Metallurgy news

• POSCO coerced into deal with Dongbu Steel South Korea's Dongbu Steel decided to sell its Incheon plant as part of a program to improve its financial structures, but no domestic steelmaker showed interest in the purchase. Dongbu Steel's Incheon Factory mainly produces cold rolled steel sheets, galvanized sheets and steel pipes. The... 18.02.2014  10:31

• BlueScope Steel buys Fletcher Building in New Zealand BlueScope Steel, Australia's largest steelmaker and owner of a New Zealand steel mill, will buy the assets of Fletcher Building's Pacific Steel under a $ 120 million contract. The deal will result in the closure of the Fletcher steel mill in Otahuhu at the end of 2015. The deal strengthens... 17.02.2014  11:26

• World zinc production in 2013 amounted to about 600 thousand tons Zinc production in 2013 reached 600 thousand tons, and primary copper production - 187 thousand 738 tons. At the same time, it is expected that this year, zinc production in Australia will decline by 5 percent, which will lead to a global deficit of this metal. The third largest zinc mine in the... 17.02.2014  10:57

• Tata Steel's fears over possible UK exit from EU The steel firm, which employs about 1,500 people at Teesside, believes there is a danger of UK isolation if it leaves the European Union. Tata Steel warned in a survey submitted to the government that if the UK leaves the EU, it will feel weakened. In terms of revenue, about 50 percent of Tata... 17.02.2014  10:22

• 22 new blast furnaces launched in China in 2013 According to statistics released by the China Iron and Steel Industry Association, a total of 27 blast furnaces went into production in China in 2013, of which 22 furnaces were recently added, and 5 furnaces were overhauled and technologically upgraded. The 22 new blast furnaces have a total... 16.02.2014  14:26

• Japan expects aluminum deficit Japanese metallurgical group Sumitomo Corp predicts that after the fall in the price of aluminum, its production capacity will be sharply reduced. The aluminum industry may face a shortage of winged metal in 2015 for the first time since 2006, the corporation said. The price of aluminum on the... 15.02.2014  11:26

• ThyssenKrupp CFO Announces Improving European Steel Demand Steel demand in Europe is gaining momentum, especially in the southern and eastern part of the EU, but prices remain low. This statement was made by the financial director of the largest metallurgical company in Germany, ThyssenKrupp. “The expansion in sales looks very good for the European m... 15.02.2014  11:19

• The European Union does not need Ukraine either now or in the future Speaking on Friday at the London School of Economics, European Commission President Jose Manuel Barroso hastened to reassure residents of foggy Albion about rumors about Ukraine's possible EU membership. “We do not exclude such a possibility, but Ukraine is not ready to join the European Union. I... 15.02.2014  11:10

• After the devaluation of the national currency by 20 percent, Kazakhstan promises to raise wages by 10 percent The National Bank refused to further support the national currency tenge in the interbank foreign exchange market. As a result, within one day, the national currency of Kazakhstan devalued by 20 percent. President of the Republic of Kazakhstan Nursultan Nazarbayev called on industrial enterprises... 15.02.2014  10:58

• Goodbye to the revolution. The right sector leaves Grushevsky The leader of the radical wing of the Ukrainian opposition, Right Sector, Dmitry Yarosh, published a statement saying that the organization is ready to vacate Hrushevsky Street to restore transport links. “Today, at our request, the last hostage was released by a court decision. In this regard, t... 14.02.2014  16:08