Metallurgy news

• EUROPIPE JV is the main supplier for the first offshore string of the South Stream pipeline EUROPIPE, a joint venture between Salzgitter AG Group and Dillinger Hüttenwerke, will supply 450,000 tonnes of steel pipes under an agreement with South Stream Transport for the construction of the first offshore section of the South Stream gas pipeline. This large order, which EUROPIPE won as a ... 01.02.2014  12:00

• Nippon Steel & Sumitomo Metal achieved success in 2013 Nippon Steel & Sumitomo Metal Corporation posted profit in the past nine months, including December, amid strong demand following the country's economic recovery. The second largest steelmaker in the world said that net income for the period was 192.8 billion JPY out of 4 trillion. JPY... 01.02.2014  11:14

• Russia exported 764 tons of stainless steel in December 2013 According to the expert assessment of the Association "Spetsstal", in December 2013, the Russian export of the main types of stainless steel products, compared with November, increased by 24 percent and amounted to 764 tons. Exports of stainless steel flat products increased by 12.4 percent to... 01.02.2014  10:33

• Steel production forecast in Japan for 2014 According to information provided by the Iron & Steel Institute of Japan (ISIJ), the country's crude steel production reached 110 million tons in 2013. However, ISIJ expects steel output to be unable to surpass 110 million tonnes in 2014 due to weak demand in the global steel market, which is... 31.01.2014  19:36

• Freyja Resources completes first phase of copper and silver exploration in Mexico Freyja Resources announced that it has completed the first phase of its exploration program at the recently acquired Las Cristinas copper-silver mine located in northeastern Chihuahua state in Mexico. The campaign plans to start drilling immediately after receiving a drilling permit, which is... 31.01.2014  13:32

• Gonvarri Steel Services acquires 51% of shares in Turkish company Cepas Gonvarri Steel Services, a leader in metalworking service centers, has acquired 51 percent of the Turkish company Cepas. Cepas was founded in 2003 and has a strong presence in the Turkish market in the construction and road infrastructure construction sectors. With this acquisition, Gonvarri... 31.01.2014  12:37

• Praxair has signed a gas supply contract with a new steel mill in Brazil Praxair Inc has signed a long-term contract for the supply of industrial gases to a new steel mill that is being built near the port of Pesem in the international free trade Area in the state of Ceara, located in the northeastern region of Brazil. This is reported in tekna.by . The plant will be... 31.01.2014  11:25

• The U.S. Antimonopoly Service has granted ArcelorMittal permission to deal with ThyssenKrupp On January 30, 2014, the U.S. Antimonopoly Service approved the completion of the acquisition of the ThyssenKrupp metallurgical plant in Alabama by the conglomerate ArcelorMittal and Nippon Steel & Sumitomo Metal. "The period set aside by the Hart-Scott-Rodino Antitrust Improvements Act (HSR)... 30.01.2014  18:12

• The price of sheet steel in China will rise to $ 560 per ton Steel prices will rise in China after the New Year holidays. According to YECH CORP, the prices of sheet steel in Taiwan will rise especially strongly due to the fall in the exchange rate of the local currency. Recently, flat rolled products in Taiwan have been offered at 550 – 555 US dollars, ... 30.01.2014  17:49

• FIIs Holding is interested in Indian steel companies Shares of Indian steel companies have reappeared on the radar of FII's foreign institutional investors, who are gradually increasing their stakes in companies such as Tata Steel and SAIL. The data provided for the last quarter, which ended in December 2013, shows that almost all major steel... 30.01.2014  13:06