Metallurgy news

• Russia plans to redirect gas transit to the EU from Ukraine to Turkey Russia believes that transit risks for European consumers remain on the territory of Ukraine. Russia intends to shift all of its natural gas flows to the EU from Ukraine to transit routes through Turkey, creating the necessary infrastructure on the Turkish-Greek border to maintain its reputation as... 15.01.2015  11:29

• Severstal may redeem up to $ 600 million of Eurobonds Severstal plans to buy back about $ 600 million of bonds after the steel company sold its US plants. Severstal sold its steelmaking assets to US chasing reductions in overcapacity and falling prices for $ 2.33 billion last year. About $ 1 billion of the proceeds were distributed in the form of... 15.01.2015  10:46

• Turkish pipe companies plan to increase exports to 2 million tons in 2015 Turkish pipe producers are optimistic and want to surpass the target of 2 million tonnes of exports during 2015. In their opinion, the abolition of the import duty on flat products should ensure the supply of raw materials in a sufficient volume to increase production. According to the Turkish... 14.01.2015  11:26

• Aluminum price in 2015 will be maintained at a high level Bauxite supply problems and new capacity growth will be the main dominant factors affecting the aluminum market in 2015, according to Guotai Junan futures research report. In the Chinese market, "prices for aluminum sheet fell slightly in early 2015, but there is a possibility that prices for... 14.01.2015  11:01

• Ruble Decrease Threatens Indian Steel Producers The decline in the value of the Russian ruble is putting Indian steel companies in a difficult position. Indian steel giants such as Tata Steel Ltd, JSW Steel, as well as Indiahad are planning to increase production, with the support of the central government for faster growth of the country's... 14.01.2015  10:12

• Middle East plans to invest $ 18 billion in construction of new pipelines The Middle East is going to invest about $ 18 billion over the next five years in the creation of new pipelines and related infrastructure. The Gulf Cooperation Council (GCC) is expected to add over 21,000 km to its current pipeline network. Tube Arabia, Metal Middle East and Arabia Essen Welding &... 13.01.2015  11:15

• Tata Steel launches production of a new steel grade Tata Steel, studying customer needs, has now completed development and plans to launch a new line of steel that has been created to improve the production of tractor wheels as well as other large SUVs and vehicles. The company uses the knowledge gained in the development of steel for the critical... 13.01.2015  10:22

• Chinese imports hinder stainless steel production in India Slow capacity utilization and competition from Chinese imports will hamper the country's stainless steel production this year, which operates at 55 percent capacity utilization of its total installed capacity of 5 million tonnes per year. “The stainless steel sector needs government support in t... 12.01.2015  11:11

• Indonesian tin exports will continue to decline On the London Metal Exchange, the price of tin increased by $ 0.16 per kilogram, and reached $ 23.27 in early 2015. Nickel also added $ 0.08 per kg, reaching about $ 17. Industrial demand is expected to increase in the spring for tin and nickel. The rise in prices is associated with a ban in... 12.01.2015  10:24

• ALACERO Announces Unprecedented Growth in Imports of Steel Products from China The Latin American Association of Steel Producers (ALACERO), says China supplied 56 percent more steel products in 2014 than in 2013. In the period from January to November 2014, China supplied 7.4 million tonnes of finished steel to Latin America, and 4.8 million tonnes in the previous... 11.01.2015  13:20