Metallurgy news

• Updated TMK data for the Europe segment Pipe Metallurgical Company at its European division enterprises decreased revenues in the last quarter by $ 12 million, or 17 percent compared to the previous quarter, to $ 60 million. This is mainly due to the negative impact of foreign exchange rates and lower sales of steel billets. Gross... 12.03.2015  11:17

• China's iron ore imports fell 14 percent in February Iron ore imports into the country dropped significantly in February 2015, according to trade statistics released by China Customs. The fall was nearly 14 percent when compared with imports in the same month last year. In February, imports of iron ore to China amounted to 67.94 million tons.... 12.03.2015  10:40

• Scrap metal shortage boosts DRI production - IIMA The growing shortage of high grade steel scrap is likely to lead to a significant increase in direct reduced iron (DRI) production over the next decade, according to a report from the International Metals Association (IIMA). Stuart Horner, Secretary General of the IIMA, outlined the possible... 12.03.2015  09:34

• China Announces Largest Infrastructure Projects China ruled out government stimulus to slow economic growth, but at the same time announced a $ 260 billion infrastructure project, including the construction of a railroad. According to Premier Li Keqiang's report to the National People's Congress, China is set to invest more than CNY 800... 11.03.2015  13:40

• MMK achieves success in import substitution OJSC Magnitogorsk Iron and Steel Works builds its development strategy on the continuation of strengthening its positions in the domestic market, producing goods for the purpose of import substitution and meeting the demand for high-quality metal from the Russian economy. In recent years, MMK has... 11.03.2015  13:07

• Japan has reduced exports of HRC TOKYO: Exports of hot rolled coil (HRC) dropped sharply from the country during the month of January this year, according to updated statistics released by the Japanese Ministry of Finance (MoF). Treasury data show that HRC exports from Japan totaled 973,573 tonnes during the month. This is... 11.03.2015  09:44

• Dozens of pollutant factories shut down in China Another small galvanizing plant in Jijie, Handan City, Hebei Province, will soon have to close for failing to comply with environmental protection requirements, local media reported. A total of 35 polluting factories were closed in the region after the government began to bring local campaigns... 10.03.2015  11:40

• Alcoa buys titanium production for aerospace reinforcement Alcoa, the most prominent aluminum producer in the United States, acquires RTI International Metals, which specializes in the production and supply of titanium, for $ 1.3 billion. More than 80 percent of RTI's business is focused on the aerospace and defense industry. This acquisition for Alcoa is... 10.03.2015  10:33

• EU to impose anti-dumping duties on stainless steel imports from China and Taiwan The European Commission has proposed anti-dumping duties on stainless steel imports from China and Taiwan. The European Association of Steel Manufacturers (Eurofer) argues that the rise in stainless imports from these two countries is damaging domestic industries in the region. Tariffs will be... 10.03.2015  09:55

• Ukrainian company re-launches the largest metallurgical plant in Latvia The largest metallurgical plant in Latvia Metallurg Liepaja, now called KVV Metallurg Liepaja, was officially opened on Friday and is set to resume full production in April. The rolling mills of KVV Metallurg Liepaja have been operating since mid-February and have reached an output of 15,000... 09.03.2015  12:04