Metallurgy news

• Japanese and Indonesian companies set up a joint venture to build a steel plant Indonesian steel company PT Krakatau steel and Japanese company Osaka Steel signed a declaration on a new joint venture, PT Krakatau Osaka Steel. The deal was signed by the presidents of the companies who consider the creation of the joint venture very timely, as there is an increase in demand for... 10.09.2014  12:06

• The collapse of iron ore prices requires sacrifice The continuing decline in prices since the beginning of this year has been 38 percent and the price of iron ore has slipped to $ 83.60 per tonne. Against this background, takeover deals have emerged, which now also raise doubts. And Chinese mines are on the verge of shutting down due to high... 09.09.2014  13:16

• Taiwan's Feng Xin keeps rebar prices and scrap steel unchanged Taiwan's largest producer of long products, Feng Xin Steel, has decided to keep prices for rebar and long products at the level approved at the beginning of September unchanged. The company also announced that it plans to keep its scrap purchase prices unchanged for several weeks. According to a... 09.09.2014  11:43

• Debt of Chinese steelmakers is approaching a critical level The first six months of 2014 were not easy for the Chinese economy, which was on a slowdown path. And for the steel companies in China, the situation was even more difficult. More than half of the Chinese steel companies, summing up the first half of the year, found that their debts had reached... 09.09.2014  11:08

• Ukrainian crude steel output fell in the first 8 months Steel production in Ukraine was 19.69 million tonnes in the first eight months of 2014, down 11 percent from the same period last year, according to data released by the Ukrainian Producers Association Metallurgprom. During this period, the output of finished steel products in the country also... 08.09.2014  13:32

• Metalloinvest achieves robust performance amid adverse conditions The financial results for the second quarter, published by the Russian group Metalloinvest, show that its revenue was $ 3,533 million, down 7.7 percent year-on-year, its EBITDA (earnings before interest, taxes, depreciation, etc.) depreciation) reached $ 1,087 million, down 11.6 percent in the same... 08.09.2014  13:29

• Nippon Steel and Sumitomo Opens New Plant in Chittagong Japanese corporation Nippon Steel and Sumitomo Metal inaugurated a plant in Bangladesh to capture the burgeoning domestic market. Construction of the Chittagong plant began in December 2013 as a 50/50 joint venture with local McDonald Steel Building Products Limited. The new plant will supply... 08.09.2014  12:37

• In Russia, the volume of exports of metals increased by 7.5 percent According to the Goskomstat of Russia for the first seven months of 2014, the volume of exports of ferrous metals in Russia increased by 7.5 percent to 22.861 million tons. In monetary terms, the total amount of exports amounted to $ 12.1 billion, which is 4 percent more compared to the same period... 07.09.2014  12:03

• China tries to industrialize e-waste recycling For two decades, computers, telephones and other electronics were brought to Guiyu. It is a city on the southeast coast of China where locals use circular saws, hammers and pliers to extract valuable components from electronics in thousands of small workshops. Historically, the disposal here is... 07.09.2014  09:20

• ArcelorMittal introduces a new range of steels for the automotive industry Steel giant ArcelorMittal offers a new range of steels for the automotive industry that will deliver significant weight savings while improving safety. The company's R&D team has developed a range of advanced high-strength cold forming steels that should result in a 20 percent reduction in... 05.09.2014  13:48