Metallurgy news

• Steel production at ArcelorMittal Kryvyi Rih in January 2014 decreased by 30 percent In January 2014, the Kryvyi Rih Metallurgical Plant of PJSC ArcelorMittal Kryvyi Rih melted 375,500 tons of steel, which is 30 percent less than in January 2013. The production of finished rolled products decreased by 28.8 percent, and the production of pig iron - by 29.5 percent. Such a sharp... 12.02.2014  13:37

• Russia decided to finish off Interpipe The Ukrainian company Interpipe Viktor Pinchuk, which announced a technical default at the end of 2013, was accused of dumping in the Russian steel pipe market. According to the Russian edition of Vedomosti, the Department of Internal Market Protection of the Eurasian Economic Commission (EEC)... 12.02.2014  10:40

• Air Liquide signs contract with ThyssenKrupp Steel Europe Strengthening its position in Germany, Air Liquide has signed a major long-term gas supply contract with ThyssenKrupp Steel Europe AG in the Rhine-Ruhr region, one of the largest and leading industrial pools in Europe. The contract includes 4,600 tonnes of oxygen per day, plus nitrogen and... 12.02.2014  10:08

• NLMK Group enters a new phase of growth with the launch of Strategy 2017 NLMK Group, the largest steel producer in Russia and a leading international steel company, announces the launch of its Strategy 2017, symbolizing a new stage of development. Strategy 2017 envisages generating net income of US $ 1.0 billion per year and investments of US $ 1.6 billion. The 2017... 12.02.2014  09:28

• The hryvnia fell to the lowest official level After weeks of intervening in foreign exchange markets in an attempt to keep the currency stable, the Central Bank of Ukraine depreciated the exchange rate of the national currency, and imposed capital controls, including a ban on the purchase of foreign exchange for foreign investment. By the... 11.02.2014  11:42

• Chinese steelmakers hit record profits in 2013 According to the China Steel and Steel Industry Association (CISA), China's total profit in 2013 jumped to 22.9 billion CNY, well above the meager 1.6 billion CNY of 2012. At the same time, the steel industry must prepare for long-term challenges in the face of skyrocketing material costs and... 11.02.2014  10:51

• European factories hit by imports from Eastern Europe and China Prices for rolled steel and other metal products tend to decrease due to imports from Eastern Europe. Reinforcing bars from Poland, bars from Italy, hot rolled HRC and cold rolled CRC sheets from Russia are some of the contributing factors that negatively affect the viability of factories in... 11.02.2014  10:25

• SAIL Bokaro aims to increase production to 14 million tonnes by 2025 Despite last year's recession, Bokaro Steel Limited (BSL), one of SAIL's five plants with a production of 4.5 million tonnes, hopes to reach 14 million tonnes of steel products by 2025. This requires a jump of 10 million tonnes at the existing hot metal facility and related steel and rolling... 10.02.2014  14:34

• Zaporizhstal reduced the use of natural gas by a third The Zaporizhzhya Metallurgical Plant Zaporizhstal, a member of Rinat Akhmetov's Metinvest group, in 2013 reduced natural gas consumption by 29 percent to 236 million cubic meters. This was reported by the press center of the plant. Such significant energy savings became possible due to the... 10.02.2014  13:53

• Russia does not rule out the possibility of a number of major bankruptcies in the metallurgical industry During the presentation of his new strategy until 2017, the owner of the largest steel producer in the Russian Federation, the NLMK Group, Vladimir Lisin, said that soon it would be necessary to use the bankruptcy mechanism in relation to inefficient companies in the industry. There will not be... 10.02.2014  13:44