Metallurgy news

• Evraz sells subsidiary in the Czech Republic Russia's largest steelmaker Evraz, after a year of efforts, closed a deal to sell its Czech loss-making Vitkovice Steel facility in Ostrava for $ 89 million to a group of private investors to help cut debt amid declining European demand for steel. Evraz announced back in April last year that it... 04.04.2014  12:29

• Western banks tightened steel payment options for Russia and Ukraine Western banks involved in global trade flows have tightened payment procedures for steel deals with Russia and have already taken similar steps for Ukraine due to political instability Russia's actions in relations with Crimea have caused the biggest crisis between East and West since the Cold... 04.04.2014  10:17

• Global status of crude steel production in Turkey in January-February 2014 More than 261 million tons of crude steel worldwide were produced in 65 countries represented by the World Steel Association during the first two months of 2014, an increase of 1.6 over the same period in 2013. China retained its first place in the list of crude steel production during this period... 04.04.2014  10:14

• Dmitry Medvedev hinted at a possible termination of gas supplies to Ukraine At a meeting between Russian Prime Minister Dmitry Medvedev and Gazprom head Alexei Miller, the issue of Ukraine's debt for consumed gas was raised, which, according to Gazprom, has exceeded $ 2.2 billion by now. “Our Ukrainian partners must find the necessary finances and pay off their debts, s... 03.04.2014  14:40

• Chinese metallurgists are in a difficult situation: expert China's steel industry has been in its toughest conditions for two decades, amid falling prices, weak demand and overcapacity, leading to mergers and acquisitions. Li Xingchuang, head of the China Metals Industry Planning and Research Institute, said that "In the first months of 2014, China's... 03.04.2014  11:08

• Tata Steel works with a research organization to create new steel coatings Tata Steel has formed a strategic partnership with renowned UK research organization EPSRC to develop a range of innovations, including graphene steel coatings and next-generation sensors that can operate in extreme conditions. The study will include the study of the coating ability of steel... 03.04.2014  09:37

• ArcelorMittal unions in Kazakhstan are fighting for 13 wages The ZHAKTAU Metallurgical Union has prepared a lawsuit in connection with the refusal of the board of ArcelorMittal Timertau to pay the thirteenth salary in 2013. The trade union committee of the industrial union said that the negotiation process yielded zero results. ArcelorMittal Timertau... 03.04.2014  09:07

• Iron ore on track to recover price after expected rise in steel demand Iron ore climbed to its highest level in seven months, replacing its quarterly decline. The rise came on speculation that China could speed up construction projects and take action to combat a slowdown in economic growth from the world's largest iron ore buyer. Benchmark trades iron ore for... 02.04.2014  12:06

• EU environmental project could force steelmakers to move to countries with less stringent requirements The European Steel Association EUROFER explains that the project of the Environmental Commission could undermine their competitiveness. Gordon Moffat, head of EUROFER, and Bart Samine, deputy general secretary of IndustriALL Europe, asked José Manuel Barroso to develop measures to prevent potential ... 02.04.2014  11:02

• In March 2014, Ukraine increased steel production by 11 percent According to the statistics of the Metallurgprom business association, Ukraine produced 2 million 640 thousand tons of steel in March 2014, which is 11 percent more than in February and 8.1 percent less than in March 2013. Pig iron production for the month increased by 13.7 percent to 2 million 502... 02.04.2014  09:52