Metallurgy news

• POSCO will replace 5 CEOs The POSCO Group will replace managers in five of the six business units as part of a reform plan identified by the new chairman, Kwon Oh Zhong, in connection with the major refurbishment of the largest steelmaker's facilities. POSCO subsidiaries have announced a key agenda for their... 03.03.2014  09:09

• ArcelorMittal Dofasco to produce steel for next-generation Ford Edge crossover The next generation of Ford's crossover, which will hit the market in January 2015, will be manufactured using Extragal steel produced at ArcelorMittal Dofasco in Hamilton, Canada. Extragal is a double-sided pure galvanized steel that provides high corrosion resistance and excellent surface... 02.03.2014  17:28

• Steel industry in China's provinces adjusted GDP growth to a lower level After the central government decided not to influence local government on GDP growth, about half of the provinces cut their GDP growth forecast for 2014, which is economically feasible in the face of fighting excess steel capacity and meeting environmental requirements. All major steelmakers in... 02.03.2014  16:52

• Rinat Akhmetov's statement Dear Ukrainians! The future of our country is in jeopardy. Internal political tensions can escalate into a protracted conflict and destroy the integrity of Ukraine. The use of force and illegal actions from the outside are unacceptable. I am convinced that there can be only one solution to... 02.03.2014  15:23

• Surplus metallurgical capacity in China is beyond imagination - CISA China's steel industry is facing extremely difficult market conditions amid overcapacity, economic restructuring and mounting financial problems in the metals industry. These problems cannot be solved in the short term. This was announced by the Deputy Secretary General of the Chinese Association... 01.03.2014  12:19

• Steel companies in Russia and Ukraine compete fiercely in the European market Ukraine offers cold-rolled coils in Eastern Europe at € 440 per tonne, while SteelGuru.com sources report that Russian MMK offers the same steel products in Italy for € 380, up from 400 last wee... 01.03.2014  12:02

• Russia will not disregard Crimea's request for help - Presidential Administration of the Russian Federation The administration of the President of Russia announced that it would not ignore the appeal of the Prime Minister of Crimea Sergei Aksenov with a request for assistance in ensuring peace and tranquility in the territory of the autonomy. Earlier it was reported that the Chairman of the Council of... 01.03.2014  09:53

• Import of Asian metal products to Ukraine doubled in five years According to the data of the State Enterprise Derzhzovnishinform (DZI), the import of imported rolled metal into Ukraine has decreased by 4 percent over the past five years. At the same time, the total share of foreign rolled products in the domestic market of the country is more than 20 percent.... 28.02.2014  13:32

• Lightning: The Verkhovna Rada wants to close the buffet! February 28, Kiev. Due to the fact that the MPs spend more time in the buffet than in the voting hall, there is a real threat of a shortage of votes on important issues. This was stated by the deputy from "Batkivshchyna" Andrei Pyshny. For example, the Verkhovna Rada at the first attempt failed... 28.02.2014  13:13

• Great Britain extradited the son of the owner of the ILVA plant Fabio Riva British authorities have agreed to extradite Fabio Riva, whose family owns the acclaimed ILVA steel mill, to Italy. The Riva family has been accused of an environmental disaster in southern Italy, according to the Rome Press Agency. Fabio Riva is expected to appeal the extradition order. At the... 28.02.2014  09:13