Metallurgy news

• Indonesian Nickel Export Ban Leads To Shortage Nickel prices were weak, but when the Indonesian government banned the export of unprocessed nickel ore outside the country, it caused a shock that reversed the trend in the nickel market. Mark Selby, senior vice president of business development at Royal Nickel Corp, believes that higher nickel... 13.02.2014  11:50

• Tata Steel abandons project in Vietnam Steel Company Tata Steel (Tata Group, India) announced that it is completely withdrawing from its $ 5 billion steel project in Hatin as the license is delayed and the business environment becomes more complex. In 2007, Tata Steel and Vietnam Steel Corporation signed a Memorandum of Cooperation... 13.02.2014  10:47

• Millions of investments in service Almost 7,250,000 hryvnia - so much was invested by the service company "CorpusGroup" in the modernization of catering and dry cleaning facilities at the production facilities of the "Interpipe" company. At the moment, already 10 canteens are working in a new format. The level of service provision... 13.02.2014  10:10

• A worker died at the Yenakiyevo Metallurgical Plant On February 12, a worker died at the foundry of the Yenakiyevo Metallurgical Plant of Metinvest. Plumber, born in 1960, was found dead in a trough with the remains of hot smelting products by a team of repairmen carrying out work on the territory of the foundry yard. The deceased participated in... 13.02.2014  08:53

• Steel production at ArcelorMittal Kryvyi Rih in January 2014 decreased by 30 percent In January 2014, the Kryvyi Rih Metallurgical Plant of PJSC ArcelorMittal Kryvyi Rih melted 375,500 tons of steel, which is 30 percent less than in January 2013. The production of finished rolled products decreased by 28.8 percent, and the production of pig iron - by 29.5 percent. Such a sharp... 12.02.2014  13:37

• Russia decided to finish off Interpipe The Ukrainian company Interpipe Viktor Pinchuk, which announced a technical default at the end of 2013, was accused of dumping in the Russian steel pipe market. According to the Russian edition of Vedomosti, the Department of Internal Market Protection of the Eurasian Economic Commission (EEC)... 12.02.2014  10:40

• Air Liquide signs contract with ThyssenKrupp Steel Europe Strengthening its position in Germany, Air Liquide has signed a major long-term gas supply contract with ThyssenKrupp Steel Europe AG in the Rhine-Ruhr region, one of the largest and leading industrial pools in Europe. The contract includes 4,600 tonnes of oxygen per day, plus nitrogen and... 12.02.2014  10:08

• NLMK Group enters a new phase of growth with the launch of Strategy 2017 NLMK Group, the largest steel producer in Russia and a leading international steel company, announces the launch of its Strategy 2017, symbolizing a new stage of development. Strategy 2017 envisages generating net income of US $ 1.0 billion per year and investments of US $ 1.6 billion. The 2017... 12.02.2014  09:28

• The hryvnia fell to the lowest official level After weeks of intervening in foreign exchange markets in an attempt to keep the currency stable, the Central Bank of Ukraine depreciated the exchange rate of the national currency, and imposed capital controls, including a ban on the purchase of foreign exchange for foreign investment. By the... 11.02.2014  11:42

• Chinese steelmakers hit record profits in 2013 According to the China Steel and Steel Industry Association (CISA), China's total profit in 2013 jumped to 22.9 billion CNY, well above the meager 1.6 billion CNY of 2012. At the same time, the steel industry must prepare for long-term challenges in the face of skyrocketing material costs and... 11.02.2014  10:51