Metallurgy news

• Indian machine builders require a zero fee on stainless steel Manufacturers of machines and capital goods in the country demanded a zero duties on the import of stainless and special steels due to the sharp devaluation of Indian rupees. Mr. Ramachndran, Secretary General of the Association of Machines and Equipments of India Machines and Equipments, said... 18.12.2013  08:51

• Tokyo Steel raises products by 1 - 3 percent Tokyo Steel Manuapacturn CO Ltd, a leading manufacturer of the country's I -Taurus, said that she was going to raise the prices of ten items of its products for delivery in January 2014, which will amount to about 1-3 percent of the price of metal structures, at the same time it is planned to... 17.12.2013  10:24

• China steel production in November reached 60880,000 tons According to the National Statistics Bureau, China produced 712, 86 million tons in the first eleven months of this year, with an increase of up to 7.8 percent in annual calculus; 650.50 million tons of cast iron, rising by 5.9 percent compared to a year earlier. 978.78 million tons were... 17.12.2013  09:44

• The head of the Indian company Sail believes that the worst times for metallurgy were left behind The head of the largest state steel concern of India, Steel Authority of India (Sail), Chandra Shekhar Verma believes that the worst times for the steel industry are already behind and now has come the best time to acquire raw materials and assets. In an interview with the local media, the head of... 17.12.2013  08:43

• Tata Steel Europe on a long journey to recovery Even in May, the future of Tata Steel in Europe was in question after the depreciation of the assets of the largest Indian company. At the same time, the demand for steel in Europe fell by 30 percent compared to the peak of 2007, which leads to a decrease in the use of production capacity and... 16.12.2013  18:21

• BMZ will three times increase the supply of round metal to the EU in December The press secretary of the Belarusian Metallurgical Plant (BMZ), Alexander olesik, said that by the end of December 2013 the company will ship 13,000 tons of round metal rolling into the European Union, which is 3 times more than the average monthly volume of this year. Currently, BMZ supplies... 16.12.2013  10:49

• The resignation of the chairman opens the internal crisis of the metallurgy of the province of Hebei The chairman of Hebei Iron and Steel Group Wufang was shifted from his post. He left behind a loss-making enterprise in a crisis due to theft and wasteful expenses, including the acquisition furniture .. the deputy governor of the Hebay province held a meeting of the company and announced a... 16.12.2013  10:07

• Export prices from the CIS are in various trends In the CIS, export prices for steel have some discrepancy. Moreover, the price of steel blanks is stable, varietal rental is in negative dynamics, and the finished rental has a rise. The price of steel blanks are kept in the range of the previous week. The market mainly offers semi -finished... 15.12.2013  12:54

• The Cassation Court of Egypt removed the Ahmed Ezza steel magnate 37 years in prison On December 14, on Saturday, the Cassation Court of Egypt canceled the 37-year prison term for a sentence against the steel magnate of Ahmed Ezza for the speculation and embezzlement of state funds. The case is closed, but the oligarch will continue to serve his sentence for other crimes. In... 14.12.2013  17:57

• The production of stainless steel in Europe decreased in 9 months by 6 percent In the first nine months of this year, the production of stainless steel in Europe decreased to 5.4 million tons, which is 6 percent less than in the APPG-2012. This is stated in the December report of the German service center Damstahl. A particularly strong fall in the production of stainless... 14.12.2013  17:37