Metallurgy news

• European factories hit by imports from Eastern Europe and China Prices for rolled steel and other metal products tend to decrease due to imports from Eastern Europe. Reinforcing bars from Poland, bars from Italy, hot rolled HRC and cold rolled CRC sheets from Russia are some of the contributing factors that negatively affect the viability of factories in... 11.02.2014  10:25

• SAIL Bokaro aims to increase production to 14 million tonnes by 2025 Despite last year's recession, Bokaro Steel Limited (BSL), one of SAIL's five plants with a production of 4.5 million tonnes, hopes to reach 14 million tonnes of steel products by 2025. This requires a jump of 10 million tonnes at the existing hot metal facility and related steel and rolling... 10.02.2014  14:34

• Zaporizhstal reduced the use of natural gas by a third The Zaporizhzhya Metallurgical Plant Zaporizhstal, a member of Rinat Akhmetov's Metinvest group, in 2013 reduced natural gas consumption by 29 percent to 236 million cubic meters. This was reported by the press center of the plant. Such significant energy savings became possible due to the... 10.02.2014  13:53

• Russia does not rule out the possibility of a number of major bankruptcies in the metallurgical industry During the presentation of his new strategy until 2017, the owner of the largest steel producer in the Russian Federation, the NLMK Group, Vladimir Lisin, said that soon it would be necessary to use the bankruptcy mechanism in relation to inefficient companies in the industry. There will not be... 10.02.2014  13:44

• Gazprom discusses expansion of Nord Stream Gazprom CEO Alexei Miller met with Matthias Warnig, Managing Director of Nord Stream AG, to discuss the possibility of expanding the Nord Stream gas transmission system along the bottom of the Baltic Sea. This would mean building one or two additional threads. Gazprom reviewed the results of a... 10.02.2014  13:15

• Italian firm Danieli wins key order from Jindal Shadeed Italian firm Danieli has won a US $ 100 million order to supply equipment for the new Jindal Shadeed Iron and Steel facility in Sohar. The agreement is part of a project with Jindal Shadeed to build a steel smelting and processing plant in Oman, with a total investment of $ 200 million. Renato... 10.02.2014  09:10

• Sesa and JSW accuse each other of iron ore price monopoly War of words between metallurgical and mining companies in Karnataka has been heating up throughout the year. The two largest firms Sesa Sterlite and JSW Steel accuse each other of abusing their dominant position in the iron ore market and forming cartels, cust-service.com . Leading private... 09.02.2014  13:54

• Exports May Save Vietnam's Steel Industry A report from the Vietnam Steel Association (VSA) said that only 50 percent of total steel production was consumed in 2013. The steel industry has gone through another difficult year due to the economic crisis. Nevertheless, the industry can get the fast growing exports on their feet. In recent... 09.02.2014  13:14

• ArcelorMittal sets a course to increase production ArcelorMittal, the world's largest steelmaker, expects higher profits this year. The company intends to achieve this through increased sales of steel products and a significant increase in production profitability. In addition, further increases in iron ore production are planned. There are also... 09.02.2014  11:51

• A man died at the Ilyich metallurgical plant According to the press service of the Mariupol Metallurgical Plant named after Ilyich, on February 8, a gasman died in the process of examining the valve of the blast furnace stove. The death of the worker was ascertained by the doctors who arrived at the scene. According to the press... 09.02.2014  09:43