has been hit by a... 08.03.2014  12:57

• Baosteel will not be able to raise steel prices in April due to weak demand According to expert forecasts, China's leading metallurgical company Baosteel will not be able to raise prices for metal products in April due to persistently weak market demand. In addition, over the past three weeks, the market price of heavy plate in China has dropped by $ 30 per... 08.03.2014  11:29

• Russian metallurgical plants have raised prices for rolled metal On March 7, the TMK and UMMC plants joined the reports on the increase in prices for metal products previously received from Severstal, NLMK and MMK. The Pipe Metallurgical Company (TMK) has increased prices by 5-10 percent depending on the type of rolled metal, and the base enterprise of the... 08.03.2014  11:27

• Ukraine failed to pay gas debt - Miller On March 7, Gazprom did not receive payment for the natural gas supplied to Naftogaz in February. Thus, the total debt for natural gas supplied to Ukraine increased to $ 1.89 billion, Chairman of the Board of Gazprom OJSC Alexey Miller told reporters. “Today, March 7, was the deadline for p... 07.03.2014  15:33

• Steel exports from Japan fall for the fifth month in a row According to operational data from the Japan Iron & Steel Federation (JISF), Japanese exports of the most common types of metal products fell to 3.3 million tons in January 2014. Thus, the export of steel from Japan has been falling for five months in a row. The main reason for the decline in... 07.03.2014  12:42

• China Steel Corp expects 2.5 percent sales growth Taiwan steel company China Steel Corp (CSC) said it expects steel product sales to grow 2.5 percent in the second quarter of this year to 3 million 60 thousand tonnes from the previous quarter. Sales of the company in the first quarter were 2 million 910 thousand tons, which is slightly below... 07.03.2014  12:37

• China's war on air pollution will impact steel production Chinese Premier Li Keqiang, speaking at the annual session of the National People's Congress, has declared war on environmental pollution, which will specifically reduce the production of the steel industry. In recognition of public anger over high levels of smog in Beijing and other cities in... 07.03.2014  11:19

• Devaluation of the Ukrainian currency is a boon for the owners of steel plants in Ukraine Ukraine has recently been at the epicenter of the storm due to political and economic instability. It is known that the EU countries froze the assets of the former president due to allegations of corruption. The anger of European and global financial institutions has led to a tightening of lending... 07.03.2014  10:39

• Steel consumption growth in India in the first quarter is almost zero Slow economic growth has been weighed down by low steel consumption in India, which increased by just 0.7 percent in the current fiscal year over the same period last fiscal year. The Joint Committee said the country had consumed 67.253 million tonnes of steel in the current year and said that... 07.03.2014  10:00