Metallurgy news

• Coking coal price tends to hit the lowest level in 6 years The sluggish steel market continues to worsen the situation on the coking coal market, which, with low demand intensity in tandem with oversupply, significantly reduces price levels. Increases in supplies from Australia and North America are driving down spot coking coal prices and base contract... 27.03.2014  12:26

• Hyundai acquires equipment from Siemens for new plant Korean steelmaker Hyundai Steel has placed an order with Siemens Metals Technologies for the development and installation of a continuous casting machine, 13XFA sheet steel mills, rebar, rods and wire mill for its new Specialty Metallurgical Plant in Tanjin. Commissioning of the units is scheduled... 27.03.2014  11:34

• Outokumpu to supply 22,000 tons of double layer stainless steel for natural gas project in Oman Outokumpu will supply 22,000 tonnes of Outokumpu Duplex 2205 stainless steel for a natural gas development project in Oman. Deliveries will begin in the first half of 2014 and will continue until 2016. The materials supplied by Outokumpu will be welded by Sosta and Inox Tech. Sosta is a major... 26.03.2014  15:35

• Researchers have developed 3D printing micro trusses stronger than steel A group of German scientists have used 3D laser lithography to print microscopic trusses and parts that are as strong as steel and lighter in weight than water. The aim of the research is to create materials that are much stronger than those currently being produced, but light enough for use in... 26.03.2014  15:04

• World stainless steel production increased 8 percent in 2013 The International Stainless Steel Forum released preliminary data for 2013 showing stainless steel production increased 7.8 percent to 38.1 million tonnes per year. With the exception of Western Europe and Africa, all regions achieved positive growth rates. Asia, excluding China, recorded 8.8... 26.03.2014  14:01

• Timken signs contract with UWC to manufacture bearings in Russia Timken has entered into an agreement with the United Wagon Company (UWC) to establish a joint venture (JV) to manufacture AP-2 ™ Timken® rail bearings in Russia. The JV plans to improve the safety, reliability and efficiency of the local rail industry by equipping freight cars with premium Timken be... 25.03.2014  09:24

• 1.5 thousand people suffered during the Kiev riots - Ministry of Health On the territory of Ukraine, due to uncontrolled rallies and riots taking place on the streets of Kiev and other cities, the number of victims increased again, and already amounts to 1,500 people. This information is reported by the official website of the Ministry of Health of Ukraine. Cases of... 24.03.2014  18:08

• The future of the South Stream gas pipeline is in question The prospects for the South Stream pipeline project, which is required to transport Russian gas to Europe, are in doubt due to the escalating dispute over Ukraine. Paolo Scaroni, CEO of ENI, said during parliamentary hearings in Rome that the future of the pipeline is "somewhat darkened." The... 24.03.2014  16:31

• China seeks to influence the formation of the price of iron ore China is looking to create giant mining groups to play a more active role in iron ore price negotiations with rivals around the world. The country plans to create a large mining conglomerate with a focus on iron ore mining and smelting operations based on the state-owned metallurgical producer... 24.03.2014  15:41

• A curator was appointed to the Russian Crimea Deputy Prime Minister Dmitry Kozak will oversee Crimea in the Russian government. This was announced by the Prime Minister of the Russian Federation Dmitry Medvedev at a meeting on the socio-economic development of Crimea and Sevastopol today on March 24. “The topic of Crimea will be led by D... 24.03.2014  12:23