Metallurgy news

• The dollar exchange rate in Ukraine will reach 11 hryvnia? An analytical review by Capital Economics says that the economically feasible dollar exchange rate in Ukraine should be at the level of 11 hryvnias. Experts substantiate their confidence by the fact that in the third quarter of 2013 the inflow of foreign capital to Ukraine was approximately $ 7... 06.02.2014  15:01

• The European Parliament has determined a plan for the development of European metallurgy The European Parliament adopted with a huge majority the resolution on the EU Action Plan for the Competitiveness and Sustainable Development of the Iron and Steel Industry in Europe, calculated until 2030. Parliamentarians recognize that there must be a real balance between environmental policy... 06.02.2014  14:20

• Siemens modernizes slab production for HKM Huttenwerke Krupp Mannesmann GmbH has commissioned Siemens Metals Technologies to modernize the continuous slab production at its Duisburg Huckingen plant in Germany. The project is designed to improve the quality and expand the range of products, as well as to achieve process stability and safety... 06.02.2014  12:09

• Hyundai cars will become lighter from March Hyundai Motor plans to double its use of light and high-strength steel in its vehicles. According to sources close to the management of the concern, the first car made with more high-strength and light steel will be the new Sonata sedan, which is scheduled for release in March this year. It... 05.02.2014  19:43

• US inundated with scrap metal due to weak demand in Turkey Turkey's economic turmoil has led to a sharp drop in US scrap metal imports, causing its landfills to sprawl. Turkey is the world's largest consumer of scrap steel, so demand from that country is essential to keep the firms doing business in the United States. But amid the economic crisis,... 05.02.2014  10:42

• Kobe Steel is going to raise 100.6 billion yen from the sale of shares Kobe Steel, Ltd, Japan's third-largest steelmaker, plans to raise a whopping $ 996 million to reorganize its core operations. Most of the proceeds from the sale of shares will be used to fund the company's capital expenditures. The funds are intended to improve the profitability of iron ore and... 05.02.2014  09:41

• MMK Azovstal sharply worsened production indicators in January 2014 Mariupol Iron and Steel Works Azovstal in January 2014 reduced steel production compared to January 2013 by 11.3 percent to 346 thousand tons, pig iron - by 11.7 percent - to 298 thousand tons and reduced the output of finished rolled products by 18.6 percent - up to 306 thousand tons. At the same... 04.02.2014  12:53

• In January 2014 Zaporizhstal increased production of steel and rolled products Metallurgical Plant Zaporizhstal marked the first month of 2014 with an increase in all production indicators. In January 2014, steel production at Zaporizhstal Iron and Steel Works increased compared to January 2013 by 2.3 percent to 336.6 thousand tons, pig iron - by 1.7 percent to 283.8 thousand... 04.02.2014  12:12

• Pangang orders continuous galvanizing line from Siemens China's Pangang Group has entered into an agreement with Siemens Metals Technologies to supply a new continuous galvanizing line for its plant in Chongqing. The line will process 450,000 tonnes of high-strength cold-rolled strip per year for further use in the automotive industry. The project is... 04.02.2014  10:09

• Japan announces reduction in steel consumption in 2014 According to the report of the Japan Iron and Steel Federation (JISF), the consumption of common grades of steel in 2014 will decrease here to 49 million 180 thousand tons, which is 2.8 percent less than in 2013. At the same time, the demand for special and alloyed steels in Japan will decline... 04.02.2014  09:21